St. Kitts and Nevis Citizenship by Investment

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1 St. Kitts and Nevis Citizenship by Investment

2 About the program ST. KITTS AND NEVIS Program overview - Obtaining citizenship by investment in St. Kitts and Nevis was established in 1984 and indeed it is one of the oldest and most attractive programs of such kind. Government provides two investment options (Real estate and Sugar Industry Diversification Foundation programmes) in exchange of citizenship. As tourism is the main engine of country s economy, government allows foreigners obtaining citizenship in 4 8 months period and encourages contribution in developing this luxuriant tropical paradise. Investment Type Timescale Location Capital Currency Population starts at $250,000 Citizenship 4-8 Months Caribbean Archipelago Basseterre XC$ 55K Real estate programme is based on investment in residential properties. All real estate projects must firstly be approved by the Federation of Saint Kitts and Nevis before investing. Investments in land are allowed only in territory of Christophe Harbour. Opportunities refunding entire sum with profit appears after 5-year mandatory holding period. Nevertheless, each investor is entitled for retaining and subletting property for tenants, therefore it might be kept as profitable investment. Sugar Industry Diversification Foundation programme was established to support sugar industry workers and it is based on non-refundable contribution to the government designated SIDF account. Passport validity for each adult is 10 years and for each underaged dependant 5 years. Saint Kitts and Nevis as all Caribbean islands, also allows second citizenship. Requirements - Qualifying investor must be at least 18 years old and successfully pass due diligence check, which is conducted by the Citizenship by Investment Unit (CIU) appointed company. GDP per Capita GDP World Rank $15, /193 KEY PROGRAM BENEFITS Passport within 5 9 month Visa free travels to over 150 countries Application is submitted on clients behalf Property sale possibility after 5 years GROUNDS FOR REFUSAL False information provided Criminal record Potential security threat to the country Disrepute to the country the country Denied visa to any country having visafree agreement with St. Kitts & Nevis

3 Family - As part of this program every main applicant is entitled to include their spouse, children under 18 as well as unmarried, dependant and full-time enrolled in higher education children under 30 and parents over 55. Physically or mentally challenged parents or children might be included as well. Dependants under 16 years old and born after citizenship is granted are automatically processed through the Ministry of National security. Living, Working, Studying and Traveling - Applicants and their families gaining citizenship in St. Kitts and Nevis also are free to live, work, set up business, study in the Caribbean CARICOM members, as well as travel to more than 150 countries, including EU, UK, Ireland, Commonwealth Nations, Hong Kong and Singapore. Financials. Real estate VS Donation Real Estate Investment - qualifying investment level is $ with the intention to build condos, homes, hotels and similar residencial properties. In 2016 there were over 25 approved proposals, such as Christophe harbour, Kittian hill, Emabassy suites, Koi resort residences, Four seasons resort estates, Zenith beach resort and more. Investors may choose from stunning vacation properties such as suites by Hilton, hotel groups, villas, condos, beach cottages, houses and similar projects with varying price from $ to few million USD and over. Each applicant under real estate program must reimburse non-refundable government administration (application) fees price prior the application process. Main applicant s and adult dependants fee is $ whereas spouse or dependents under 18 contribute by $ extra per person. Donation - For those qualifying under Sugar Indusrty Diversification Fundation program, St. Kitts and Nevis government provides separate options depending on whether it is single applicant or family case. Donation amount starts at (investor alone) and increases to USD of non-refundable charitable contribution for family case with up to three dependants. Contribution for each additional dependant regardless or age is USD. Application procedures and steps for both programes are quite simillar. Main difference appears before application process as following real esatate program, property can be booked by paying 10-20% initial deposit without paying full property price, whereas donation is requested after citizenship approval is received. Due diligence costs ($ main applicant; $ spouse and dependants over 16) and passport fees ($350 each) will be applied before the application regardless of whether real estate or Sugar Industry Diversification program is selected.

2 500 acre project with a 300 acre marina and 18-hole golf course promises comfortable life in a private or a co-owned villa with

4 St. Kitts and Nevis Real Estate Share of Christophe Harbour Villa Christophe Harbour provides luxury living surounded by turquoise lagoons, sandy beaches and picturesque hills with views to Nevis Island acre project with a 300 acre marina and 18-hole golf course promises comfortable life in a private or a co-owned villa with starting at 1500 to 4500 square feets. Christophe Harbour oﬀers 2, 3 or 4 bedroom properties with stunning natural landscapes, lush private gardens and courtyards outdoors. Minimum investment level is USD.

St. Kitts and Nevis Real Estate Villas at Four Seasons Resort Estates Four

vacation properties contemporary and expansive indoor and outdoor spaces.

$Proprietorship or fractional ownership is allowed.$

5 St. Kitts and Nevis Real Estate Villas at Four Seasons Resort Estates Four Seasons Resort Estates situated nearby Pinneys beach offers luxurious vacation properties contemporary and expansive indoor and outdoor spaces. 2 to 5 bedroom villas having private pools and fragrant gardens outside, assure fully equipped accommodations with fully furnished rooms inside. Proprietorship or fractional ownership is allowed. Price ranges from to USD.

