Update: St. Kitts & Nevis Announces Program Changes, Effective Immediately

In a press note, released by the St. Kitts & Nevis Citizenship by Investment Unit, the program has undergone significant changes that will come into effect immediately.  

Key Changes:

• Iraqi nationals no longer qualify for the CBI program.
• Siblings and grandparents no longer qualify.
• Parents age increased to 65 years.
• Mandatory interviews for all applicants 16 years and above.
• Collection of Certificates of Registration (COR) in person in St. Kitts & Nevis or a CIU-designated embassy.

Eligible Dependents:

1. A child under eighteen years of age;
2. a child between eighteen and twenty-five years of age, who is in full-time attendance at a recognised secondary or tertiary level institution of learning and fully supported by the main applicant;
3. a child aged eighteen years or older and physically or mentally challenged;
4. a parent of the main applicant, or of his or her spouse, aged sixty-five years or older living with and fully supported by the main applicant.

Investment Options:

Introduction of the Sustainable Island State Contribution (SISC) which has replaced the Sustainable Growth Fund (SGF) with a minimum donation of: 

• $250,000 for single applicant
• $300,000 for family of 2
• $350,000 for family of 4

Real estate option increased from $200,000 to $400,000 min investment. 

Private Home Sale:

• $400,000 for a condominium unit
• $800,000 for a single-family private dwelling

Public Benefit Project (PBP) also increased to $250,000 minimum investment

Due Diligence:

• $10,000 for the main applicant
• $7,500 per dependant aged 16 years and above

Collection of Certificates of Registration (COR):

After the application is approved and the applicant makes the desired investment, the CORs will be issued, and the applicant will have to collect them in person in St. Kitts & Nevis or at a CIU-designated embassy 

Please contact your St. Kitts & Nevis CBI expert at Savory & Partners for more information or further clarification.

 

  

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