Through the St. Kitts citizenship by investment program, investors and their families can receive a passport of the country in only 60 days without living there or passing a language mastery test. But in return, they must make sufficient investments in the country’s economy and pass background checks.
In this article, with the help of experts from the Immigrant Invest company, we will go over all possible investment options, the application process, and the benefits of St. Kitts and Nevis citizenship.
Navigate through the article:
Why Take the Passport of St. Kitts?
St. Kitts investment citizenship has certain prominent features:
- With an additional fee, the entire process can take only 60 days.
- There is no need to visit the country to complete the application.
- No mandatory residence or language test requirements.
- An investor can apply with up to three family members together.
- Visa-free regime with 157 countries.
- No worldwide income tax.
- Dual citizenship allowed.
- Possibility to live with family in a beautiful island country in the Caribbean.
How to Apply for St. Kitts Investment Citizenship
The application process is governed by St. Kitts Citizenship by Investment Unit. Their duties include processing the personal data of an applicant to confirm that he/she:
- Has reached 18 years or older.
- Has no criminal record.
- Is of outstanding character.
- Has sufficient funds to fulfill the chosen investment option.
In general, background checks and application processing take four months, which is already quite fast. If the matter is urgent, an applicant can go through the Accelerated Application Process, which only takes 60 days, for an additional fee.
How to Get Citizenship in St. Kitts and Nevis Through Investment?
St. Kitts citizenship by investment program has two available options:
- A non-refundable donation of $150,000 or more to a national Sustainable Development Fund.
- An investment in real estate on the islands.
For applicants choosing the second option, the St. Kitts citizenship cost will depend on the type of property they buy. According to Zlata Erlach, an Immigrant Invest investment citizenship expert, there are three types of property in the program:
- Private
- Approved real estate
- Alternative projects
The first one is single-family homes and apartments that applicants can rent or live in. The minimum value requirement for them is $400,000 with mandatory 5-year ownership. Note that joint investment is not available for this type of real estate, unlike the two others.
The second is government-approved commercial real estate. It includes hotels and resorts, villas, apartment complexes, and similar properties. The minimal required value depends on how long you won’t resell it and starts at $200,000. Both single and joint ownership is allowed.
And at last, alternative investment options are socially important government projects, such as affordable housing. Here, the minimal requirement starts at $175,000 with 7 years of mandatory ownership of a share. Only joint ownership is allowed, and in case of an application getting called off, this type of property is non-refundable.
There are more topics to cover when talking about investing in real estate. To find out more about taxation, maintenance, and perceived rent income, check out this article about Saint Kitts citizenship by real estate investment: https://immigrantinvest.com/blog/stkitts-real-estate-citizenship-en/.
Conclusion
St. Kitts citizenship by investment program allows getting the passport of the country for a family of four in only 60 days. The available investment options are non-refundable donations or the purchase of real estate on the islands. The benefits of St. Kitts and Nevis citizenship are a low tax regime, visa-free travel to over 150 countries, no residence obligations, and allowed dual citizenship.
