Named after Christopher Columbus, this twin country is also commonly known as the Federation of St. Kitts & Nevis. The country comprises two beautiful halves – gorgeous beaches on one side, towering mountains and lush jungle-draped dormant volcanoes on the other.
St. Kitts and Nevis became an independent nation in 1983. However, with King Charles III as Head of State and H.E Minister Terrance Drew heading the government as Prime Minister, the country is still a member of the British Commonwealth and is under British Law. Tourism plays a vital role in the economy of St. Kitts; however, its citizenship by investment (CBI) program has also attracted foreign investors. The country’s capital is Basseterre, and the currency is the Eastern Caribbean dollar.
Established in 1984, the Saint Kitts and Nevis citizenship by investment program is the oldest. To apply, those interested must make an economic contribution to the country or invest in a government-approved real estate project. The applicants, as well as their families, are granted full citizenship in return.
Benefits of obtaining citizenship of St. Kitts and Nevis and St. Kitts & Nevis passport through the investment program
There are multiple benefits that applicants can reap upon acquiring the citizenship of St. Kitts and Nevis via the country’s CBI program. The applicant and their family may obtain lifelong citizenship, which can be handed down to future generations by descent for free. Other benefits include:
- Applications for the St. Kitts and Nevis citizenship by investment program are approved in as little as 3-6 months.
- Applicants can hold dual citizenship.
- The Saint Kitts & Nevis passport provides visa-free travel to 160 countries, including popular destinations like the Schengen Area, Hong Kong and the United Kingdom.
- No capital gains, inheritance, or foreigner income tax.
- The principal applicant’s spouse, children (biological or adopted) under 30 years of age, and parents over 55 are among the eligible dependents.
- The country has a strong economy, with the local gross domestic product projected to reach near $1.05 billion by the end of 2022.
- The country’s currency is stable as it has been pegged to the U.S dollar at a rate of 2.70 to 1 for the last 45 years.
Options to secure St. Kitts and Nevis citizenship
There are three investment choices for obtaining a Saint Kitts and Nevis passport and acquiring a second nationality.
- Investment in the Sustainable Growth FundThe St. Kitts and Nevis Government established the Sustainable Growth Fund in 2006, allowing investors to make a significant contribution of at least USD 150,000 to the twin-island nation’s economic and social development. The funds’ income is allocated to vital sectors like infrastructure, education, tourism, health, and culture to support development initiatives across the country.
- Investment in Real Estate
- Alternative Investment Option
The Alternative Investment Option is the newest form of investment under the citizenship by investment programme. It facilitates investment in qualified infrastructural and other projects which are developed or will be developed by Private Enterprise Developers and Public Good Project Developers.It is required for the applicant to make an investment worth at least USD 200,000 in a real estate project authorised by the government of St. Kitts and Nevis. Many different real estate projects have already been pre-approved for investment by the government.
With 25 years of combined experience in the citizenship by investment industry, the team at Passport Legacy is available to help you to secure your Saint Kitts and Nevis citizenship through investment. Please feel free to connect with us to discuss your eligibility and qualifying criteria.