Citizens International is committed to keeping you informed about the latest developments in citizenship and investment opportunities in the Caribbean. Following the update on the St Kitts Citizenship by Investment Program pricing that we reported in July, we want to share additional information for prospective applicants.
Changes in Dependent Eligibility
Previously, siblings of the main applicant were allowed to be included as dependents in the application as long as they met certain requirements related to age, financial status, children, etc. However, under the new regulations, this is no longer the case – siblings can no longer be a dependent of a main applicant.
Financial Sponsorship Regulations
Another critical update concerns the financial aspect of the application process. The concept of “financial sponsorship,” where a third party (not the main applicant) pays for the application, was previously a grey area in the regulations. The new policy clarifies this: applications where the main applicant requires a third party to fund the application (a financial sponsor) will not be accepted. This change is effective immediately and reinforces the program’s commitment to transparency and self-funded investments.
Implications for Potential Applicants
These updates, along with the recently reported increase in investment thresholds, signify a shift in the St Kitts Citizenship by Investment Program, focusing on more stringent requirements and financial autonomy of applicants. Potential applicants should consider these changes carefully and plan accordingly.
At Citizens International, we understand that navigating these changes can be complex. Our team is dedicated to providing expert guidance and support throughout your application process. If you are considering applying for citizenship by investment in St Kitts or have any questions about these new regulations, we encourage you to reach out to us.
Our commitment is to ensure that your journey towards obtaining citizenship is as smooth and informed as possible. For more information and personalized advice, contact us at [email protected] or set up a free consultation with our team.