St. Kitts and Nevis Citizenship by Investment
Background and Legal Framework
Established in 1984, the St. Kitts and Nevis Citizenship by Investment Program is the world’s oldest and most respected citizenship by investment initiative. The program is anchored in Part II, § 3 (5) of the Citizenship Act, 1984, and the Saint Christopher and Nevis Citizenship by Investment Regulations, 2011. These legal provisions empower the government to grant citizenship to individuals meeting the criteria set by cabinet decisions in exchange for economic contributions to the country.
Benefits of St. Kitts and Nevis Citizenship by Investment
- Lifetime Citizenship: Successful applicants and their families receive full citizenship for life, which can be passed down to future generations.
- Descent Eligibility: Citizenship can be inherited by descendants.
- Family Inclusion: The program allows for the inclusion of a spouse, children under 26, and parents aged 65 and over, with options to add dependents after initial citizenship.
- Commonwealth Privileges: Citizens benefit from certain rights and privileges within the UK and other Commonwealth countries.
- Desirable Location: The dual-island nation offers attractive real estate opportunities with good air connectivity to Europe and North America.
- Dual Citizenship: St. Kitts and Nevis permits dual citizenship.
- No Minimum Stay Requirement: There is no mandatory minimum stay to maintain citizenship.
Investment Requirements
Applicants must choose from one of the following options to qualify for citizenship:
- Sustainable Island State Contribution (SISC):
- Contribution of USD 250,000 for the main applicant and up to three dependents.
- USD 50,000 for each additional qualifying dependent over 18.
- USD 25,000 for each additional qualifying dependent under 18.
- Approved Public Benefit Project:
- Minimum non-refundable contribution of USD 250,000 to a public benefit project.
- Real Estate Acquisition:
- Minimum investment of USD 400,000 in approved real estate development.
- USD 800,000 for a single-family private dwelling.
- Real estate purchased under this option can be resold after seven years under specific conditions.
Application Process and Timeline
- Application Processing: Managed by the St. Kitts and Nevis Citizenship by Investment Unit (CIU), which conducts thorough background checks and requires a mandatory interview (virtual or in-person).
- Timeline: The application process generally takes between six to twelve months. The time frame for the real estate option may vary based on the development project chosen.
- Certificate of Registration: Upon approval, applicants receive a Certificate of Registration, which can be collected in person or through an embassy/consulate. This certificate grants citizenship and allows for passport application.
Fees and Costs
- Service Fees: Compass Services Ltd charges varying fees based on the application type and number of individuals included. Full fees are paid into an escrow account before the application is submitted.
Dual Citizenship
- Permitted: St. Kitts and Nevis allows dual citizenship without restrictions.
Frequently Asked Questions (FAQ)
What is the St. Kitts and Nevis Citizenship by Investment Program?
The St. Kitts and Nevis Citizenship by Investment Program allows individuals and their families to obtain citizenship through substantial economic contributions to the country.
What types of investment options available for the St. Kitts and Nevis Citizenship by Investment Program?
Investment options include:
- Contribution (non refundable) to the Sustainable Island State Contribution (SISC) or an approved public benefit project.
- Real estate purchase from any approved development.
What are the advantages of acquiring St. Kitts and Nevis citizenship through investment?
Benefits include:
- Visa-free or visa-on-arrival access to over 150 countries.
- The right to live, work, and study anywhere in St. Kitts and Nevis.
Access to a tropical climate and stunning natural landscapes.
What is the investment requirement for the St. Kitts and Nevis Citizenship by Investment Program?
The minimum investment starts at USD 250,000 for a contribution to the Sustainable Island State Contribution.
How long does the application process take?
The processing time is typically between six to twelve months.
Is it possible to include family members in the application?
Yes, that’s correct. Under the Malta Citizenship by Naturalisation Program, the main applicant can include:
- Spouse: The applicant’s partner.
- Dependent Children: Children who are financially dependent on the main applicant and are in full-time education.
- Dependent Parents: Parents who are financially dependent on the main applicant.
What are the residency requirements?
Though there is no mandatory residence requirement, applicants are encouraged to visit St. Kitts and Nevis.
What are the required documents for St. Kitts and Nevis Citizenship by Investment Program application?
Required documents include:
- A valid passport.
- Proof of investment.
- Health insurance.
- A clean criminal record.
- Other supporting documents as required.
How to apply to the St. Kitts and Nevis Citizenship by Investment Program?
Applicants must:
- Select a qualifying investment option.
- Submit an application with the required documents.
- Undergo a due diligence process.