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/ / S T. K I T T S & N E V I S

I N V E S T O R I M M I G R AT I O N P R O G R A M

PACE LAW FIRM

/ / S T. K I T T S & N E V I S

I N V E S T O R I M M I G R AT I O N P R O G R A M

THE FEDERATION OF ST. KITTS AND NEVIS

St. Kitts and Nevis, also known in the countrys constitution as Saint Christopher and Nevis, has been independent since 1983 and forms part of the group of islands known as the Lesser Antilles, located some 2,000 km to the southeast of Miami. These islands are part of a luxurious tropical paradise associated with the south Pacific. Sunlight, beaches, sea air, lush vegetation, breathtaking scenery, relaxed culture, and friendly people are what awaits any visitor or new immigrant. The Federation comprises two islands: Nevis with an area of some 93.2 km2 and St. Kitts with 168.4 km2. The official and business language is English. The Federation is a member of the United Nations (UN), of the Organization of American States (OAS), the British Commonwealth and many other international organizations. The Eastern Caribbean Central Bank has its headquarters in St. Kitts. It maintains the stability of the Eastern Caribbean Dollar (EC$), which is the national currency of most eastern Caribbean countries and is tied to the US Dollar. The head of state is the Queen of England. St. Kitts and Nevis is a well functioning democracy based on the British parliamentary system.

ESTABLISHING CITIZENSHIP
Most countries regulate citizenship, and have strict rules on how noncitizens and foreigners enter and reside in the country, and qualify for citizenship. The normal methods for quickly obtaining citizenship in a country is by birth in its territory, marriage, bloodline, or religious affiliation. Most countries do have a route for ones that do not fall into those categories called the naturalization program. These programs usually have lengthy permanent residency requirements before being able to obtain full citizenship. St Kitts and Nevis is one of four countries that has another route called economic citizenship, where the country grants citizenship to a foreign investor and his/her family in return for a significant investment in the country. The incentive to this program versus the ones mentioned above is that the program is instant in its character, since there are no permanent residency requirements.

1 St. Kitts and Nevis, Dominica, Bulgaria and Austria are the only four countries in the world that have an economic citizenship program established.

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THE CITIZENSHIP-BY-INVESTMENT PROGRAM

The Citizenship Program of St. Kitts & Nevis was established in 1984 , which makes this the longest established citizenship-by-investment program, and is the perfect fit for high net worth investors of good character, who are willing to make a contribution to the development of the Federation. Once the contribution has been made, the investor is given the opportunity to apply for a passport and citizenship.

A minimum non refundable contribution of $200,000.00 USD to the Sugar Industry Diversification Foundation, which is a registered charity. An extra $50,000.00 for a spouse and 2 children under the age of 18 An extra $100,000.00 for a spouse and 4 children under the age of 18 An extra $200,000.00 for a spouse and 5+ children under the age of 18 $35,000.00 USD for each additional adult child applicant 18-25 years old who is in full time education Pace Law Firm Fee of $30,000.00 Due diligence fee of $3500.00 (financial assessment) Original Application Forms Package for each applicant $250.00 Passports are $500.00 (3 Day Fast Track) or $200.00 (three week wait) There is a separate application for passports after the Certificate of Citizenship is issued. Passports are valid for a period of 10 years and the cost of renewal is $85.00

The Programs
There are two routes to St. Kitts and Nevis citizenship. Qualification criteria for St. Kitts and Nevis, includes either an investment in real estate in the country, or a contribution to the Sugar Industry Diversification Foundation charity.

Sugar Industry Diversification Foundation (SIDF) Program

The SIDF route is optimal for those individuals and families who may not wish to spend a lot of time in St. Kitts and Nevis, and still wish to obtain citizenship. This can be done by contributing to the welfare of its citizens. The government of St. Kitts and Nevis welcomes those who wish to help the country and its citizens. As with many Caribbean nations, sugar production was a mainstay in the St Kitts and Nevis industry. The SIDF was established to support the former sugar workers, conducting research into the development of industries to replace the sugar industry, funding the development of these alternative industries and providing further support to secure the sustainability of such industries. If you choose this route to citizenship, you will have to satisfy the following criteria.

Real Estate Purchase Program

As the pictures and reputation confirm, St. Kitts and Nevis is a beautiful place to live. Whether you wish to live in St Kitts and Nevis full time, wish to own a vacation property to use on occasion, or purchase a property for rental income, doing so can also qualify you for citizenship, while allowing you to receive a useable and enjoyable asset for the investment you make to the country.

