St Kitts Passport By Investment Programme 2020 – The Definitive Guide

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Looking for a Plan B for your family in the US, UK or Europe in 2020? Tired of applying for Schengen Visas with a Nigerian passport? Then the St Kitts Passport By Investment Programme might be the answer you’ve been looking for. Contact us now for a free consultation, or find out more about St Kitts Economic Citizenship here.

About the St Kitts Passport Programme

 

Established in 1984, the Saint Kitts and Nevis Citizenship By Investment Programme put CIPs on the map globally. Offering the bearer visa-free access to over 150 countries worldwide, and boasting a price tag starting from only $150,000, it is unsurprising that the St Kitts passport programme has become one of the most successful and popular citizenship schemes in the world. According to a Winn FM report, by mid 2018, St Kitts had acquired over 16,500 new economic citizens, with over 4,000 of those passports issued in the 3 years since 2015.

The programme, to date, has raised more than $700 million in capital from foreign donors and investors, contributing over 26% of its total gross domestic product (GDP) by 2018.

About St Kitts and Nevis

Situated in Caribbean, St Kitts and Nevis (formerly known as the Federation of St Christopher and Nevis), is an island nation with a population of around 52,000. The country is a constitutional monarchy, with Queen Elizabeth II serving as its head of state.

The former colony became independent on 19 September 1983, and today features a Westminster style parliament.

Economic activity comprises sugar cane cultivation and tourism, however the real estate sector, catalysed by the country’s highly successful citizenship by investment programme, contributes meaningfully to overall GDP as well. English is the official language, with literacy rates standing at 96%. It is expected that a new Ritz-Carlton hotel, situated on the island’s southeastern peninsula and presently under construction, will be launching in 2021.

A new, state of the art cruise pier has also just been completed in Port Zante. Of the total $48 million required for the project, around $5 million was contributed by the St Kitts Citizenship Programme.

As of late 2015, St Kitts and Nevis’ export partners include the USA, Bangladesh, Poland and Azerbaijan, with the US receiving over 44% of its total expert products. Key import partners include the USA (at over 37%), Bardados as well as Trinidad and Tobago.

Why choose St Kitts for economic citizenship

 

While few investment citizens of St Kitts opt to relocate to the Caribbean island nation due to its relative remoteness, holding a St Kitts passport comes with a number of key advantages:

  1. INCREASED GLOBAL MOBILITY: With visa-free travel or visa on arrival to over 150 countries, including the entire EU and all of the British Commonwealth countries, the St Kitts and Nevis passport’s power is a highly compelling factor for Nigerian businesspeople. The passport is ranked as the 26th strongest in the world. The passport has also been one of the fastest gaining travel documents in a leading 2019 passport power index.

  2. EXCEPTIONAL AFFORDABILITY: The minimum donation for individual applicants starts from $150,000 excluding fees, with incremental increases up to 4 applicants for a contribution of only $195,000.

  3. NO MINIMUM STAY REQUIREMENT: In fact, you don’t even need to visit St Kitts and Nevis to start your application. You are, however, free to reside in the country for as many days per year as you like.

  4. UNRIVALLED DISCRETION: Limited disclosure of personal financial information required to apply.

  5. ULTIMATE PLAN B: St Kitts and Nevis recognises dual citizenship, and second citizenship rights can be passed on to your descendants.

  6. TAX HAVEN: Personal income, inheritance, gifts and capital gains are tax-free – unless an asset is sold in under 1 year, in which case the tax rate is 20%. A withholding tax of 10% is levied on rental income remitted internationally.

  7. FAST TRACK APPLICATION PROCESS: You and your family can obtain second citizenship in as little as 60 days, and the St Kitts and Nevis CIP application process is considered to be one of the least onerous ones in the world. Significantly, you don’t need to become a St Kitts and Nevis resident before you can become a citizen. You also don’t need to be interviewed, and you don’t need to to travel to St Kitts and Nevis at any point during the application process.

