St Kitts & Nevis Adjusts Citizenship by Investment Program to Enhance Competitiveness

Date: July 9, 2024

The Citizenship by Investment Unit (CIU) of St Kitts & Nevis has implemented significant changes to its Citizenship by Investment Program (CIP), effective immediately. These adjustments aim to align the nation's offering with regional competitors and meet evolving market demands.

Michael M. Martin, CEO of the St Kitts & Nevis CIU, detailed the updated investment thresholds and post-approval fees in a recent memo. He emphasized the importance of promptly notifying all program applicants regarding these changes.

One of the notable revisions includes a reduced minimum investment threshold for the Sustainable Island State Contribution (SISC) option:

US$250,000 for a single applicant or a family of up to four individuals (down from US$350,000 previously)

US$25,000 for each additional dependent under 18 years

US$50,000 for each additional dependent aged 18 or older

This adjustment brings St Kitts & Nevis closer to the recently adopted US$200,000 contribution threshold by other Caribbean CBI jurisdictions like Dominica, Grenada, and St Lucia, in accordance with the pan-Caribbean CIP MoA.
Antigua & Barbuda has proposed similar changes but has postponed implementation for 30 days, click to read in full>>>

Real Estate and Public Benefit Options

The minimum investment thresholds for Developer’s Real Estate Investment, Private Real Estate Investment, and Public Benefit options remain unchanged:

Developer’s Real Estate Investment: US$400,000

Private Real Estate Investment: US$400,000 for condominium units or shares in approved real estate developments, US$800,000 for single-family private dwelling homes

Public Benefit Option: US$250,000

*All real estate investments are eligible for resale after a holding period of seven years.

Fees

The memo also outlines post-approval application fees for real estate and Public Benefit investment options:

US$25,000 for the main applicant (waived for the Public Benefit Option)

US$15,000 for the spouse of the main applicant

US$10,000 for each dependent under 18

US$15,000 for each dependent aged 18 years or older

**Additionally, due diligence fees, application processing fees, and certificate of registration fees remain unchanged:

Due Diligence Fees: 

US$10,000 for the main applicant, 

US$7,500 for the spouse and each dependent aged 16 years or over

Application Processing Fee: US$250 per applicant

Certificate of Registration Fee: US$50 per applicant

***These adjustments reflect St Kitts & Nevis's commitment to maintaining competitiveness in the global CBI market while ensuring transparency and efficiency in its program administration.

For more details about the latest changes and updates on the caribbean citizenship by investment programs, feel free to contact us!