A certain number of countries have opened up their nationality to individuals and their families desirable to the nation due to significant contribution to the state. The concept of Citizenship by Investment has logically caught on in a number of countries who wish encourage talent and skill to their jurisdiction.
One of the ways in which citizenship can be acquired in Nevis is through investment by the purchase of an “approved real estate investment project” located in specified zoned areas on the island. To qualify for citizenship, the applicant must make either an investment of at least US$ 400,000 in one of the approved real-estate developments in addition to paying government fees, other fees and taxes, or alternatively making a contribution to the Sugar Industry Diversification Foundation (SIDF, a public charity) starting from US$ 250,000 (for a single applicant).
Investors of good character can make a substantial contribution towards the development of the Federation. Investors are then given the opportunity to apply for citizenship within the strict guidelines of the law and the relevant regulations.
Developers can make an application for their project to be designated as an “Approved Project” under the Citizenship by Investment Programme. An investor may qualify for citizenship under the real-estate option of the programme, by purchasing property in a designated “Approved Project” with a value of at least US$ 400,000.
For more information on becoming a citizen through investment please contact us.