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St Kitts And Nevis Citizenship Cost & Benefits

Country Overview

All Caribbean island citizenship by investment programs offer the non-refundable donation route, and St. Kitts and Nevis is no different. This desperate need brought a new twist to the island nation’s citizenship by investment program. As of 2017, eligible donors could gain citizenship and a passport from St. Kitts and Nevis by contributing just $150,000 to the new Hurricane Relief Fund.

Government approvals and processing may take about 3-4 months from the submission of your application. In order to avoid delays and difficulties in submitting a collective application, it is strongly recommended that citizens of Iran, the Syrian Arab Republic and Afghanistan not be on the list of financial dependents. Such persons are officially excluded from the list of foreigners who are allowed to participate in the program. Please note that you will have to go through a fingerprinting procedure to verify your identity.

Steps To Obtain St Kitts Citizenship

The process for obtaining citizenship through the St Kitts and Nevis Citizenship by Investment Program takes three to four months. There is also an Accelerated Application Process available with a 45 to 60 day processing time frame. The St Kitts and Nevis Citizenship by Investment Program requires applicants to make an economic contribution to the country. To qualify for St Kitts and Nevis Citizenship by Investment Program, applicants are invited to invest in either the Sustainable Growth Fund or real estate investment. A VIP Accelerated Application Process , available at a premium fee, allows applicants to receive their passport within 60 days of submitting their application. We at CCP are licensed/authorized agents in St Kitts to carry out and represent clients for St Kitts citizenship program.

At CGC, we invite all successful citizenship applicants to make a contribution to our Federation and we provide them with general information about St. Kitts and Nevis and about investment opportunities in the country. Ease of processingWhile periodically reaching three months, Saint Kitts and Nevis’ dual citizenship programme offers an accelerated route for applicants who are willing to pay a premium. The Accelerated Application Process, which costs $25,000 for the main applicant and $500 for each dependent, guarantees 60 days delivery. Applicants do not need to travel to or reside in the country before, after, or during the procedures and there is no need for applicants to undertake an interview anytime during the process.

St Kitts & Nevis Visa Free Travel

As a bonus this process also includes the application and processing of the St. Christopher (St. Kitts) and Nevis passport. Designated recoverable Real Estate Investment with a value of at least US$ 200,000 plus payment of various registration and other fees. St. Kitts, also known as ‘Saint Christopher’ and Nevis forms part of the group of islands known as the Lesser Antilles, located some 2,000 km to the southeast of Miami. The country has beautiful beaches, reefs, wonderful cool climate, enjoyable throughout the year. The country is well connected by flights from US, Europe and the Caribbean airliners. SAJ is proud to be a real estate company assisting in serving the needs of potential investors in the CIP Program.

Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount toUS$7,500for the main applicant, andUS$4,000for each dependent of the main applicant who is over the age of 16 years. Upon submission of an application, non-refundable due diligence and processing fees must be also paid.

Interested persons applying utilizing the AAP will still be required to meet all mandatory criteria and submit the necessary supporting documents to apply for citizenship by investment. A Private Enterprise Developer , where the built or funded asset is privately owned. In this option, the minimum Unit of Investment will be USD 200,000.00 and standard real estate government fees will apply. This prompted them to invest in a second passport to reap its stunning benefits. Even if the pandemic halted the tourism industry, the experts reveal it paved the way for the CBI program to skyrocket. Foreign investors are now applying for second passports to have access to high-quality healthcare and social services.

These fees amount toUS$7,500for the main applicant, andUS$4,000for each dependent of the main application who is over the age of 16 years. It also permits non-blood relatives to act as financial sponsors for persons who wish to apply for citizenship but who do not have sufficient resources of their own to do so. Under both programs, a due diligence fee of USD 7,500 must be paid by the main applicant and each Turkish resident permit dependent above the age of 16. Moreover, upon submission of application, the non-refundable due diligence and processing fees to be paid are US$7,500 for the main applicant, US$4,000 for dependent over the age of 16. Moreover, upon submission of application, the non-refundable due diligence and processing fees to be paid are US$7,500 for the main applicant, and US$4,000 for dependent over the age of 16.

