The Ultimate Guide to Investing in the Sustainable Growth Fund in St Kitts & Nevis for HNWI

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Important Update: Changes to St Kitts & Nevis CBI Program :
As of July 27, 2023, the St Kitts & Nevis Citizenship by Investment Program has undergone significant changes aimed at enhancing its attractiveness and ensuring its alignment with the evolving global investment landscape. 
Introducing the Sustainable Island State Contribution (SISC) 

A transformative shift has taken place with the introduction of the Sustainable Island State Contribution (SISC), replacing the previous Sustainable Growth Fund (SGF). Please note that the Limited Time Offer for the SGF option, previously extended until January 31, 2024, has now concluded, effective immediately. 

The SISC option comes with revised minimum investment amounts: 

  • Main applicant only: USD 250 000 

  • Family of 2: USD 300 000 

  • Family of 4: USD 350 000 

  • Each additional dependent under 18: USD 50 000 

  • Each additional dependent aged 18 or over: USD 75 000 

By choosing the SISC route, applicants contribute significantly to the growth and prosperity of St Kitts & Nevis, ensuring the nation's future as a sustainable and thriving island state. 

Please read more here for more key changes to the citizenship by investment program. 


St Kitts & Nevis is renowned for their citizenship by investment program and one of the most popular investment options under the program is the Sustainable Growth Fund (SGF). The SGF offers investors the opportunity to contribute to the sustainable development of the country while also obtaining a second citizenship.  

The SGF offers an attractive investment option for high-net-worth individuals with its straightforward application process, affordable investment options, and numerous benefits.  

The Sustainable Growth Fund´s Objectives 

The Sustainable Growth Fund was established by the prime minister of St Kitts & Nevis in 2018 as a replacement for previous investment options under the citizenship by investment program, including the Sugar Industry Diversification Foundation (SIDF) and the Hurricane Relief Fund (HRF).  

The fund was established with a clear objective to support sustainable development in St Kitts & Nevis focusing on public projects and initiatives in healthcare, education, infrastructure, renewable energy and tourism.   

Improving healthcare  

St Kitts & Nevis recognizes the importance of a strong healthcare system and is committed to improving accessibility and quality of care. The Sustainable Growth Fund has helped finance renovation projects including the Sylvia Garnett Primary Health Care Facility in Tabernacle and the Cardiac Catheterisation Unit at the Joseph Nathaniel France General Hospital in Basseterre. Future plans include financing a new hospital and a permanent quarantine facility specifically designed to address infectious diseases. 

Enhancing education 

Education is a priority in St Kitts & Nevis and the Sustainable Growth Fund allocates funds towards enhancing its educational system. Several policies have been put in place to achieve these goals, including increasing the number of early childhood development spaces in both public and private assisted centers. There are plans to introduce enhanced student support services, as well as providing better resources and facilities to schools to cater to students with special needs.  

Infrastructure development 

The Sustainable Growth Fund has also been instrumental in financing critical infrastructure projects in St Kitts & Nevis. These initiatives include the rehabilitation of Brown Hill and Craddock Road, which involved significant improvements to pipelines, drainage systems, and roads. The fund plans to contribute to a new data center in the near future, which will further improve the country's technological infrastructure. 

Climate-smart solutions 

Recognizing its vulnerability to hurricanes and threats posed by climate change, St Kitts & Nevis uses funds from the Sustainable Growth Fund to enhance resilience and combat climate change. With commitments to achieve 100% renewable energy and a significant reduction in carbon dioxide emissions, the fund finances initiatives such as urban heat response plans, climate-smart technology retrofits for public buildings, and improved decision-making processes related to storms and climate risks. 

Tourism 

St Kitts & Nevis places importance on its tourism industry as it serves as a primary source of income for the country. To ensure sustainable practices are maintained, the Sustainable Growth Fund has provided funding to support the Nevis Tourism Authority's Sustainability Project. The aim of this project is to promote eco-friendly practices and encourage greater commitment to environmental stewardship on the island.   

 

Invest in the Sustainable Growth Fund & Obtain A Second Passport 

The Sustainable Growth Fund is primarily financed through the citizenship by investment program, which allows foreign investors to obtain citizenship and a passport in St Kitts & Nevis in exchange for their investment.  As one of the longest-running and most reputable citizenship by investment programs, it continues to uphold its legacy of excellence. By choosing St Kitts & Nevis as your investment destination, you join a community of global citizens who enjoy the privileges and advantages of dual citizenship with a powerful Caribbean passport.  

