Published on 5 October 2017 by Olga Voirin
The blueprint for citizenship by investment across the globe, the St Kitts and Nevis Programme is a trusted option for businesspersons looking for a new citizenship.
Despite the reassurance that the Federation of St Kitts and Nevis has the world’s oldest (at 33 years) and most trusted Citizenship by Investment (CBI) Programme, in the past 18 months it has reinforce its processes and due diligence procedures to ensure that it maintains this leadership honour and investor confidence. The Government of St Kitts and Nevis is dedicated to diversifying the economy through CBI. At the same time, candidates who desire dual citizenship are assured that their streamlined application for citizenship, entailing an investment in either the Sugar Industry Diversification Foundation (SIDF) or a pre-approved real estate project, will provide them with the security of an alternative home and work base. The SIDF option enquires a US$250,000 contribution to the Foundation for a single CBI applicant. The Foundation uses that contribution to drive economic empowerment through loans and grants to new projects, students, and exciting small and medium-sized enterprises. Should a CBI applicant prefer to invest in real estate, a minimum of US$400,000 must be invested in preapproved developments – the range of which will more than satisfy large families, single students, retired couples, and entrepreneurs wishing to acquire tourist rental property, or a luxurious home. Successful CBI candidates are rest assured that, because the dual citizenship application is completely confidential, their identities remain private. There is also no requirement to attend an interview or take residence in St Kitts and Nevis, as applications can be processed and facilitated abroad. The opportunity to include all direct family members in the CBI Programme ensures the wellbeing of dependants and provides them with increased freedom for life.