St. Kitts & Nevis Citizenship by Investment

St. Kitts & Nevis Citizenship by Investment

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St. Kitts & Nevis Citizenship by Investment

The world today is like a global village due to quick communications among nations. Beliefs and life in communities is changed and it is possible to be citizen in anywhere in the world .along with the politics and economy continuation to change regional facts the needs for move ,accessibility and long lasting peace increases.one the best ways for those looking for another citizenship  is investment through citizenship .

The best place to invest based on investment program is St. Kitts and Nevis which were founded in 1984; the program has been working for a long time. The passport gives you the advantages of travelling to 125 countries including European Union without visa.

By investing on well real estate plans, applicants could increase the range of stability for themselves and their family as well

Helping the development of country fund, Kitts and Nevis, sugar industry

There would be no physical presence need for you and your family as a St. Kitts citizen; you do not have to leave your current nationality, no tax on health, inheritance, foreign salary and capital revenues. Mentioned elements has cause this country to be one of the best locations in the world

LOCATION
Caribbean island between the Caribbean Sea & North Atlantic Ocean

CAPITAL
Basseterre

DIFFERENCE
UTC-4

TOTAL AREA
261 sq. km.

GOVERNMENT TYPE
Federal parliamentary democracy (National Assembly) under a constitutional monarchy and Commonwealth realm

LANGUAGE
English (official)

CURRENCY
East Caribbean dollars (XCD)

EXCHANGE RATE
1 USD = 2.7 XCD

St. Kitts & Nevis Citizenship by Investment

52,329
Population Growth: 0.75%

25,500 USD
GDP (per capita)
GDP (purchasing power parity)
1.427 billion USD

139
Visa free countries

SUGAR INDUSTRY DIVERSIFICATION FOUNDATION (SIDF) CONTRIBUTION

Applicants may qualify for citizenship through a contribution to the Sugar Industry Diversification Foundation (SIDF). The SIDF is a public charity tasked with diversifying St Kitts and Nevis’ economy.

  • Single applicant: a non-refundable contribution of US$250,000 is required
  • Main applicant with up to three dependents (for example, a spouse and two children): a non-refundable contribution of US$300,000 is required
  • Additional dependents, regardless of Age: US$25,000

Upon submission of an application, non-refundable due diligence and processing fees must be also paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main application who is over the age of 16 years.

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.

REAL ESTATE INVESTMENT

Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is US$400,000 for each main applicant.

Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main applicant who is over the age of 16 years.

On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:

  • Main applicant: US$50,047
  • Spouse of the main applicant: US$25,047
  • Dependent child of the main applicant under 18 years of age: US$25,047
  • Dependent child of the main applicant above the age of 18 years or dependent parent aged 55 and above: US$50,047

In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).

Who Can Apply

Following requirements are necessary for anyone who wants to submit an application to citizenship based on investing plan:

  • Minimum 18 years of old.
  • Meet the least possible investment requirement
  • Delivering facts and data of the suggested suitable investment
  • Being confirmed of hardworking history.
  • Qualified dependents must be upper than 16 years of old
  • To be sincere and honest in related to application
  • Settlement of all necessary government fees.

Application Process

The same as Saint Lucia’s citizenship by investment program

St.Kitts and Nevis stages investment application process are as follows:

  • Arranging the documents and filling the form of application
  • To submit the applied request and prepare the backup documents
  • Waiting for governmental investigation of the application and the due diligence check (up to two months)
  • Application being confirmed by the government
  • Investing on real estate or help National Transformation Fund (SIDF)
  • Certificate of citizenship is issued
  • Applying for passport issuance

Ever since the application is submitted to the government of St. Kitts the period of receiving citizenship may take up to 5 month

Benefits

  • No need to get visa for all EU Schengen regions such as Switzerland, UK and Ireland
  • Inclusion of dependent children under 30 and dependent parents or grandparents over 55.
  • Addition of dependent children under 16, born after citizenship has been granted, to be processed by the Ministry of National Security.
  • No physical presence and travel to St. Kitts needed
  • No salary and wealth tax needed
  • Lifetime citizenship
  • Getting passport and citizenship for the family very simple
  • Sense of relaxation and privacy in a calm country
  • Advantages of double citizenship
  • No travel need

Application Fees

The following fees have been prescribed under the Citizenship by Investment Regulations of 1984.

Non-refundable processing fees

Principal applicant: US $0
Each qualifying dependent: US $0

Due diligence fees

Principal applicant: US $7,500
Each qualifying dependent (Over 16 years of age): US $4,000

Non-refundable administration fees

(applicable for government bonds and approved real estate or enterprise project investment)
Per bond application: US $50,000

Approved real estate or enterprise project investment

Principal applicant: US $50,000
Each qualifying dependent: US $50,000 (18 years of age and over)
Each qualifying dependent: US $25,000 (under 18 years of age)

Why St. Kitts & Nevis

The national anthem of the Federation of Saint Christopher and Nevis is entitled, “Oh Land of Beauty,” an apt ode to this pair of volcanic islands whose intoxicating tropical weather is tempered by a constant Caribbean sea winds. These strategically situated 261 square kilometers of prime West Indies beaches and mountains host a roughly population of simply 53,000. St. Kitts & Nevis maintains a outstanding literacy rate of over 98%, and the official language is English. The Eastern Caribbean Dollar (XCD) funds the tourism- and agriculture-based economy.

Visa Free Travel

Successful applicants can take advantages of visa-free visit to more than 139 countries, as listed below. It should be noted that visa-free travel to the countries listed below are subject to change. It is firmly advisable that the related Government authorities and agencies are contacted prior to travel coordination made.

St. Kitts & Nevis Citizenship by Investment

StKitts&NevisPassport

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