St Kitts and Nevis: St Kitts and Nevis offer the “Platinum Standard” Citizenship by Investment Programme, launched in 1984 and has been the pride of the Caribbean ever since. While emerging as the favourite destination for wealthy people, the friendly and peaceful shores of St Kitts and Nevis are an ideal destination for individuals seeking a respite from the chaos of the world.
Known as Paradise of the Caribbean, St Kitts and Nevis is now represented as the “Platinum Standard” of the Citizenship by Investment Programme as it stands as the oldest and one of the most trusted, successful programmes of its kind. All other CBI programmes are benchmarked against that of St Kitts and Nevis.
Due to its place as the leader in the investment industry, the world put its eyes on St Kitts and Nevis as it has emerged as one of the most sought-after destinations when it comes to investment and leading a life of opportunities and stability. The country is home to the world’s first and one of the most trusted Citizenship by Investment Programmes. The twin-island federation welcomes people with a stable, safe and peaceful environment.
What is Citizenship by Investment Programme of St Kitts and Nevis?
The alternative citizenship of St Kitts and Nevis is provided to investors in exchange for the financial contribution of USD 150,000 to the country’s economy. The alternative citizenship of St Kitts and Nevis may be attained by an individual whose age is more than 18 years. An applicant can also add additional dependents such as spouse and children.
Interested applicants have to contribute to the Sustainable Growth Fund (SGF), also known as the Fund option, to become a citizen of the twin-island nation.
Established in 2018, the fund option was aimed at supporting various socio-economic initiatives in the country. It has also assisted in the ongoing advancement of St Kitts and Nevis and enhanced the future of investors, as well as the future of St Kitts and Nevis.
The funds generated by the citizenship by investment programme of St Kitts and Nevis have been used to provide financial assistance to educational institutions and medical facilities in the nation, as well as to provide additional funding for the construction of infrastructure, the development of local tourism, the preservation of local culture and heritage and the support of sustainable growth initiatives in the country.
Here are some reasons to invest in the Sustainable Growth Fund (Fund Option):
- The SGF is known swiftest path to the world’s economic citizenship programme known as St Kitts and Nevis Citizenship by Investment Programme
- The discrete channel of investment always ensures the privacy of its investors
- The streamlined and efficient process of citizenship, with the strongest due diligence procedures in the world, protects the investment
- The programme facilitates an investor becoming a global citizen and opens doors to numerous investment opportunities
- The alternative citizenship is for life and can be passed on to future generations, which secures the future of the investors and their families
- The funds generated from the investment option will assist in the continued prosperity of the strong and growing nation
The Sustainable Growth Fund will:
- It helps to ensure the health and well-being of a growing population
- The SGF aims to develop climate resilience, protecting the twin islands against the future effects of climate change
- It is the perfect platform to build solid and sustainable infrastructure that will stand the test of time
- Fund option helps to promote St Kitts and Nevis’ booming tourism sector
- It shares the distinct cultural flavour of the nation’s people
- It support indigenous entrepreneurship
The St Kitts and Nevis’ Fund option represents the ongoing advancement of the country to realised its potential as a prospering small-island nation with an accelerating economy.
In order to further enhance the attractiveness of the CBI Programme, the newly appointed head of the Citizenship by Investment Unit, Michael Martin, announced some significant changes, especially in the Sustainable Growth Fund. It has decided to make a Limited Time Offer (LTO) for a period of 6 months from January 1 to June 30 2023.
With the new amendments, St Kitts and Nevis is offering applicants a chance to get citizenship in as little as 60 days through its Sustainable Growth Fund – the revenue from the Fund is aimed to facilitate economic development and social upliftment in the country.
The fund option has become one of the quickest routes to alternative citizenship in St Kitts and Nevis. With the Limited Time Offer, the main applicant, following stringent background checks, can make a minimum investment of US$125,000 to the Fund and receive approval in principle within 60 days of submission of the application. The offer will be applicable only from January 1, 2023, to June 30, 2023.
Under the Limited Time Offer, investment options are as follows:
- Single applicant – US$ 125,000
- Main applicant and a spouse – US$150,000
- Main applicant, spouse and two dependants – US$170,000
- Each additional dependant under 18 – US$10,000
- Each additional dependant over 18 – US$25,000
From July 1, 2023 onwards, applicants investing through the Sustainable Growth Fund will be charged as follows and can expect approval in principle within 90 days of submission of the application.
- Main applicant – US$150,000
- Main applicant and a spouse – US$175,000
- Main applicant, spouse and two dependants – US$195,000
- Each additional dependant under 18 – US$10,000
- Each additional dependant over 18 – US$25,000
These changes are part of the government’s tireless efforts to create conditions necessary for sustainable economic growth and diverse business opportunities. The amendments have once again made St Kitts and Nevis once again leading the way for the investment immigration industry – adding a new layer of integrity to truly accelerate the country’s economic diversification and empower and prosper local citizens while creating an enriching base for intelligent investors.
