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2 For clients that request and require EconomicCitizenship of St Kitts and Nevis the ImmigrationGroup at Mishcon de Reya ensure that the whole process passes without difficulty, affording its clients such assistance and expertise as may be necessary. Background The Economic Citizenship Programme of St Christopher (St Kitts) and Nevis was established in 1984 and requires applicants to make an economic contribution to the country. In exchange, an Applicant may be granted full citizenship. To qualify for citizenship, an Applicant must either make a minimum investment of US$350,000 in an approved real-estate development (as well as paying government fees, other fees and taxes) or alternatively, make a contribution to the Sugar Industry Diversification Foundation (SIDF, a public charity) of a minimum of US$200,000 per single applicant.

3 Option 1 To qualify under the Real Estate option an Applicant must make an investment in qualifying real estate with a value of at least US$350,000. Additional costs include: 1. Purchase costs of 10% of the purchase price; 2. Government fees of US$35,000 for a single applicant plus US$15,000 for each dependant; 3. US$3,500 due diligence fee per adult application; 4. Closing costs of 3% of the purchase price of the property, which includes registration of the land title and stamp duty fees. As the application procedure under this option involves purchase of real estate, the processing time is somewhat lengthened, ranging from 4 to 14 months. The real estate must be held for five years and will not qualify the next buyer for Economic Citizenship; 5. Legal Fees - these are detailed on page 8.

4 Option 2 As an alternative to real estate purchase, an Applicant may acquire Economic Citizenship by making a donation to the Sugar Industry Diversification Foundation. The donation is in the form of a one-time payment which varies with the number of dependants as follows: 1. US$200,000 for a single Applicant; 2. US$250,000 for an Applicant plus spouse and two minor children; 3. US$300,000 for an Applicant plus spouse and four minor children; 4. US$400,000 for an Applicant and spouse and five minor children. The amounts listed include all government and due diligence fees but exclude legal fees which are detailed on page 8. Please note that there is currently an additional bank charge of US$ when the wire funds are transferred. It is critical to the success of such applications that detailed documentation is provided in a prescribed format. Applications are generally determined within three months of submission, but processing times may be expedited subject to the payment of an additional fee. Dual Citizenship St Kitts and Nevis permits and the acquisition of that citizenship is not reported to other countries. There are no compulsory conscription obligations. Whilst the acquisition of Economic Citizenship of St Kitts and Nevis is tax neutral, all Applicants are advised to obtain independent tax advice prior to the Application.

5 An Application for Economic Citizenship of St Kitts and Nevis grants the Applicant and dependant qualifying family members the full rights and entitlements that citizenship brings. Nationals of St Kitts and Nevis may travel visa free to over 60 countries worldwide. Visa requirements may change from time to time and hence you are advised to confirm these prior to travel. Of course you have the right to take up residence in St Kitts and Nevis as well as in most of the CARICOM (Caribbean Community and Common Market) member countries at any time and for any length of time. As a Commonwealth citizen, you will enjoy the most comprehensive visa-free travel of all economic passports. This includes to the whole of the European Union, including the UK where a visitor may spend a maximum period of 6 months in any 12 month period. Fees for such applications vary between GBP 80,000 to GBP 100,000 depending on the number of dependants and whether an Applicant seeks expedited consideration. A detailed breakdown can be provided on request.

6 The following countries currently allow nationals of St Kitts and Nevis visa free entry as a visitor. This list may change from time to time and you are advised to check visa requirements prior to each period of intended travel. Andorra Anguilla Antigua and Barbuda Aruba Austria Bahamas Barbados Belgium Belize Bermuda Bulgaria Canada Cayman Islands Chile Colombia Cook Islands Costa Rica Cuba Cyprus Czech Republic Denmark Dominica Dominican Republic El Salvador Estonia Fiji Finland France Germany Gibraltar Greece Grenada Guatemala Guyana Haiti Honduras Hong Kong Hungary Iceland Ireland Israel Italy Jamaica Kenya Kiribati Korea Latvia Republic of Lesotho Liechtenstein Lithuania Luxembourg Malawi Malaysia Malta Mauritius Micronesia Montserrat The Netherlands Netherlands Antilles Nicaragua Niue Norway Panama Peru Philippines Poland Portugal Romania Samoa (western) Seychelles Singapore Slovakia Slovenia Spain St. Lucia St. Vincent and Grenadines Suriname Sweden Switzerland Tanzania Trinidad and Tobago Tunisia Turks and Caicos Islands United Kingdom Vanuatu Venezuela Virgin Islands (British) Zambia Zimbabwe

7 Mishcon de Reya s dedicated Immigration Group was described in Chambers & Partners, the UK s annual and definitive legal guide, as having an impressive reputation for Investor applications, and international travel and economic citizenship applications. So why are we different? The decision to relocate the family and home is a major one for most clients. We work closely with our clients to ensure the process is as stress-free as possible - acknowledging that cultural nuances and personal circumstances rarely fit neatly into obvious immigration categories mean that clients may have different priorities and sensitivities. Much of our work is about bespoke immigration solutions for high net worth individuals. Our extensive contacts throughout the Immigration and Nationality in the UK, and with visa issuing post overseas, allow us to obtain exceptional and expeditious results for our clients. Working with wealth managers, family offices, international tax advisors and Private Banks, we provide cohesive advice allowing Applicants to make informed decisions on where to base themselves, their family and businesses, often taking advantage of the UK s favourable tax regime.

8 Mishcon de Reya s Immigration Group also provides bespoke advice to many international businesses and financial organisations on relocation and citizenship in the UK. Residency by way of investment of 1 million Applications for British Citizenship - often involving exercise of discretion Certificate of Sponsorship (Work Permit) applications Clients wishing to establish a business in the UK Sole representatives of overseas organisations Strategic immigration advice Tier 1 (General) applications for highly skilled applicants UK inward investment PLEASE NOTE THE INFORMATION GIVEN IN THIS DOCUMENT IS CORRECT AT THE TIME OF PRINTING (NOVEMBER 2010). PLEASE CONTACT US FOR CONFIRMATION OF THESE DETAILS AS THIS INFORMATION IS SUBJECT TO CHANGE AND MAY NOT BE ACCURATE AT THE TIME OF READING. Surname RAHMAN Given names KAMAL Position HEAD OF IMMIGRATION KAMAL.RAHMAN@MISHCON.COM Phone +44 (0) <<<<<<<<KAMAL<RAHMAN<<<<<<<<<<<<<<<<<<< <<<<<<+44<(0)20<7440<7143<<<<<<<<<<<<<<

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