St. Kitts and Nevis citizenship by investment has announced the availability of a new Alternative Investment Option (AIO): privately-funded privately-owned developments, known as a Private Enterprise Developer (PED), and privately-funded state-owned developments, known as a Public Good Project Developer (PGPD). The two additional investment alternatives are designed to give investors more flexibility and to encourage local Kittitians and Nevisians to participate more actively in the Citizenship by Investment Programme.
Developers will put up their own money to build their own project under the first Private Enterprise Developer option, the privately-funded privately-owned development AIO, provided it complies with government criteria.
St. Kitts and Nevis citizenship: Private Enterprise Developer
The first PED project permitted under this option is a three-bedroom dwelling villa where investors can purchase shares for a minimum of USD 200,000 to qualify for the Citizenship by Investment Program. It is a one-time sale only option under the umbrella of privately owned AIO and it cannot be resold, since the developers will recuperate possession of the share after a seven-year holding term. The goal is for the developer to be able to sell them to St Kitts and Nevis residents at a lower cost than the National Bank. This path will provide investors with an alternative to traditional real estate while also providing high-quality housing at a reasonable price to local residents on St Kitts & Nevis.
The AIO will help satisfy the growing demand for Citizenship by Investment in St Kitts and Nevis, as well as directly address the requirements of applicants, particularly those who emerged during the pandemic.
St. Kitts and Nevis citizenship: Public Good Project Developer
The PGPD option offers investors a cost-effective path to citizenship, with a family of four starting at USD 175,000. It’s a timely introduction, as the Sustainable Growth Fund option under St Kitts and Nevis’ Limited Time Offer (LTO) concluded on December 31, 2021. Families of four might get citizenship for a contribution of USD 150,000 under the now-expired LTO. However, the donation amount has increased to USD 195,000 after the offer expired, making the penal institution AIO option the most cost-effective for families.
What to know about St Kitts & Nevis
The two-island federation, previously a sugar-growing region, has evolved into a safe and appealing tourist and citizenship destination. With its sunny and sandy beaches, excellent healthcare, low crime rate, and sterling national infrastructure, St Kitts and Nevis has become one of the Caribbean’s fastest growing economies.
St. Kitts and Nevis, also known as Saint Christopher and Nevis in the country’s constitution, has been independent since 1983 and is part of the Lesser Antilles, a group of islands roughly 2,000 kilometers southeast of Miami. The federation is made up of two islands: Nevis and St. Kitts. English is the official and commercial language. The British Commonwealth, CARICOM, the Organization of American States, and a number of other international organizations are all members of the federation.
St Kitts & Nevis citizenship program
Since 1984, the country has welcomed investor migrants with open arms, operating the world’s longest and best-managed Citizenship by Investment Programs (CBI). In the global marketplace of citizenship by investment schemes, their program is known as the “platinum standard brand.” Investors are guided through an expedited application procedure that allows full citizenship to be granted in as little as 60 days in most situations. No other country’s citizenship by investment program offers such a good expedited feature.
After making the required financial commitment, the investor and his or her family are awarded nationality and issued internationally respected passports that permit their bearers visa-free travel 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 and Nevis provides excellent offshore banking and a wide range of insurance services in a tax-friendly environment to its investor migrants. For example, the country protects financial privacy by withholding information about the owners and top executives of offshore companies based there. To incorporate in St. Kitts and Nevis, only one director and one shareholder are required, and the two roles might be held by the same person. Any foreign income earned by a trust in the country is tax-free. To prevent such complications, the two island countries have declined to enter any tax treaties with other countries.
As previously stated, the entire citizenship application process for migrant investors in St Kitts and Nevis is quick and straightforward. Within 60 days of making the investment and submitting the citizenship application, the new citizens receive dark blue passport booklets with typical golden letters.
Investing in Saint Kitts and Nevis opens a lot of possibilities. Having a passport from that prosperous Caribbean nation entitles you access to all of the government’s privileges, both inside and outside the country. It is also a fantastic Plan B in the event of an emergency.
Orience is now processing applications under the new AIO, and can assist you with your journey to citizenship in St. Kitts and Nevis.