•Saint Kitts and Nevis

Saint Kitts and Nevis is a dual-island nation situated between the Atlantic Ocean and Caribbean Sea. The Government of St. Kitts and Nevis has a long-running “Citizenship-by-investment” programme attracting foreigners who make a substantial contribution to the development of the country. Investors along with any family members can directly qualify for citizenship through investment, either by donating or investment in real estate purchase.

 

THERE ARE FOUR WAYS IN WHICH DISCERNING INVESTORS CAN APPLY FOR CITIZENSHIP UNDER THE ST KITTS AND NEVIS CITIZENSHIP BY INVESTMENT PROGRAMME (choose one of the following options)

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RESALE

 

  • A property purchased under the Private Real Estate Sale Investment Option shall not be resold for a period of at least seven (7) years.
  • The Approved Private Real Estate does not qualify for purchase in a subsequent CBI application, unless the Federal Cabinet is satisfied that substantial further investment was injected into the real estate unit by way of further construction, renovation or otherwise.

 

On approval-in-principal of an application made through a real estate investment, the post-approval application fees apply for a main applicant - US$25,000, a spouse - US$15,000, any qualified dependent under 18 - US$10,000, any qualified dependent aged 18 or over - US$15,000.

 

 

 

CBI Options Sustainable Island State Contribution (SISC)

 

The Sustainable Island State Contribution (SISC) is used to support the economic and social development of St. Kitts and Nevis, following 7 pillars of prioritisation:

 

  • Increasing local food production
  • Transitioning to Green Energy
  • Diversifying the economy
  • Attracting and supporting sustainable industries
  • Evolving the Creative Economy
  • Recovering from the impacts of the Covid-19 pandemic
  • Expanding social protections and safety nets to protect the most vulnerable

All contributions are payable to the Federal Consolidated Fund, US$250,000. Including the family of four family members, USD $25,000 per additional dependant under 18, US$50,000 per additional dependant aged 18 or over.

DEVELOPER'S REAL ESTATE INVESTMENT OPTION

 

A trusted and strategic diversification strategy for your portfolio. Discerning investors may apply for citizenship through the purchasing of a designated real estate unit of an Approved Development. The minimum real estate investment in an Approved Development is US$400,000 (resaleable after seven years) to be paid to the developer for each main applicant.

 

On approval-in-principal of an application made through a real estate investment, the post-approval application fees apply for a main applicant - US$25,000, a spouse - US$15,000, any qualified dependent under 18 - US$10,000, any qualified dependent aged 18 or over - US$15,000.

 

In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).

 

PRIVATE REAL ESTATE SALE

 

A distinctive choice for the unique investor. Applicants may qualify for citizenship through an investment in Approved Private Real Estate.

 

  • The minimum investment in a condominium unit or share in a real estate development designated as Approved Private Real Estate is US$400,000.
  • The minimum investment in a single-family private dwelling home designated as Approved Private Real Estate is US$800,000.

 

THE PUBLIC BENEFIT OPTION PROVIDES THE GOVERNMENT WITH THE MEANS OF ACHIEVING ITS CAPITAL INVESTMENT GOALS.

 

Discerning investors who would like to:

  • Develop an industry;
  • Finance the construction of a real estate development project on State land;
  • Construct a real estate development project on land to be transferred to the State; or
  • Otherwise bring some substantial benefit to the people of Saint Christopher and Nevis can apply to the Board of Governors to be designated as an Approved Public Benefactor.

 

They can then apply for their projects to be designated as Approved Public Benefit Projects qualified for sale under this CBI Option.

 

Approved Public Benefit Projects designated by the CIU can not only maximise local employment, but also make it possible to embark upon projects including transfer of technology and capacity building.

 

Under the public benefit option, each main applicant is required to make a minimum contribution - US$250,000 in a unit of an approved project, to be paid to the unit.

 

Additional Government fees

 

Due Diligence fees apply for all CBI applications, main applicant - USD 10,000, each dependant aged 16 or over - USD 7,500

 

Agent fees:

 

Single applicant or a family up to four: US$ 30,000

 

Note: Additional costs apply for dependents and family members and vary with the age of a person. Please contact us for a detailed quote and our fees

 

You will find more information on the official website of the Citizenship by Investment Programme

 

 

Qualifying property:

 

  • All homes having an appraised value of more than USD 400,000.00
  • The property shall be owned by certificate of title, by the vendor
  • The value of the land shall not be included in determining the value of the home
  • A single-family home shall be sold as one unit and shall not be converted to apartments or condominiums or otherwise divided for sale under the Citizenship by Investment Programme
  • An apartment building or more than one apartment building on the same piece of land shall be sold as one unit and shall not be divided
  • The use of shares is prohibited

 

Process time:

 

Within 120 - 180 days of acknowledgment from the Citizenship by Investment Unit (CIU) of submission of a CBI application, the CIU will advise whether an application is:

  • Approved-in-principle;
  • Denied; or
  • Delayed for cause and is still being processed. Applicants will be kept appraised of the status of their applications through their Authorised Agent.

 

Documents required:

 

  1. Police clearance certificate. If you have lived in any other country in the past ten years, you have to obtain, “certificate of no criminal record” in all the countries you have lived in the past ten years. If you are in the US, you will need to obtain police clearance from the county and the FBI. Please note that police certificates must not be older than six months at the time you lodge your citizenship application.
  2. Original birth certificate per person.
  3. Documents which are not in English must be officially translated
  4. Medical certificate with HIV clearance (not older than three months)
  5. Certified copy of marriage certificate
  6. Two reference letters from bankers, lawyers or chartered accountant (not older than three months)
  7. Six photographs approximately 35x45mm in size, taken within the past six month
  8. Each main applicant is required to attend an interview conducted by an independent professional firm commissioned by the Unit or by officials of the Unit either virtually, in person in St Kitts and Nevis or in person at such other location approved by the Board of Governors of the CIU. Dependants aged 16 or over may if deemed necessary also be required to attend an interview.

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•Saint Kitts and Nevis
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