Non-refundable contribution to the state-owned Sustainable Growth Fund (SGF)
To get a St. Kitts and Nevis passport, an applicant needs to make a non-refundable contribution of at least U.S. $190,000 to the state-owned Sustainable Growth Fund (SGF). The total contribution depends on the number of family members included in the application: an additional U.S. $25,000 has to be paid for a spouse and U.S. $10,000 for each child or parent. The contribution is non-refundable.
Investment in commercial real estate
Applicants can also participate in the St. Kitts and Nevis citizenship program by investing in commercial real estate: an applicant can choose between investments lasting a minimum of either 5 or 7 years:
- U.S. $200,000: share in property can be sold after 7 years;
- U.S. $400,000: share in property can be sold after 5 years.
The basic real estate investment amount is the same for single applicants and families.
Applicants purchase shares, apartments or villas in projects that are pre-approved by the government for the citizenship program. Usually these properties are five star hotels or resorts.
Stakes in real estate earn stable interest of 3 to 4% per annum. After 5–7 years, the investment can be sold and the initial investment returned. The program includes a free vacation for 1--2 weeks at the resort in which the applicant has invested.
When selecting a property, an investor pays a special state fee: U.S. $35,050 for the main applicant, U.S. $20,050 for a spouse, and U.S. $10,050 for each additional family member.
Additional costs for applicants
In addition to the investment, the applicant pays a non-refundable due diligence fee for each family member: U.S. $7,500 for the main applicant and U.S. $4,000 for each family member over 16 years old included in the application. There is no due diligence fee for children under 16 years old.
The applicant has the option to opt for an expedited application to receive a decision within 60 days. This costs an additional U.S. $25,500 for the applicant and U.S. $20,500 for each additional family member, including a spouse, parents and children over 16 years old.
Additional government fees and bank charges also need to be paid. These expenses are quite small and depend on the number and age of the family members.
Comparison of the costs of obtaining a St. Kitts and Nevis passport
Let us consider the case for an applicant with three additional family members: the main applicant, spouse and two children under the age of 16.
We will compare the cost of obtaining St. Kitts and Nevis citizenship through a contribution to the SGF or purchasing real estate.
How much does it cost to become a citizen of St. Kitts and Nevis?
|Investment option||Costs per applicant||Costs for a family of 4|
|Contribution to the SGF||158 661 $||209 844 $|
|Buying a stake in a pre-approved real estate project||243 711 $||290 044 $|
The calculation includes the cost of due diligence, government fees and commissions.
The initial contribution to the Sustainable Growth Fund is lower than when buying a property. However, the investment is non-refundable.
If an investor chooses the option of purchasing a stake in real estate, U.S. $200,000 of the original investment can be returned after 7 years. This means that a single applicant who invests in real estate spends only U.S. $43,711. In addition, they receive annual income from their share in the property, which covers part of the fees and charges paid.