Citizenship by Investment

The term “economic citizenship” refers to a passive, one-time investment in a country that leads to citizenship and a second passport.

By the start of the 21st century, only St. Kitts and Nevis and Dominica offered realistic and legitimate options for economic citizenship. In the past several years, however, many countries have launched new programs, and competition, especially among Caribbean jurisdictions, has become fierce.

The oldest current CIP program marketed was that of the two-island nation of St. Kitts and Nevis.

These islands were colonized by both the English and the French and finally dominated by the British. As a member of the Commonwealth realm, the country maintains close ties to Great Britain. Tourism, offshore banking and services, and light industry drive the economy.

Economic citizens of St. Kitts and Nevis enjoy increased global mobility with visa-free and visa-on-arrival access to over 150 countries and territories across all major continents and regions including Europe and others.

AN AUTHORISED AGENT IS A BODY CORPORATE, ATTORNEY-AT-LAW OR CHARTERED ACCOUNTANT IN ST KITTS AND NEVIS WHO IS AUTHORISED BY THE BOARD OF GOVERNORS TO ACT AS AN AGENT OF, OR PROVIDE CONSULTANT SERVICES TO, MAIN APPLICANTS WITH RESPECT TO CBI APPLICATIONS. WE WILL PROCESS YOUR APPLICATION ONLY THROUGH THE AUTHORIZED AGENT.

The jurisdiction offers few invest-for-citizenship options. Some of the options mentioned below.

1. The Sustainable Growth Fund (SGF) is the investment channel of the St Kitts and Nevis’ Citizenship by Investment Programme, introduced by Prime Minister Dr. Hon. Timothy Harris in March 2018.

Through the SGF, an applicant’s contribution is made directly to a government-held fund, with the Citizenship by Investment Unit (CIU) being able to check receipt immediately and speed up the application process. The SGF represents the ongoing advancement of St Kitts and Nevis to realise its potential as a prosperous small-island nation with a growing economy. The St Kitts and Nevis Citizenship by Investment Programme creates opportunities for investors and the local community to drive economic growth and build a sustainable future. The minimum investment required is US$250,000.

2. Discerning investors may apply for citizenship through the purchasing of a designated real estate unit of an Approved Development.The minimum Real estate investment in an Approved Development is US$400,000 (resaleable after seven years) 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$10,000 for the main applicant, and US$7,500 for each dependant 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$25,000
  • Spouse of the main applicant: US$15,000
  • Any other qualified dependant of the main applicant under 18: US$10,000
  • Any other qualified dependant of the main applicant aged 18 or over: US$15,000

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

Within 120 days of acknowledgment from the Citizenship by Investment Unit (CIU) of submission of a CBI application, the CIU will advise whether an application is:

  • Approved-in-principle;
  • Denied; or
  • Delayed for cause and is still being processed.

3. A distinctive choice for the unique investor. Applicants may qualify for citizenship through an Investment in an Approved Private Home.

  • The minimum investment in a condominium unit designated as an Approved Private Home is US$400,000.
  • The minimum investment in a single-family private dwelling home designated as Approved Private Home is US$800,000.
  • A property purchased under the Private Home Sale Investment Option shall not be resold for a period of at least seven (7) years.
  • The Approved Private Home does not qualify for purchase in a subsequent CBI application, unless the Federal Cabinet is satisfied that substantial further investment was injected into the real estate unit by way of further construction, renovation or otherwise.
On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:
  • Main applicant:US$25,000
  • Spouse of the main applicant:US$15,000
  • Any qualified dependant under 18:US$10,000
  • Any qualified dependant aged 18 or over:US$15,000
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