The “Economic Citizenship Programme” introduced by the Government of St Kitts & Nevis gives individuals the opportunity to acquire St Kitts & Nevis citizenship for themselves and their dependents*, in addition to their current nationality, with no requirement to actually reside locally or to visit the country. Interesting features of the programme include easier international travel, the chance to spend relatively extensive periods of time in various countries, financial and inheritance security, and fiscal advantages.
International travel & residence simplified
Citizens of St Kitts & Nevis enjoy visa-free or stamped-on-arrival access to a wide range of countries across the globe, including European Schengen countries and most British Commonwealth members. St Kitts & Nevis nationals are entitled to stay for periods of up to several months in their destination of choice, whether this be in Europe, Africa, America, the Middle East, Asia, the Caribbean, or the Pacific region.
Financial & inheritance security
A member of the British Commonwealth, St Kitts & Nevis is an economically, legally and socially stable Federation with a democracy based on the British parliamentary system. Citizens are able to protect their personal wealth and to create opportunities for the future of their families, benefitting from advantages such as:
- Full residency status
- No wealth tax
- No inheritance tax
- No tax on foreign income
- Exemption from capital gains tax
- No personal income tax
In addition to the points mentioned above, other tax-advantageous features of St Kitts & Nevis include:
- No restrictions on the repatriation of profits and imported capital
- Tax breaks for certain investment projects
Non-resident companies are exempt from:
- Taxes on company profits
- Capital gains tax
- Withholding tax
- Tax-free trade with Canada
- Duty-free trading throughout the Caribbean
Two routes are available to obtain St Kitts & Nevis citizenship:
Option 1: Through a financial contribution to the “Sugar Industry Diversification Foundation” (SIDF)
Owing to the fact that the local sugar cane industry (traditional mainstay of the economy until the 1970s) has been negatively affected, financial support to this industry can qualify donors for citizenship. By way of example: a contribution of USD 250,000 qualifies a single applicant for citizenship, and so on.
Option 2: Through property investment
The minimum amount to be invested is of USD 400,000. The investment property must be located in one of the approved investment project areas. All properties are legally freehold and their use is unrestricted. St Kitts & Nevis boasts one of the most prosperous property markets in the Caribbean region thanks to a number of luxury resorts and the important medical university located there.