Comprehensive Guide to the St. Kitts and Nevis Citizenship by Investment Program (CBI) for 2024
Table of Contents
St. Kitts and Nevis Citizenship by Investment (CBI) program offers a pathway for foreign investors to gain citizenship by contributing to the nation’s economic and social progress. Launched in 1984, it is the longest-running program of its kind globally and provides four investment options: a non-refundable donation to the Sustainable Island State Contribution (SISC), investment in government-approved luxury properties, purchasing a private residence, or a contribution to a Public Benefit Option (PBO). The minimum qualifying investment starts at $250,000, with a 12-month processing timeline.
This guide covers the essential information about St. Kitts and Nevis CBI, including eligibility requirements, application steps, fees, and benefits of holding dual citizenship.
Overview of St. Kitts and Nevis Citizenship by Investment
Historical Background
The St. Kitts CBI program was established under the Saint Christopher and Nevis Citizenship Act in 1984 to attract foreign direct investment, promoting economic development across healthcare, education, and infrastructure. The program allows for citizenship in exchange for financial contributions, starting from $250,000 through various investment avenues.
Regulated by the St. Kitts and Nevis Citizenship by Investment Unit (CIU), founded in June 2011 under SRO 52, the unit oversees investment approvals, conducts due diligence, and works with Authorized Agents to manage the program.
Key Program Amendments
- June 2011: Formation of the CIU to oversee the CBI program.
- October 2016: Introduction of the 60-day Accelerated Application Process (AAP).
- October 2017: Launch of the Hurricane Relief Fund (HRF) as a temporary donation option.
- November 2017: Legislation for CBI Escrow Accounts was introduced.
- April 2018: Launch of the Sustainable Growth Fund (SGF) donation option.
- July 2023: The SGF was replaced by the Sustainable Island State Contribution (SISC).
- August 2023: The minimum investment amount was increased from $175,000 to $250,000.
- September 2023: Implementation of mandatory interviews for applicants aged 17 and above.
- March 2024: Signing of the Caribbean Memorandum of Understanding (MoU).
- July 2024: Reduction of the family investment requirement from $350,000 to $250,000 for up to four members.
These changes demonstrate the program’s evolution to adapt to global trends while maintaining a competitive edge among citizenship by investment programs.
Ten Benefits of the St Kitts and Nevis Citizenship by Investment Program
Short Citizenship Timeline
The St Kitts and Nevis citizenship application process takes just 12 months.
Citizenship for Your Family Members
Dependent family members, including a spouse, children, and parents, qualify for citizenship by investment.
Great Tax Benefits
The tax regime does not impose personal income tax, wealth, inheritance, or capital gains taxes.
No Residency Requirements
No minimum residency is required to start the citizenship application process.
Enhanced Travel Freedom
St Kitts and Nevis passport holders can travel visa-free to 153 countries, including EU states.
No In-Person Interviews
Applicants can apply for citizenship remotely, and the mandatory interview takes place virtually.
Security of a Plan B
St Kitts and Nevis provides a solid Plan B to ensure financial stability and access to a safer environment.
Investment Only Required After Pre-Approval
The qualifying investment is made after receiving pre-approval, reducing risk.
Member of CARICOM and OECS
St Kitts and Nevis is a committed member of CARICOM and OECS, advancing regional cooperation.
Dual Citizenship Allowed
St Kitts and Nevis recognizes dual citizenship, allowing successful applicants to maintain multiple citizenships.
The St Kitts and Nevis Citizenship by Investment Program
Has specific eligibility criteria outlined in the Citizenship Act of 1984 and the Citizenship by Investment Regulations of 2011. The government allows qualified applicants to obtain citizenship and a passport if they meet certain standards.
Requirements for the Main Applicant:
To qualify for citizenship through investment, the main applicant must:
- Be at least 18 years old.
- Have a clean criminal record.
- Demonstrate good character, supported by financial documents and professional references.
- Make a qualifying investment according to program requirements.
Eligible Family Members:
Family members who can be included in the citizenship application include:
- Spouse: The legal partner of the main applicant.
- Children: Dependent children under 18, or between 18 and 25 if enrolled in full-time education and financially supported by the main applicant. Children who are over 18 and have a physical or mental disability are also eligible.
- Parents: The parents of the main applicant or spouse who are at least 65 years old and financially supported by the applicant.
