Saint Kitts and Nevis Presents An Alternative Investment Option/
Saint Kitts and Nevis, which offers one of the oldest citizenship by investment programs, has officially announced a new third investment option.
Previously, an investor had the opportunity to:
Make a donation to the Sustainable Growth Fund - an investment option for Saint Kitts and Nevis Citizenship by Investment Program launched by Prime Minister Timothy Harris in March 2018. The minimum investment amount is US$150,000.
Invest in real estate: in a government-approved project or private home. The minimum investment required by law for a real estate development is US$200,000 (resaleable after 7 years) or US$400,000 (resaleable after 5 years) for each main applicant. The sale of qualifying private homes under the Citizenship by Investment Program is permitted for a limited period until November 1, 2022. All homes with an appraisal value of over US$400,000 that meet the other criteria may qualify for sale.
These options remain, but a new one is joining them - the Alternative Investment Option (AIO).
Potential projects must be identified and submitted by the government or may be proposed by individuals with access to funding who approach the government with potential projects not on the government's infrastructure list.
There will be two AIO categories:
A Public Good Project Developer (PGPD), where the State owns the asset at the end of an agreement. These projects are fully funded by the PGPD and locked in “up front”. The minimum Unit of Investment will be US$175,000.00. All other fees will apply as per the real estate option.
A Private Enterprise Developer (PED), where the built or funded asset is privately owned. In this option, the minimum Unit of Investment will be US$200,000.00, and standard real estate government fees will apply.
FIND OUT MORE ABOUT ST. KITTS AND NEVIS CITIZENSHIP BY INVESTMENT PROGRAM
From year to year, more and more investors are interested in St. Kitts and Nevis Citizenship by Investment program. The country receives awards for one of the best countries offering such an investment opportunity, signs new visa-free travel agreements with other countries, and develops an investment direction.
Advantages of St. Kitts & Nevis Citizenship by Investment Program:
Quick processing: the citizenship is granted in 60 days (via Accelerated Application Process - AAP)
Zero tax: St. Kitts & Nevis imposes no income, wealth or inheritance taxes.
An applicant does not need to visit St. Kitts & Nevis in order to qualify for citizenship, although all applicants are subject to a strict due diligence check.
St. Kitts & Nevis recognizes dual citizenship, so you can still benefit from your current citizenship.
Good visa-free travel: With a passport of St. Kitts & Nevis you can travel visa free and worry free to more than 140 countries in the world, including all Europe and Union countries, the United Kingdom, Ireland, Caribbean and Commonwealth nations. Citizens can often acquire long-term travel visas to the United States of America.
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