VISA FREE COUNTRIES
East Caribean Dollar
St. Kitts & Nevis
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 longest established Citizenship-by-Investment Program in the world.
The program grants citizenship through real estate investment to qualified applicants. The government requires investment of $400,000 USD plus related government and due diligence fees. The investment must be in designated real estate projects and the investment can be sold after five years. Saint Kitts and Nevis has no tax on overseas income or capital and a second citizenship may complement existing tax planning and wealth protection strategies.
Citizens of St. Kitts & Nevis enjoy visa free travel to over 127 countries including the 27 EU Schengen visa zone, the UK, Ireland, Switzerland and Canada. The St. Kitts program is ideal for investors needing a second passport for travel and ease of access to many countries. Investment must be in designated real estate projects.
- Investment of $400,000 USD in real estate (or $250,000 USD SIDF donation)
- Applicant fee $30,000, Spouse $5,000, Children $2,500. (all USD)
- Government processing fees of $50,000 per person (under 18, $25,000)
- Due diligence fees per person: $7,500, $2,000 children, $4,000 age 18-25
- Citizenship and second passport
- Visa free travel to EU Schengen, UK, Canada
- Right to reside on the island
- Tax free
- No visit required
This beautiful two-island nation is blessed with tropical temperatures, clear blue waters and a bustling trade and tourism economy. It is well connected by direct flights to and from Europe and the U.S., and offers residents and citizens sought-after advantages such as dual citizenship and tax-free worldwide income. As one of the longest-established programs of its kind, the St. Kitts & Nevis Citizenship-by-Investment Program offers applicants a host of unique benefits including:
- Fast processing within four months
- Inclusion of dependent children under 25 years, and dependent parents or grandparents over 65 years
- No physical residency requirements
- No requirement to travel to St. Kitts & Nevis during the application process
- No interview, education or management experience required
- St. Kitts & Nevis recognizes dual citizenship, so you can still benefit from your current citizenship
- Be of outstanding character
- Hold no criminal record
- Have excellent health
- Have a high personal net worth
- Make an investment in a government-approved real estate development, or make a monetary contribution to the Sugar Industry Diversification Foundation
1. Sugar Industry Diversification Foundation (SIDF) contribution
The following contribution requirements must be met:
US$250,000: Single applicant
US$300,000: Family with up to 3 dependents (spouse + 2 children under 18 years)
US$350,000: Family with up to 5 dependents (spouse + 4 children under 18 years)
US$450,000: Family with up to 7 dependents (spouse + 6 children under 18 years)
US$50,000: Additional per person above 7 dependents
US$75,000: Dependents over 18 years old
US$4,000: Due diligence for each dependent over 16 years
2. Real Estate Investment
The property purchase must equal a minimum of US$400,000 invested in government-approved shares in a real estate development. The investment must be maintained for a minimum of 5 years; investors may also be required to pay additional taxes and fees.
Quality Of Life
St. Kitts & Nevis has been independent since 1983 and forms part of Lesser Antilles a group of islands located 2,000 km to the southeast of Miami. The Federation comprises two islands Nevis and St Kitts and the truly appropriate slogan of the local tourism authority is: Two islands - one paradise.
The country's reputation is untouched, St Kitts & Nevis is part of the Commonwealth; the Head of State is the Queen of England and is a well-functioning democracy based on the British parliamentary system.
Conveniently positioned for business people, the official and business language is English. The Federation is a member of the United Nations (UN), the British Commonwealth, of the Organization of American States (OAS), Caricom and various other international organizations.
The Eastern Caribbean Central Bank has its headquarters on St. Kitts. It maintains the stability of the Eastern Caribbean Dollar (EC$), the national currency of most Eastern Caribbean countries, which is pegged to the US dollar.
St. Kitts Geographical Location
St. Kitts & Nevis are located in the northern part of the Leeward Islands in the eastern Caribbean separated by a channel two miles wide. St. Kitts is 23 miles long and 5 miles wide, encompassing an area of 68 square miles. The island's point of highest elevation is Mt. Liamuiga, at 3,792 feet. Nevis is located to the south and is approximately 7 miles in diameter, covering a total of 36 square miles.
