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How Much Does it Cost to Live in St. Kitts & Nevis?

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Date Published: September 19, 2020 | Date Updated: September 8th, 2020
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By September 19, 2020 No Comments

Living on a beautiful island like St. Kitts, you would think, might set you back a few million dollars, but it doesn’t have to – thanks to their Citizenship by Investment program. This investment program is not only affordable, but it also features numerous benefits, like becoming a British Commonwealth passport holder, making it an attractive program for investors. 

Those seeking St. Kitts & Nevis second citizenship and passport have 2 options they can invest in: 

Sustainable Growth Fund (SGF)

The first option is investing in the country’s Sustainable Growth Fund (SGF). The fund was set up in 2018 and forms part of the government’s strategy to improve and increase economic growth. The contribution requirements under SGF are as follows:

  • Single applicant minimum contribution: $150,000
  • Family of four minimum contribution: $195,000
  • Additional family dependent: $25,000 each

Limited Time Offer 

Due to the current global pandemic that has shocked the tourism industry and halted international investments, the government of St. Kitts & Nevis has reduced the price of the family contribution by $45,000. That means a family of 4 can now obtain second citizenship and passport at only $150,000 through the Sustainable Growth Fund (SGF). This is currently a limited time offer, however, and is only valid until 31 December 2020.

Government-Approved Real Estate

The second option is investing in the country’s real estate property. This option must be government-approved. Investors can purchase property with either a five-year or seven-year holding period. 

Five-year period

Applicants can invest in real estate valued at a minimum of $400,000. The real estate can only be sold after 5 years.

Seven-year period

Applicants can invest in real estate valued at a minimum of $200,000. The real estate can only be sold after 7 years.

Both the SGF and real estate investment options include additional government and due diligence fees and taxes that still need to be paid on top of this*

Benefits of St. Kitts & Nevis Citizenship

Some of the benefits of holding a St. Kitts & Nevis passport include: 

Fast-track process 

While the time to citizenship can take between 4-6months, there is also an option of an accelerated application process of 90 days. 

Visa-free and visa-on-arrival access

Obtaining a St. Kitts & Nevis passport will entitle investors to travel to more than 100 countries visa-free or visa-on-arrival. These countries include Croatia, Greece, Hong Kong, Russia and Portugal, to name a few. 

Lifetime citizenship 

St. Kitts & Nevis offers investors and their families lifetime citizenship and passport that is permanent. 

Tax benefits 

Investors are exempt from paying taxes on wealth, capital gains, inheritance, gifts and foreign income.  

Dual citizenship 

St. Kitts & Nevis recognizes dual citizenship, so investors will never be asked to renounce their original citizenship. 

No need to reside in St. Kitts 

Investors are not required to live and reside in St. Kitts when acquiring second citizenship and passport. 

Apply Today

Savory & Partners offers other various Citizenship by Investment programs to investors seeking second citizenship and passport. Whether investors are interested in European or non-European citizenship, each program is based on the rules and regulations governed by their own country.

You might also like: Dominica Welcomes Tourism & Provides Second Passport for Investors

Not everyone is eligible to qualify for second citizenship and passport. It’s essential that investors understand what the requirements for each program entail, before embarking on the journey of dual citizenship. Therefore, investors should consult with the right professionals as they will be able to give the right guidance and support. 

Savory & Partners also offer investors wishing to seek permanent residency status within Europe, Residency by Investment programs, along with Immigration by Investment programs for those wishing to immigrate to another country.

Our agency is government-approved and has assisted numerous families around the globe to obtain second citizenship and passport. Whether you’re in the market for second citizenship and passport or have a few questions about the benefits of dual nationality, we are here to help address all your concerns. We assist with the entire application process from start to finish and have a 100% success rate.

Related Article: St Kitts and Nevis Passport – Freedom of travel and secure future from home

Book your free online consultation today, or learn more about the different investment programs on offer. Contact one of our agents and secure a better, prosperous future for you and your family.

Apply Today

Our team of citizenship experts is available to answer your questions and assist you with your St Kitts and Nevis citizenship application on the following channels:

Jeremy Savory

About Jeremy Savory

Jeremy Savory, the founder and CEO of Savory and Partners, runs one of the world’s leading HNW citizenship by investment firms. The second passport company has coverage in over 20 jurisdictions including Europe.

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