St. Kitts and Nevis PASSPORT
St. Kitts and Nevis was the first country to introduce a Citizenship by Investment Program in 1984, facilitating 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.
A St. Kitts and Nevis passport 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.
The government of St. Kitts and Nevis has also introduced legislation designed to attract financial services businesses through its Citizenship by Investment Program, expanding real estate investment opportunities that enable more global businesspersons to obtain a second passport.
A few real estate options for the St. Kitts and Nevis second citizenship are: Ocean Grove Villas, Windswept Residence Club, Embassy Suites by Hilton, Four Seasons Nevis, Pinney’s Beach Villas, Park Hyatt St. Kitts and Christophe Harbour.
St. Kitts and Nevis passport holders are presented with some unique business opportunities, especially for digital nomads. Internet banks are very popular here, with the country holding the title for online banks from 2011-2013.
Entrepreneurs looking to gain St. Kitts and Nevis citizenship may look to the emerging industries of machinery, food, electronics, beverages and tobacco.
Education in St. Kitts and Nevis is free and compulsory from ages 5 to 12. Despite 12 being a young age for children to be allowed to quit school, the country still has a 91% high school enrollment rate.
Higher education is led by one main tertiary school — The Clarence Fitzroy Bryant College. Those with St. Kitts and Nevis citizenship can pursue careers in arts & sciences, health and wellness, teacher education and management studies.
Housing and Real Estate
The real estate industry is booming in St. Kitts and Nevis, motivating them to build a private jet airport for the wealthy who are buying second homes on the beautiful island. This boost of income has even allowed the government to greatly enhance housing conditions for the general population.
For investors, condos and homes run at an average cost of about $575,000, but rental yield is quite low at 5.11%.
Health Care System
St. Kitts is a relatively small country, but it has four developed hospitals and 17 health clinics across its two islands. Medication costs are kept low by bulk buying with neighboring countries, making it a fine choice for those with monthly prescriptions.
It should be noted that advanced procedures requiring complex invasive surgery will need to be completed in bigger hospitals of neighboring countries.
BENEFITS OF ST. KITTS AND NEVIS PASSPORT
– No income or inheritance taxes
– Applications and documents may be submitted remotely
REQUIREMENTS FOR ST. KITTS AND NEVIS PASSPORT
– Property must be held for 5 years
– Payment of government fees
– Applicants must undergo a medical exam
– Applicants must undergo a security screening
Real estate investment of USD 400,000 (minimum)
USD 250,000 to USD 450,000 donation to the Sugar Industry Diversification Foundation.
– IMPORTANT UPDATE –
St. Kitts and Nevis has announced several amendments to the country’s Citizenship by Investment Program which are effective as of January 1, 2017 onward. Below are the details on the approved changes:
The age limits to qualify as a dependent:
▶︎ The age limit for parents who are viewed as dependents has been lowered from 65 to 55 years old.
▶︎ The age limit for children who are considered dependents has increased from 25 to 30 years old. For example, this will apply to individuals who are disabled, in tertiary institutions or dependent on their parent for support.
▶︎ Dependents born after citizenship has been granted and under the age of 16, are to be processed through the Ministry of National Security.
The minimum contributions to the Sugar Industry Diversification Foundation Contributions (SIDF) are now as follows:
▶︎ Single Applicant US$250,000.00
▶︎ Applicant with up to three dependents: US$300,000.00
▶︎ There is an additional contribution required for each additional dependent, regardless of age. This will be US$25,000.00.
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OCEAN GROVE VILLAS
In 2013, APEX broke ground on the Ocean Grove project, located on Sandy Bank Bay at Christophe Harbour in St. Kitts and Nevis. The project comprises 47 villas on the stunning Southeast Peninsula.
WINDSWEPT RESIDENCE CLUB
Located in a quiet enclave of Sandy Bank Bay, St. Kitts and Nevis, this project has 9 turnkey villas available for equity share purchase and fractional ownership.
EMBASSY SUITES BY HILTON ST. KITTS
Embassy Suites By Hilton, a Pelican Bay Development Project, is ideally located in Frigate Bay, one of the most extensively and tastefully developed areas of the island. Great activities, shopping and water sports are available a short distance away.
FOUR SEASONS NEVIS. PINNEY’S BEACH VILLAS
The Villas at Four Seasons Resort, Nevis, are a selection of chic, architect-designed homes nestled just minutes from the most beautiful beach on Nevis. Each home is truly unique offering a variety of features including private pools, spacious terraces and landscaped gardens.
PARK HYATT ST. KITTS
Range Developments is currently building the Park Hyatt St. Kitts, a future five-star luxury resort on Banana Bay. This five-star state-of-the-art resort that is minutes from the most beautiful beaches, is set within the ultra-luxury Christophe Harbour resort community of St. Kitts.
CHRISTOPHE HARBOUR MARINA
Christophe Harbour, a luxury resort development on the island of St. Kitts, delivers upscale amenities and state-of-the-art facilities in a natural setting of unparalleled beauty. The community centerpiece is a 300-berth super-yacht marina and village.
Vice-president, International operations and business development
«St. Kitts and Nevis is one of the world’s most sought-after destinations, both for travel and to acquire a second home.» With its stable economy and attractive investment programs, Saint Kitts is rightly named to annual lists of the world’s top sixteen Caribbean leisure destinations and ten best islands.»