The St. Lucia Citizenship by Investment Program offers a real estate development option and visa-free access to 147 destinations. A donation of USD 100,000 is required.

 

St. Kitts and Nevis Citizenship by Investment

 

Several countries, including St. Kitts and Nevis, have adopted programs that allow the acquisition of citizenship on the basis of an investment and/or a direct contribution to the state as a means of developing the country.

 

Background and legal considerations

 

The citizenship program of St. Kitts was established in 1984 and requires applicants to make an economic contribution to the country. In exchange, they and their families are granted full citizenship.

The legal basis regarding citizenship by investment is contained in Part II, § 3 (5) of the Citizenship Act, 1984 and the Saint Christopher and Nevis Citizenship by Investment Regulations, 2011. These provisions allow the government to operate a program under which citizenship is granted to persons who qualify under criteria set by cabinet decision.

 

Benefits of the St. Kitts and Nevis Citizenship by Investment Program

 

When you acquire citizenship under the St. Kitts and Nevis citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.

-A St. Kitts and Nevis passport allows visa-free or visa-on-arrival travel to 156 destinations including Hong Kong, Russia, Singapore, the UK, and Europe’s Schengen Area.

-Citizenship-by-descent is available to future generations.

-Ability to include a spouse, children under 26, parents, grandparents aged 55 and over, and unmarried dependent siblings under 26 with no children, as well as to add dependents after citizenship has been granted to the main applicant.

-St. Kitts and Nevis is a member of the Commonwealth, which entitles citizens to certain privileges in the UK and other Commonwealth countries.

-St. Kitts and Nevis is an attractive location for owning a second home, with good air links to Europe and North America.

-Dual citizenship is allowed by the nation.

-There is no minimum stay required. 

 

St. Kitts and Nevis citizenship by investment requirements

 

The St. Kitts and Nevis Citizenship by Investment Program requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent application procedure including thorough background checks, the applicants and their families are granted full citizenship.

To qualify for citizenship, the main applicant must be over 18 years of age, meet the application requirements, and select one of the following options:

1. Sustainable Growth Fund

A non-refundable contribution of USD 150,000 to the Sustainable Growth Fund for a single applicant. An additional USD 25,000 applies for a spouse, USD 20,000 for each sibling, and USD 10,000 for any other qualifying dependent.

2. Public Good Investment Option

A non-refundable contribution of USD 175,000.

3. Real estate acquisition

The purchase of real estate with a minimum value of USD 200,000 from an approved real estate development, or a minimum of USD 400,000 for an approved private home. The real estate purchased under both options can be resold after seven years.

 

Procedures and time frame of the St. Kitts and Nevis Citizenship by Investment Program

 

The St. Kitts and Nevis Citizenship by Investment Unit (CIU) is responsible for the processing of all applications. There is also an accelerated application process available with a 45- to 60-day processing time frame. The CIU examines the application thoroughly and may request that the applicant attend an interview, although this is rarely necessary. The CIU undertakes strict due diligence checks and will decline an application if the applicant makes a false statement or omits any relevant information. The applicant must personally complete the prescribed government forms, which are only available from an authorized service provider. The documentary requirements of the program are reasonable and the procedures straightforward. Most applicants will normally visit the islands before deciding on the purchase of real estate, but it is not a prerequisite for the application process, which usually takes between three to four months from submission of the application to the CIU for approval. Under the real estate option, the time frame may vary depending on the development, so it is important to choose a real estate project that complements the citizenship application efficiently.

Upon approval-in-principle of the application, the funds for the real estate, SGF contribution, government fees, and other fees will be released to the various parties. Thereafter, the prime minister will sign the certificate of registration, which confers citizenship status. Once the certificate of registration is issued, the applicant is entitled to apply for a passport.

 

Fees and costs

 

Luxury Globale charges different fees depending on the case and the number of persons included in an application and depending on whether the real estate or SGF option is chosen. The full agreed fee (less any retainer paid initially) is paid into an escrow account in advance and is released when the application is submitted to the government.

 

Dual citizenship

 

There are no restrictions on dual citizenship in St. Kitts and Nevis.