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VISA FREE OR VISA ON ARRIVAL COUNTRIES

136

POPULATION

56,561

GDP PER CAPITA

USD 23,500


LOCATION

Caribbean Island

CAPITAL

Basseterre

LANGUAGE

English

RELIGION

Anglicans

GOVERNMENT TYPE

Parliamentary Democracy

CURRENCY

East Caribbean Dollar


RELATED DOCUMENT

Program Brochure

 

 

St. Kitts & Nevis

 

Overview

 

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 110 countries including the 26 EU Schengen visa zone, the UK, Ireland, Switzerland. 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. 
 

Key Facts

 

 

Benefits

 

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:
 

 

Applicant Requirements

 

 

Investment Options


 
1. Sugar Industry Diversification Foundation (SIDF) contribution
 

The following contribution requirements must be met:

 

 
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.
 

 

Business Opportunities


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.

 

Tax Regime


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.

In addition to this as a citizen of the Caribbean Community you enjoy duty free trading in 15 countries in the region.

 

Real Estate


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.

 

Financial Services

 

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.

 

Tourism

 

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.

 

Agriculture

 

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.
 

 

Fees


 
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.

 

Application Fees (Sugar Industry Diversification Foundation Contribution)

 

Unmarried dependent children who are older than 18 but younger than 30 can also be included in the application. Similarly, dependent parents aged 55 or above may also be included.
The SIDF option is the most straightforward means of obtaining citizenship in St Kitts and Nevis.

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.

 

Application Fees (Real estate investment)

Further minor fees such as Official Government Citizenship Application Form, Citizenship Certificate and expedite passport fees are additional and subject to change.

 

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Program brochure for St Kitts & Nevis
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