Program Investment costs Requirements / Investment (USD) Real estate investment* Application fee: investor/adult dependant spouse/children under 18 Donation (main applicant only)** Due diligence fee:

6 Program Investment costs Requirements / Investment (USD) Real estate investment* Application fee: investor/adult dependant spouse/children under 18 Donation (main applicant only)** Due diligence fee: main applicant Spouse Passport fee (each applicant) Real estate Sugar Industry Diversification *Real estate might be sold after 5-year period. **Donation amount varies depending on number of dependents. $ for family of 4 persons. Additional donation of $ for each dependant above 4 persons is applied. Taxes Appropriate tax planning enables enjoying of a tax free status on personal income and international revenues. As well no wealth or inheritance taxes are applied. Property registration, processing fees and taxes must be paid in addition to the property purchase. Real estate purchase closing costs are approximately 2 2,5% of the gross property price.

Timescale and Payment Outline Step 1 Due diligence Step 2 Documents preparation Step 3 Citizenship application Step 4 File processing Step 5 Remaining payments Step 6 Passport 3 5 days 1 month 1 day

7 Timescale and Payment Outline Step 1 Due diligence Step 2 Documents preparation Step 3 Citizenship application Step 4 File processing Step 5 Remaining payments Step 6 Passport 3 5 days 1 month 1 day 3 months 1-3 months 1 month To assure eligibility and avoid possible expenses pre-due diligence is conducted. Collect and sign all the necessary documents. Real estate program application fees and deposit of 10-20% property price may be requested. Due diligence fees are required regardless of chosen program. 50% agent fee applied. Application with supplementary documents are provided to the CIU. 50% agent fee applied. File processing approximately takes 90 days, after which the approval is issued. Remaining balance and closing costs of real estate are required. In case of sugar industry diversification program investor is obliged to pay full donation to the Escrow account in 90 days. Issued passports are collected and sent by trusted courier.

8 Step 1 (3 5 days) Pre-due diligence allows avoiding possible issues and assure eligibility. It also allows for ineligible applicants to save unnecessary costs, time and effort. Step 1 requires: Contract form (fill and sign) Passport copies (including dependants) Residential address Full information about dependants Full details on profession or business Origin of finances Banking details (name, address, SWIFT/BIC code, IBAN No, account number) In cases of questionable pre-due diligence outcomes, enhanced background checks may be required, including possible cooperation with the relevant authorities. Step 2 (1 month) Collection and preparation of documentation usually takes approximately 1 month to prepare alldocuments which must be translated to English, apostilled and notarized. Step 2 requires: Payments: Deposit of 10% of the real estate price (required by the CIU before the application process) $7,500 due diligence (main applicant) $4,000 due diligence (spouse/each additional dependant 16 and older) $50,000 application fee (main applicant/adult dependant) $25,000 application fee (spouse/child under 16) Common Documents: Signed purchase/sale agreement on the real estate Application form (provided) Photograph and signature certificate form (provided) Medical certificate form (provided) Original results of HIV 50% of the agent fee

9 Investor only: Reference Letter from Bank Original letter to the Minister with petition Main applicant statement of funds source and Wealth (Form SWFW) Curriculum Vitae (main applicant) Original letter to the Minister about the origin of investments Original letter to the Minister confirming the authenticity of submitted Information Professional Reference from employer/business partners Notarized copy of marriage certificate with apostille Original letter to the inspector (notarized power of attorney) about delegation of authority to the agent All applicants: Notarized extract from passport (bio pages) with apostille and notarized translation Certified copy of passport (all pages, all applicants) 6 photos 3.5 x 4.5cm Notarized copy of birth certificate with apostille No criminal record (notarized with apostille). Not older than 3 months) Notarized copy of military card with apostille (if applicable) Original certificate from the child's university (if a child is older than 18 and up to 25 years) with notarized translation Power of attorney Step 3 (1 day) Our legal representative provides all necessary documents to the immigration office and accomplishes citizenship application on clients behalf. Physical presence of main applicant is not required. At this step balance of 50% agent fee is applied. Step 4 (3 months) Application processing and due diligence checks takes approximately 3 months, after which approval from the Citizenship by investment Unit (CIU) should be received. Only on very rare occasions the application may be denied, after due diligence check is successfully passed.

Step 5 (1 month) Once approval is issued, if applying under real estate program, remaining balance of property must be paid and after receiving the transaction, the Developer notifies the CIU that

10 Step 5 (1 month) Once approval is issued, if applying under real estate program, remaining balance of property must be paid and after receiving the transaction, the Developer notifies the CIU that payment is done. 2 2,5% real estate purchase closing costs are requested. In case of sugar industry diversification program investor is obliged to pay full contribution to the government-designated Escrow account within 90 days. $350 passport fees for each applicant is required despite which program was chosen. Step 6 (1 month) Prime Minister office issues the Certificate of Naturalization and our lawyer submits it together with the passport application to Passport Office. Once passports are ready, it will be collected and sent by the reputable courier service.

11 Naugarduko g. 19, Vilnius, Lithuania Phone: +370 (5) Mob

THE FEDERATION OF ST. KITTS AND NEVIS

THE FEDERATION OF ST. KITTS AND NEVIS CITIZENSHIP BY INVESTMENT PROGRAMME The St. Kitts and Nevis Citizenship by Investment Programme was established in 1984, making it the oldest programme of this kind