{"id":33947,"date":"2020-12-20T10:16:15","date_gmt":"2020-12-20T06:16:15","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=33947"},"modified":"2021-02-18T01:02:01","modified_gmt":"2021-02-17T21:02:01","slug":"what-are-the-citizenship-by-investment-regulations-for-st-kitts-nevis","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/what-are-the-citizenship-by-investment-regulations-for-st-kitts-nevis\/","title":{"rendered":"What are the Citizenship by Investment Regulations for St. Kitts & Nevis?"},"content":{"rendered":"

The beautiful island of St Kitts & Nevis is a haven\u2019s paradise, boasting an array of white sandy beaches, tropical rainforests and impressive mountainous views. It\u2019s no wonder this island is a firm favourite for tourists looking for an escape. But did you know that St Kitts & Nevis also offers investors the opportunity to secure second citizenship and passport?\u00a0<\/span><\/p>\n

A Citizenship by Investment program is not a new concept. In fact, the St Kitts & Nevis\u2019 Citizenship by Investment program has been around for years and ranks as one of the most affordable programs, today. The Citizenship by Investment program itself gives investors an alternative to fall back on should anything happen within their country of origin. <\/span><\/p>\n

With countries forever changing their visa requirements or travel restrictions, Citizenship by Investment program helps investors to protect their assets and offers them and their families the guarantee of <\/span>dual citizenship<\/span><\/a>.<\/span><\/p>\n

\u201cOur clients are high-net-worth individuals from all over the world who hold a GCC residency.<\/span><\/a> If you look at the situation in their country, they are thinking, \u2018I need to have a plan B for peace of mind, security and to travel freely\u2019. Despite having clean travel profiles, they do face hassle in getting travel visas,\u201d explains Jeremy Savory, CEO and founder of <\/span>Savory & Partners.<\/span><\/a><\/p>\n

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St Kitts & Nevis\u2019 Citizenship by Investment program<\/span><\/a> is the oldest investment program in the world. Launched in 1984, the British Commonwealth island created this program to strengthen its ties with the rest of the world and to drive future economic stability further.<\/span><\/p>\n

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The program is based on the law & is guaranteed by the government since 1984.<\/p><\/div>\n

Today, it is considered as quite an affordable option to invest in, as many investors, in recent years, are now realizing the value in investing in <\/span>non-European citizenship<\/span><\/a> programs for second citizenship and passport.<\/span><\/p>\n

How much does a St. Kitts & Nevis Citizenship cost?<\/b><\/em><\/h3>\n

When it comes to St Kitts & Nevis\u2019 investment program, there are 2 direct options investors can take:\u00a0<\/span><\/p>\n

The first option is investing in the Sustainable Growth Fund. Investors can pay a non-refundable minimum contribution to the fund of $195,000 (for a family of 4) or a non-refundable minimum contribution of $150,000 (for a single applicant). Additional dependents cost an extra $25,000 each.<\/span><\/p>\n

However, since the island has seen a slowdown in economic growth since the COVID-19 pandemic, the government has decided to offer investors a discount on their family contribution for a limited time only. Active immediately, and valid only until 15 January 2021, the minimum contribution has decreased to $150,000 for a family of 4.<\/span><\/p>\n

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The second option is investing in government-approved real estate. Investors can either purchase real-estate valued at a minimum of $400,000, which can only be sold after 5 years; or valued at a minimum of $200,000, which can only be sold after 7 years.<\/span><\/p>\n

It is important to note that there are still other additional costs and fees that need to be paid in full on top of the above costs.<\/span><\/p>\n

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Thanks to this new temporary reduction, the St. Kitts & Nevis Citizenship by Investment program will reposition itself as an affordable and competitive alternative.<\/p><\/div>\n

What are the benefits of a St. Kitts & Nevis Citizenship?<\/b><\/em><\/h3>\n

There are many benefits to holding a St. Kitts & Nevis citizenship and passport, which include the following:\u00a0<\/span><\/p>\n