Citizenship by Investment

Citizenship by Investment Program

The Path to Citizenship

Purchase Process for non-citizens

Application Process (Schedule A)

Application Process (Schedule B)

Purchase Process – Citizenship by Investment Program

Preliminary Steps
Clients expressing an interest in the Citizenship by Investment Program with Wyndham Grand Nevis at Northern Pointe have the option to obtain an ownership interest through the purchase of either a fractional share of a villa or condominium Unit.

Reservation and Deposit
The client (main applicant) must sign a reservation agreement and provide a non-refundable reservation deposit of $10,000.00 USD to the developer, Northern Pointe Development, Ltd. Please note that the deposit amount will ultimately be deducted from the full investment amount (Units start at $430,000). At this point, the client must retain a local Processing Agent (licensed in St. Kitts & Nevis). The Processing Agent, who can be recommended by Northern Pointe Development, Ltd., will act on behalf of the client to prepare and submit the application to the Government.

Purchase Agreement Documents
After receiving the signed agreement and deposit, Northern Pointe Development, Ltd. will provide the client a counter-signed original of the documents, along with a legal package (see Schedule B), which will include the purchase documents. Upon signing the purchase documents, the client must return them to the Processing Agent for execution.

Citizenship by Investment – Processing
At this time, the client must send their completed Citizen by Investment application forms to the Processing Agent, accompanied by payment of the Government required Due Diligence Fees (see schedule A), as well as any processing fees charged by the Agent. The Processing Agent then files the CBI application with the Government. Processing of the application typically takes 60-90 days. Upon acceptance of the application, an “Approval in Principle” is issued by the Government.

Payment
Once the “Approval in Principle” is issued, the client shall notify Northern Pointe Development, Ltd., and then must send, within 7 days, the remaining balance of the purchase price to the Developer’s designated Escrow Agent.

Ownership and Passport Issuance
Upon confirmation of the receipt of the funds in escrow, the closing and issuance of the Certificate of Ownership will proceed. The Escrow Agent will transfer the purchase price to Northern Pointe Development, Ltd., and the client will then be issued a “Certificate of Ownership”. The Processing Agent will then forward the “Certificate of Ownership” to the Citizenship by Investment unit for completion. Subsequent to final processing, a “Certificate of Citizenship” and Passport will be issued to the client by the Government.

Northern Pointe Development, Ltd. will keep clients informed at all stages of the development process.

Purchase Process for non-citizens

Selection and Reservation
After making their choice of villa or condominium Unit, the client will sign a reservation agreement and pay a refundable deposit in the amount of $10,000.00 USD to the development company, Northern Pointe Development, Ltd. This deposit will ultimately be deducted from the full purchase amount (fractional shares start at $430,000USD).

Purchase Agreement Documents
After receiving the signed agreement and deposit, Northern Pointe Development, Ltd. will return the executed reservation agreement along with counter-signed copies of the purchase agreement documents.

Contract and Payment
When the purchase documents are complete, arrangements will be made for the execution of the contract. Upon execution, the client will make the first installment of 35% of the purchase price to Northern Pointe Development, Ltd.

Property Construction and Transfer
At this point, construction has already commenced and progress payments are due to Northern Pointe Development, Ltd. as follows:

  • • Upon completion of the foundation and roof – 35%
  • • Upon the issuance of the Certificate of Practical Completion – 30% (less the initial $10,000.00 USD deposit). The owner will receive the Certificate of Practical Completion and Certificate of Ownership completing the transfer.
Wyndham Grand Nevis at Northern Pointe Citizenship by Investment
Schedule A

Below are the estimated costs for a family of 4 (excluding processing fees).

Overall investment including Application and Government Fees will be as follows:
(This example is for a One Bedroom Suite)

Item Cost
Cost of Unit US$ 430,000
Main applicant’s government fees US$ 50,000
Spouse’s government fees US$ 25,000
2 children’s government fees US$ 50,000

(US$ 25,000 for each child)

Due Diligence Fees US$ 19,500

(US$ 7,500 for main + US$ 4,000 x 3 for dependents)

Total Cost for Family of 4 US$ 574,500

The cost of legal fees will vary depending on investor’s location and number of dependents.
Dependents below the age of 16 years are not required to pay due diligence fees.
Additional costs apply for official government forms and attestation of documents.

To maintain citizenship, investors are required to hold their investment for a minimum of 5 years.

Thereafter, the investment may be sold and the subsequent investors may also apply for and benefit from the Citizenship by Investment Program. The original investor will be entitled to retain citizenship of St. Kitts & Nevis.

St. Kitts Citizenship & Passport Application
Schedule B

The following documents will be required:

For each applicant:

  • Citizenship Application Form C1 – Personal data and declaration
  • Citizenship Application Form C2 – Photograph and Signature Certificate
  • Citizenship Application Form C3 – Medical Certificate
  • Certified copy of Passport(s)
  • Certified copy of National ID card, if applicable
  • Certified copy of Residence Visa, if applicable
  • Two (2) Original or certified copies of excerpt of full birth record or Birth Certificate
  • Original HIV Test results, stamped and signed by Lab or Medical Doctor for applicants eight (8) years of age and older
  • Original Police Certificate/ Certificate of No Criminal Record (valid for three (3) months) from country of birth and country where resident for more than one (1) year in the past ten (10) years
  • Eight (8) recent colored passport photos (size 45mmx 35mm, white background, full face, no smiling, both ears showing)
  • Certified copy of proof of name change, if applicable
  • Passport Application form

For Main Applicant:

  • Original Bank Statement from internationally recognized bank, for past twelve (12) months, stamped by Bank
  • Original Bank Reference Letter, valid for six (6) months
  • Original Professional Reference Letter from attorney, chartered accountant, notary public
  • Original document of proof of current residential address (utility bill, bank statement, written confirmation can be included in Bank Reference Letter or Professional Reference Letter)
  • Original letter of employment, if employed
  • Certified copy of Company Incorporation documents, Share Certificates, or Business License, if self employed
  • Certified copy of Educational Certificate(s) issued by University, if applicable
  • Two (2) Original or certified copies of Marriage Certificate, if applicable
  • Certified copy of Divorce Certificate, if applicable
  • Affidavit of Financial Support of dependent children between ages eighteen (18) and twenty-five (25) and parents age sixty-five (65) and older
  • Limited Power of Attorney permitting Processing Agent to submit application(s) and collect passport(s)

For dependent children between ages eighteen (18) and twenty-five (25):

  • Proof of enrollment/full-time education

All documents must be in English or, if original language is not English, documents must be translated by a sworn legal translator or by a company whose main business is professional translations.

Additional documents may be required as evidence, explanation or otherwise, in support of the information provided by the applicant.