St Kitts and Nevis Passport

We visited the offices of the Citizenship by Investment program (pictured above) which is literally a short walk from the airport.

We also learned that in some cases, those participating in the investment program were able to get their passport in 60 days (although the Charity donation program is simpler when time is of the essence).

Return on investment. Some projects appear to have achieved a return greater than 10% per year and are eligible for mortgages at a rate of 5.5% to 10%. What does the rate depend on? The ability to negotiate, the bankers told us. In general, a good due diligence process is essential.

More information. Our library contains the Citizenship by Investment Brochure, a review of Registered Agents, Application to form an LLC and IBC, the Non-Cooperative Jurisdiction List published by the Nevis Financial Services Commission, Offshore Bank Account application and other materials.

Below is a transcript of the information published by the government.

 

 60 Day Accelerated Process  

 The Accelerated Application Process (AAP) approved by the Government of St. Kitts and Nevis in October 2016 allow applications with the Citizenship by Investment Program to be accelerated to a 60 day processing period.

 

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.

Applications will be given an accelerated treatment from the Citizenship by Investment Unit, Due Diligence Providers and the St. Kitts and Nevis Passport Office. As a bonus, this process also includes the application and processing of the St. Christopher (St. Kitts) and Nevis passport.

Applying using the AAP can see an application completed within 60 days with some applications completed in as early as 45 days.

AAP Process Fees (inclusive of Due Diligence Fees)

  • Main Applicant: US$25,000

  • Dependent above 16 years: US$20,000

 

In addition to the US$25,000 and US$20,000 AAP processing fees, an additional fee of US$500 per person will be applicable for the processing of the St. Kitts and Nevis Passport for any dependents under the age of 16 years. 

Source

A $400,000 investment or a $250,000 ($300,000 for a family) charity donation gets applicants a passport, which permits visa-free travel to 125 countries including the European Union.

The process has now been accelerated to 60 days.   

  Passport through Charity Contribution

Applicants may qualify for citizenship through a contribution to the Sugar Industry Diversification Foundation (SIDF). The SIDF is a public charity tasked with diversifying St Kitts and Nevis’ economy.

  • Single applicant: a non-refundable contribution of US$250,000 is required

  • Main applicant with up to three dependents (for example, a spouse and two children): a non-refundable contribution of US$300,000 is required

  • Additional dependents, regardless of Age: US$25,000

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

Unmarried dependent children who are older than 18 but younger than 30 can also be included in the application. Similarly, dependent parents aged 55 or above may also be included.

The SIDF option is the most straightforward means of obtaining citizenship in St Kitts and Nevis.

Source

 Passport through Real Estate Investment

 Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is US$400,000 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$7,500 for the main applicant, and US$4,000 for each dependent 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$50,047

Spouse of the main applicant: US$25,047

Dependent child of the main applicant under 18 years of age: US$25,047

Dependent child of the main applicant above the age of 18 years or dependent parent aged 55 and above: US$50,047

 

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

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.

Source

StKitts&NevisPassport