There are two options for qualifying contribution for the St. Kitts and Nevis Citizenship-by-Investment Program:
1) Cash donation to the Sustainable Growth Fund (SGF option), Government Escrow Account.
2) 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. There is now another option where real estate at US$200,000 plus government fees can be purchased, but this can only be resold after 7 years under the same conditions.
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:
(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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