St Kitts-Nevis citizenship by investment program receiving nearly 300 applications annually

Prime Minister of Saint Kitts and Nevis., Denzil Douglas

The Citizenship by Investment Unit in St Kitts and Nevis receives approximately 300 applications per year and collects nearly EC$60 million (US$22 million) in processing fees.

This was disclosed by Prime Minister Dr Denzil Douglas during the last sitting of the St Kitts and Nevis National Assembly.

He said all applications that are received go through the rigors of the system established to ensure that only individuals who are worthy of becoming citizens of St Kitts and Nevis do so.

“Mr Speaker the Citizenship by Investment unit receives applications from all over the world. Our system is a robust and attractive one. We receive and process applications from the USA, Canada, China, the United Arab Emirates especially Dubai, Russia, Jordan, Yemen, Singapore, Taiwan, Germany, Egypt, South Africa, Saudi Arabia, Australia, Ethiopia, Ukraine, France, Kuwait, Vietnam, India, Nigeria, Lebanon,” he told the lawmaking body.

(More: St Kitts and Nevis generates revenue using economic citizenship programme)

Responding to questions from Eugene Hamilton, the Member for St Christopher 8, Douglas said the nature of the information required in part (c) of the question would take some time to analyze and the Citizenship by Investment Unit is in the process of fully computerizing its operations so that this level of information can be easily gathered.

“From these applications, Mr Speaker, government benefits mainly from processing fees, which amounts to approximately EC$60 million (US$22 million) per year,” disclosed Douglas.