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Saint Kitts & Nevis Investor Citizenship Government Policy

Saint Kitts & Nevis Investor Citizenship

Saint Kitts & Nevis Investor Citizenship

Saint Kitts & Nevis Investor Citizenship

The Citizenship-by-Investment Program in St. Kitts and Nevis was established in 1984. The Saint Kitts & Nevis Investor Citizenship Program is currently the oldest such program in the world.

The Saint Kitts & Nevis Investor Citizenship Unit follows rigid investment requirements and conducts meticulous due diligence in order to attract investor citizens of good character.

Saint Kitts & Nevis Citizenship by Investment is available under two different options for investors above the age of 18 years:

  1. Investment in Real Estate
  2. Investment in the Sugar Industry Diversification Foundation.

Investment in Real Estate

The investor must invest at least US $400,000 in designated real estate.  In case of a joint investment, each investor should contribute the minimum amount required.

Designated real estate is approved on an ongoing basis after an application by the Developer and a comprehensive review by the Government. The final decision is made by government Cabinet.

The investor will also have to bear other costs associated with the purchase of real estate such as compulsory insurance fund contributions, conveyance fees, and other charges of approximately 4% to 5% of the purchase price.

Upon approval in principle of an application for real estate investment, the following fees are payable to the Government of St. Kitts and Nevis:

Main Applicant  US$ 50,047.00
Spouse  US$ 25,047.00
Each child of main applicant under the age of 18 US$ 25,047.00
Each qualified dependent of main applicant abovethe age of 18 (other than spouse) US$ 50,047.00

**Children aged above 18 years but under age 25 may be considered a dependent if fully supported by their parents and studying full time in a recognized educational institution.

Investment in the Sugar Industry Diversification Foundation

The SIDF (The Sugar Industry Diversification Foundation) is a public charity that is audited by PricewaterhouseCoopers. The investor has four different options.

Category Contribution
Single Applicant US$ 250,000
Applicant with a spouse and two children below 18 years
(up to three family members)
US$ 300,000
Applicant with a spouse and four children below 18 years
(up to five family members)
US$ 350,000
Applicant with up to seven family members US$ 450,000.
Over and above the seven dependents,unmarried dependent children aged above 18 years and
below 25 years can be included at additional fee of
US$ 50,000.

The contribution includes all government fees except for due diligence fees.

Due Diligence Fees, Background Check Fees, and Processing Fees

Main Applicant     US$7,500.00
Dependents above 16 years  US$ 4,000.00

Permitted Dependents

  • Spouse of the main applicant
  • Child of the main applicant or or child of the applicant’s spouse  who is
    •  Under the age of 18 years or
    •  Between 18 and 25 years, enrolled in full time attendance at a recognized educational institution and fully supported by the main applicant or
    • Above the age of 18 years and physically or mentally challenged.
  • Parents or grandparents of the main applicant or his spouse who are
    • Above the age of 65 years and
    • Living with the applicant, and
    • Fully supported by, the main applicant.

Saint Kitts & Nevis Investor Citizenship: Processing Time and Required Documents

 

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