St Kitts and Nevis is conveniently positioned for business people the official and business language is English and its national currency is pegged to the US dollar.
One of the most attractive features of St Kitts and Nevis is its generous tax regime: you are not liable for Wealth, Gift, Inheritance, Foreign Income or Capital Gains Tax. There is no Personal Income tax, no restriction on the repatriation of profits and imported capital, Tax holidays for certain qualified investment projects and generous incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance.
It also represents a huge business opportunity having signed a Free Trade agreement with Canada, therefore no taxes are paid for goods manufactured in the island and exported to the Canadian market.
In addition to this as a citizen of the Caribbean Community you enjoy duty free trading in 15 countries in the region.
The fact that St Kitts and Nevis is the most reputable option to obtain a second Citizenship-via-Investment it has attracted substantial foreign capital into the country. This fact has lifted and maintained the stability of the property industry positioning St Kitts as a prime investment destination, a sound investment in its own right. Developments such as The Four Seasons, The Marriott, and upcoming projects such as The Mandarin Hotel and Residences located at Christophe Harbour, have placed St Kitts on the jet-setters' radar.
St. Kitts is the home of the Eastern Caribbean Central Bank and the Eastern Caribbean Stock Exchange, which are two important pillars of the Regional Financial Sector and is one of the more recent international financial centers to emerge in the world.
St. Kitts is one of the most sought-after tourism destinations in the Caribbean region, with stay over visitor arrival averaging an increase of 13.4 percent over the past five years. This upturn in visitor arrival is expected to continue well into the future with the anticipated completion of the renowned Christophe Harbour development. Tourism being the most important growth sector offers first-class investment opportunities to foreign investors to participate in the expansion of tourist facilities. Manufacturing: St Kitts and Nevis offers good opportunities for the labour-intensive manufacture of goods for export to the European Community, Canada and the United States which allow reductions or exemption in import duties on certain goods manufactured in the island. The government supports new industries through substantial tax breaks offered to new investors.
In the past the main industry of St Kitts and Nevis was the Sugar Cane. Nowadays the island presents good potential for the introduction of new high value crops which are suitable for tropical conditions. Investors in this sector of the economy are able to take advantage of regional trade agreements derived from St. Kitts' membership in CARICOM and the OECS to gain access to wider markets.
The citizenship program of St. Kitts & Nevis requires making an economic contribution to the country. In exchange, the applicants and their families are granted full citizenship. Citizenship can be obtained through the purchase of Real Estate or a financial contribution to the Sugar Industry Diversification Foundation (SIDF).
The investment property must be from one of the real-estate developments which have been pre-approved by the Government. New regulations passed on the 1st of January 2012 establish that the property may be eligible for use in a subsequent Citizenship via Investment application. The property must be held for 5 years before it can be sold.
- USD 250,000 for single applicant; or
- USD 300,000 for applicant with up to three dependents (i.e. one spouse and two children below the age of 18); or
- USD 350,000 for applicant with up to five dependents (i.e. one spouse and four children); or
- USD 450,000 for applicant with six or more dependents
- USD 50,000 must be paid for each unmarried dependent above the age of 18 (children between 18-25 and elderly parents)
Background Checks Fees
- USD 7,500 for Main Applicant
- USD 4,000 per dependent (above 16 years old)
Fees for background checks are additional from the total financial contribution to the SIDF upon Citizenship approval.
Citizenship can be obtained via the purchase of a property for a minimum investment of USD 400,000 in a Government approved project. An initial deposit of approximately USD 15,000 or 10% (depending on the developer) is payable upon reservation of the property and the balance is payable once Citizenship is approved. In order to obtain the Citizenship the applicant must obtain the title deed of the property. In the event the Citizenship is rejected the initial deposit is fully refundable.
Further minor fees such as Official Government Citizenship Application Form, Citizenship Certificate and expedite passport fees are additional and subject to change.
- USD 50,000 main applicant (male or female);
- USD 25,000 for spouse;
- USD 25,000 for each child under 18 years of age
- USD 50,000 for each unmarried dependent above the age 18 (children between 18 - 25 and elderly parents)
Background Checks Fees
- USD 7,500 for Main Applicant
- USD 4,000 per Dependent (above 16 years old)