  8. FAMILY FIRST: The St Kitts and Nevis Golden Passport Programme is particularly flexible when it comes to family members’ ages. Unmarried children up to the age of 30 years are eligible to apply, as are parents and grandparents over the age of 55 years. 

  9. DUAL CITIZENSHIP: St Kitts recognises dual citizenship, so you don’t need to forfeit any rights or privileges to gain the benefits of second citizenship in this Caribbean country. 

Please note, however, that citizens of Iran, Afghanistan and North Korea are not eligible to apply for this citizenship programme.

Additional investment and donation options

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A non-refundable contribution of $195,000, (excluding professional services fees) to the Sugar Industry Diversification Fund (SIDF) of St Kitts and Nevis serves as the basis upon which you, your spouse and 2 dependent children can apply for second citizenship. The requisite contribution for a spouse is $25,000, with every additional family member requiring an additional contribution of only $10,000. This cost structure makes St Kitts and Nevis the most affordable citizenship by investment programme for large families.

A Sustainable Growth Fund (SGF) contribution was added to the line-up of eligible investment options in 2019.

Alternatively, you also have the option of investing $400,000 in government approved real estate, which can be sold again in 5 years’ time. As an additional concession, two investors may split the real estate investment cost of $400,000 (so $200,000 each), however in this instance the property may only be sold after a period of 7 years.

(The capital investment required for the real estate based option excludes government fees of around $75,000, and professional service fees of around $35,0000, depending on your family’s unique situation.)

St Kitts & Nevis Government approved real estate opportunities

 

As published ahead of January 2020, CIP eligible real estate developments in St Kitts include:

  1. BEACH & GOLF RESIDENCE LTD ST KITTS

  2. BEAUMONT PARK ST KITTS

  3. BELMONT GARDENS NEVIS

  4. BOTANICAL GARDENS NEVIS

  5. BUTLERS ESTATE RESORT RESIDENCES NEVIS

  6. CALYPSO BAY ST KITTS

  7.  CARIBBEAN GALAXY REAL ESTATE CORPORATION ST KITTS

  8. CARINO HAMILTON ESTATE NEVIS

  9. CHRISTOPHE HARBOUR ST KITTS

  10. FERN HILL VILLA DEVELOPMENT NEVIS

  11. FISHERMAN’S CABANAS LTD NEVIS

  12. FOUR SEASONS RESORT ESTATES NEVIS

  13. GOLDEN RISE VILLAS AND SPA NEVIS

  14. HERMITAGE HOTEL ST KITTS

  15. HILLSBORO SUNSET SUITES ST KITTS

  16. HORIZON VILLA ST KITTS

  17. KITTITIAN HILL

  18. KOI RESORT AND RESIDENCES ST KITTS

  19. LIVE NEVIS LIFE LTD

  20. MARRIOTT HOTEL ST KITTS

  21. MARRIOTT RESIDENCES ST KITTS

  22. MONTPELIER PLANTATION INN NEVIS

  23. MOUNT NEVIS HOTEL

  24. NEVISIAN SUNSET CONDOMINIUMS

  25. PELICAN BAY (EMBASSY SUITES BY HILTON ST. KITTS)

  26. KITTS CASTLE

  27. TAMARIND COVE MARINA NEVIS

  28. UNIVERSITY GARDENS CONDOMINIUMS ST KITTS

How does the St Kitts CIP compare to other Caribbean economic citizenship programmes?

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PROGRAMME MINIMUM INVESTMENT (1 PAX) VISA FREE COUNTRIES PROCESSING TIME
ST KITTS & NEVIS CIP $150,000 150 2-3 months
ANTIGUA & BARBUDA CIP $100,000 147 3-4 months
DOMINICA CIP 2020 $100,000 135

2-3 months

GRENADA CIP $200,000 130 3-4 months
SAINT LUCIA CIP 2020 $100,000 144 3-4 months

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