On November 1, 2022, a two-year offer to purchase a private home (residential building) worth at least $400,000 (an appraised value) for the Citizenship of St. Kitts and Nevis by investment program expired. This option was presented exclusively for obtaining citizenship of St. Kitts in the entire Caribbean region. This program was and remains a pioneer considering requirements and terms.
Citizenship of St. Kitts and Nevis by Investment program even has an option officially called “Alternative investment» (valid since 1st of January 2022) which allows for government-approved public infrastructure projects to be constructed by private sector developers – and at their expense – in exchange for a portion of CIP investment. Most importantly, this solution means that neither the government nor the people of St. Kitts and Nevis pay for new state infrastructure but benefit from its construction. Applicant may invest in socially significant infrastructure project as a non-refundable investment. Basically, this is an offer for a family of 2-4 people. It would take USD 175,000 while investment in a government fund is USD $195,000.
The Alternative Investment Option brings significant revenue to the Government’s Consolidated Fund, increasing the financial capacity of St. Kitts and Nevis to invest in roads, housing, healthcare, poverty alleviation, education and other social programs for the benefit of Kittitians and Nevisians.
Meanwhile investors may choose more classic options if they wish so. Like Contribution to a government fund. Single applicant USD $150,000, spouse USD $25,000, dependents USD $10,000each, donation to the Sustainable Growth Fund. That is the best offer for single applicants.
Buying share in a hotel is also a classic offer for CIPs of the Caribbean region. According the requirements investor may choose from the list of pre-approved real estate development and pay USD $200,000 (minimum) plus government fees. Take a note that sum depends on the time of must hold. The minimum real estate investment required by law is USD $200,000 (resalable after 7 years) or USD $400,000 (resalable after 5 years) for each main applicant.
Citizenship of St. Kitts and Nevis may be obtained via the Accelerated Application Process (AAP), approved by the Government of St. Kitts and Nevis in October 2016, allows applications for the Citizenship by Investment Program to be accelerated to a 60-day processing period. And that offer is St. Kitts only – no other Caribbean CIP has that.
Applicants applying to Citizenship of St. Kitts and Nevis by Investment program and utilizing the AAP will still be required to meet all mandatory criteria and submit the necessary supporting AAP Process Fees (inclusive of due diligence fees). Main Applicant – US$25,000, dependent above 16 years – US$20,000.
Citizenship of St. Kitts and Nevis: benefits
Saint Kitts and Nevis was the first country to introduce a Citizenship by Investment Program in 1984, facilitating the second citizenship opportunities for individuals from around the world. Today, a St. Kitts and Nevis passport is considered one of the top 25 passports in the world, delivering freedom of travel.
Citizenship of St. Kitts and Nevis gives the opportunity for a visa-free travel to more than 130 countries, including the UK and the Schengen area. Those pursuing the Citizenship by Investment Program in St. Kitts and Nevis are also eligible to apply for a 10-year visa for the US, facilitating business immigration.