The regulations treat biological children, stepchildren, and adopted children equally, as long as they are financially dependent on the main applicant or their spouse.
Restrictions for Nationals from Certain Countries:
Individuals from the following countries face restrictions:
- Iran, North Korea, Afghanistan, Russia, Belarus, and Ukraine
Applicants from these countries can qualify only if they have lived outside of these nations for more than ten years and have no significant connections there.
For more information, the official St Kitts and Nevis Citizenship by Investment website provides detailed guidelines on program requirements and eligibility.
St. Kitts and Nevis Citizenship by Investment Program
1. Donation to the Sustainable Island State Contribution (SISC)
Make a non-refundable contribution to the SISC, starting at $250,000. This is the most affordable and straightforward route to citizenship.
Sustainable Island State Contribution | Single Applicant | Family of up to Four | Additional Dependent (Under 18) | Additional Dependent (Over 18) |
---|---|---|---|---|
Minimum Donation | $250,000 | $250,000 | +$25,000 each | +$50,000 each |
Due Diligence Fee | $10,000 | $7,500 per family member 16+ | $7,500 each | $7,500 each |
Application Form Fee | $250 | $250 | $250 | $250 |
Passport Fee | $350 per passport | $350 per passport | $350 per passport | $350 per passport |
2. Purchase of Shares in Approved Real Estate Projects
Invest in government-approved real estate with a minimum investment of $400,000. The shares can be resold after seven years.
Real Estate Investment | Single Applicant | Applicant + Spouse | Additional Dependent (Over 18) | Additional Dependent (Under 18) |
---|---|---|---|---|
Minimum Investment | $400,000 | $400,000 | +$15,000 each | +$10,000 each |
Government Application Fee | $25,000 | $40,000 | +$15,000 each | +$10,000 each |
Due Diligence Fee | $10,000 | $7,500 per family member 16+ | $7,500 each | $7,500 each |
Application Form Fee | $250 | $250 | $250 | $250 |
Passport Fee | $350 per passport | $350 per passport | $350 per passport | $350 per passport |
3. Purchase of a Single-Family Private House
Invest in a private home with a minimum value of $800,000. The investment is recoverable after seven years.
Real Estate | Single Applicant | Applicant + Spouse | Additional Dependent (Over 18) | Additional Dependent (Under 18) |
---|---|---|---|---|
Minimum Investment | $800,000 | $800,000 | +$15,000 each | +$10,000 each |
Government Application Fee | $25,000 | $40,000 | +$15,000 each | +$10,000 each |
Due Diligence Fee | $10,000 | $7,500 per family member 16+ | $7,500 each | $7,500 each |
Application Form Fee | $250 | $250 | $250 | $250 |
Passport Fee | $350 per passport | $350 per passport | $350 per passport | $350 per passport |
4. Public Benefit Option (PBO) Contribution
Contribute $250,000 to approved public benefit projects, supporting initiatives such as education and healthcare.
Public Benefit Option | Single Applicant | Applicant + Spouse | Additional Dependent (Over 18) | Additional Dependent (Under 18) |
---|---|---|---|---|
Minimum Donation | $250,000 | $250,000 | +$15,000 each | +$10,000 each |
Government Application Fee | $25,000 | $40,000 | +$15,000 each | +$10,000 each |
Due Diligence Fee | $10,000 | $7,500 per family member 16+ | $7,500 each | $7,500 each |
Application Form Fee | $250 | $250 | $250 | $250 |
Passport Fee | $350 per passport | $350 per passport | $350 per passport | $350 per passport |
St Kitts and Nevis Citizenship by Investment Required Documents
During the application, all documentation provided will go through a due diligence process. This is a vital step in a St Kitts and Nevis CBI application, ensuring that documents and information are verified to confirm the identity, financial profile, and security profile of the applicant and all accompanying family members aged 16 or over. This guarantees the credibility of the application.
This list is for reference purposes, and the CIU may request additional documents if necessary.
Citizenship Application Forms
Applicants are charged $250 for each set of forms issued. The following forms are required:
- Application for registration as a Citizen (Form C1)
- Photograph and Signature Certificate (Form C2)
- Medical Certificate (Form C3), including original HIV Test results (required for applicants over 12 years old). Note: HIV test results must not be older than three months.
