Saturday, August 8, 2020

C-Suite Lifestyle

Saint Kitts and Nevis Citizenship by Investment (CBI) program a top choice for those seeking second citizenship

Frigate Bay, Saint Kitts and Nevis

For the starting sum of $150,000, you can buy your citizenship of the pristine Caribbean islands of Saint Kitts and Nevis. Launched in 1984, the St. Kitts and Nevis Citizenship by Investment program’s initial purpose was to assist the islands’ economy, which had suffered due to the collapse of its sugar industry.

The twin-island Federation, Saint Kitts, and Nevis Citizenship by Investment (CBI) program grants citizenship to high-net-worth individuals (HNWIs), very high-net-worth individuals (HNWIs), and ultra-high-net-worth individuals (UHNWIs) and their families, who get in addition visa-free access to 156 countries, including EU member states and the United Kingdom.

The applicant could choose between two options — a contribution option that starts at $150,000 in addition to other fees, and a real-estate option that begins at $200,000 and includes investment in property or in the shares of a resort on the islands.

There are currently around 8 countries that offer citizenship by investment, but the St. Kitts and Nevis program is by far the oldest. Introduced by Prime Minister Timothy Harris two years ago, the Sustainable Growth Fund (SGF) option became the fastest route to second citizenship, with an average processing time of 3-4 months. Successful CBI applicants can also pass down their citizenship to future generations.

To assist in materializing more sustainable socio-economic initiatives on the islands, the government welcomes reputable foreign investors to become ‘economic citizens’ in exchange for a financial contribution.

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Sophie Ireland

Sophie Ireland

Contributors Editor
Sophie Ireland is the Contributors Editor at for CEOWORLD magazine, where she covers hiring trends, money, the future of work, and lists and rankings, and all things related to professional success for readers. She has ten years of experience in research, spanning market research, data analytics, macroeconomics, and financial services. She can be reached on email You can follow her on Twitter at @ceoworld.