New Changes to the St Kitts and Nevis Citizenship by Investment Program
Last year St Kitts and Nevis introduced a special limited-time offer under its citizenship by investment program, reducing the amount of contribution to the Sustainable Growth Fund for families of up to four from $195,000 to $150,000. Initially, the discount was available only until 15 January 2021, but due to its popularity, it has recently been extended until the end of 2021. Moreover, St Kitts and Nevis has made it possible for investors to purchase any residential properties from $400,000 at their choice rather than government-approved real estate.
St Kitts and Nevis brings back its limited-time offer: the minimum investment amount within the Sustainable Growth Fund contribution option for families of up to four people is now reduced to $150,000 again. Though at first it was not planned to extend the discount after its expiration, a huge demand from CBI investors has triggered the island country’s government to reintroduce the special offer.
The real estate option under the citizenship by investment program of St Kitts and Nevis has been updated too. On 6 April 2021 the Citizenship by Investment Unit of St Kitts and Nevis has announced that from now on investors would be allowed to purchase residential properties (“private homes”) valued more than $400,000 at their own choice; previously, qualifying applicants could only purchase government-approved real estate. The new amendment has enabled investors to choose whether to buy authorised properties or non-government-approved private housing in any location of St Kitts and Nevis.
The purchase of residential real estate is also time-limited and is available until 1 November 2022. The property with the overall cost exceeding $400,000 (the value of the land is not included) has to be owned and must not be resold for at least five years.
Since its launch is 1984, St Kitts and Nevis’ citizenship by investment program has been attracting investors and their families from all corners of the world, offering them an easy and cost-efficient route to a secure, highly trusted second citizenship. Citizenship of St Kitts and Nevis provides numerous advantages, such as global mobility with visa-free entry to over 150 countries including the EU, the UK, Hong Kong, and Singapore; a favourable tax environment without income, inheritance and wealth taxes; good business opportunities; no visit or residency requirements; return on investment; and many others, not to mention it is an excellent “Plan B” in times of uncertainty and unexpected turbulences (for example, during the coronavirus pandemic). The entire application process is fast and hassle-free, and enables applicants to obtain passports in around three months.
Interested in obtaining citizenship of St Kitts and Nevis for you and your loved ones? Contact GLS Private Office and get all your questions answered. We will be happy to provide you with the best tailor-made citizenship solutions.