St. Kitts and Nevis, known for its stunning landscapes and vibrant culture, offers a Citizenship by Investment (CBI) programme that allows individuals to obtain citizenship through financial contributions. This enticing opportunity raises numerous questions. Below, we address some St. Kitts and Nevis Citizenship by Investment FAQs.
What is the St. Kitts and Nevis Citizenship by Investment Programme?
The Citizenship by Investment Programme in St. Kitts and Nevis allows individuals and their families to acquire citizenship by making a significant financial investment in the country. This programme is designed to attract foreign investment while providing individuals with the benefits of citizenship.
What are the investment options available?
There are four investment avenues available under the St. Kitts and Nevis CBI Programme:
- Sustainable Island State Contribution (SISC): A non-refundable contribution starting at US$250,000 for a main applicant or family with up to four persons. The SISC is used to support the economic and social development of St. Kitts and Nevis following the seven pillars of prioritisation.
- Developer’s Real Estate Investment: Purchase of approved real estate starting from US$400,000 (resaleable after seven years) to be paid to the developer for each main applicant.
- Private Real Estate Sale: The minimum investment in a condominium unit or share in a real estate development designated as Approved Private Real Estate is US$400,000 while the minimum investment in a single-family private dwelling home designated as Approved Private Real Estate is US$800,000.
- Public Benefit Option: The Public Benefit Option provides the government with the means of achieving its capital investment goals. Minimum investment starts at US$250,000 in a unit of an Approved Public Benefit Project, to be paid to the Unit.
Additionally, there are due diligence and processing fees associated with each option.
How long does the application process take?
The application process from submission to approval in principle typically takes 160 – 180 days. However, this timeframe may vary based on the completeness of the application and the selected investment option.
Who is eligible to apply for citizenship?
Individuals over the age of 18 can apply. You may include dependents such as a spouse, children, and, in some cases, siblings and parents. Each applicant must meet specific criteria, including a clean criminal record and sufficient financial resources.
What documents are required for the application?
To apply for citizenship, you will need to submit several documents, including:
- A valid passport
- Birth certificates
- Police clearance certificates
- Medical certificates
- Proof of investment
- Financial statements
The exact requirements may vary, so it is advisable to consult with an Authorised Agent for specific guidance.
What are the benefits of obtaining St. Kitts and Nevis citizenship?
St. Kitts and Nevis citizenship offers numerous advantages, including:
- Access to a stable political and economic environment.
- No personal income tax, wealth tax, or inheritance tax.
- The ability to include family members in the application.
- Citizenship for life.
Can I live and work in St. Kitts and Nevis with my new citizenship?
Yes, as a citizen of St. Kitts and Nevis, you have the right to reside, work, and study in the country. This beautiful twin-island nation offers a welcoming environment and a relaxed lifestyle.
Is the citizenship granted for life?
Yes, citizenship obtained through the CBI Programme is granted for life, and while there is no requirement to reside in St. Kitts and Nevis to maintain it, most investors are blown away when visiting the island and experiencing all it has to offer.
Is there a due diligence process?
Yes, the Unit conducts a thorough due diligence process for each applicant and their dependents. This process safeguards the integrity of the CBI Programme by ensuring that applicants meet the necessary criteria.
The St. Kitts and Nevis Citizenship by Investment Programme presents a unique opportunity for individuals seeking an alternative citizenship with numerous benefits. If you have any further questions or wish to explore your options, consider reaching out to an Authorised Agent who can provide tailored assistance.
