The St Kitts and Nevis citizenship by investment program on MW (CIP) is one of the world’s pioneering and most popular routes to second citizenship. Established in 1984, the program grants citizenship to vetted applicants who make a qualifying contribution to the country’s Sugar Industry Diversification Fund.
In exchange, investors gain visa-free access to nearly 160 countries, the right to live and work in St. Kitts and Nevis, and citizenship for life which can be passed down to future generations.
Here is an overview of everything you need to know about St. Kitts and Nevis’ citizenship by investment program by Migrateworld:
There are currently two approved investment options:
1) Donation to the SIDF – An applicant can make a one-time non-refundable contribution of $150,000 for a single applicant, or $195,000 for a family of 4.
2) Purchase of Real Estate – Investing a minimum of $200,000 in designated real estate, plus additional government fees. The real estate must be held for 7 years.
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St. Kitts and Nevis has a rigorous vetting process. Applicants must provide police certificates and undergo multi-tier due diligence checks on identity, background and the source of funds. Dependents over 18 are also screened.
After selecting an authorized agent, applicants file required documents including birth/marriage certificates, passports, proof of funds, medical forms, and more. Processing takes around 3-4 months. Applicants interview in-person once before oath-taking.
Some key benefits of St. Kitts and Nevis citizenship include:
– Visa-free access to 156 countries including the UK and EU’s Schengen zone
– Dual citizenship allowed, no requirement to renounce current nationality
– No language test or interview required
– No residency obligation – citizens can live anywhere
– Citizenship extends to future generations
– Tax-free status on foreign income, no worldwide taxation
– Competitive passport ranking 28th strongest in the world
Citizenship can also be granted to dependent children and spouses, and parents over 55 years old.
While St. Kitts and Nevis citizenship provides tax-free foreign income, citizens must still pay taxes if they reside in the country for more than 183 days annually.
The St. Kitts and Nevis CIP is best suited to:
– Families seeking security, freedom of movement and education options
– Entrepreneurs who travel frequently and have global business interests
– Investors who can afford the one-time contribution and desire fast processing
– Retirees looking to stretch pensions in a tropical climate
With one of the world’s longest running CIPs, St. Kitts and Nevis offers a direct route to alternative citizenship starting from $150,000. Thoughtful applicants seeking security and mobility will gain unmatched benefits.