St. Kitts and Nevis Citizenship by Investment is the first and one of the oldest citizenship by investment visa options launched in 1984. For the past 40+ years this option of citizenship by investment St. Kitts has been top rated for the stability, due diligence and offering consistent progress.
With this being taken into consideration let’s look into the step-by-step guide to St. Kitts citizenship by investment.
What is St. Kitts & Nevis Citizenship by Investment?
The St. Kitts citizenship by investment was launched to attract businessmen and entrepreneurs from the different countries invariably allowing the investment in the country which has a direct contribution in the economy’s development.
This not only gives benefits to the country, it has benefits being passed onto people who are coming in, to invest. With this being said, let’s have a look at the benefits being offered under the St. Kitts and Nevis Citizenship by Investment.
Benefits of St. Kitts and Nevis Citizenship by Investment
When the main applicant acquires the citizenship, the family of applicants will also get the citizenship for the whole life and its benefit being passed onto the future generations.
- Citizenship by descent for future generations.
- Inclusion of spouse, children under 26 and parents aged 55 or above.
- St. Kitts and Nevis is a member of commonwealth nations. This helps the citizens to allow benefits in the UK and other commonwealth countries.
- Country is very well connected to North America and Europe.
- No minimum stay required in the nation.
- Permission of dual citizenship at St. Kitts.
St. Kitts and Nevis Citizenship Investment Requirements
The country of St. Kitts and Nevis requires the applicants to have the significant contribution in the economy of the country, where the country has a stringent background check of the applicants applying for the St. Kitts and Nevis citizenship by Investment.
In order to make sure that the applicants have the options of investment, the country has come out with three options to invest:
- Approved Public Benefit Project
An applicant ought to invest a minimum of USD 2,50,000 in the approved public benefit projects. It is to be noted that this will be a non-refundable amount. - Sustainable Island State Contribution (SISC)
The contribution of USD 2,50,000 has to be done in the SISC, which is non-refundable, by the applicants and up to three qualifying dependents:- For dependents above 18 years of age USD 50,000 has to be contributed.
- For dependents below 18 years of age USD 25,000 has to be contributed.
- Investment in Real Estate
Under the St. Kitts and Nevis real estate investment, applicant has to:- Invest USD 3,25,000 for approved real estate development, or
- Minimum of USD 3,25,000 investment in a condominium unit, or
- Invest USD 6,00,000 for private dwelling of single family
Last but not the least, it is to be noticed that the applicant shall be at least 18 years old while applying for the application.
Application Process of St. Kitts and Nevis Citizenship by Investment
While an applicant seeks to invest in the country, that person has to follow an application process for the St. Kitts and Nevis Citizenship by Investment program. You can refer to following steps:
- Submit the application after completion.
- Go and attend the interview. This will be done for the main applicant and depends of 16+ years of age.
- Pay application fees
- Do the investment
- At the end, receive the citizenship approval.
Cost of St. Kitts and Nevis Citizenship by Investment
While the applicant goes ahead in the process, they have to bear the cost of the visa. This can be also known as the cost of St. Kitts and Nevis citizenship. Following is the cost:
1) Sustainable Island State Contribution
> Due Diligence Fee: For main applicant fees is $10,000 and for the dependents above 16 years is $7,500.
> Passport fee: Here the applicant has to pay $350 per person.
> Additional fee: Courier charges, bank transfers, translation, notary etc i.e. around $1000.
2) Real Estate
> Government Fee: The main applicant has to pay $25000, $15000 for spouse and $10,000 for children regardless of age.
> Due Diligence Fee: Under this, the main applicant has to pay $10,000 and $7,500 for the dependents who are above 16 years of age.
> Fee of passport: This would cost $350 per person.
> Additional Fee: Transfer in banks, notary, translation, charges on courier etc $1000.
Dual citizenship St. Kitts
The country of St. Kitts does give you an option to have dual citizenship.
Processing time for St. Kitts citizenship application
The processing time for St. Kitts citizenship application is about 3 to 6 months. This time includes verifying the documents of the applicants, performing due diligence checks and approval of the investment.
FAQs on St. Kitts and Nevis Citizenship by Investment
