St. Kitts & Nevis is not only regarded as one of the most beautiful islands in the world, but it has previously been named one of the world’s top 20 islands to live. For investors looking to invest in second citizenship and passport, and those that wish to live an island life, the St. Kitts & Nevis Citizenship by Investment program will ensure their dreams become a reality.
Investors can consider two direct options when investing in St. Kitts & Nevis Citizenship by Investment program:
- A minimum contribution to St. Kitts & Nevis Sustainable Growth Fund (SGF) of $195,000 for a family of 4, OR a minimum contribution of $150,000 for a single applicant. Any additional family dependants require a contribution of $25,000 per dependant.
- Investing in government-approved real estate either valued at a minimum of $400,000, which can only be sold after five years; or valued at a minimum of $200,000, which can only be sold after seven years.
Both options include additional government and registration fees and taxes that are still payable upon application*
Costs of St. Kitts & Nevis Citizenship
St. Kitts & Nevis Citizenship by Investment program is recognised as one of the highest-ranked Citizenship by Investment programs in the world. Due to its affordable investment options and numerous benefits, the St. Kitts & Nevis Citizenship by Investment program has been well-received and is considered a respectable second citizenship and passport to hold in 2020.
Benefits of St. Kitts & Nevis Citizenship
Fast-track processing
Investors are looking at a timeframe of up to 4 months for second citizenship and passport. The process is straightforward, and there is also a fast-track processing time of 90 days.
Visa-free travel
Currently St. Kitts and Nevis offers visa-free and visa-on-arrival travel to over 150 countries, including the Schengen area, the UK, Hong Kong, Russia and Singapore, to name a few.
No residing necessary
Investors do not have to live or reside in St. Kitts & Nevis to obtain second citizenship and passport.
Tax benefits
Investors can rest assured that there are no taxes on wealth, gift, inheritance, worldwide income or capital gains.
Other benefits include:
- Irrevocable, lifetime citizenship that passes down to future generations
- Dual nationality allowed
- Families and dependent parents are given second citizenship and passport
- Access to top international universities
- Duty-free trading
Update
In response to the COVID-19 pandemic, St. Kitts & Nevis is now offering their Citizenship by Investment program at a reduced price, for a limited time only. Effective immediately, a family contribution (main applicant with up to 3 dependents) will now cost investors $150,000, instead of $195,000 through the Sustainable Growth Fund (SGF). This discount, however, will only be valid until the end of the year (31 December 2020).
Related Article: Limited Time Offer: Save $45,000 on St Kitts & Nevis Citizenship by Investment
A single applicant’s minimum contribution will stay $150,000, and the government-approved real estate investment option remains unchanged – investing in property valued at a minimum of $200,000 (re-saleable after seven years) or $400,000 (re-saleable after five years).
According to Les Khan, CEO of St. Kitts & Nevis Citizenship Investment Unit, the latest move will help the country recover some of its losses since the crisis started.
“We are delighted to offer – for a limited period while the world grapples with the pressures of the COVID-19 pandemic – all of the benefits of full economic citizenship at an even more competitive rate for families, and with a new paper-free application process.”
Although Citizenship by Investment programs usually attract investors with a net worth of $1m or more, these programs have become increasingly affordable to those with a net worth of $500,000 over the last few years.
“Our clients come from all over the world, but a lot recently have come from Egypt, Lebanon and Pakistan,” mentions CEO and founder of Savory & Partners, Jeremy Savory, adding, “If you look at the situation in their country, they are thinking ‘I need to have a Plan B for peace of mind, security and to travel freely.”
Savory & Partners offers a selection of Citizenship by Investment programs, suited to each investor’s needs, whether investors are seeking European or non-European citizenship. Each program has been revised by the country’s governing body, which means their requirements of obtaining second citizenship and passport will differ from country to country.
To discuss the Citizenship by Investment programs in more detail, contact one of our specialists today or find out if you qualify for second citizenship and passport.
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