St Kitts Nevis Realty can assist in your application process for CBI in either real estate or the newly announced Sustainable Growth Fund. We are happy to discuss your requirements and tailor the right programme to your needs.
The St. Kitts & Nevis Government has overhauled and updated it’s gold standard Citizenship by Investment Programme.
Investment by Real EstatThis option requires a minimum investment of US$ 325,000, with a 7-year holding period for condominiums only.
- The Private Home Sale Investment starts at US$ 600,000 for single-family private dwellings, if owned by a SKN citizen, Â also requiring a 7-year holding period.
Investment by DonationÂ
The Sustainable Island State Contribution (SISC) option has replaced the Sustainable Growth Fund (SGF), offering applicants greater investment flexibility. The updated SISC contributions are as follows:
- Main applicant: US$ 250,000.00 or a family of up to four persons being, Â main applicant, spouse and up to two dependants, or main applicant and up to three dependants.
- US$ 25,000.00 each additional dependant under 18 years of age
- US$ 50,000.00 each additional dependant over 18 years of age.
Public Benefit Option
The Public Benefit Option minimum investment in a unit of an Approved Public Benefit Project remains at US$ 250,000.00.
Post-Approval CBI Application Fees
The following post-approval in principle fees are to be paid to the CIU on every application made in accordance with the Developers Real Estate, Private Real Estate and the Public Benefit Investment Options:
- US$ 25,000.00 main applicant **
- US$ 15,000.00 spouse of main applicant
- US$ 10,000.00 each dependant under 18 years of age
- US$ 15,000.00 each dependant over 18 years of age
** For the Public Benefit Option the main applicant is exempted from the payment os US$ 25,000.00 post-approval in principle application fee.
Due Diligence Fees & Mandatory Interviews
Ensuring the utmost integrity and credibility, the St. Kitts & Nevis CBI programme now includes mandatory interviews. Additionally, the due diligence fees have been updated to provide a seamless application experience:
- US$ 10,000.00 – Main Applicant
- US$ 7,500.00 – each dependant aged 16 years or over:Â
Application Processing Fee and Timing
The application processing fee is US$ 250.00 per person.
The application processing time has been streamlined, with approvals-in-principle now issued within 120 days (4 months) from the date of submission to the Unit. Accelerated applications through premium fees have been discontinued.
Eligibility Update for dependents
With the new regulations, the definition of dependents has been re-defined as follows:
- Children under eighteen years old.
- Young adults aged between eighteen and twenty-five years, attending recognised educational institutions.
- Physically or mentally challenged children aged eighteen years or older.
- Parents of the main applicant or spouse, aged fifty-five years or older, fully supported by the main applicant.
Collect Your Certificate of Registration
Upon approval and completion of required processes, your Certificate of Registration can be collected in person in St. Kitts & Nevis or at an approved Embassy or Consulate
