Looking for one of the best Citizenship By Investment Programs available on the market in 2020? Established in 1984, The St Kitts and Nevis Citizenship Program was the first program of its kind in the world. Today, 38 year later, it is one of the most popular and reliable investment passports of its kind. By mid 2018 over 16,500 had become St Kitts citizens via the program, with over 4,000 of those applications having been processed in the 3 years since 2015.
Discover the benefits of gaining family Citizenship By Investment through Saint Kitts and Nevis below, or contact us today for a free consultation.
As of February 2020, the St Kitts passport program has generated more than $700,000 million in capital from foreign investors seeking second citizenship, and as of 2019, the program contributes over 26% of the country’s total GDP.
The St Kitts program is globally sought after by investors hailing from South Africa, Russia, China, Hong Kong, Nigeria and further afield – and with good reason:
UNRIVALLED VALUE FOR FAMILIES: With government fund contributions for citizenship starting from $150,000 for a single applicant, St Kitts is not the cheapest Caribbean investment passport for solo applicants – the Dominica and Antigua and Barbuda’s economic citizenship programs’ required contributions are lower, at $100,000 each, respectively. In terms of passport power, however the St Kitts passport is superior to these two country’s passports.
Yet if you’re applying for a family of 4, St Kitts and Nevis occupies a sweet spot, with a government contribution of $195,000 covering a family of 4 (primary applicant, spouse, and 2 dependent children). As an added bonus, dependent parents over the age of 55 and dependent single children under the age of 30 years can be added to the application for an additional $25,000 per person.
In addition, applicants also have the option to apply for St Kitts citizenship on the basis of property investment. A minimum government approved investment of $200,000, held for a period of 7 years, qualifies as the basis for a St Kitts citizenship application; as does a real estate investment of $400,000, held for a period of only 5 years. As a further concession, 2 investors can pool their resources for the $400,000 investment option, in which case the minimum period during which the investment must be maintained remains 5 years.
The above donation and investment options have replaced the previously available St Kitts and Nevis Hurricane Relief Fund (HRF), which closed in March 2018, as well as the Sugar Industry Diversification Fund (SIDF)
PASSPORT POWER: Offering the bearer visa free access, or visas upon arrival, for 154 countries around the world, including the EU Schengen area, Israel, Brazil, South Korea, Singapore, Russia, Mauritius, Mexico, Argentina, the United Kingdom and its Crown dependencies, and Montenegro. In addition, citizens of St Kitts and Nevis have the option to apply for 10-year, multiple entry visitor visas for Canada and the USA.
This makes it the ideal second passport for business professionals from countries such as Nigeria, South Africa, China, Russia and Kenya – all countries with low passport rankings.
As of 2019, the St Kitts and Nevis passport is therefore the most powerful travel document of all the Caribbean passports, and it’s one of the Top 25 passports in the world.
HIGHLY ESTABLISHED: The St Kitts program has been in existence for almost 4 decades, during which the application process has been refined to run like clockwork. Due diligence processes are rigorous, but provided that candidates can pass these checks, the program’s outcomes are highly predictable.
COMMONWEALTH COUNTRY: St Kitts and Nevis is a British Commonwealth country, with the Queen of England serving as its head of state.
EXCEPTIONAL DISCRETION: Compared to many other Caribbean passport programmes, St Kitts and Nevis requires relatively limited disclosure pertaining to your personal financial information.
INTER-GENERATIONAL ASSET: Citizenship rights is granted for life, and can be passed on to future generations. Please note, however, that the St Kitts and Nevis passport is issued for a period of 10 years, after which the document must be renewed. Renewals typically take between 3 and 4 months.
FAST REMOTE APPLICATION PROCESS: Due diligence on the program can be completed remotely. You don’t need to travel to St Kitts and Nevis to apply; you can apply via one of our associates’ offices. Your family’s passports can be issued in as little as 5 months from the date of your application.
NO RESIDENCY REQUIREMENT: In addition to there being no requirement to visit the island nation to apply for second citizenship, the St Kitts and Nevis program also does not require new economic citizens to reside in-country for any minimum period of time.
COMPLETE CONFIDENTIALITY: Your application is completely confidential; no information about your interactions with St Kitts and Nevis is shared with your country of origin, nor is it disclosed to any third parties.
DUAL CITIZENSHIP RECOGNISED: St Kitts and Nevis recognises dual citizenship, so you don’t need to renounce your native citizenship, nor any of the rights and privileges associated with it, in order to gain second citizenship via their CIP.
TAX EFFICIENT JURISDICTION: St Kitts charges no wealth, inheritance, dividend or gift taxes, and your global income remains unaffected.