New Limited Time Discount (2023)

The Cabinet of St Kitts and Nevis Government has announced the of limited time USD 25,000 discount under Sustainable Growth Fund (SGF).  As per the government announcement, the SGF contribution is reduced by USD 25,000 for a limited time six months from Jan 1,2023 to Jun 30, 2023. Further all SGF applications automatically qualify for accelerated processing will be expedited to 60 days (instead of 90 days) without any additional fee.

Under the Limited Time Offer, investment options for Sustainable Growth Fund (SFG) are as follows:

• Single applicant – US$ 125,000

• Main applicant and a spouse – US$150,000

• Main applicant, spouse and two dependants – US$170,000

• Each additional dependant under 18 – US$10,000

• Each additional dependant over 18 – US$25,000

Note; No changes to pricing for real estate option.

Important Changes

• St Kitts passport is now the powerful CBI passport in the Caribbean with visa free access to 155 countries and territories, including Russia, UK, Ireland, EU Schengen states.

• St Kitts committed expand visa waiver program with more countries and has recently signed visa waiver to Mexico, Georgia, Albania. Since 2105, the government has signed visa waiver with 19 countries.

• St Kitts has tightened application checks and implemented biometric and fingerprinting requirement from applicants.

• St Kitts CBI scheme do not require taking Oath from applicants, unlike other countries.

• Real estate investment required reduced to $200,000 and must be held for 7 years. The Government implemented escrow legislation to protect citizenship investors. The real estate option is cheaper to big families instead of donation option.

• St Kitts issues biometric e-passport valid for 10 years under the CBI program.  The passport can be collected through authorized agent or at embassy.

St. Kitts and Nevis have recently enhanced their citizenship by investment program, aiming to streamline the application process and attract individuals of high value. These changes are a result of discussions with international partners and stakeholders, emphasizing the government's commitment to maintaining the program's prestigious standing in the investment migration market.

Key Reforms:

To make the program more exclusive, the government has introduced significant changes, focusing on preserving the country's integrity and the status of being a national of St. Kitts and Nevis.

Doubling Minimum Investment Amounts:

As part of the program reforms, the Sustainable Growth Fund (SGF) has been replaced by the Sustainable Island State Contribution (SISC). The minimum donation for a single applicant under SISC is now USD $250,000, twice the previous SGF minimum of USD $125,000. Consequently, the minimum contributions for a family of two and a family of four have increased to USD $300,000 and USD $350,000, respectively.

- Single Applicant: USD $250,000

- Applicant + Spouse: USD $300,000

- Family of Four: USD $350,000

Investment Options:

- Developer's Real Estate Option: Minimum investment is now USD $400,000, to be held for at least seven years before resale.

- Approved Private Home and Approved Public Benefit: Minimum investment amounts vary, and properties must be retained for at least seven years, with restrictions on resale to another CBI applicant.

Minimum Contribution to Approved Public Benefit Projects Increased:

Applicants choosing the Approved Public Benefit option now need to make a minimum contribution of USD $250,000, up from USD $175,000. This option is available to benefactors whose projects enhance local employment and contribute to technology transfer and local capacity building.

Mandatory Interviews:

Mandatory interviews for main applicants and dependents aged 16 and over have been introduced to strengthen trust between the St. Kitts and Nevis CIU and investors. These interviews, conducted by an independent professional company commissioned by the CIU, will be included in the increased due diligence fees.

Collection of Certificate of Registration:

Upon approval and completion of due diligence checks, a Certificate of Registration, serving as proof of citizenship, will be issued. Applicants must collect this certificate in person at St. Kitts and Nevis or from an approved Embassy or Consulate.

Prime Minister's Statement:

Prime Minister Terrance Drew highlighted that these changes aim to consistently improve the already robust regulatory system, ensuring the highest standards of citizenship and fostering a community of nationals committed to the nation's advancement.