Sustainable Fund Forms
- Investment Confirmation/Escrow Agreement (Form C4)
Real Estate Forms
- Completed Purchase and Sales Agreement (Approved Real Estate Investment Option)
Required Documents for Submission:
- Completed C1, C2, and C3 forms
- Original excerpt of full birth record or certified copy of the birth certificate
- Certified copy of proof of name change (if applicable)
- Certified copy of current national identity card(s) (children under 16 exempt)
- Certified copy of valid passport(s), showing name, photo, citizenship/nationality, date and place of issue, expiry date, passport number, and issuing country
- HIV Test Results not older than three months (children under 12 exempt)
- Police Certificate of no criminal record from countries of residence in the past 10 years (children under 16 exempt)
- Six recent passport-sized photographs, approximately 35 x 45mm (one must be certified and attached to the C2 form)
Other Supporting Documents Required from the Main Applicant:
- At least one original professional reference (e.g., from an attorney, notary public, official accountant), not older than six months
- Bank statements for a 12-month period from the date of submission
- At least one original bank reference letter issued by an internationally recognized bank, not older than six months
- Certified copy of military records or exemption (if applicable)
- One original document of evidence of residential address (e.g., certified copy of a recent utility bill or bank statement showing full name and address)
- Employment letter(s) indicating start of employment, position held, and salary
- Certified copy of business license or incorporation documents
- Marriage certificate or certified copy (if applicable)
- Certified copy of divorce documents (if applicable)
- Statement and evidence of source of funds to be invested in St Kitts and Nevis
- Affidavit of Financial Support for applicants between the ages of 18-30
- Certified copy of university degrees (if applicable)
- Limited Power of Attorney
St Kitts and Nevis Citizenship Application Process and Timeline
The entire application process to obtain St Kitts and Nevis citizenship takes approximately 12 months:
- Step 1: Contact Authorized Agent: Contact an Authorized Agent licensed by the Citizenship by Investment Unit (CIU) to submit your citizenship application.
- Step 2: Initial due diligence checks: Your licensed agent will perform preliminary due diligence checks to ensure a successful application.
- Step 3: Gather documents and complete forms: Gather necessary documentation and complete all forms.
- Step 4: Submit your application: Your dedicated Authorized Agent will submit your application on your behalf.*
- Step 5: Due diligence checks: The CIU will process your application and carry out comprehensive due diligence checks.
- Step 6: Attend citizenship interview: The main applicant and dependents over 16 must attend a mandatory virtual interview with CIU-approved professionals.
- Step 7: Receive Approval in Principle: Successful applicants will receive an approval letter from the CIU within 120 days stating their application has received pre-approval.
- Step 8: Make your investment: Once you have received your government approval letter, you must make your qualifying investment, pay the government administration fees, and send proof to the CIU.
- Step 9: Receive citizen approval: You and your family will be granted citizenship by the CIU.
- Step 10: Collect Certificate of Registration: The CIU will issue your Certificate of Registration, which must be collected in person either in the country or at an approved Consulate or Embassy.
- Step 11: Full citizenship received: You are now a fully registered citizen of St Kitts and Nevis and can retrieve your citizenship certificate and passport.
*Only applications submitted by an Authorized Agent licensed by the St Kitts and Nevis Citizenship by Investment Unit are accepted.
Mandatory Interview
All citizenship applicants over 16 must attend a mandatory citizenship interview as part of the application process. The interview can be conducted virtually or in person in St Kitts or at a location approved by the Board of Governors. There is no requirement to visit St Kitts.
The interview will be conducted by independent professional due diligence agents and law firms commissioned by the CIU. They will provide a certified translator if the applicants do not speak English or if English is not their first language.
Compliance and Legal Structure
The Citizenship by Investment Unit (CIU) serves as the regulatory body overseeing the St. Kitts and Nevis Citizenship by Investment program, as mandated by the country’s Citizenship by Substantial Investment Regulations. The CIU enforces compliance with the program’s requirements to ensure proper adherence to the law.
Key requirements include:
- Minimum Investment Levels: Defined thresholds for financial contributions or investments.
- Rigorous Due Diligence Checks: Ensuring the integrity and security of the applicants.
- Application Fees and Procedures: Clear guidelines on processing costs.
- Application Process and Timeline: A structured pathway from application submission to citizenship approval.
- Regulations for Citizenship Denial or Revocation: Conditions under which citizenship may be revoked or denied.
- Rights and Responsibilities for New Citizens: Legal benefits and obligations conferred upon successful applicants.
