St Kitts and Nevis offers the ideal mix of relaxation and laid back appeal alongside outstandingworld class business opportunities. With its excellent sandy beaches, sparkling topaz sea and great selection of high-end golf courses, it has long been regarded as one of the most business-friendly environments on the planet. It particularly caters to entrepreneurs looking to set up companies and enjoy the associated tax benefits.
Until 1983, St Kitts and Nevis was under British rule but has since thrived as an independent nation. It is a member of the Commonwealth, as well as CARICOM (the Caribbean Community), the UN (United Nations), the OAS (Organisation of American States) and the OEC (Organisation of Eastern Caribbean States).
The official name for St Kitts and Nevis is ‘The Federation of St Christopher and Nevis. Flights are plentiful and regular directly from the UK, the US and Canada.
Where is St Kitts and Nevis located?
The islands of St Kitts and Nevis are found nestled between the Atlantic Ocean and the Caribbean Sea. Its fantastic tropical climate and friendly relaxing welcome make both islands a fashionably upmarket tourist destination all year round.
The country is proud to also be one of the most eco-friendly places on earth, with Nevis in particular leading the way in geothermal energy.
Citizenship by investment
The citizenship by investment scheme of St Kitts and Nevis is one of the longest running ones in the world, having been established in 1984. It’s run by the Citizenship by Investment Unit.
Successful applicants will enjoy the benefits of a stable economy as well as visa-free travel to over150 countries worldwide including the UK, EU, Singapore, Hong Kong and Brazil.
In order to be eligible for citizenship by investment in St Kitts and Nevis, individuals must meet the following basic criteria from the outset:
• Be aged 18 years or over
• Have no criminal record
• Be of good character
• Pass a background checking process
• Be able to source the required funds and to provide proof of those finds
• Be in good general health
Note: Investors may apply with their families which include a spouse and any dependent children. In certain cases, they may also submit an application with dependent elderly relatives such as parents or grandparents.
Benefits of citizenship by investment in St Kitts and Nevis
• Full citizenship status
• Dual citizenship
• Visa-free travel more than 150 countries, including the Americas, the EU, United Kingdom, Asia, Oceania, Brazil and Africa)
• No necessityto visit St Kitts and Nevis at any time
• No interviews
• The ability to speak English is not essential
• Fast processing time
• Low processing fees
• Total discretion
• Economic, political and social security
• No inheritance tax, capital gains tax, foreign income tax or gift tax
• Professional business environment with outstanding asset protection services
• 60-day processing for those choosing the premium Accelerated Application Process (additional fee applies)
How can someone invest in St Kitts and Nevis?
Applicants and their families may achieve citizenship of St Kitts and Nevis in one of three ways:
1. By contributing to theSIDF(Sugar Industry Diversification Foundation)
2. By contributing to the SGF (Sustainable Growth Fund)
3. By investing in pre-approved real estate
Contribution to the Sustainable Growth Fund
Having been set up by the St Kitts and Nevis Government in the spring of 2018, the SGF is a pot of funding set aside for supporting things like infrastructure, health and education.It also aims to protect the area from the effects of climate change, to boost the economy and to protect the country’s diverse culture and heritage.
To apply for citizenship, a main applicant must pay US$150,000, plus a US$25,000 investment for their spouse. A further US$10,000 is also required per dependent, including any children or elderly relatives.
The Sugar Industry Diversification Foundation
This option is a particularly popular one for gaining citizenship by investment in St Kitts and Nevis. Set up in 2006, the Sugar Industry Diversification Foundation is a public charity that is designed to assist the Government in the diversification St Kitts and Nevis’ economy.
If an applicant wishes to choose this path to citizenship, the contribution required currently stands at a minimum of US$250,000.
Investment in Pre-approved Real Estate
The final option in achieving citizenship by investment requires the purchase of real estate which has already been approved by St Kitts and Nevis government.
The minimum investment amount with this option is US$400,000 and an individual must continue to own the property for a minimum of 5 years after citizenship has been awarded. As an alternative, an applicant can choose to invest into a share system with a minimum of US$200,000. In this case, the real estate must be retained for at least seven years to avoid the risk of citizenship being withdrawn.With both real estate options, additional Government fees will apply.