The elder brother Konstantin is not married. He surfs, loves to travel and goes to the USA twice a year. The younger brother Igor prefers family vacations with his wife and son in the resorts of Spain and France. Igor wants his son to be educated in Europe.
Our clients: businessmen and brothers from Russia
- Konstantin, 40 years old - an owner of a chain of coffee shops. Single.
- Igor, 36 years old - a co-owner of the coffee shops chain. Married with a 10 year old son.
Konstantin and Igor opened the first coffee shop in 2015. Their business has expanded in five years: one coffee shop has turned into a brand network. Now their coffee shops operate in seven large cities of Russia.
The brothers decided to make the company international. To do this, they thought about how to expand the network of suppliers and partners. Konstantin and Igor are planning to open a coffee shop in London by the end of 2021.
Several of the brothers' friends and business partners have acquired Saint Kitts and Nevis citizenship over the past ten years. With the country's passport, they traveled without visas to the Schengen countries, the UK and developed the business in other places abroad. The experience of acquaintances prompted Konstantin and Igor to think about the Saint Kitts and Nevis passport.
Search for a solution
On May 25th, 2020, Konstantin and Igor contacted Immigrant Invest to find out the conditions and cost of participation in the Saint Kitts and Nevis investment program for their cases. An international lawyer met with investors at the company's office in St. Petersburg.
The brothers took into account two important criteria when choosing a program. They wanted to obtain a second citizenship so that they could travel to the UK and Schengen countries without visas. At the same time, Konstantin and Igor planned to keep within the budget of up to $350,000.
Why investors did not consider a residence permit in the UK by investment
The UK residence permit program by investment is designed for foreign entrepreneurs who are going to open and conduct business in the country. In the situation of the clients, it did not fit for three reasons:
- Budget. Under the terms of the British program, you need to invest in business from 2 million sterling pounds.
- Visa regime with the Schengen countries. From the 1st of January 2021, UK residents need a visa to visit Schengen countries.
- The validity period of the status. Residence permit status in the UK is issued for three years. After this period, the status must be renewed. For comparison, the passport of Saint Kitts and Nevis is issued for 10 years. Together with him, the investor receives an unlimited naturalization certificate, on the basis of which the passport is renewed.
Our Compliance Anti Money Laundering Officer has conducted a preliminary Due Diligence check. It showed that the Saint Kitts and Nevis program is suitable for investors. But they need to participate in the program under two different applications: one for Konstantin, the second for Igor and his family.
The Saint Kitts and Nevis citizenship by investment program offers two options: a non-refundable contribution and a real estate investment. In the first case, the minimum investment amount is $150,000 and in the second, $200,000.
The brothers had no plans to buy real estate in the Caribbean, and their participation budget was limited. Therefore, they chose the option with a contribution to the government fund.
We have calculated the costs of investor participation for two applications. Expenses include the amount of the contribution, due diligence, fees, government fees and bank charges.
Cost of participation in the St Kitts and Nevis program
|Number of applicants||Costs|
|Investor, spouse and child 10 years old||$198,833|
|Total for two applications||$357,194|
3 advantages of the St Kitts and Nevis program
Konstantin and Igor were satisfied with the final amount of expenses, so they approved themselves in the decision to apply for the citizenship of Saint Kitts and Nevis. Three points of the program were important for investors.
St Kitts citizenship cost. Investors originally planned to spend about $350,000. The Saint Kitts and Nevis program met this requirement.
Remote registration. All procedures under the St. Kitts and Nevis program can be completed remotely.
A reputation for citizenship of Saint Kitts and Nevis. Familiar businessmen have already received the citizenship of Saint Kitts and Nevis, the country's passport is popular in the business environment.
The Saint Kitts and Nevis citizenship program has been operating since 1984. During its existence, the government issued about 20,000 passports.
Moreover, the investors were also attracted by the popularity of the St. Kitts and Nevis program among famous people. For example, among the citizens of the country is Pavel Durov, the founder of the social network VKontakte and Telegram messenger.
Konstantin and Igor signed agreements with Immigrant Invest, and the company's lawyers began to prepare documents for participation in the program.
We will tell you who can participate, what to invest in and what are the costs of the state program of citizenship of Saint Kitts and Nevis by investment.
St Kitts and Nevis passport requirements: documents and proof of income sources
Investors need to pass a Due Diligence check as the first step to participate in the program. It is run by the CBI unit under the Government of Saint Kitts and Nevis.
Konstantin and Igor handed the lawyers a standard package of documents for verification just 5 days after they signed an agreement with Immigrant Invest. The list of documents included:
- copies of passports;
- police clearance certificates;
- bank statement for the last 12 months;
- a copy of the child's birth certificate;
- a copy of the marriage certificate;
- copies of military cards;
- certificates with HIV test results.
Investors also need to provide the program department with information about the sources of income and prove their legality. Without such confirmation, it is impossible to pass the due diligence check.
Konstantin and Igor wanted to use their personal savings to participate in the program. Investors saved up money even before they opened coffee shops 5-10 years ago. To prove the legality of the savings, they provided documents on income for that period.
Based on these documents, the lawyers prepared a history of investor welfare, filled out the necessary questionnaires and forms.
When the documents were collected, the investors paid the Due Diligence fee. We attached receipts to the applications and sent the documents to the program department.
On October 13th, 2020, we received a response from the department: the Due Diligence took four months. The candidates Konstantin and Igor were approved without additional requests. All they had to do was make a contribution under the program and get second passports.
How the investors met the program conditions and got their second passports
The investors had 90 days to transfer the contribution to the program department account by bank transfer. It takes about three weeks for the payment to be verified and credited.
The payment arrived in the bank account in Saint Kitts and Nevis in early November.
On November 18th, 2020, we received naturalization certificates and passports for investors. We forwarded the documents to Konstantin and Igor to their office in St. Petersburg.
New Saint Kitts and Nevis citizenship benefits
The St. Kitts and Nevis citizenship program is a proven option for those looking for visa free travel.
Benefits of a Saint Kitts and Nevis passport for cosmopolitans:
- 150+ visa free destinations including the UK, Schengen states, Hong Kong and Singapore;
- stay in the UK can up to 6 months;
- A visa to the United States is issued for 10 years according to a simplified procedure, which is not available to Russian citizens;
- benefits for the education of children in the UK, universities are accessible as a citizen of a country that is part of the British Commonwealth of Nations.
Konstantin and Igor opened a coffee shop in London in 2021, as planned. With passports of Saint Kitts and Nevis, they traveled to London to choose a room for a cafe.
Konstantin decided to apply for a long-term visa to the United States. It will be useful for him to train and participate in surfing competitions in Hawaii and California.
Igor also thought about an American visa, but for a different reason. He and his wife want to take a closer look at US universities and as a starting point, send their son to a summer school at Yale University. Igor and his family are also planning to visit UK universities to assess the conditions of study and living. With Caribbean passports, they may not be in a hurry to choose a university or worry about the child's future.