Investors can obtain St Kitts and Nevis citizenship if they make a non-refundable contribution of $150,000+ to the government Sustainable Growth Fund. The fund operates within the St Kitts and Nevis Citizenship by Investment Program framework.
The prime minister of St Kitts and Nevis established the Sustainable Growth Fund in 2018. It replaced the Sugar Industry Diversification Foundation (SIDF) and the Hurricane Relief Fund (HRF).
The SGF finances projects that fight climate change. For example, the fund money was sent to help those affected by Irma and Maria hurricanes in 2017.
The government fund also finances the Poverty Alleviation Programme (PAP) in St Kitts and Nevis. $80 million went to aid those who were affected by the pandemic. Yet another $40 million was used to stimulate the economy: in 2021, the country’s GDP increased by 5.5%.
The fund’s money also goes for the development of the sport. For example, they helped to build new cricket fields and a stadium for track athletes. Cricket and track-and-field athletics are very famous in St Kitts and Nevis.
The government also develops the county's infrastructure using the fund's money. One of the examples is the building of port Zante for $48 million.
Amount of investment required for an SGF contribution
The sum increases if the investor adds their family members.
To add a spouse, the investor needs to pay an additional $25,000.
Adding children and parents, regardless of age, costs $10,000 per person..
The addition of siblings is another $20,000 per person.
As every family member over 16 years old needs to undergo Due Diligence, its cost also depends on the number of applicants. The investor alone needs to pay $7,500; the check cost for other persons is $4,000 per individual.
4 reasons to choose the St Kitts and Nevis citizenship program
St Kitts and Nevis was the first to launch a citizenship by investment program. It has operated since 1984. 20,000 investors and their family members have obtained St Kitts and Nevis passports since then.
Due to the extensive work experience, all the procedures for the Saint Kitts and Nevis citizenship program have been duly adjusted.
The program offers an action algorithm for every case and complete predictability regarding deadlines and required documents.
For example, at the beginning of the pandemic, some departments issued certificates required for applying for citizenship with a long delay, while each document has a certain period of validity. The CBI Unit began accepting documents for citizenship according to the amended regulations without delay.
Before the pandemic, the CBI Unit started working on the application only after it received paper versions of documents. During the pandemic, the work on the applications started from the moment the scans were uploaded to the electronic system. As a result, the terms of consideration haven't changed, and investors haven’t noticed any problems.
An opportunity to visit 157 countries visa-free is one of the main reasons why investors are interested in a St Kitts and Nevis passport. The UK, the Schengen Area, Singapore, and Hong Kong are on the list of visa-free countries for St Kitts and Nevis citizens.
An opportunity to live in the USA for up to 6 months a year. It is possible with an American B-1/B-2 visa. It is suitable for travelling, business and personal trips. Investors who are citizens of St Kitts and Nevis obtain these visas for 10 years.
The process of obtaining a St Kitt and Nevis passport takes 3 to 6 months if the investor makes a non-refundable contribution to the state fund. The whole procedure is remote and confidential.