There are two options of qualifying contribution for the St. Kitts and Nevis Citizenship-by-Investment Program:
A) Cash donation to the Sugar Industry Diversification Foundation (SIDF option), Government Escrow Account. .
B) Investment in real estate through one of the Government approved real estate asset classes: freehold property with title deed; hotel shares; fractional ownership or land..
USD 400,000 is the minimum value of investment qualifying you and your family under the real estate option. This property can then be sold after a period of 5 years. Should the next buyer wish to obtain citizenship, they need to pay you the same USD 400,000 for the property.
This means a clear resale market and a level of capital guarantee. However, there will be some legal costs associated with the real estate purchase ranging from 1 – 5% of the property value, dependent on the property type. You can also rent out, re-finance and receive utility bills from some asset classes.
In addition to the purchase of real estate, there are Government fees to be paid:
There is also compulsory due diligence amount that needs to be paid to the Governments preferred agency. They will screen all applicants based on the application:
(Must be in full time education. Over 30 years is a single applicant.)
There are compulsory background checks payable to the Government preferred due diligence agency that will use Interpol, World Check and other Government agencies to screen applicants based on their application.
Savory & Partners professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.
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