- September 25, 2017
- Posted by: CIP Journal
- Category: Citizenship
St Kitts & Nevis and Grenada both run their citizenship by investment programmes in the Caribbean.
- Grenada is much cheaper than St Kitts and Nevis under both donation and real estate option.
- Grenada has visa waiver with China and provides access to E-2 visa to United States which is a cheaper alternative to EB-5.
- Another subtle difference is St Kitts and Nevis passport is valid for 10 years while Grenada passport is only valid for 5 years.
- Grenada is the only country which as visa free travel to China while St Kitts and Nevis does not.
- St Kitts and Nevis does not have E-2 treaty visa with United States.
Here are the comparison of the two CBI programs.
St Kitts and Nevis
|CIP started||Oldest Citizenship by investment programme started in 1984||2013 under Grenada Citizenship by Investment Act, 2013|
|National Fund (donation)||USD 150,000 (Hurricane fund) or USD 250,000 SIDF
||USD 150,000 NTF fund
plus USD 25,000 per additional dependant after the third dependant
|Real estate|| USD 400,000 plus payable of Government fee
|| USD 350,000
plus Government fee of USD 50,000 upto family of four and USD 25,000 per additional dependant after the third dependant
|Additional fees||Due diligence fee: US$7,500 for the main applicant, and US$4,000 for each dependent of the main application who is over the age of 16 years.||Due diligence fee:USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17
Application fee: USD 1500 per person
Processing fee: USD 1,500 per person aged 18 and over, USD 500 for persons under 18
|Processing time||3 months (2 months under fast track accelerated option)||2 months|
|Visa free travel||136 countries *||124 countries *|
|E-2 visa treaty with US||No||Yes|
|Permanent residency||possible by renting or leasing a property||possible by renting or leasing a property|
|Visa required to visit US/Canada||yes||yes|
|Government bonds||option not available||option not available|
|Business Enterprise||option not available||option not available|
|Passport valid for||10 years||5 years|
|Visa free travel||EU schengen states, United Kingdom, Russia (from 2018) total of 136 countries||EU schengen states, United Kingdom, Russia (from 2018) total of 124 countries|
|Personal visit||not required||not required|
|Renounce previous citizenship||no||no|
|Passport renewals||Consulate or embassy or in Grenada||Consulate or embassy or in Grenada|
|Population||55,463 (2017)||107,317 (2016)|
|GDP||$945 million||$1 billion|
|About||Intoxicating natural beauty, sunny skies, warm waters, and white sandy beaches combine to make St. Kitts one of the most seductive spots in the Caribbean. Christopher Columbus first spotted St. Kitts in 1493, when it was populated with native tribes, but the Europeans didn’t colonize until the British arrived in 1623. Its strategic location and valuable sugar trade led to an advanced and luxurious development that was among the best in the Colonial Caribbean.
The St Kitts and Nevis islands are of volcanic origin, with large central peaks covered in tropical rainforest; The majority of the population on both islands lives closer to the sea where the terrain flattens out. There are numerous rivers descending from the mountains of both islands, which provide fresh water to the local population. St. Kitts also has one small lake, a salt pond.
|Grenada, known as the ‘Isle of Spice,’ is one of the most magnificent islands in the West Indies. Unspoilt and exotic, it astounds visitors with its wildly jagged mountain peaks, hidden coves, spice plantations, and lush verdant rainforests. Its beaches are idyllic, with white or golden sand, palm trees, and the delicate aroma of the island’s native spices.
In addition to its scenery, Grenada offers culture, fun, and friendliness typical of the authentic Caribbean life – making Grenada the perfect place in which to live, work and play.
The nation of Grenada, measuring 344 km2, is composed of three key islands: Grenada and its sister islands Carriacou and Petite Martinique. Each is beautiful and rich in culture, historic sites, fresh culinary delights, and much more. Carriacou is only a 90-minute boat ride from St. George’s, the nation’s capital city.
* Henley visa restrictions index 2017