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Saint Kitts and Nevis

Delivery:

3 months

Price: $

180,000.00

Payment methods:

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About

Saint Kitts and Nevis

Capital
Official languages
Population 
Currency

ISO 4217

Basseterre

English

54,821

East Caribbean Dollar

SKN

Document checklist:

The specific document requirements for the Citizenship by Investment Program (CIP) of Antigua and Barbuda may vary depending on the investment option chosen and the personal circumstances of the applicant. However, generally, the following documents are required to apply for citizenship under the program:


1. Passport or other travel document: A valid passport or other travel document is required to confirm the applicant's identity and nationality.


2. Birth certificate: A certified copy of the applicant's birth certificate is required to confirm their age and place of birth.


3. Marriage certificate or divorce decree: If applicable, certified copies of marriage certificates and divorce decrees are required to confirm the applicant's marital status.


4. Police clearance certificate: A police clearance certificate or equivalent document is required from the applicant's country of citizenship and any other countries where they have resided for more than six months within the last ten years.


5. Medical certificate: A medical certificate from a recognized medical practitioner is required to confirm the applicant's good health.


6. Proof of funds: Proof of the applicant's ability to make the required investment, such as bank statements, tax returns, and investment portfolio statements.


7. Investment documentation: Documentation related to the chosen investment option, such as a donation receipt, real estate purchase agreement, or business investment agreement. 

Provided by B2B Hub


8. Due diligence documentation: Any additional documentation required for the due diligence background check, such as employment history, educational certificates, and references.

Provided by B2B Hub

 

Process

The Citizenship by Investment Program (CIP) of St. Kitts and Nevis is one of the oldest and most established programs of its kind in the world, having been introduced in 1984. The program allows foreign investors to acquire citizenship and a passport of St. Kitts and Nevis in exchange for a significant investment in the country.


Under the program, there are two investment options available:


1. Sustainable Growth Fund (SGF): This option requires a non-refundable donation to the St. Kitts and Nevis Sustainable Growth Fund. The minimum investment required for a single applicant is USD 150,000, while the minimum investment required for a family of up to four is USD 195,000.


2. Real Estate Investment: This option requires an investment in pre-approved real estate with a minimum value of USD 200,000. The investment must be held for at least 7 years.


To qualify for citizenship under the program, applicants must meet certain eligibility requirements, including being at least 18 years old, passing a due diligence background check, and meeting the minimum investment threshold. The processing time for the application typically takes between 3 to 4 months.


Successful applicants are granted full citizenship of St. Kitts and Nevis, including the right to live, work, and study in the country without any restrictions. St. Kitts and Nevis citizenship also provides visa-free or visa-on-arrival access to over 150 countries, including the Schengen Area, the United Kingdom, and Hong Kong.


It is important to note that the St. Kitts and Nevis Citizenship by Investment Program has its own specific requirements and regulations, and applicants should ensure they meet all the requirements and consult with an authorized agent or immigration lawyer before applying.

Economy

"Saint Kitts and Nevis is a small Caribbean nation with a population of just over 53,000 people. The economy of Saint Kitts and Nevis is largely dependent on tourism, with the sector accounting for over 40% of the country’s GDP. The country also has a strong agricultural sector, with sugarcane, cotton, and other crops being the main exports. The manufacturing sector is also growing, with the production of electronics, textiles, and pharmaceuticals being the main industries.

The economy of Saint Kitts and Nevis has seen steady growth in recent years, with GDP increasing by an average of 3.2% between 2015 and 2019. The country’s unemployment rate is also low, standing at just 4.2% in 2019. The country’s inflation rate is also low, with the average rate for 2019 being just 1.2%.

The government of Saint Kitts and Nevis has implemented a number of policies to promote economic growth, including tax incentives for foreign investors and the development of a free trade zone. The country has also seen an increase in foreign direct investment, with the total amount of FDI reaching $1.2 billion in 2019.

Overall, the economy of Saint Kitts and Nevis is in a good position, with steady growth and low unemployment and inflation rates. The government’s policies have helped to attract foreign investment and promote economic growth, and the country is well-positioned to continue to grow in the future."

Taxation

Saint Kitts and Nevis is a two-island nation located in the Caribbean Sea, and its taxation system is based on the Income Tax Act and the Value Added Tax (VAT) Act.


Corporate taxation in Saint Kitts and Nevis is levied on resident companies at a flat rate of 33.3% on their worldwide income. Non-resident companies are taxed only on income generated within the country. There are no capital gains or withholding taxes in Saint Kitts and Nevis. Companies must file an annual tax return and pay their taxes by the end of March of the following year.


Personal taxation in Saint Kitts and Nevis is also based on a flat rate of 33.3% on all income earned by residents. There are no taxes on capital gains, inheritance, or gifts. However, individuals who earn more than EC$25,000 (Eastern Caribbean dollars) per year are required to pay a social security contribution of 5%. Individuals must file an annual tax return and pay their taxes by the end of March of the following year.


In addition to income tax, Saint Kitts and Nevis also has a Value Added Tax (VAT) of 17%, which is levied on most goods and services. Registered businesses are required to collect VAT from their customers and remit it to the government. VAT returns and payments are due monthly or quarterly, depending on the size of the business.


Taxpayers in Saint Kitts and Nevis can file their tax returns and make payments online through the Inland Revenue Department's website. The tax calendar in Saint Kitts and Nevis runs from January to December, with tax returns and payments due by the end of March of the following year for both corporate and personal taxes. The VAT returns and payments are due by the 15th of the month following the end of the tax period.

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