Due Diligence is the Key to St. Kitts and Nevis Program’s Success
The St. Kitts and Nevis Citizenship by Investment Program has originally started in 1984. With a St. Kitts and Nevis passport, it is possible to travel visa-free to 133 destinations, including the UK and Europe’s Schengen Area.
Applicants may qualify for citizenship through a contribution to the Sustainable Growth Fund (SGF). For a single applicant, a non-refundable contribution of US$150,000 is required. For a main applicant with up to three dependents, a non-refundable contribution of US$195,000 is required. Each additional dependent is the subject of additional US$10,000.
Upon submission of an application, non-refundable due diligence and processing fees must be also paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main application who is over the age of 16 years.
Applicants may also prefer to invest in real estate. The minimum investment threshold for the real estate option is US$200,000 (resalable after 7 years) or US$400,000 (resalable after 5 years).
St. Kitts and Nevis government also provides the applicants with The Accelerated Application Process (AAP) service. This is an additional function of the scheme approved in 2016. By using AAP, the investors might adopt the fast track to St. Kitts and Nevis citizenship. This addition accelerates the process to end in 60 days. This process also includes the application and processing of the St. Christopher (St. Kitts) and Nevis passport.
St. Kitts and Nevis’ Prime Minister Timothy Harris recently commented about the islands’ citizenship by investment program. At the program’s 35th anniversary, Timothy Harris said that the St. Kitts and Nevis Citizenship by Investment Program remains the first and the best CIB program in the world. The islands’ CBI Program is the longest-standing program in the world and known as the Platinum Standard brand.
According to experts at the Financial Times‘ Professional Wealth Management magazine, one of the features that allows St. Kitts and Nevis to excel in the economic citizenship industry is its attention to due diligence. The islands’ vetting procedures received full scores in a special report, titled the 2018 CBI Index. “Our due diligence is one of the best in the world, it is multi-layered and multifaceted, using international firms and agencies. We do not accept applicants from states labelled as uncooperative in the fight against terrorism or considered to be rogue nations,” noted Premier Harris during his speech.