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St Kitts and Nevis, particularly in the capital Charlestown, is renowned for its Citizenship by Investment Program (CBI). Established in 1984, it is the world's longest-running citizenship by investment initiative. The program provides individuals and families the opportunity to acquire citizenship through investment in the country, contributing to its economic development. The process typically involves a financial contribution to a government-approved real estate project or a direct donation to the country's Sustainable Growth Fund (SGF).
While engaging in the CBI program can seem straightforward, having legal assistance ensures that the process is smooth and adheres to local regulations. A lawyer can assist in situations including:
Key aspects of the local laws in Charlestown relevant to the Citizenship by Investment program include:
The minimum investment for the Sustainable Growth Fund starts at $150,000 for a single applicant. Real estate investments typically require a minimum of $200,000.
On average, the process takes about 3 to 6 months from the submission of the complete application.
No, applicants are not required to travel to St Kitts and Nevis during or after the citizenship application process.
Yes, family members such as a spouse, children, and in some cases, dependent parents and grandparents can be included.
No, St Kitts and Nevis allows dual citizenship, so you can retain your current nationality.
There are no mandatory residency requirements or taxes imposed on global income for new citizens.
Benefits include visa-free or visa-on-arrival access to over 150 countries, a favorable tax regime, and the right to live, work, and conduct business in the country.
Citizenship can be revoked in certain cases, such as providing false information during the application, committing criminal offenses, or activities that harm the reputation of St Kitts and Nevis.
While the program is open to many nationalities, there are certain sanctions that could restrict applicants from specific countries, which are updated based on international compliance guidelines.
Yes, however, the property needs to be held for a minimum number of years, as stipulated by the CBI program guidelines, typically five years for sale eligibility.
For those seeking further information and support, consider reaching out to the following resources:
If you need legal assistance in navigating the Citizenship by Investment program in Charlestown, it is advisable to:
Finally, ensure that all steps are compliant with national regulations to enhance the success rate of your application while protecting your interests.
