3 Investment Options to Obtain Saint Kitts and Nevis Citizenship
The Caribbean Sea has been crucial for world trade for the last 500 years. This is why all the surrounding islands and countries have great significance. Caribbean countries are also important for potential economic growth.
Saint Kitts and Nevis is a Caribbean country with rapidly growing businesses and infrastructure. After envisaging fruitful investment options, investors worldwide are jumping into the country to grab opportunities. In return for this investment, the local government offers citizenship to them.
If you are planning to expand your business and want to get Saint Kitts and Nevis citizenship by investment, then this blog is for you. In this blog, you will find possible investment options.
1. Donation or contribution to economic growth
The sustainable growth fund (SGF) was initiated in 2006 by St. Kitts and Nevis government. The program allows global investors to contribute to the country’s economic growth and development in different sectors. The fund generated from the direct contribution of investors is used in sustainable developments in the priority sectors. This includes education, health, infrastructure, tourism, and culture. This is the direct investment option.
Below mentioned is the donation criteria:
- US $150,000 for the single applicant.
- US $175,000 for the principal applicant along with their spouse.
- US $195,000 for the four people’s family
- To cover additional dependents, the investor will have to donate $10,000 per dependent
- US $20,000 per dependent sibling
2. Real estate
While the country of two islands is growing rapidly, its infrastructure development is very crucial for continuing its growth. That is why the regime of St Kitts and Nevis allows foreign investors to invest in their real estate property.
To obtain citizenship, an investor must invest in a government-approved real estate property. Also, the property acquired within St Kitts and Nevis should have a minimum value of US $200,000. Also, you can only sell it after 7 years. Apart from this, investors can also make a higher investment of $400,000, which they can sell after 5 years.
Real estate investment criteria
- Main applicant US $35,000
- Spouse of applicant US $20,000
- For additional dependents, the applicant will have to pay US $10,000
- For dependent siblings, the applicant will have to pay US $40,000
3. Alternative investment options (AIO)
Investors can invest in alternative options like government or private projects to get St Kitts citizenship by investment. Under the AIO, two different categories are available.
The first is the Public Good Project Developer (PGPD), which requires a minimum investment of US $175,000. However, the invested project will slip into government authority after the end of the agreement.
The second one is the Private Enterprise Developer (PED), a privately owned project and assets with a minimum investment amount of US $200,000.
Alternative investment options (AIO) criteria
- Main applicant US $35,000
- Spouse of applicant US $20,000
- For additional dependents, the applicant will have to pay US $10,000
- For dependent siblings, the applicant will have to pay US $20,000
Read More: Ajmera Law Explains the SGF Criteria for Saint Kitts and Nevis citizenship
Conclusion
Saint Kitts and Nevis has many things to offer its investors as an excellent geographical location in the Caribbean Sea. This also includes living an elegant life on an island. While the country is developing rapidly, Saint Kitts and Nevis citizenship by investment is the best way to grow businesses. In the upcoming year, there is no wonder you will find immense foreign investment in these islands.
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