St. Kitts and Nevis Citizenship by Investment Program.

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Presentation transcript:

St. Kitts and Nevis Citizenship by Investment Program

St. Kitts & Nevis Citizenship by Investment Program

The Federation of St. Kitts & Nevis Two-island nation in the Caribbean Sea Capital city of Basseterre is located on St. Kitts Achieved independence from Britain in 1983 Currency is the Eastern Caribbean Dollar Economy based mainly on agriculture (e.g sugar production), tourism, and light manufacturing Population of 49,898 people Combined area of 101 square miles (261 square kilometers)

Citizenship by Investment Program Program began in 1984 Program’s purpose is to attract investors of good character, who will make a substantial contribution to St. Kitts & Nevis Investment funds contribute to the development of the nation The Constitution allows applicants to invest in St. Kitts & Nevis and receive citizenship without a residency requirement

Program Benefits Life-long citizenship in a British Commonwealth country No residency requirement Dual citizenship permitted Visa-free travel to many countries worldwide Children may avoid military service in their home country Off-shore bank accounts, investments, and St. Kitts- incorporated companies give unique opportunities for business and tax planning Passports received in approximately 3 months

Visa-Free Travel Visa-free travel to the United Kingdom Visa-free travel to the European Union Visa-free travel to Canada Visa-free travel to Hong Kong Visa-free travel to many other countries worldwide Visas for the United States are easily obtained

Criteria Dependent children must be under age 25, fully dependent, and unmarried No minimum net worth, No education requirement, No maximum age, and No business experience needed No requirement to visit St. Kitts & Nevis and No interview 2 investment options: Invest in a Government-approved real estate development project (USD $350,000 plus fees); OR Make a contribution to the Sugar Industry Diversification Foundation (USD $200,000 - $400,000, depending on number of family members, plus fees)

Application Process Complete medical examination Submit citizenship application and supporting documents Invest in real estate or contribute to the Sugar Industry Diversification Foundation Pay Government fees Citizenship certificate is issued Submit passport application and supporting documents Passport issued

Approved Real Estate Projects Silver Reef (available immediately) 62 condominium development Ocean’s Edge (available immediately) condominium and 32 villa development Kittitian Hill (available mid-2011) development to include villas, cottages, townhouses, and golf course

St. Kitts and Nevis Citizenship by Investment Program