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In fact, speaking of geographics, no residency or visit is even required anddual citizenshipis available. This can be extended to dependents, and of course, the money paid in on investments is something that can reap rewards for years to come. It should be no surprise, considering all this, that the program appeals to high net worth individuals from all across the world. We’ve already discussed plenty of the benefits of this scheme and citizenship more generally, but we are going to break it down here so you can get a clear picture of what is on offer. The St. Kitts and Nevis Citizenship offers both personal fulfilment, as well as an investment opportunity.

St.Kitts, formelly known as St. Christopher and Nevis, is an independent Commonwealth country since 1983 with a population of more than 55,000 and a strong touristic sector as well as a local agricultural sector serving the islands well. The economy of Saint Kitts & Nevis has traditionally depended on the growing and processing of sugar cane, however, decreasing world prices have hurt the industry in recent years. St. Kitts and Nevis is a member of the Eastern Caribbean Currency Union The Eastern Caribbean Central Bank issues a common currency for all members of the ECCU. The ECCB also manages monetary policy, and regulates and supervises commercial banking activities in its member countries. To begin the application for St Kitts economic citizenship you must choose one of the two St Kitts/Nevis investment options that qualify you as a candidate for St. Kitts and Nevis second citizenship.

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And, if you invest in a share in a hotel, you get discounts when and if you stay there. Brothers and sisters that are not married, have no children and are not older than 30 years of age. There are no restrictions on dual citizenship in St. Kitts and Nevis. St. Kitts resident permit turkey and Nevis is a member of the Commonwealth, which entitles citizens to certain privileges in the UK and other Commonwealth countries. In 2007, Henley & Partners was mandated by the government to reform the program and to promote it internationally for several years.

It is our understanding that Henley and Partners are agents for the economic citizenship programme in St. Kitts. According to the website, Mr. Lawrence “deals specifically with the citizenship-by-investment programmes in St. Kitts & Nevis and the Commonwealth of Dominica”. It is either an irrevocable donation to the sustainable development fund or the purchase of real estate. The first way is advantageous with a low entry threshold ($150,000), the second gives you the right to return the investment after 5 or 7 years of real estate ownership, depending on the size of the investment ($200,000 or $400,000). St. Kitts and Nevis are peaceful little islands in the Caribbean that offer a quiet beach paradise to those looking for a change of pace when moving abroad. This country has the oldest and one of the most affordable citizenship by investment programs in the world, and it attracts high earning expats who can make sizeable contributions to the economy in exchange for some pretty great perks.

How Much Does It Cost To Buy Citizenship Of St Kitts And Nevis?

There is a facility to do business as Panama City is the largest offshore and regional banking centre in Latin America. The country has a rapid rising economy and is a suitable for up and coming entrepreneurs. In several countries obtaining residency is your first step to eventually obtaining a second passport from your new country. While many countries require that you live at least 183 days per year within the country in order to qualify for residency, this is not the case in Panama. Residency Establishing residency in a country may allow you to live, work and travel within your country of residence.

• SGF is the non-refundable financial contribution made into government funds.
• The Hotel Aids Act allows for exemption from import duty on materials for the refurbishment or construction of a hotel and Tax Holidays of 10 years for hotels with 30 or more bedrooms and 5 years for hotels with 10 to 29 bedrooms.
• Yes, if both father and are citizens of this nation, the unborn child will by default inherit and gain the citizenship of St. Kitts and Nevis.
• After applications are submitted the approval process can take as little as six weeks or as much as 3 months.
• Due diligence and processing fees payable to Government are USD 7,500 for the main applicant and USD 4,000 for each dependent who is 16 or older.
• The completed application forms should also be submitted to the unit.

Under the Programme, business leaders and their families are allowed to invest in this peaceful country in return for full citizenship. The idyllic Caribbean island of Nevis has announced incentives to stimulate investment in real estate. To apply for permanent residency there is an application fee of EC $200 plus a one-time payment of EC $3,800 upon approval which usually takes 6 months to 1 year. Citizens of the USA, Canada, UK, and many countries in the EU and the Caribbean are permitted to remain in St Kitts & Nevis on holiday without a visa for up to 3 months. Benefits of citizenship of St Kitts & Nevis include freedom from direct taxation and enhanced mobility with a powerful passport that facilitates visa-free or visa-on-arrival travel to over 150 countries and territories worldwide. If you are currently considering investing in real estate in St Kitts & Nevis but you are wondering “where are the best places to buy property in St Kitts & Nevis?