Important factors to consider in residence planning
St. Kitts and Nevis, also known in the country's 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. 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 British Commonwealth, CARICOM, the Organization of American States, and many other international organizations. The Eastern Caribbean Central Bank has its headquarters on St. Kitts and maintains the stability of the Eastern Caribbean Dollar (ECD), the national currency of most Eastern Caribbean countries, which is tied to the USA dollar. The head of state is the Queen of England, as St. Kitts and Nevis is a well-functioning democracy based on the British parliamentary system.
The country has a pleasant climate, particularly during the cooler months from December to March. Humidity is relatively low, and constant northeast trade winds keep the islands cool.
St. Kitts and Nevis offers good opportunities for investors. The workforce is well-educated, English-speaking, and friendly.
The Government of St. Kitts and Nevis has introduced extensive legislation to attract financial services business to the island. A citizenship-by-investment program has also been in operation since 1984, allowing foreign investors to acquire citizenship under certain conditions. This makes it the oldest existing citizenship-by-investment program and the most reputable in existence. Applicants can invest in either designated real estate or contribute to the Sugar Industry Diversification Foundation (SIDF), a public charity. The St. Kitts and Nevis passport is highly regarded, as only relatively few passports have been issued under this program. As a result, St. Kitts and Nevis passport holders enjoy an excellent reputation and visa-free travel to the EU, Canada, Hong Kong, Switzerland, and other countries. Accordingly, the St. Kitts and Nevis Citizenship-by-Investment Program is the most attractive option for persons looking to acquire alternative citizenship through investment without prior residence requirements.
Henley & Partners has been active in St. Kitts and Nevis for nearly 20 years, being the first international firm to be involved in the marketing and sales of the first real estate developments under the former citizenship program. Henley & Partners was specifically mandated by, and entered into an agreement with the Government of St. Kitts and Nevis in 2006, first to re-design and re-structure the citizenship-by-investment program, create the Citizenship-by-Investment Unit and the new SIDF option, straighten processes and procedures, advise on policy issues, and lead the international promotion of the program.
Henley & Partners continues to lead in promoting the program internationally, organizing global events each year featuring St. Kitts and Nevis, many of which are attended by government officials from St. Kitts and Nevis, including the former Prime Minister, the Rt. Hon. Dr. Denzil Douglas. Finally, Henley & Partners has been instrumental in the negotiations with the EU that led to visa-free access for all St. Kitts and Nevis citizens. The firm continues to actively support the expansion of visa waiver treaties for St. Kitts and Nevis and the benefit of all its citizens.
The Henley & Partners office in Frigate Bay, St. Kitts assists non-nationals in acquiring citizenship through the official St. Kitts and Nevis Citizenship-by-Investment Program, provides fiduciary services, and advises on all aspects of investing and doing business in St. Kitts and Nevis, as well as throughout the Eastern Caribbean region.
The specialized services of Henley & Partners complement the services of other consulting and law firms. We frequently assist them and their clients, particularly with the unique and specific details required by the acquisition of citizenship under the citizenship-by-investment program. Please contact us for more information.