St. Kitts & Nevis Decreases Investment Prices in Citizenship by Investment Programs 

The St. Kitts & Nevis Citizenship by Investment Unit (CIU) has announced updates to its Citizenship by Investment Program (CIP), effective immediately. These changes aim to enhance the program’s appeal in line with recent adjustments by other Caribbean CBI jurisdictions, to remain competitive with those programs.

Revised Investment Thresholds

Michael M. Martin, CEO of the St. Kitts & Nevis CIU, detailed the new minimum investment amounts, especially for the Sustainable Island State Contribution (SISC) option. These changes are designed to make the program more accessible by lowering the financial entry requirements.

Sustainable Island State Contribution (SISC) Option:

• Single applicant or family up to four: US$250,000 (previously US$350,000)
• Additional dependants under 18: US$25,000 each
• Additional dependants 18 or older: US$50,000 each

This reduction aligns the SISC option more closely with the minimum threshold now common among other Caribbean CBI programs, including Dominica, Grenada, and St. Lucia, as agreed in the Caribbean CIP Memorandum of Agreement (MoA) last month. Antigua & Barbuda has proposed similar prices but requested a 30-day delay for implementation.

Real Estate and Public Benefit Options

Investment thresholds for the 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 a condominium unit or share in an approved real estate development
  • US$800,000 for a single-family private dwelling home
• Public Benefit Option: US$250,000

All real estate investments can be resold after a holding period of seven years.

Post-Approval Fees

The CIU memo also includes post-approval fees for CBI applications under the real estate and Public Benefit investment options:

• Main applicant: US$25,000 (waived for the Public Benefit Option)
• Spouse of the main applicant: US$15,000
• Dependants under 18: US$10,000 each
• Dependants 18 years or older: US$15,000 each

Due Diligence and Processing Fees

Due diligence, application processing, and certificate of registration fees remain unchanged:

• Due Diligence Fees:
  • Main applicant: US$10,000
  • Spouse and each dependant aged 16 years or over: US$7,500 each
• Application Processing Fee: US$250 per applicant
• Certificate of Registration Fee: US$50 per applicant

Strategic Positioning

These updates by the St. Kitts & Nevis CIU underscore their commitment to keeping the program attractive in a competitive market. By reducing investment thresholds and maintaining reasonable post-approval fees, St. Kitts & Nevis aims to attract more investors looking for a strategic citizenship option in the Caribbean.

Contact Citizens International

At Citizens International, we are dedicated to guiding you through these changes and helping you optimize your investment strategy. For more information on the updated St. Kitts & Nevis CIP, please set up a free consultation with our knowledgable team.