IN504 - St Kitts & Nevis Citizenship by Investment: Payment to the Hurricane Relief Fund

On 23 September 2017, the St Kitts & Nevis Government announced that a payment could be made to the Hurricane Relief Fund to acquire a passport. This is part of a new initiative under the St Kitts & Nevis Economic Citizenship Programme for the reconstruction of the Country following Hurricanes Irma and Maria. This programme is currently running until March 2018; although it is anticipated that it will be extended.

This article details the key requirements of the Hurricane Relief Fund and the advantages of holding a St Kitts & Nevis passport.

Hurricane Relief Fund Details

The financial contribution required by the Hurricane Relief Fund is:

  • US$150,000 for a family of four, including the main applicant, a spouse and two qualifying dependants;
  • Each additional qualifying dependant: US$25,000.

Fees for agents and service providers remain as for the two alternative investment routes which remain available and are detailed below.

Two Alternative Investment Routes              

The St Kitts & Nevis Economic Citizenship Programme offers two alternate investment routes:

  • Real Estate Option

Investment in an approved real estate property worth a minimum of US $400,000.

The real estate must be held for a minimum of five years after the citizenship has been granted. The property can then be re-sold with retained citizenship rights and could be available for a new buyer to use for their application.

  • Donation Option

There is another more expensive investment option in terms of a one off donation to the Sugar Industry Diversification Fund (“SIDF”).

Additional Recent Changes to St Kitts & Nevis Economic Citizenship Criteria

  • Common Law partners are now accepted for sponsorship.

Once certain qualifying criteria have been met an individual can sponsor their Common Law partner. A couple therefore, no longer have to be married to apply for the programme. For a Common Law application, a separate submission is required and an additional cost of US$150,000 is applicable.

Advantages of Holding a St Kitts & Nevis Passport and ‘Fast Track’

In terms of ease of travel, St Kitts & Nevis passport holders benefit from the following advantages:

  • Full Schengen privileges - free movement to 26 European countries
  • Travel to approximately 120 countries worldwide (on a visa free basis or visa on entry basis)
  • Do not require a visa to visit Russia or the United Kingdom.

For an additional US$46,000, it is possible for an application to be “fast tracked” via the accelerated application process (AAP). Applications submitted with the correct documentation will be approved within 60 days and may be approved within as little as 45 days.

Summary

Individuals applying for citizenship via the Hurricane Relief Fund will be supporting a programme to assist in repairs to homes and infrastructure in St Kitts & Nevis. If sufficient funds are raised it is hoped to extend this support to neighbouring Caribbean countries affected by the 2017 hurricanes.

Additional Information

If you would like to know more about the Citizenship Programme and the Hurricane Relief Fund, please contact Graham Sutcliffe at the Dixcart office in Nevis. Alternatively, please contact us: advice@dixcart.com or your usual Dixcart manager.

 

Categories: Nevis, 2017, Dixcart Domiciles