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Now You Can Add Siblings to Your St Kitts & Nevis Citizenship by Investment Application

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Date Published: November 11, 2020 | Date Updated: November 16th, 2020
By November 11, 2020 November 16th, 2020 No Comments

The St. Kitts and Nevis Citizenship by Investment (CBI) program is one of the most well-established and most sought-after paths to second citizenship in the world. The program has been active for 36 years now and still maintains the gold standard in the CBI industry – and as the program has recently secured its position as the platinum brand of the industry, the bar has risen even further. 

The citizenship program has racked up many awards and accolades over the years and is touted as one of the best CBI programs on the market. Thus, it is easy to see why so many high-net-worth individuals from the Middle East and beyond are seeking a St. Kitts and Nevis passport.

Besides the program’s stellar reputation, there are many reasons that foreign investors would want to hold citizenship in this Caribbean nation. A St. Kitts and Nevis passport come with many benefits and advantages like visa-free or visa-on-arrival travel to over 150 countries and territories, including the Schengen Zone and the UK. 

In This Article

  1. What Changes Are Being Made?
  2. Who Else Can Obtain Citizenship?
  3. Investment Options
  4. Book a Free Consultation

The best part about the St. Kitts and Nevis CBI program is that its opportunities and benefits are not only restricted to the investor but can be extended to his/her family members. Many of us have loved ones who are financially dependent on us due to various reasons – like disability, studying or being a minor – so it comes as a relief to investors that their families can be included in the application.

And thanks to the latest amendments to the CBI program, eligible family members now include siblings as well. This means that investors can rest assured knowing that their brother or sister will be just as secure as the rest of the family with St. Kitts and Nevis citizenship.

What Changes Are Being Made?

In October 2020, it was officially announced that the St. Kitts and Nevis CBI program has been amended to allow dependent siblings to be added to any new citizenship applications. Unfortunately, dependent siblings will not qualify for applications which are already approved.

Dependent siblings are defined as the brother or sister of either the main applicant or their spouse who meet the following criteria:

  • Unmarried
  • Childless
  • 30 years old or younger
  • Dependent on the main applicant for financial support

The addition of a dependent sibling under the real estate investment option will be an extra USD 40,000. While the addition of a dependent sibling under the Sustainable Growth Fund (or Limited Time Offer), will add another USD 20,000 to the total cost. 

Siblings are required to undergo all background checks and due diligence fees will apply as per the existing regulations of the application process. In addition, the main applicant must submit a sworn affidavit to confirm that said sibling(s) are financially dependent on him/her and the reason for it. 

People also read: St Kitts & Nevis Citizenship by Investment Program – All You Need to Know

St. Kitts & Nevis Passport - Savory & Partners

Citizenship by Investment Program – St. Kitts & Nevis Passport – Savory & Partners

Who Else Can Obtain Citizenship?

Any individual from any corner of the globe can apply to the St. Kitts and Nevis CBI program as long as they have the financial means and meet all the necessary requirements of the application process. They are as follows:

Main applicant

  • Must be at least 18 years of age or older.
  • Must be in good health.
  • Possess no criminal record.
  • Successfully pass due diligence checks.
  • Receive approval by the St. Kitts and Nevis government.
  • Have confirmed investment sources.

Eligible dependents

  • The spouse of the main applicant.
  • Biological or adopted children under 30 years of age.
  • Parents above 55 years of age.

Please note that parents and children who are older than 18 years of age must be dependent on the main applicant to qualify for the program.

You might also like: How do I become a citizen of St Kitts and Nevis?

Investment Options

Launched in 1984, the St. Kitts and Nevis Citizenship by Investment program is one of the oldest and most respected programs of its kind. It offers foreign nationals a route to a legal naturalization process whereby they can obtain citizenship for themselves and their families in the Caribbean nation. In exchange for citizenship, applicants to the CBI program are required to pass all due diligence checks and make a qualifying investment in the country. Applicants have two investment options when applying to the CBI program:

Sustainable Growth Fund (SGF)

A non-refundable donation of USD 150,000 is required from a single applicant. An applicant with three dependents consisting of a spouse and 2 children is required to make USD 195,000 non-refundable donation to the SGF. Each additional dependent, regardless of age, adds an extra USD 10,000 to the cost. 

Due diligence and processing fees amount to USD 7,500 for the main applicant and USD 4,000 for each dependent over 16 years old. 

As of July 2020, St. Kitts and Nevis have reduced the family donation from USD 195,000 to USD 150,000 due to the ongoing pandemic. This reduced price is available for a limited time and will expire in January 2021.

Real Estate Investment

A minimum real estate investment of USD 200,000 is required to obtain citizenship in St. Kitts and Nevis. The property must be held for a minimum of 7 years before it is deemed recoverable. 

Investors also have the option of a USD 400,000 real estate investment which must be held for a minimum of 5 years after the purchase is made.

Due diligence and processing fees amount to USD 7,500 for the main applicant and USD 4,000 for each dependent over 16 years old.

As of 1 July 2020, the stamp duty for real estate investors has been reduced to 2.5% until 31 December 2020.

Related Article: Limited Time Offer – Save $45,000 on St Kitts & Nevis Citizenship by Investment

Book A Free Consultation

When applying to any Citizenship by Investment program, please be sure to render the services of a government authorized agent and advisor like Savory & Partners. The internet is rife with fraudulent companies offering scams that promise citizenship or residency within an implausible timeframe and at an impossibly low price. If it’s too good to be true, then it probably is.

Savory & Partners is a government-approved agency that specializes in high-net-worth individuals applying to any Citizenship or Residency by Investment program. We are a British Authorised Agent with decades of experience who has helped over 1,200 families obtain second citizenship and have a 100% success rate in the industry.  

If you would like to apply to the St. Kitts and Nevis Citizenship by Investment program or would like to learn more, get in contact with us today for a free online consultation and one of our agents will happily aid you in your enquiry. All of our team members have at least 5 years’ experience in Citizenship and Residency by Investment Programs.

 

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Jeremy Savory

About Jeremy Savory

Jeremy Savory, the founder and CEO of Savory and Partners, runs one of the world’s leading HNW citizenship by investment firms. The second passport company has coverage in over 20 jurisdictions including Europe.

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