To obtain citizenship in St. Kitts and Nevis, applicants can invest in pre-approved real estate projects with a minimum value of US$200,000 (resalable after 7 years) or US$400,000 (resalable after 5 years) per main applicant. Accompanying family members require additional fees.
Upon application, due diligence and processing fees must be paid, amounting to US$7,500 for the main applicant and US$4,000 for each dependent over 16 years old.
If approved, the government fees are as follows:
- Main applicant: US$35,047.
- Spouse: US$20,047.
- Any other qualified dependent: US$10,047.
Real estate buyers should also be aware of purchase costs, such as insurance fund contributions and conveyance fees. St. Kitts and Nevis’ real estate market has grown due to new developments, such as the Park Hyatt, Aman Resort, Four Seasons Resort, and Marriott Hotel.
Over 70% of real estate sales are linked to the citizenship by investment program. Rental yields range from 4.9% to 5.3%, and prices start at $420,000 for 1.5 bedroom condos and houses and $750,000 for 3-bedroom condo houses, averaging $3020 per sq.m.