The Federation of St. Kitts &Nevis attained the strongest growth and fiscal performance in the ECCU region in recent years, with public debt having met the ECCU’s 60 percent of GDP target in 2018. Such strong macroeconomic performance, strong democracy, a peaceful and stable polity and respect for the Rule of Law underpins the Federation as a number one destination for Migration Investment.
More and more we see you wanting to work when and where you’re most comfortable and focused. We see you wanting more life experiences yet wanting to be connected at all times. Digitally native, entrepreneurial and well-travelled, you are not afraid to relocate for the right experiences and opportunity. You are globally mobile and so working from the country of choice is for you, the equivalent of working from home.
We are your bank to support and facilitate your needs. We provide holistic wealth management solutions and seek to align these to a unique BONI migration investment product that allows you to take a portfolio management view of ethically investing in St Kitts & Nevis and in line with Sustainable Development Goals whilst also benefitting from a second passport that allows visa – free travel to 140 destinations in the world. Come bank with us, come talk to us.
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by all United Nations Member States in 2015. The 17 SDGs are integrated and wider in scope than the 8 Millennium Development Goals (MDGs) which they supersede. The SDGs provide an important framework for emphasizing the economic, social and environmental dimensions of sustainable development, to achieve a sustainable planet by 2030. The 17 SDGs are:
- End poverty in all its forms everywhere
- End hunger, achieve food security and improved nutrition and promote sustainable agriculture
- Ensure healthy lives and promote well-being for all at all ages
- Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
- Achieve gender equality and empower all women and girls
- Ensure availability and sustainable management of water and sanitation for all
- Ensure access to affordable, reliable, sustainable and modern energy for all
- Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
- Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
- Reduce inequality within and among countries
- Make cities and human settlements inclusive, safe, resilient and sustainable
- Ensure sustainable consumption and production patterns
- Take urgent action to combat climate change and its impacts*
- Conserve and sustainably use the oceans, seas and marine resources for sustainable development
- Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
- Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
- Strengthen the means of implementation and revitalize the global partnership for sustainable development
“The United Nations recognizes that each country faces specific challenges in its pursuit of sustainable development and financing is perhaps the most common challenge that countries must grapple with to achieve the SDGs. International financial institutions such as BONI can play a significant role in creating innovative financing and investment mechanisms to support the development of new technologies, sustainable infrastructure and new growth strategies that are aligned with the SDGs. BONI is strategically positioned to develop innovative financial models and BONI’s contribution to the achievement of the SDGs will constitute an integral measure of the institution’s success. BONI’s ongoing commitment to help achieve the SDGs could result in tremendous investment opportunities and tremendous socio-economic and environmental benefits, to help achieve sustainability by 2030.”
Janice D. Hodge, Ph.D.
Director, Bank of Nevis International Limited
Saint Christopher and Nevis has the longest running Citizenship-By-Investment (CBI) program in the region. Bank of Nevis International Limited (BONI) will be launching in 2020 a unique Citizenship-by-Investment (CBI) product more aligned to Migration Investment. For additional details on this offering, please contact our Business Development officer.
Currently applicants seeking to become citizens of Saint Christopher and Nevis under the CBI program can achieve this in one of two ways:
- One can either invest a minimum of USD$200,000 (resalable after 7 years) or USD $400,000 (resalable after 5 years) in preapproved real estate development. Other pertinent government fees and taxes are also applicable. OR:
- Make a contribution to the Sustainable Growth Fund (SGF). The contribution by –a single applicant is USD $150,000. Other pertinent government fees and taxes are also applicable.
The legal basis surrounding the Citizen-by-Investment program are governed by the Citizen Act of 1984, section 3 (5). The terms and conditions of this act, are located in the government policy guidelines and rest on the basis of the constitutional, legislative and regulatory foundations. These guidelines are as follows:
- The government of Saint Christopher and Nevis utilizes the CBI program as a means to attract investors of good character to make a substantial contribution to the development of the Federation of Saint Christopher and Nevis. These said investors are then given the opportunity to apply for citizenship and passports under the strict guidelines and regulations of the government of Saint Christopher and Nevis.
- In 1984, pursuant to section 92 (1) (h) of the constitution, parliament prescribed that said persons would be entitled, upon making application, to be registered as citizens. Section 3 (5) of the Saint Christopher and Nevis Citizenship Act, 1984 (No. 1 of 1984) accordingly makes the following provisions:
- Subject to subsection (8) and (9) of this section, a person is entitled, upon making application under this subsection to the minister in the prescribed manner and upon payment of any fee that may be prescribed, to be registered as a citizen of Saint Christopher and Nevis without any rights of voting save under and in accordance with the provisions of any law governing the qualification of voters, if the cabinet is satisfied that such person has invested substantially in Saint Christopher and Nevis.
- The decision to determine which investments qualify as a “substantial investment” that renders eligibility for citizenship under the CBI rest solely with the cabinet by extension the government.
There are currently two paths to becoming a successful applicant under the Citizen-By-Investment program. These options will give rise to full citizenship for an individual, or for the individual and his/her family.
Current options are outlined below:
- The Real Estate Option: The Real Estate Option is an investment in a designated Real Estate which may include hotel shares, villas and condominium units with a value of at least USD $200,000. Non-refundable due diligence and processing fees are payable upon submission of an application. Once approved in principal under the real estate investment option the associated fees are payable to the Saint Christopher and Nevis government.
- Cost includes Government fees and purchase cost.
Persons who obtained St Kitts and Nevis Citizenship by virtue of the Investment Programme enjoy visa free entry to 140 nations and these include visit to Schengen member countries of the European Union (EU) without obtaining a visa, and stay for a period of three months within a six month period following the date of first entry in any EU country. Iceland, Norway and Switzerland have also been included as members under the Schengen arrangements.
Due to their open borders with Schengen members, Liechtenstein, Monaco, San Marino and Vatican City are considered to be de-facto Schengen members. Citizens of the Federation do not need visas to visit the United Kingdom and the Republic of Ireland, and can stay for six months and three months respectively.
Further information on this Programme can be obtained from the following websites:
- Citizenship by Investment www.ciu.gov.kn
- The St Kitts & Nevis Sugar Industry Diversification Foundation www.sidf.org