Saint Kitts and Nevis citizenship by investment (CBI) program is the oldest one on the market. It was launched in 1984 and, obviously, its rules and requirements have changed since then. In this article, we’ll cover the latest changes in the program implemented in 2018.
In April 2018, the government of St.Kitts and Nevis has launched a new fund called the Sustainable Growth Fund. Its aim is to attract foreign investments and distribute the funds to different sectors (economy, education, medicine, etc.). By investing a certain amount of money into this fund any investor can apply for the country’s citizenship.
The minimum investment for a single applicant is $150,000, and for a family up to 4 people – $195,000. This type of investment is non-refundable. Plus each investor should pay some additional fees.
Apart from an investment in the fund, Saint Kitts and Nevis has another investment option: purchase of a certain real estate object. The scheme here is the same. If you invest in a pre-approved real estate, you will be able to become a citizen in about 3-6 months.
The real estate option also has been modified a little in 2018. Previously, the minimum investment amount was $400,000, while now it’s possible to divide the sum equally between 2 investors, making it $200,000.
Important note! By participating in the citizenship by investment program via real estate option, you agree to keep your investment for at least 5 years (if you invest $400,000) and 7 years (if you invest $200,000).
The amount of real estate investment won’t change if you decide to include your family members (spouse, kids, parents) in the application. However, you’ll be asked to pay government fees for each additional person in that case.
Note! On January 8, 2018, the government fees have been reduced for those who invest in real estate. So, if you purchase a real estate object on St.Kitts and Nevis and decide to obtain its citizenship together with your family (spouse and 2 kids), you’ll pay 50% fewer government fees than it used to be.
The best real estate options at the moment are Park Hyatt St. Kitts, Four Seasons Nevis and Kittitian Hill. These projects can bring annual income from 4.5% to 5.3%.
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