ST. KITTS AND NEVIS
CITIZENSHIP BY INVESTMENT
Citizenship by investment, also known as Economic Citizenship, may be acquired in St. Kitts and Nevis in two ways.
1. By a minimum contribution of US$250,000.00 and upwards, to the Sugar Industry Diversification Foundation (SIDF), depending on the number of family members applying. A fee of US$50,000.00 for each adult child applicant 18-25 years old attending uninterrupted school or college, is also payable.
(a) US$7,500.00 for due diligence background checks and processing fees for the
main applicant;
(b) US$4,000.00 for due diligence background checks and processing fees for each
dependent of the main applicant who is over the age of sixteen years;
The contributions to the SIDF as of January 1st, 2012 are as follows:
(i) Single applicant, a non-refundable contribution of US$250,000.00
(ii) Applicant with up to 3 dependents (i.e one spouse and two children under the age of 18) a non-refundable contribution of US$300,000.00
(iii) Applicant with up to 5 dependents (i.e one spouse and 4 children under the age of 18) a non-refundable contribution of US$350,000.00.
(iv) Applicant with up to 7 dependents a non-refundable contribution of US$450,000.00
(v) Additional contribution for each dependent above 7 dependents US$50,000.00.
OR
2. By a substantial investment of at least US$ 400,000.00 United States currency or its equivalent in East Caribbean currency in an “approved investment project”. This would normally be property such as a villa or condominium.
The Registration Fees applicable under the property option are:
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a. US$50,000.00 for head of household (male or female) or any other adult.
b. US$25,000.00 for either spouse.
c. US$25,000.00 for each child under 18 years, and
d. US$50,000.00 for unmarried dependant child of the applicant between the ages of 18 and 25 in an educational institution, with uninterrupted studies.
NB. Closing costs and transfer fees of approximately 10% of the purchase price of the property will also be required.
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With the exception of the spouse of the main applicant, where dependents over eighteen years form part of the Application, the Minimum Investment shall be an additional fee of US$50,000.00 per dependent which shall be payable to the Government (eg. Parents over age 65 living with, and totally dependent upon, main applicant, or dependent child over 18years and under 25 years and in continuous education).
The fee for each Certificate of Registration is US$47.00.
Once an item of real estate has been the basis of a successful economic citizenship application, that item of real estate shall cease to be an “approved investment” for any further application without prior approval of the Cabinet. The property must be held for at least 5 years.
APPLICATION FORMS
One set of original application forms for each person applying is purchased from Government at a cost of US$250.00 each.
For further information please contact:
MITCHAM & BENJAMIN
BARRISTERS and SOLICITORS
P.O.Box 440 Kennylin House,
New Street, Basseterre, St. Kitts.
Tel: 1(869) 465-2878; Fax: 1(869) 465-6077;
USA Tel: 1(678)367-4833;
Email: mitchambenjamin@yahoo.com;
Website: www.MitchamandBenjamin.com
VIEW SAMPLE APPLICATION FORM
New Economic Citizenship Regulations - Click Here
