St Kitts and Nevis has introduced two new investment options for obtaining citizenship of the Federation. The first is purchasing a private home, and the second is partaking in an ‘alternative investment.’
St Kitts and Nevis is already widely recognised as the Platinum Standard of investor immigration, presenting aspiring citizens with the opportunity to invest either in a fund dedicated to ensuring the nation’s sustainability or in pre-approved real estate developments. The two new investment options aim to bring greater freedom of choice to investors and encourage local Kittitians and Nevisians to participate more directly in the Citizenship by Investment Programme.
The Private Home Option
Under the private home option, applicants will be able to buy any private home worth US$400,000 or more. The valuation must be exclusive of the land on which the home sits, and properties must be sold as single units. Therefore, an apartment block would need to be sold in a single transaction without being divided into multiple independent apartments. Shares of properties will also not be eligible.
More than one main applicant can come together and purchase one property if each contributes US$400,000 – an interesting option for family members who are applying separately with their families.
Applicants who obtain citizenship by buying a private home will not be able to sell the home for five years from the grant of citizenship. Moreover, their property will never be eligible for use in another citizenship by investment application.
The private home option is currently only envisioned to last until 1 November 2022.
The Alternative Investment Option
Under the alternative investment option, applicants will be able to invest a minimum of US$200,000 in a project that must:
- have received 30 percent of the total investment required for its completion;
- not obtain the entirety of the funds needed for the completion from citizenship by investment; and
- be approved by the St Kitts Investment Promotion Agency and Cabinet.
Sustainable Growth Fund
Although the Sustainable Growth Fund option has existed for several years, under a new updated, a family of up to four can take advantage of an extended limited time offer to invest a one-time non-refundable amount of US$150,000 until 31 December 2021. The investment amount is the same for single applicants.
Funds generated under this option are used in health, education and infrastructural sectors across the islands.
Approved Real Estate
Applicants can also gain citizenship in St Kitts and Nevis by investing in government-approved real estate developments, such as hotels, resorts and other tourist properties. The investment starts from US$200,000, if held for seven years before resale, or US$400,000, if held for five years before resale. To learn more about this option, click here.
How can I find out more?
If you want to learn more about the new investment options under the St Kitts and Nevis Citizenship by Investment Programme or have questions about what option may be best for you, please contact CS Global Partners. Our citizenship experts offer free consultations and ensure our clients are assisted until the end of their citizenship by investment journey.