Citizenship Investment in St. Kitts and Nevis
Several countries, including St. Kitts and Nevis, have adopted programs which allow the acquisition of citizenship on the basis of an investment and/or a direct contribution to the state as a means of development of the country.
Background and Legal Considerations
The Citizenship Program of St. Christopher (St. Kitts) was established in 1984 and requires applicants to make an economic contribution to the country. In exchange, they and their families are granted full citizenship.
To qualify for citizenship, the applicant must make either an investment of at least USD 400,000 in one of the approved real-estate developments in addition to paying government fees, other fees and taxes, or alternatively making a contribution to the Sugar Industry Diversification Foundation (SIDF, a public charity) starting from USD 250,000 (for a single applicant), or a non-refundable contribution to the Hurricane Relief Fund (HRF) of an amount starting from USD 150,000 for an applicant with up to three dependents (available until 31 March 2018).
The regulations regarding citizenship-by-investment in St. Kitts and Nevis are contained in Part II, Section 3 (5) of the Citizenship Act, 1984. These provisions allow the government to operate a program under which citizenship is granted to persons who qualify under criteria set by cabinet decision.
Requirements and Procedures
Acquisition of citizenship under the donation option requires an applicant to make a non-refundable contribution to either the SIDF or HRF.
The SIDF is a non-profit foundation established for the purpose of supporting the former sugar workers, conducting research into the development of industries to replace the sugar industry, funding the development of these alternative industries and providing further support to secure the sustainability of the national economy. The SIDF has been designated as a special approved project for the purposes of the St. Kitts and Nevis Citizenship-by-Investment Program; its accounts are public and are annually audited by a large international audit firm.
The HRF is a fund established to make a positive impact on the country and its people allowing for the speedy recovery of infrastructure and homes after an active hurricane season.
An applicant may make a contribution to the SIDF or HRF according to the following criteria:
|1.||A single applicant is required to make a contribution of USD 250,000 (SIDF Option)|
|2.||An applicant with up to three dependents is required to make a contribution of USD 300,000 (SIDF Option)|
|3.||An applicant with up to three dependents is required to make a contribution of USD 150,000 using the newly introduced HRF Option (available until 31 March 2018)|
|4.||A contribution of USD 25,000 is required for each additional dependent, regardless of age|
Under the SIDF and HRF, with each of the criteria listed, the total amount includes all government fees but excludes due diligence fees, which are the same for the real estate option. All options allow for a dependent between 18 and 30 years to be included in the application of the main applicant, if the dependent is a full-time student and is financially reliant on the main applicant. The government also allows for parents and grandparents over the age of 55 to be included in the application as dependents, if they are living with and are fully supported by the main applicant.
Fees and Costs
Henley & Partners charges different fees depending on the case and the number of persons included in an application, and also depending on whether the real-estate, HRF, or SIDF option is chosen. The full agreed fee (less any retainer paid initially) is paid into an escrow account in advance and is released when the application is submitted to the government.
Please enquire for further information on what fees would apply in your case.
Citizens of St. Kitts and Nevis are allowed to hold dual citizenship, and the acquisition of citizenship is not reported to other countries.
When you acquire citizenship under the St. Kitts and Nevis citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.
As citizens of St. Kitts and Nevis, you and your family are issued with passports which allow visa-free travel to 140 countries and territories worldwide, including all of the EU.
Of course you have the right to take up residence in St. Kitts and Nevis as well as in most of the CARICOM member countries at any time and for any length of time. You are not liable for taxation, even if you decide to reside in St. Kitts and Nevis, as there are no direct personal taxes whatsoever.
Great care has been taken to provide the best possible safeguards for persons entering any of the programs.
Henley & Partners has been appointed by the Government of St. Kitts and Nevis and is officially authorised to handle applications under its Citizenship-by-Investment program. For the client's protection, a written agreement is signed between the applicant and Henley & Partners prior to accepting any mandate to handle an application.
The granting of citizenship is of course at the sole discretion of the government of St. Kitts and Nevis. We cannot therefore guarantee that any applications will be approved. However, we check each applicant's individual situation prior to accepting a mandate and prepare each application carefully.
As we handle all applications ourselves and do not use any intermediaries, our clients can rely on us for utmost confidentiality and efficiency. Henley & Partners is the leading firm in this field, with an international presence in key jurisdictions worldwide. Individuals as well as other consulting and law firms worldwide rely on us for specialist advice and assistance in this delicate area where our expertise and experience are second to none.
How to proceed
Upon request and payment of a retainer fee (for applicants who are not already clients of the firm), a complete set of required forms as well as an application guide with detailed explanations regarding all forms and documents will be prepared and sent to you by courier. Your documents are always delivered by courier, and all courier charges are included in our fees.
To proceed, to receive further information on the program or to arrange a private consultation please contact us today.
Henley & Partners in St. Kitts and Nevis
Through its office in St. Kitts, Henley & Partners has been helping foreign nationals in acquiring citizenship through the Citizenship-by-Investment Program for nearly 20 years. The firm has unrivalled expertise and experience in relation to this program, having been mandated by the Government of St. Kitts and Nevis to reform the Citizenship-by-Investment program in 2006/2007 and to design the new contribution option at that time. The changes introduced by the Government in 2007, with the professional assistance of Henley & Partners, including the creation of a dedicated Citizenship-by-Investment Unit, the streamlining of processes, redesign of application forms and procedures, and the international careful promotion of the program, made the St. Kitts and Nevis Citizenship-by-Investment program one the most successful programs in the world until a few years ago.
The specialized services of Henley & Partners are also a resource and complement the services of other consulting and law firms. We frequently assist other firms and their clients with the unique and specific details required by the acquisition of citizenship under the Citizenship-by-Investment program.
Individual clients as well as other consulting and law firms worldwide rely on us for professional advice and assistance in this delicate area where our expertise and experience are second to none.