St. Kitts and Nevis Citizenship By Investment (CBI)
The St. Kitts and Nevis Citizenship by Investment program is a government approved scheme designed to attract people of good character and high worth to invest in the country. The scheme is the longest running and first of its kind in the world having been established in 1984. There are 2 options available to investors.
SUSTAINABLE GROWTH FUND (SGF) CONTRIBUTION
Applicants may qualify for citizenship through a contribution to the Sustainable Growth Fund (SGF).
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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 (resalable after 5 years) 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:
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The real estate option has proven to be the most popular choice as, if for any reason the application is turned down the Purchase Price is refunded, also after a 5 year period investors can sell their property and recoup their investment.
Obtaining citizenship in St. Kitts and Nevis provides many benefits such as living in a tax free zone, the ability to travel to over 125 countries visa-free and the option to live, work and purchase real estate within St. Kitts and Nevis and any of the 8 countries in the Organization of Eastern Caribbean States (OECS). |