Citizenship By Investment – Procedures And Time Frame
If you are interested in obtaining a St. Kitts passport, you should know the time and procedures involved in the process. The standard procedure typically takes four to six months, starting with submitting your passport application. However, if you choose the Accelerated application process, your application can be processed in sixty days or less.
Investment in real estate or a business can qualify foreigners for St. Kitts and Nevis citizenship. While most investors invest in condos or hotel ownership shares, other real estate types are also eligible. The minimum investment amount is US$200,000. The application process typically takes three to four months. The investor must also maintain ownership of the property for a minimum of seven years. In some cases, an investor may be able to sell the property after five years.
As part of its citizenship by investment program, St. Kitts and Nevis have made it possible for high-net-worth individuals and their immediate families to apply for citizenship. The Caribbean nation has extensive experience in investment migration and is an internationally recognized Platinum Standard brand. This is reflected in the 2021 CBI Index, an independent study published by the Financial Times’ PWM magazine. The report cites the country’s CBI program as one of the best in the world for investment migrants, highlighting the speed of processing and due diligence. It also reflects on the citizenship timeline.
For those who would like to become a citizen of the Caribbean island, St. Kitts and Nevis offer the opportunity to do so through an investment. This program allows people to obtain citizenship in the Caribbean by investing in government-approved real estate projects. Applicants can choose from La Vida, a collection of projects from global hotel and developer brands that offer lucrative rental returns. In addition, the real estate investment program allows applicants to sell the properties after a specified holding period. This ensures that selling the real estate in the future will not impact their citizenship status.
The first step in the process is to make a qualifying investment. This can be a real estate purchase or a non-refundable contribution to St. Kitts and Nevis Sustainable growth fund. Once the government has approved your investment, you can make your final payment. After you receive your passport, you will have about five to six months to process the rest of the application.