In a recently held webinar, Michael Martin highlighted the significance of the programme and the impact of the Limited Time Offer on the demand for the CBI Programme of St Kitts and Nevis among HNWIs. He called the introduction of Limited Time Offer a new layer of integrity to the CBI programme during a special webinar..
The aim of the webinar was to shed light upon the significance of St Kitts and Nevis citizenship by investment programme for smart and sustainable-minded investors. He stated that the twin-island Federation has emerged as a vibrant and upward-moving economy.
While highlighting the aspects of LTO, Martin asserted that the special offer on the Sustainable Growth Fund is a bold move and helps to maintain the platinum standard of the CBI programme.
The introduction of the Limited Time Offer also accelerated the country’s efforts to diversify the economy and empower people while providing a rich base for investors.
Michael Martin added that the government of St Kitts and Nevis is working to ensure that despite the Limited Time Offer, the citizenship by investment programme remains the safe and secure choice. He also emphasized the multi-layered due diligence process.
He added, “Last year, the government of St. Kitts and Nevis took concrete steps to update and improve some parts of the citizenship by investment programme to make sure it continues to meet the needs of a smart investor looking for a good place for their family and business.”
Outlining the benefits of the LTO, Michael Martin mentioned that it will benefit the applicants with the reduction of the minimum amount of contribution payable by them. Moreover, there will no longer be a need to pay an additional amount for Accelerated Application Process for shortening the processing timeframe from 90 days to 60 days at no additional cost. This offer will provide the applicant with a fasten and swift processing.
“This programme is beneficial to them in many ways; benefits to international investors include enhanced global mobility and opportunity to do business, no matter where they are in the world. It also includes enjoying our nation’s stability and safe lifestyle,” he added.
Michael Martin also pointed out the significance of the due diligence and announced that the Citizenship by Investment Technical Committee will be appointed. It will ensure robust background checks and comprehensive due diligence so that all citizenship by investment applications are reviewed thoroughly. This committee will also be tasked with making recommendations to the Prime Minister in his capacity as Minister of National Security, Immigration and Citizenship.
The Head of CIU promised to maintain the platinum standard and integrity of the Citizenship by Investment Programme so that it could always remain the number one choice for the HNWIs for investment.
St Kitts and Nevis ensured the multi-layered approach to grant citizenship only to the reputed as well as honest individuals who possess no criminal or financial fraud backgrounds. Strict screening procedures are conducted to ensure and cross-verify each and every aspect declared in the application by the applicant. Not only that, but the background checks also verify the source of income of the investor seeking alternative citizenship. Following this, individuals’ details such as their residency, their source of funds and occupation are checked.
Steps to apply for citizenship by investment programme of St Kitts and Nevis:
- Choose an authorized agent
- Submission of the citizenship application
- Application processing by the CIU, internal and external due diligence checks
- Approval in principle
- Contributions to the Sustainable Growth Fund (SGF)
Benefits of Citizenship by Investment Programme of St Kitts and Nevis:
- Open routes to a global market: The citizenship by investment programme of St Kitts and Nevis offers the perfect platform to get access to the global market.
- Opportunity to become a global citizen: It gives a chance to become a global citizen.
- Enables to add additional dependants under one application
- Offers numerous business opportunities: The Citizenship by Investment Programme of St Kitts and Nevis provided numerous business opportunities.
- Portfolio Diversification
- An efficient platform for wealth planning
- Global Mobility
- Citizenship for Life
- Safety and Security
Citizenship by Investment Programme of St Kitts and Nevis is ranked as the world’s best in the CBI Index 2022 published by the PWM Magazine of the Financial Times for the second year in a row.
St Kitts and Nevis scored 81 points and 90 percent in the report. The full marks in the six pillars of excellence reflected the priorities of the investors, which are as follows:
- Mandatory Travel or Residence
- Citizenship Timeline
- Ease of Processing
- Due Diligence
- Certainty of Product
Citizenship by Investment Programme of St Kitts and Nevis was the only programme to get full points in the “Citizenship Timeline” pillar of the CBI Index, where the report recognized its Accelerated Application Process as it offers for an additional fee, an applicant can obtain their citizenship within a maximum of 60 days instead of the standard processing time of approximately three months.
The world has entered into 2023 with the hope of new opportunities and stable life. However, the year 2022 has done a lot to plague the world with instability and uncertainty, alarming people to escape the challenges and restrictions with the perfect platform for investment into the future.
In the world of shocks from geopolitics, almost everyone has fantasized about protecting their wealth, assets and life in the peaceful, calm surroundings of the beautiful island. Both developed and developing countries have been facing political conflicts or malfunctioning societies, making people feel their freedom is threatened. In these situations, looking to relocate to a different country while seeking peace and stability is neither a far-fetched thought nor a selfish act.
In the pursuit of better opportunities, stable life, and a platform for growing wealth, families, entrepreneurs, and High-Net-Worth Individuals (HNWIs) became one of the most well-suited groups for investing in the Citizenship by Investment Programmes of St Kits and Nevis.
St Kitts and Nevis has emerged as perfect platform for the wealth planning in the world full of uncertainty.