The St. Kitts & Nevis (St. Christopher & Nevis) Citizenship by Investment Program was established in 1984 under the regulations of the 1984 Citizenship Act, Part II, Section 3 (5), which makes it the oldest citizenship by investment program in the world.View Agents
Mobility : Visa-free access to 151 countries
Minimum Capital Outlay : $ 158,100
Application Processing Time : ~ 4 Months
Physical Presence : Recommended
Minimum Criteria : Choice of Contribution or Real Estate
Pre-requisites : Main applicant must be at least 18 years of age;
The two-island nation of St. Kitts and Nevis is located about 2,000 km to the southeast of Miami. It has a combined population of circa 55,000 and the capital is Basseterre in St. Kitts. The official language is English, whilst St. Kitts creole, is also spoken. The East Caribbean Dollar is the official currency of St. Kitts and Nevis. The Government of St. Kitts is a parliament democracy within the Commonwealth of Nations. Her Majesty, Queen Elizabeth II, is the head of the Federation and is represented on St. Kitts by a Governor-General.
St. Kitts and Nevis have a first-rate infrastructure, including an international airport, deep water port and ferry terminal. Furthermore, the nation boasts favourable business tax concessions, flexible and friendly legislations, solid privacy laws and a qualified workforce. The islands' labour pool of highly trainable workers also includes professionals with expertise in asset management and protection, finance, taxation, banking, law and accountancy thus providing excellent support to fast paced businesses. The legal system is based upon English Common Law and is served by the multi-state Eastern Caribbean Supreme Court comprising of the High Court of Justice, and a Court of Appeal. Her Majesty’s Privy Council in London serves as the final appellant court.
Benefits of the St. Kitts and Nevis Citizenship By Investment Program
The St. Kitts and Nevis Citizenship By Investment Program grants access to visa free travel to approximately 151 countries, including Hong Kong, Singapore, the U.K. and the countries of the Schengen area.
In addition to fulfilling one of two economic contributions, main applicants and their dependants must have clean personal backgrounds. Applicants will be denied citizenship if they have been denied a visa to a country that has a visa-free travel arrangement with St. Kitts and Nevis, is identified as a potential national security risk, a reputational risk or is subject to a criminal investigation.
In St. Kitts & Nevis tourism plays a smaller role than on other Caribbean islands, however it is one of the more important growth sectors and therefore, offers good investment opportunities. The manufacturing of goods for export to the United States and the European Community is another noticeable industry. The ‘Two-Island Paradise’ has a well-educated and honest workforce. The financial services industry of St. Kitts and Nevis continues to be developed guided by new legislation passed for trust and corporate services providers.
To apply for St. Kitts and Nevis citizenship through the CIP one of the following commitments is required:
Government-related due diligence fees are set at USD 7,500 for a single main applicant and an additional USD 4,000 for each dependent who is over 16 years of age. Passport fees of USD 355 and application fees of USD 250 are also applicable. Furthermore, if an applicant opts for the real investment route, additional government fees of USD 35,050 for the main applicant, USD 20,050 for a spouse, and USD 10,050 for any other qualified dependent apply.
If opting for the real estate route, one needs to also take into consideration expenses such as insurance fund contributions and conveyance fees, which may vary.
This means that the total capital outlay for a single applicant, through the contribution would amount to approximately USD 158,105 and a minimum of USD 243,155 if opting for the real estate investment route with resale after 7 years. This excludes any statutory taxes and service providers’ professional fees.
The Application Process
The application process typically commences with the signing of a client agreement and a power of attorney with a service provider. This facilitates the liaison with the different stakeholders. All the application forms and necessary documentation as provided by your authorised agent, will be completed at this stage.
The government may ask for further documentation other than what has already been submitted. This is due to the stringent due diligence process. Once the citizenship application is reviewed and assessed a letter of approval in principal is issued.
Upon approval government fees and necessary investments are made. Your Antigua and Barbuda passport will be available as the final stage. An accelerated 60-day application process is also available upon request.