Price Reduction on Saint Kitts and Nevis Citizenship by Investment

Jul 26th, 2020

If you have been eyeing Saint Kitts and Nevis Citizenship by Investment Program for some time now, contemplate no further; now is the perfect time to benefit from the reduced investment requirements in order to obtain your second passport through contributing to the Sustainable Growth Fund (SGF).

New Amendments

On the 3rd of July 2020, the Government of Saint Kitts and Nevis announced a significant reduction on the amount of contribution in the country’s Sustainable Growth Fund.  Families of up to 4 members will now be able to obtain a second citizenship in the beautiful twin-island at a substantially discounted rate and facilitated application procedure.

Typically, a single applicant would have to make a $150,000 onetime, nonrefundable contribution to the Sustainable Growth Fund, whereas a family of 4 members would have to make a $195,000 contribution. However, a family of four can now obtain the Saint Kitts Passport for the same investment requirement as that of a single applicant; $150,000 instead of $195,000 for the whole family (up to 4 members).

Those discounted prices and competitive rates are effective immediately; investors and their families can benefit from them starting today until the 31st of December 2020. Also, since the Citizenship by Investment Unit (CIU) has facilitated the initial required documents in order to lodge an application with 5 simple documents, the time to apply for St Kitts & Nevis citizenship is now.   

The $45,000 price reduction and facilitations are in hopes to raise more international funds in the island’s COVID-Relief Fund, aimed at providing sustainable roads, houses and projects for the twin-islands.   

Having said that, it is also worth recognizing Saint Kitts and Nevis’ efforts in successfully combating the global pandemic and managing to keep the island free of cases for almost two months now, with zero fatalities and zero cases requiring hospitalization since the virus outbreak.

Saint Kitts & Nevis Passport

Once investors and their families obtain Saint Kitts and Nevis Passport, they will be able to enjoy several benefits without having to fulfill any residency requirements. Some benefits to mention:

  • A Commonwealth Passport within 4 to 6 months
  • Visa free travel to over 160 countries including the United Kingdome, the Schengen, Hong Kong and Singapore
  • Lifetime second citizenship that can be passed on to future generations by descent
  • Attractive tax environment with zero tax on worldwide income

Many citizenship and residency by investment programs have witnessed a lot of updates and changes over the past months, but Saint Kitts and Nevis remains the most attractive and budget-friendly option among all, specifically for families.

If you would like to learn more about your options, kindly get in touch with an expert advisor at any of Bluemina’s 7 offices and they will guide you step-by-step on your way to becoming a global citizen.

Author : Nadine Daoud