2 Regulations

regarding citizenship-by-investment are contained in Part II, Section 3 (5) of the Citizenship Act, 1984. The actual government policies with regard to the Citizenship-by-Investment program (such as investment requirements etc.) are set by Government through Cabinet Decision.

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By purchasing a home, you would have the luxury of coming and going as you please, knowing your property is situated on one of the most beautiful and safe Caribbean countries. Further, as with most real estate, your investment is likely to appreciate, while you own it. You will also be pleased to know that we can arrange for a mortgage for up to 50% of the purchase and still qualify for the Citizenship-by-Investment Program.

Passports are valid for a period of 10 years and the cost of renewal is $85.00

The Benefits
There are many advantages to St Kitts and Nevis citizenship. The country is not only a safe and enjoyable place to live; it also has a very stable economy, with their currency being linked to the US Dollar, and the Eastern Caribbean Central Bank being headquartered there. Further, St. Kitts and Nevis maintains diplomatic relations with Canada, Cuba, France, Russia, South Korea, Taiwan, UK, USA, the European Union as well as many Latin American countries and Eastern Caribbean states. It is a member of the British Commonwealth, United Nations, World Bank, International Monetary Fund, Organization of American States, and Organization of Caribbean States among other well known entities. Full irrevocable citizenship for your lifetime, which cannot be revoked, no matter of any changes in the governmental executives and/or policy. A strong international image of the country extends your investment, entrepreneurial and employment abilities; Visa-free access to 125 countries which includes the first world states such as Canada, Schengen States (EU), United Kingdom, Switzerland, Hong Kong and most British Commonwealth member countries; You can leverage your citizenship with St. Kitts and Nevis to obtain permanent residency with fewer formalities than if you applied with a more problematic passport. The SKN Passport is a Safe one to carry when traveling to specific countries; Extra protection for assets and privacy;

HERE ARE THE REQUIREMENTS TO QUALIFY FOR THIS PROGRAM.

A minimum investment in real estate of $350,000.00 USD NOTE: property must be held for minimum of 5 years, and cannot be reused for citizen investment at any time after the original application without the express written approval of the SKN Cabinet A $35,000.00 USD fee for the Head of the Household A $15,000.00 USD fee for the Spouse A $15,000.00 USD fee for each dependant child under the age of 18 A $35,000.00 USD fee for each unmarried dependant child between 18-25, currently attending school A closing cost equal to approximately 10% of the real estate investment A $45.00 fee for each certificate of registration Pace Law Firm fee of $30,000. Due diligence fee of $3500. Original Application Forms Package for each applicant $250.00 Passports are $500.00 (3 Day Fast Track) or $200.00 (three week wait) There is a separate application for passports after the Certificate of Citizenship is issued.

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Change of name is legally available; ZERO personal income tax; ZERO tax on gift, wealth and inheritance, no estate duty, no long-term capital gains; No need to renounce your current citizenship(s); No prior residence requirements, you are entitled to apply instantly; You make investment after your application is approved, not before; The program is based on the law and is guaranteed by the Government; The oldest and the most respected program of all currently existing economic citizenship programs, being in existence since 1984; Citizenship and passport of St. Kitts and Nevis are insurance for you and your family against unexpected personal, political or economical strife.

and Nevis Citizenship Act, 1984 (No. 1 of 1984) makes the following provisions: Subject to subsections (8) and (9) of this section, a person is entitled, upon making application under this subsection to the Minister in the prescribed manner and upon payment of any fee that may be prescribed, to be registered as a citizen of St. Christopher and Nevis without any rights of voting save under and in accordance with the provisions of any law governing the qualification of voters, if the Cabinet is satisfied that such person has invested substantially in St. Christopher and Nevis. 3) The Government determines, by Cabinet Decisions, which projects and which amounts of investment shall qualify as a substantial investment and thus lead to eligibility under the Citizenship-by-Investment Program.

Further Information
If you are interested in applying for Citizenship-byInvestment in St. Kitts and Nevis, please contact Pace Law Firm, and we can have a discussion on getting you started towards St. Kitts and Nevis Citizenship. Or visit www.paceimmigration.com for more information.

The Legal Basis

The Citizenship-by-Investment Program of St. Kitts and Nevis was established in 1984 and operates on the following constitutional, legislative and regulatory foundations: 1) Citizenship of Saint Christopher and Nevis is governed by Chapter VIII (Sections 90-95) of the Constitution of Saint Christopher and Nevis. 2) In 1984, pursuant to Section 92 (1) (h) of the Constitution, Parliament prescribed that such other persons who would be entitled, upon making application, to be registered as citizens. Accordingly, Section 3 (5) of the Saint Christopher

Pace Law Firm (Immigration)

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