Citizenship Investment in
St. Kitts and Nevis
Several countries have adopted programs which allow the acquisition of citizenship on the basis of an investment and/or a direct contribution to the state as a means of development of the country.
Background and Legal Considerations
The Citizenship Program of St. Kitts and Nevis was established in 1984 and requires applicants to make an economic contribution to the country. In exchange, they and their families are granted full citizenship.
To qualify for citizenship, the applicant must make either an investment of at least USD 400,000 in one of the approved real-estate developments in addition to paying government fees, other fees and taxes, or alternatively making a contribution to the Sugar Industry Diversification Foundation (SIDF, a public charity) starting from USD 250,000 (for a single applicant). However, this includes all government fees.
Requirements and Procedures
To qualify for St. Kitts and Nevis citizenship under the real estate option, the government requires applicants to make an investment in designated, officially approved real estate with a value of at least USD 400,000 plus the payment of government fees and other fees and taxes. As the application procedure under this option involves the purchase of real estate, this can lengthen the processing time depending on the chosen property. The real estate cannot be re-sold until 5 years after the purchase, but since introducing new regulations in 2012 the next buyer may also qualify for citizenship. A list of approved real-estate developments is published on the website of the Citizenship-by-Investment Unit of the Government of St. Kitts and Nevis.
Acquisition of citizenship under the SIDF option requires a contribution to the Sugar Industry Diversification Foundation. The SIDF option has been designed and implemented by the Government of St. Kitts and Nevis and has since become a significant contributor to the economic and social development of the country. The contribution is in the form of a one-time payment, and there are four different categories:
A. Single applicants, who have to make a USD 250,000 non-refundable contribution, due diligence fee of USD 7,500
B. Applicants with up to three dependants (i.e. one spouse and two children below the age of 18): USD 300,000 contribution
C. Applicant with up to five dependants (i.e. one spouse and four children): USD 350,000
D. Applicant with up to seven dependants: USD 450,000
E. Additional contribution for each dependant above seven: USD 50,000, due diligence fees of USD 4,000 per dependant aged 16 or older.
Fees and Costs
Henley & Partners charges different fees depending on the case and the number of persons included in an application, and also depending on whether the real-estate or SIDF option is chosen. The full agreed fee (less any retainer paid initially) is paid into an escrow account in advance and is paid out when citizenship is granted.
Please enquire for further information on what fees would apply in your case.
Citizens of St. Kitts and Nevis are allowed to hold dual citizenship, and the acquisition of citizenship is not reported to other countries.
When you acquire citizenship under the St. Kitts and Nevis citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.
As citizens of St. Kitts and Nevis, you and your family are issued with passports which allow visa-free travel to more than 120 countries and territories worldwide, including all of the EU.
Of course you have the right to take up residence in St. Kitts and Nevis as well as in most of the CARICOM member countries at any time and for any length of time. You are not liable for taxation, even if you decide to reside in St. Kitts and Nevis, as there are no direct personal taxes whatsoever.
How do I proceed?
Contact us today! If you are interested in one of our Citizenship by Investment programs and would like more information, please fill out our questionnaire form here.
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