St Kitts and Nevis Citizenship by Investment

St Kitts and Nevis Citizenship by Investment

avnishchaturvedi860
14 September 2022

As a means of fostering national development, several nations, including St. Kitts and Nevis, have implemented policies that permit the acquisition of citizenship in exchange for financial or direct contributions to the government.

St Kitts and Nevis citizenship scheme, which was founded in 1984, demands that applicants contribute financially to the nation. In return, they receive full citizenship for themselves and their families.

Advantages of the Citizenship Programs

  • Once you become a citizen through St Kitts and Nevis citizenship programme, you and your family are entitled to full citizenship for life, which can be passed down the descendant line. Visa-free or visa-on-arrival travel is possible to 157 countries with a St. Kitts and Nevis passport, including the Schengen Area of Europe, Russia, Singapore, Hong Kong and the United Kingdom. 
  • Future generations will have access to citizenship through descent.
  • In addition to adding dependents after receiving citizenship, applicants may include a spouse, children under the age of 31, parents, grandparents above the age of 55, and dependent unmarried siblings under the age of 31 who are not parents.
  • Being a member of the Commonwealth entitles St. Kitts and Nevis to numerous benefits in the UK and other Commonwealth nations. 
  • With convenient flight connections to Europe and North America, St. Kitts and Nevis are desirable destinations for second property ownership.
  • The country allows dual citizenship.
  • No minimum stay is required.

Investment requirements for citizenship in Kitts and Nevis

Candidates for St Kitts and Nevis citizenship by Investment Program must significantly boost the nation’s economy. In return, the applicants and their families are given full citizenship, subject to a rigorous application process that includes extensive background checks.

The primary candidate must be over 18 years of age to satisfy the application requirements and choose one of the following alternatives in order to be eligible for citizenship:

  • A single applicant’s non-refundable deposit of USD 150,000 to the Sustainable Growth Fund. 
  • For a spouse, each sibling, and any other eligible dependent, an extra USD 20,000, USD 10,000, and USD 25,000, respectively, are applicable.
  • A single applicant or family of a maximum of four people may contribute USD 175,000 to the Alternative Investment Option without a refund. Each sibling receives an additional USD 20,000, and any other qualifying dependent receives an additional USD 10,000.
  • The acquisition of real estate from an authorized real estate development with a minimum value of USD 200,000 (resalable after seven years) or USD 400,000 (resalable after five years).
  • Applicants are allowed to hold dual citizenship.

Procedures and Timeline

Each application is processed by St Kitts and Nevis citizenship by the Investment Unit (CIU). Additionally, there is an expedited application procedure that can be completed in 45 to 60 days. 

The CIU carefully reviews each application and may ask the candidate to appear for an interview; however, this is rarely required. The CIU conducts stringent due diligence investigations and will reject an application if the applicant provides misleading information or omits any crucial details. The specified government paperwork, which can only be obtained from an approved service provider, must be manually filled out by the applicant. 

The program’s documentary requirements are acceptable, and the steps are simple. However, it is not compulsory for the application procedure, which typically takes between three and four months starting from the date, the application is submitted to the CIU for approval. The majority of candidates will often travel to the islands before deciding whether to buy real estate.

The requirement for the real estate option may change based on the development, so it’s critical to pick a real estate venture that effectively compliments the citizenship application.

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