How Much Does St Kitts and Nevis Citizenship Cost in 2024?

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As a second citizenship goes, few are as alluring as that offered by St Kitts and Nevis, the architects of the original Citizenship by Investment Programme. This sultry Eastern Caribbean island has been providing a tried-and-trusted opportunity to enhance your global mobility or realize a Plan B since 1984. But how much does St Kitts and Nevis citizenship cost in 2024?

This article will outline the various St Kitts and Nevis Citizenship by Investment options. It will also cover administrative, due diligence, and processing fees. Read this to see how everything adds up in this tropical paradise.

A) Make a Sustainable Island State Contribution (SISC)

St Kitts and Nevis fund the country’s economic and social development via SISC. This is in line with the following seven pillars:

1. Producing more local food
2. Helping St Kitts and Nevis to switch to green energy
3. Expanding the economic focus of the country
4. Enticing and promoting sustainable industries
5. Growing the Creative Economy
6. Assisting St Kitts and Nevis as it bounces back from the effects of the pandemic
7. Making greater provision to protect the most vulnerable members of society

The minimum Sustainable Island State Contribution donation available is $250,000. This increases to $300,000 for you and your spouse. Families of four must pay $350,000.

You also need to pay $350,000 if accompanied by 2-3 dependants. Each extra dependent under 18 incurs a $50,000 charge, rising to $75,000 if they’re over 18. Your application will be approved in principle, denied, or delayed if a factor comes into play that postpones processing.

As the main applicant, you’re liable for a $10,000 due diligence fee. Each dependant aged 16 or over must pay $7,500. There is a mandatory interview to attend in person or online. Any dependants aged 16 or over could also be called to attend an interview.

B) Invest in Developer’s Real Estate

Buy a designated real estate unit of an Approved Development and St Kitts and Nevis citizenship cost will be at least $400,000. You are entitled to resell this after 7 years of ownership.

Your application is either approved in principle, denied, or delayed for a reason that interferes with the processing time. When your application is approved in principle, you must pay $25,000. Your spouse will be charged $15,000. Any dependant under 18 needs to pay $10,000 and those aged 18 or over are liable to a $15,000 fee.

You will need to take into account extra property purchase costs. These include conveyancing fees and mandatory insurance fund contributions.

Main applicants must pay a $10,000 due diligence charge. Each dependant aged 16 or over needs to pay $7,500. There is a compulsory interview to attend in person or online. Any dependants aged 16 or over may also need to attend an interview.

C) Buy Private Residential Real Estate

Purchase an Approved Private Home with the minimum value of $400,000, if a condominium. This St Kitts and Nevis citizenship cost rises to at least $800,000 if you buy a family dwelling. You must maintain this property for 7 years or more.

St Kitts and Nevis either approve your application in principle, deny it, or delay it because of something that affects the processing time. After your application is approved in principle, you need to pay $25,000. Your spouse will be liable for a $15,000 charge. Any dependant under 18 must pay $10,000 and those aged 18 or over will be charged a $15,000 fee.

You should factor in additional property purchase costs. Think compulsory insurance fund contributions and conveyancing fees.

As a main applicant, you need to pay a $10,000 due diligence fee. Each dependant aged 16 or over must pay $7,500. There is a mandatory interview to attend in person or online. Any dependants aged 16 or over might have to attend an interview.

D) Exercise the Public Benefit Option

Become a St Kitts and Nevis citizen by investing at least $250,000 in an Approved Public Benefit Project. These are developments that enhance the lives of the St Kitts and Nevis population. It’s a way for the government to meet its capital investment objectives.

The St Kitts and Nevis Citizenship by Investment Unit may approve your application in principle, deny it, or delay it because of anything that modifies the processing time. Applications approved in principle trigger a $25,000 fee. Your spouse must pay $15,000. Any dependant under 18 needs to pay $10,000 and those aged 18 or over will be liable for a $15,000 charge.

Main applicants must pay $10,000 for due diligence. Each dependant aged 16 or over needs to pay $7,500. You will be invited to attend a compulsory interview in person or online. All dependants aged 16 or over may be called for an interview.

What Will St Kitts and Nevis Citizenship Cost for You in 2024?

We have outlined the likely expense of a St Kitts and Nevis Citizenship by Investment for you and your family. But we will not know the exact amount until you talk to us, Latitude Group, investment migration experts. So, don’t delay and contact us today.