St Kitts and Nevis Introduces the Sustainable Growth Fund

The Hon. Dr. Timothy Harris, then-Prime Minister of St Kitts and Nevis, announced a new second citizenship investment fund — the Sustainable Growth Fund — as a successor to the Hurricane Relief Fund, which stopped accepting applications on 30 March 2018.

The Fund’s Investment Levels

The Sustainable Growth Fund required a contribution of USD 150,000 inclusive of government fees for a single applicant. Investment for a spouse was set at USD 25,000, and each dependent irrespective of age at USD 10,000. Due diligence fees remained unchanged.

The total contribution for a family of up to four therefore came to USD 195,000 — a competitively priced route into Caribbean citizenship by investment.

What the Fund Supports

Investment in the fund supports development across St Kitts and Nevis: healthcare, education, heritage and cultural protection, infrastructure, tourism, climate change mitigation and resilience planning, and the promotion of local small and medium businesses.

The Parallel Real Estate Route

St Kitts and Nevis retained its existing real estate investment option at USD 400,000 plus USD 75,000 in government fees for a family of four, with a five-year resale restriction.

To attract and fund new luxury resort developments, the programme also introduced a joint real estate investment option: two or more investors can apply together by purchasing a single piece of real estate, provided each main applicant contributes a minimum of USD 200,000 in real estate worth at least USD 400,000. The transfer is exempt from stamp duty. Government fees stayed at USD 35,000 for the main applicant, USD 20,000 for the spouse, and USD 10,000 per dependent. Property acquired under this option can be resold only after seven years.

The Government extended favourable consideration to the recommendation by real estate developers that existing developments qualify for inclusion under the joint option.

Legal Status

The Sustainable Growth Fund was gazetted under the Saint Christopher and Nevis Statutory Rules and Orders, No. 7 of 2018.

Wider Mobility

St Kitts and Nevis citizens enjoy enhanced global access to key business hubs including the UK, the Schengen Zone, Hong Kong, and Singapore, with visa-waiver agreements that have continued to expand over the years.

If you would like to speak privately about whether a Citizenship by Investment programme fits your circumstances, reach a senior advisor at PassPro.

Note: figures in this article are accurate as of 9 April 2018. Government programme prices and processing times change. For the current authoritative figures see our Citizenship Options page, the official government unit websites, or reach a senior advisor directly.