The CIU collaborates with global regulatory bodies, including the Financial Action Task Force (FATF), to maintain high standards of compliance.
Dual Citizenship Policy
St. Kitts and Nevis recognizes dual citizenship, allowing individuals to hold multiple nationalities without losing any rights in the country. Citizens can retain their right to vote, access social services, and hold a St. Kitts and Nevis passport.
Pros and Cons of St. Kitts and Nevis Citizenship by Investment
Pros
- Fast Processing Time: Obtain citizenship within 12 months.
- Established Program: As the world’s oldest citizenship by investment program, it is renowned for its reliability.
- Confidentiality: Applicants’ identities are not disclosed.
- Payment After Approval: Investment is required only after receiving pre-approval.
- Regional Benefits: Membership in CARICOM and OECS grants additional privileges across member states.
Cons
- High Cost: The program is the priciest among Caribbean options.
- Limited Investment Choices: No business investment pathway is available.
- Weather Risks: The region is prone to hurricanes and other natural disasters.
Comparing St. Kitts and Nevis with Other Caribbean CBI Programs
- St. Kitts and Nevis: Pioneered the citizenship by investment model and provides the most powerful passport in the Caribbean, with visa-free access to over 153 countries.
- Antigua and Barbuda: Offers the most cost-effective program for a family of four.
- Dominica: Presents the lowest-cost real estate investment option for citizenship.
- Grenada: Unique among Caribbean nations for offering eligibility for the US E-2 Visa.
- St. Lucia: Has the widest range of investment options, including infrastructure projects starting at $250,000.
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Reasons to Choose World of Citizen for Your St. Kitts and Nevis Citizenship Application:
- Certified International Agent: We are officially authorized by the St. Kitts and Nevis government to market the Citizenship by Investment program.
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Frequently Asked Questions About St Kitts and Nevis Citizenship by Investment (CBI)
How can one obtain St Kitts and Nevis citizenship through investment?
To acquire citizenship, applicants can choose to make a non-refundable contribution of at least $250,000 to the Sustainable Island State Contribution (SISC) or a Public Benefit Project. Alternatively, they can invest in real estate, with minimum investment options set at $400,000 for shares in an approved project or $800,000 for purchasing a private home.
What is the role of the St Kitts and Nevis Citizenship by Investment Unit?
The Citizenship by Investment Unit (CIU) is the government authority responsible for managing the citizenship program. It oversees application processing, conducts due diligence, and ensures compliance with all legal requirements.
What does the economic citizenship program entail?
The economic citizenship program in St Kitts allows foreign investors to gain citizenship through financial contributions that support the country’s economic growth, including real estate investments and fund donations.
What are the costs associated with St Kitts and Nevis citizenship by investment?
The program’s starting cost is $250,000 for a single applicant or a family of four, excluding fees for government, application, and passports. The total cost will vary based on the investment choice and the number of family members included.
How long does the application process take?
The approval process takes around four months, and citizenship can be fully granted within a year from the date of application.
What is the minimum real estate investment required?
For the real estate option, the minimum investment is $400,000 for shares in approved developments, while direct property purchases require a minimum of $800,000.
Can multiple applicants apply together?
Yes, multiple individuals can apply under the program as long as they are considered eligible dependents of the main applicant.
Is St Kitts citizenship worth it?
St Kitts citizenship provides significant benefits, such as visa-free access to more than 150 countries, including the UK and Schengen Area. Additionally, the country offers a favorable tax regime, with no taxes on income, inheritance, or capital gains for residents.
What is the Citizenship by Investment Programme?
The program, launched in 1984, is the world’s oldest and allows foreigners to secure citizenship through substantial economic contributions.
How can one move to St Kitts and Nevis?
You can immigrate to St Kitts and Nevis through the Citizenship by Investment program, which grants citizenship to those who invest in real estate or donate to the country’s economic development funds.
Is it possible to “buy” St Kitts and Nevis citizenship?
While you can’t outright “buy” citizenship, the program does allow foreign nationals to make qualifying investments in exchange for citizenship, thereby contributing to the country’s development.
Can citizenship be revoked?
Yes, citizenship may be revoked if it is found to have been obtained through fraudulent means, misrepresentation, or if the individual engages in activities that threaten national security.
Are same-sex or unmarried couples eligible?
The program requires couples to be legally married to qualify. St Kitts and Nevis does not recognize same-sex marriages or relationships, excluding such couples from eligibility.