The St Kitts & Nevis passport is highly ranked, providing visa-free travel to over 150 countries destinations worldwide, including the EU, UK, Singapore and more recently, Kittians can now benefit from easier travel to Canada, as St Kitts & Nevis was added to in Canada´s eTA (electronic travel authorization) program in June 2023. A few key advantages of the citizenship by investment program in St Kitts & Nevis include: 

Tax Incentives 

St Kitts & Nevis offers attractive tax advantages, including no wealth tax or income tax, providing a favorable environment for further investments 

Streamlined and fast track process 

The program ensures a streamlined and efficient application process, allowing individuals to obtain citizenship in as little as 3-6 months, saving time and effort. 

Investment required after pre-approval 

Investors are only required to make the investment once their application has been pre-approved, reducing financial risks and providing peace of mind. 

Inclusion of family members and future generations 

The program allows for the inclusion of immediate family members, enabling them to obtain citizenship as well. Citizenship can also be passed down to future generations, ensuring long-term benefits. 

Increased opportunities through CARICOM 

St Kitts & Nevis, as a member of CARICOM, provides its citizens with enhanced lifestyle and business opportunities, including the right to live, work, and study in other CARICOM nations. This opens up a wider range of prospects and options for individuals and their families. 

Investment Required under the Sustainable Growth Fund 

The investment under the Sustainable Growth Fund is a non-refundable donation and the minimum investment for a single applicant starts at US $150 000. The required investment increases as more dependents are included within the application.  

  • Donation
  • Main applicant
    US$ 150 000
  • Spouse
    US$25 000
  • Family Up To 4
    US$ 195 000
  • Additional dependent under 18 (per person)
    US$ 10 000
  • Additional dependent over 18 (per person)
    US$ 25 000

Limited Time Offer Valid until January 1, 2024 

As part of a Limited Time Offer introduced earlier this year, St Kitts & Nevis is offering a discount of US $25 000 per application. The original LTO was set to expire on June 30, 2023, but due to overwhelming demand, the government announced an extension until January 31, 2024. 

 

The offer is exclusively launched for the SGF option. 

The current limited-time offer also includes the valuable benefit of the 60-day accelerated pass, which typically comes with a fee of US $25 000. However, during this offer, the fee for the accelerated pass is waived, allowing applicants to enjoy a shorter processing time without any additional cost. This special incentive provides applicants with a faster route to obtaining citizenship in St Kitts & Nevis. 

  • Regular Investment
    Discounted Investment
  • Main applicant
    US$ 150 000
    US$ 125 000
  • Main applicant + spouse
    US$ 17 000
    US$ 150 000
  • Main applicant + spouse + 2 dependents
    US$ 195 000
    US$ 170 000
  • Additional dependent under 18 (per person)
    US$ 10 000
    US$ 100 000
  • Additional dependent over 18 (per person)
    US$ 25 000
    US$ 25 000

FAQs 

  • A sustainability fund, also known as a sustainable investment fund or green fund, is a type of financial instrument that focuses on investing in public and private projects and initiatives in focusing on public projects and initiatives in healthcare, education, infrastructure, renewable energy and tourism. These funds seek to generate positive impacts and contribute to a more sustainable future. Sustainability funds provide investors with an opportunity to align their financial goals with their values, supporting enterprises that demonstrate a commitment to sustainability. 

  • The cost of becoming a citizen of St Kitts and Nevis varies depending on the investment option chosen as well as the number of dependents included within the application. Currently, there are four investment options available: 

    • Sustainable Growth Fund: non-refundable contribution starting from US $150 000 (US $ 125 000 until end of January 2024) for a single applicant 

    • Public Benefit Option: minimum investment of US $ 175 000 in an approved public benefit project 

    • Real estate investment in approved project: minimum investment of US $200 000, with additional property application fees 

    • Private residential investment: minimum investment of US $400 000 in a private dwelling, with additional property application fees  

    • Additionally, government fees are applicable and include due diligence fees, application fees, passport fees, among others. 

  • Investors interested in proceeding with the citizenship application in St Kitts & Nevis must meet the eligibility requirements and financial obligations, provide all required and supporting documentation and submit their application through an authorized local agent. 

  • The Caribbean offers several citizenship by investment programs at varying costs. Dominica and St Lucia are often considered more affordable options for single applicants, while Antigua & Barbuda tends to be more cost-effective for families. However, it's important to note that investments and fees can vary depending on the number of dependents included in the application. 

Enjoy a second citizenship with social impact 

If you are a high-net-worth individual looking to invest in a program that aligns with your values, consider exploring the Sustainable Growth Fund in St Kitts & Nevis. By investing in this fund, you can make a positive impact on the economy, environment, and society, while also enjoying the benefits of a second citizenship in a beautiful Caribbean nation. Contact us today to learn more about the opportunities available and take a step towards a more sustainable future.