Sugar Industry Diversification Foundation
The Sugar Industry Diversification Foundation (SIDF) was established in 2006.
It came into existence after the Government shut down the loss-making sugar industry in 2005 and embarked on a path of economic diversification and development by supporting, funding and undertaking the development of new and existing industries, projects or enterprises. Anyone, including Government, persons or institutions, that can prove that they require such assistance under the SIDF policies, are eligible for a grant, loan, budget support, debt forgiveness or assistance of any kind from the Foundation.
The Foundation is a public charity living off donations and it was designated a specially approved project under the Citizenship by Investment programme to attract investments. Contributions to the SIDF qualify foreign nationals, subject to stringent due diligence checks, to apply for a St. Kitts & Nevis passport.
Contribution and fees
Applicants may qualify for citizenship through a one-off non-refundable contribution to the Foundation.
|Contribution||Due Diligence + Processing fees|
|Up to 3 dependants (e.g. spouse+2 children)||+$50,000||$4,000 for each dependant over 16|
|Each additional dependant irrespective of age||+$25,000|
- Main applicant should be at least 18 years old.
- Applicants over 16 must pass Due Diligence process.
- Applicants should have no previous criminal record and be of good character.
- Main applicant must provide references from the bank.
Eligibility of Dependents
- Unmarried dependent children who are older than 18 but younger than 30, if they are full-time students and financially reliant on the main applicant.
- Dependent parents or grandparents aged 55 or above living with and fully supported by the main applicant.
Accelerated Application Process
You can use 60 day Accelerated Application Process (AAP) option, subject to $25,000 per main applicant and $20,000 per dependent over 16; it includes passport application and processing. Additional $500 is charged for each dependent under 16 for passport application and processing. Some applications are processed within 45 days under AAP. Government fees and other charges are not included in the above.
What you need to do
Once you decide to apply for a St. Kitts and Nevis passport through making a contribution in the fund and we sit down with you to talk about your situation, we shall proceed as follows:
- You sign an agreement and power of attorney for representation of your interests under the programme.
- We fill in the forms, gather and prepare paperwork and documents.
- Submission of application to the CBI Unit.
- Due diligence checks and processing of application by the government.
- Approval of the application in principle.
- You make a contribution and provide a confirmation of the transfer of funds.
- You are issued with the registration certificate.
- We apply for passport.
- Passport is issued.