If you apply for a St Kitts passport before June 30, 2023, you can get a whopping $25,000 discount.
Launched in 1984 and renowned as the grandfather of CBI programs, St Kitts has set the CBI benchmark in the Caribbean for decades. Its program is considered to be a gateway to those interested in obtaining the many privileges and rights enjoyed by the inhabitants of the Caribbean countries and ensuring a better future for them and their families.
Previously, Saint Kitts and Nevis had two investment options:
A non-refundable contribution to the Sustainable Development Fund, starting at $150,000 USD, and increasing in value depending on the number of family members included in the application.
A Real estate investment in a government approved project or in a private property, the minimum investment required by law is $200,000 USD in a property that can be resold after 7 years, or $400,000 USD in a property that will be held for 5 years, for each applicant.
In 2022, Saint Kitts and Nevis introduced a third option “Alternative Investment Option (AIO)”, which is based on investing in projects approved by the government in amounts that will be determined later according to the type of the investment.
Saint Kitts and Nevis passport grants freedom of entry and movement to 154 destination around the world without a visa or a visa on arrival,
How to save $45,000 on St Kitts passports for you and your family in 2023 ?
Michael Martin wasted no time in announcing a number of incoming changes to the program in December 2022., including a rebrand, and the introduction of a number of new investment options.and the following program changes were confirmed, effective “from January onwards”
The donation-based option is now discounted – but for a limited time only…
Saint Kitts and Nevis decided to roll this discount on the popular Sustainable Growth Fund option (donation) from January 1 until June 30, 2023.
* Real estate acquisition
The purchase of real estate with a minimum value of USD 200,000 from an approved real estate development, or a minimum of USD 400,000 for an approved private home. The real estate purchased under both options can be resold after seven years.
Procedures and time frame of the St. Kitts and Nevis Citizenship by Investment Program
The St. Kitts and Nevis Citizenship by Investment Unit (CIU) is responsible for the processing of all applications. There is also an accelerated application process available with a 45- to 60-day processing time frame. The CIU undertakes strict due diligence checks.
The prime minister will sign the certificate of registration, which confers citizenship status. Once the certificate of registration is issued, the applicant is entitled to apply for a passport.
(By Citinavi team)