New Investment Opportunities for St. Kitts and Nevis citizenship

St. Kitts and Nevis Citizenship by Investment has announced the availability of a new Alternative Investment Option (AIO): privately owned, privately financed developments, known as Private Enterprise Developer (PED), and state-owned, privately financed developments, known as Public Good Project Developer (PGPD). The two additional investment alternatives are designed to give investors more flexibility and encourage Kittitians and Nevisians to participate more actively in the Citizenship by Investment Program.

Developers will put their own money to build their own project under the first Private Business Developer option, the privately financed AIO, provided it meets the Government’s criteria.

St. Kitts & Nevis Citizenship: Private Enterprise Developer

The first PED project permitted under this option is a three-bedroom villa where investors can purchase shares for a minimum of $200,000 to qualify for the Citizenship by Investment Program. It is a one-time sale option under the privately owned AIO umbrella and cannot be resold, as developers will regain possession of the share after a seven-year holding period. The aim is for the developer to be able to sell them to St. Kitts & Nevis residents at a lower cost than the National Bank. This avenue will offer investors an alternative to traditional real estate, while providing high quality housing at a reasonable price to local residents of St. Kitts & Nevis.

The OIA will help meet the growing demand for Citizenship by Investment in St. Kitts & Nevis, as well as directly address the requirements of applicants, particularly those that arose during the pandemic.

St. Kitts & Nevis Citizenship: Promoter of the Public Good Project

The PGPD option offers investors a cost-effective path to citizenship, with a family of four starting at USD 175,000. It is a timely introduction, as the Sustainable Growth Fund option under St. Kitts & Nevis’ Limited Time Offering (LTO) ended on December 31, 2021. Families of four could obtain citizenship with a contribution of USD 150,000 under the LTO, which has now expired. However, the donation amount has increased to USD 195,000 after the expiration of the offer, making the penal institution’s LTO option the most cost-effective for families.

What to Know about St. Kitts & Nevis

Once a sugar-growing region, the two-island federation has evolved into a safe and attractive tourist and civic destination. With its sunny, sandy beaches, excellent health care, low crime rate and excellent national infrastructure, St. Kitts & Nevis has become one of the fastest growing economies in the Caribbean.

St. Kitts & Nevis, also known as St. Kitts & Nevis in the country’s constitution, has been independent since 1983 and is part of the Lesser Antilles, a group of islands about 2,000 kilometers southeast of Miami. The federation consists of two islands: Nevis and St. Kitts. English is the official and commercial language. The British Commonwealth, CARICOM, the Organization of American States and other international organizations are members of the federation.

St. Kitts & Nevis citizenship program

Since 1984, the country has welcomed migrant investors with open arms, implementing the world’s longest and best managed citizenship by investment (CBI) program. In the global citizenship-by-investment program market, its program is known as the “platinum standard brand”. Investors are guided through an accelerated application procedure that allows full citizenship to be granted in as little as 60 days in most situations. No other citizenship-by-investment program from another country offers such an accelerated feature.

After making the required financial commitment, the investor and his or her family are granted citizenship and issued internationally respected passports that allow their holders to travel visa-free to 156 of the world’s 199 countries. The European Union, as well as the United Kingdom, Ukraine, Russia and almost all of South America, are among the 156 visa-free countries.

In addition to its excellent passport, St. Kitts & Nevis offers its emigrant investors excellent offshore banking and a wide range of insurance services in a favorable tax environment. For example, the country protects financial privacy by withholding information about the owners and senior executives of offshore companies based there. To incorporate a company in St. Kitts & Nevis, only one director and one shareholder are required, and the two roles can be played by the same person. Any foreign income earned by a trust in the country is tax-free. To avoid this type of complication, the two island countries have refused to sign tax treaties with other countries.

As mentioned above, the entire citizenship application process for immigrant investors in St. Kitts & Nevis is quick and simple. Within 60 days of making the investment and submitting the citizenship application, new citizens receive dark blue passport booklets with the typical gold lettering.

Investing in St. Kitts & Nevis opens up many possibilities. Having a passport from that prosperous Caribbean nation gives you access to all government privileges, both inside and outside the country. It’s also a fantastic plan B in case of emergency.

Orience is now processing applications under the new OIA, and can help you on your path to citizenship in St. Kitts & Nevis.