[ Published March 27, 2018 by Natalia Zakharova ]
St Kitts & Nevis Prime Minister Timothy Harris has announced the launch of a successor fund – The Sustainable Growth Fund – to replace the Hurricane Relief Fund, in addition to a considerable reduction in the real estate investment requirement.
“The Sustainable Growth Fund for a single applicant will require a contribution of US$150,000, inclusive of Government fees. The contribution for a family of up to four will be US$195,000. We think this is attractive and sustainable,” said Harris.
Speaking of the revised real estate investment requirements, Harris stated that “In order to attract luxury resort developments, a US$400,000 investment may attract two applicants at US$200,000 each plus government fees but this can only be resold after 7 years.”
The new investment minimums for the St Kitts & Nevis citizenship by investment program (CIP) are now:
Minimum US$ 150,000 plus fees
Real Estate Shared Ownership
Minimum US$ 200,000 plus fees
Resale permitted after 7 years
Real Estate Whole Ownership
Minimum US$ 400,000 plus fees
Resale permitted after 5 years
For more information on the citizenship application process in any of the Caribbean CIP jurisdictions, or how Citizens International can work with you to assist your clients, please contact us.