The Federation of Saint Christopher and Nevis, commonly known as St Kitts and Nevis, is a twin-island country of the Caribbean. Formed by volcanic activity, the islands have both white and black sand beaches, and are dominated by mountainous areas blanketed by vegetation.
Boasting one of the most successful economies in the Caribbean, and a real GDP growth rate of 5 percent for 2015 and 3.5 percent for 2016, the Federation can rival the more established economies of the west. The commercial centre of St Kitts and Nevis is Basseterre, the country’s capital city. Basseterre is home to a dynamic financial services industry, and hosts both the Eastern Caribbean Central Bank and the Eastern Caribbean Securities Exchange.
Construction and tourism are largely responsible for St Kitts and Nevis’ robust economic performance. In 2015, the Eastern Caribbean Central Bank (ECCB) reported over one million visitors to the island – over 200,000 more visits than in the previous year. New luxury resorts impacted the rising number of tourists, providing additional rooms and catering to the demands of high-end tourism.
Sustainable development and ecology are also national concerns of the islands, with Nevis on the route to achieving 100 percent green energy use, scheduled for the end of 2017. National parks, plantations, botanical gardens and eco-friendly resorts also receive Government support.
Nevis is also renowned for its attractive offshore financial services, particularly with respect to company incorporation and trust set up. The industry is highly regulated to ensure compliance with international anti-money laundering best practices.
As home to the world’s longest-standing Citizenship by Investment Programme, the Federation of St Kitts and Nevis has a 33 year-long history of leading the field of economic citizenship. Today, the Programme has earned a reputation as the ‘platinum standard’ of citizenship by investment, offering applicants the opportunity to partake in one of the most diversified economies of the Caribbean.
To qualify for citizenship under this Programme, applicants are invited to invest in either the Sugar Industry Diversification Foundation (SIDF) or pre-authorised real estate.
SIDF applicants can contribute a non-refundable sum of US$250,000 – a minimum threshold that increases as more individuals are included in an application. Contributions are redirected to projects that facilitate the country’s transition from an economy specialised in sugar production, to one that offers a variety of services and produce.
As an alternative investment option, applicants can purchase real estate worth at least US$400,000. A US$50,000 real estate Government fee is applicable for single applicants. The property must be retained for a minimum of five years.
The Citizenship by Investment Unit (CIU) is responsible for processing all applications for citizenship by investment. Processing of each application can take between 45 days and three months, and a VIP Accelerated Option, available at a premium fee, allows applicants to receive their passport within 60 days of date of submitting their application.
The process entails neither an interview, nor a language, education, or business requirement. Travel to the twin-islands is not obligatory, and no minimum residence stays apply either prior to or after citizenship is obtained.
Benefits of the St Kitts and Nevis Citizenship by Investment Programme include visa-free travel to over 130 countries and territories, the option to maintain multiple nationalities, and the opportunity to become a citizen of one of today’s fastest growing nations.