The former British colony of St Kitts and Nevis is inhabited mostly by the descendants of West African slaves. Its beaches, scenery and a warm, sunny climate give it great tourist potential. It is also vulnerable to hurricanes. The islands of St Kitts – also known as St Christopher – and Nevis have been in an uneasy federation since independence from Britain in 1983, with some politicians in Nevis saying the federal government in St Kitts – home to a majority of the population – had ignored the needs of Nevisians. At a glance Politics: The Team Unity coalition won elections in 2015, ending the former ruling party’s 20-year reign Economy: Tourism is a key foreign exchange earner and has helped compensate for the loss of the sugar industry But a referendum on secession held in Nevis in 1998 failed to gain the two-thirds majority needed to break away. Tourism, offshore finance and service industries are important sources of income – more so since a centuries-old but loss-making sugar industry was wound down in 2005 with the loss of hundreds of jobs. By 2003, Nevis was home to around 17,000 offshore businesses operating under strict secrecy laws, making the islands a target for drugs traffickers and money launderers. Laws have been introduced to crack down on the problem. Warner Park ground in the capital Basseterre is an important international cricket venue
St Kitts Citizenship by Investment Program.
The St. Kitts & Nevis Citizenship by Investment Program is the oldest of its kind in the world. Established in 1984 the program grants citizenship through real estate investment to qualified applicants. The government requires investment of $400,000 plus related government and due diligence fees. The investment must be in designated real estate projects and the investment can be sold after five years. Saint Kitts and Nevis has no tax on overseas income or capital and a second citizenship may complement existing tax planning and wealth protection strategies. Citizens of St. Kitts & Nevis enjoy visa free travel to over 120 countries including the EU Schengen visa zone, the UK, Ireland, Switzerland and Canada.
- Investment of $400,000 in real estate (or $250,000 SIDF donation)
- Applicant fee $30,000, Spouse $5,000, Children $2,500.
- Government processing fees of $50,000 per person (under 18, $25,000)
- Due diligence fees per person: $7,500, $2,000 children, $4,000 age 18-25
- Citizenship and second passport
- Visa free travel to EU Schengen, UK, Canada.
- Right to reside on the island
- Tax free
- No visit required