![Changes to St. Kitts & Nevis CIP in 2023 [Limited-Time Offer]](https://www.high-net-worth-immigration.com/hubfs/Blog/Featured%20Images/Basseterre%20St%20Kitts.jpg)
Following the appointment of the new CEO for St. Kitts & Nevis’ Citizenship by Investment Unit (CIU), significant changes were introduced to a sought-after St. Kitts and Nevis CBI Program.
St. Kitts and Nevis government is now offering а unique 6-month window for obtaining citizenship by investment, including a cheaper contribution to the Sustainable Growth Fund (SGF) and lower real estate fees.
If you want to learn more about the changes introduced to St. Kitts and Nevis CBI program and how you can take advantage of a limited-time offer to acquire a second passport in this beautiful Caribbean country, read this article until the end.
Donation at a Discount to the Program's Sustainable Growth Fund
One of the most critical changes to St. Kitts and Nevis CBI Program is the introduction of a limited-time discount on the donation to the program’s Sustainable Growth Fund.
Investors looking to secure St. Kitts citizenship can now enjoy a US $25,000 discount on the standard donation amount.
Here is how much applicants will need to contribute under the limited offer conditions:
US $125,000 – Main applicant;
US $150,000 – Main applicant and a spouse;
US $170,000 – Main applicant, spouse, and two dependants;
US $10,000 – Each additional dependant under 18;
US $25,000 – Each additional dependant over 18.
After six months (from 1st of July 2023 onwards), the contribution amounts will be reverted to
US $150,000 – Main applicant;
US $175,000 – Main applicant and a spouse;
US $195,000 – Main applicant, spouse, and two dependants;
US $10,000 – Each additional dependant under 18;
US $25,000 – Each additional dependant over 18.
However, it is essential to note that the offer is only valid for the first six months of the new year, between the 1st of January 2023 and the 30th of June 2023.
Reduced Non-Accelerated Real Estate Investment Fees
Another critical development in St. Kitts and Nevis’s real estate investment option is the change to government fees. A new lowered fee schedule has been set for real estate, private homes, and Public Good Investment Option (PGIO) investment routes. These need to be paid on top of the investment amount, due diligence, and application processing costs.
US $25,000 – Main applicant;
US $15,000 – Spouse;
US $10,000 – Dependant child under 18;
US $15,000 – Dependant child/other qualified dependants over 18.
Those, who want to speed up their applications, will be subject to higher fees. However, your application will be processed within 60 calendar days from the submission of the application.
The accelerated St. Kitts and Nevis CBI costs are as follows:
US $42,500 – Main applicant;
US $32,500 – Spouse;
US $22,500 – Dependant child under 18;
US $37,500 – Dependant child/other dependants over 18.
Alterations to St. Kitts and Nevis CBI Real Estate Investment
Starting from January 2023, individuals looking to secure a second passport in St. Kitts and Nevis through the property investment route will only be able to invest in government-approved development projects. The initiative aims to combat the funding of ghost projects using the scheme's real estate route.
The minimum real estate investment amount set out by law is US $200,000 (property resellable after seven years).
Brand New Investment Option from January 2023
In addition to the real estate and SGF investment routes, the new CIU unit introduced Public Good Investment Option (PGIO), replacing the Alternative Investment Option (AIO).
The minimum investment amount under the PGIO pathway is US $175,000, payable directly to the Approved Public Good Investor.
Private Home Sale Investment Option
The Private Home Sale Investment Option will be kept as a permanent investment option under the CBI Programme, with a minimum investment of US $400,000 per application in a private single-family dwelling house classified as an Approved Private Home.
Two or more principal applicants can jointly apply for citizenship by investment by acquiring a single property, with a minimum investment of US $400,000 from each principal applicant.
The amount due for the purchase will be held in an escrow account until the transaction is finalized.
Furthermore, investors in the Approved Private Home should be aware of a few restrictions. The property cannot be
- resold within seven years;
- resold to any other CBI applicant;
- transformed into flats or condominiums.
Due Diligence and Application Processing Fees
While this is not news, investors in St. Kitts and Nevis CBI Program will continue incurring non-refundable due diligence and application processing costs.
The standard application processing charge is US $250, payable directly to the CIU Unit; whereas the due diligence checks fees currently stand at
- US $7,500 for the principal applicant;
- US $4,000 for each dependant aged 16 or over.
Act Now!
With new modifications in effect, the Citizenship by Investment Scheme of St. Kitts and Nevis is redefining itself as an enticing program for investors who wish to get a second passport quickly and affordably.
This is a once-in-a-lifetime opportunity for you and your family to obtain a Caribbean passport with extraordinary privileges and perks. The clock is ticking, so act fast!
Get in touch today for more information on this limited-time offer to acquire St. Kitts & Nevis CBI. Book a complimentary consultation to get started on your immigration journey!
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