Changes

May 24, 2023

Reading Time: 3 min

Last chance to invest $25,000 less in St Kitts and Nevis citizenship

In January 2023, St Kitts and Nevis introduced multiple investment program changes. One of them allows applicants to spend $25,000 less on obtaining Caribbean passports for the entire family.

However, this offer is temporary and concludes in June 2023. See how you can still use it and get St Kitts and Nevis citizenship for a reduced cost.

Zlata Erlach
Zlata Erlach

Head of the Austrian office

St Kitts and Nevis: investment options for getting citizenship in 2023

Last chance to invest $25,000 less in St Kitts and Nevis citizenship

How to get St Kitts and Nevis citizenship before and after the end of June

The St Kitts and Nevis citizenship program currently has the Limited Time Offer, or LTO, in place. Up to this deadline, investors can submit applications on more favourable terms.

The LTO is effective only for the Sustainable Growth Fund option, which does not include the return on investment. Money in the fund is used for economic, social, and environmental advancement of St Kitts and Nevis.

Until June 30, 2023, foreigners can get St Kitts and Nevis citizenship by making a Sustainable Growth Fund donation of at least:

  • $125,000 for a single investor;

  • $150,000 for an investor with the spouse;

  • $170,000 for a family of four.

Processing times are reduced to 60 days for no additional fee.

After June 30, 2023, the Sustainable Growth Fund option returns to the standard minimum donation of at least:

  • $150,000 for a solo investor;

  • $175,000 for an investor with the spouse;

  • $190,000 for a family of four.

Processing times return to 90 days minimum. The 45 to 60‑day fast-track option will be available only for the Accelerated Application Process fee: up to $42,500 per applicant.

Other investment options under the St Kitts and Nevis program

St Kitts and Nevis has more options that remain unchanged, allowing investors to get passports in 2—7 months. The Accelerated Application Process is also available for these cases.

Public Good Donation option involves making a minimum contribution of $250,000 to an approved public benefactor. This could include developing an industry, financing a real estate development project’s construction, or bringing substantial benefit to the people of St Kitts and Nevis.

Real Estate Investment option. The minimum investment is $250,000 in a government-approved property, which can be resold after a holding period of 7 years.

Alternatively, investors can purchase an Approved Private Home for at least $400,000. The purchase can be made with an investment partner, and the property can be sold after 5 years.

In both cases, investors can rent out their property during the holding period and beyond. The annual rental income in St Kitts and Nevis is 2—5%.

Regardless of the chosen investment option, all St Kitts and Nevis citizenship applicants must be of outstanding character and have no criminal record.

Family members eligible for St Kitts and Nevis citizenship application are:

  • spouses;

  • children under 18;

  • children between 18 and 25, in full‑time education;

  • children of any age with disabilities;

  • parents or grandparents of the main applicant or their spouse, older than 65, financially dependent;

Benefits of getting a St Kitts and Nevis passport by investment

Global mobility. A St Kitts and Nevis passport offers visa-free travel to 156 countries, including the EU and Schengen Area. It also simplifies obtaining a 10‑year B‑1/B‑2 visa to the US and allows visa-free entry to and visa-free tourist entry to the UK with a stay of up to six months.

Friendly tax environment. St Kitts and Nevis has a lenient taxation system, with no taxes on personal income, capital gains, estate, royalties, interest, dividends, technical services, inheritance, or gifts. The country has double taxation agreements with several countries, including the US, the UK, and Canada.

Robust banking sector. St Kitts and Nevis citizens can open bank accounts in the Caribbean, transfer financial assets, and conduct foreign exchange transactions in any currency. Businesses may be eligible for financing from local banks.

Strong and stable economy. St Kitts and Nevis’s GDP is growing, projected to have increased by 9% in 2022 from $860,8 million in 2021. The East Caribbean Dollar has been stable against the US Dollar for more than 45 years, providing a reliable economic backdrop.

Educational opportunities. St Kitts and Nevis citizens are eligible for fully-funded scholarship programs in the country and abroad, including in the UK, the Commonwealth, the US, the EU, and Asia. These scholarships cover Bachelor’s, Master’s, and PhD programs from leading educational institutions worldwide.

Good quality of life. St Kitts and Nevis is a dual-island Caribbean destination offering pristine beaches and tropical landscapes. It is an attractive location for owning a second home in the Caribbean and air links to Europe and North America.

Dual citizenship permitted. St Kitts and Nevis allows dual and multiple citizenships. Investors can hold passports of other countries and enjoy benefits from all their nationalities.

No required minimum stay. Investors do not have to live in the country for a certain period each year to maintain their citizenship.

Immigrant Invest is a licensed agent for government programs in the Caribbean. If you want to buy a property and get second citizenship in Saint Kitts and Nevis, consult our investment program experts.