The Saint Kitts & Nevis Citizenship by Investment Unit (CIU) informed stakeholders this month that, effective immediately, main applicants will be permitted to include siblings in their citizenship by investment applications, as long as they meet the following criteria:
- They must be the sibling of the main applicant (i.e., not of the spouse or any other family member included in the application);
- They must be 30 years of age or younger;
- They must be childless
- They must be financially dependent on the main applicant
The policy, emphasizes the circular, will not have retroactive effects; siblings may only be included in files submitted from this day forward and may not be appended to already-approved files.
The additional fees required to include a sibling is set at US$40,000 under the real estate option and US$20,000 under the Sustainable Growth Fund contribution option.
Siblings hoping to qualify, moreover, will have to undergo the same background checks as main applicants and will be subject to the applicable due diligence fee scale. The CIU will accept sworn affidavits from the main applicant confirming the sibling’s financial dependence on them as evidence of the same.
The Saint Kitts & Nevis CIP thus becomes the fourth Caribbean CIP to accommodate sibling-inclusion in applications, following the introduction of such policies in Grenada, Dominica and Saint Lucia last year.
The Kittitian policy, however, differs from that of the other programs in certain key respects; While the maximum age of siblings in Saint Kitts is set at 30, it is 25 in Dominica and 18 in Saint Lucia. Grenada appears not to have any such age restrictions. Grenada and Saint Lucia further have no requirement for financial dependence on the main applicant. The CIPs of Saint Kitts & Nevis and Saint Lucia mandate the individual be a sibling of the main applicant, while Dominica and Grenada also open for siblings of the spouse.
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