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Saint-Kitts & Nevis

New investment options for the St. Kitts Citizenship by Investment Program

29 March 2018

New investment options for the St. Kitts Citizenship by Investment Program

St Kitts & Nevis Citizenship (passport) By Investment program 2018

 
The world's first citizenship by investment program in St Kitts and Nevis has launched a new fund to boost investment in the prospering Caribbean nation.
 

The Hurricane Relief Fund (HRF), Set to Expire on March 29th

With the Hurricane Relief Fund (HRF), which is a temporary investment option under the country’s Citizenship by Investment (CBI) Program, set to expire on March29th 2018, the Government of St. Kitts and Nevis has announced plans for the introduction of two new options.

In a national address Tuesday (March 20th , 2018 ) evening, Prime Minister of St. Kitts and Nevis and Minister of Finance, Dr. the Honourable Timothy Harris, said the Hurricane Relief Fund was a highly successful initiative which exceeded all expectations, while noting that there are still a number of applications that are being processed under this fund.

The Government of St. Kitts and Nevis has announced that a new program called the Sustainable Growth Fund will be launched as a successor to the Hurricane Relief Investment Fund at the end of March 2018.


The Sustainable Growth Fund

The Sustainable Growth Fund will invest in sustainable areas benefitting every citizen and resident of St Kitts and Nevis, for example:

Healthcare, education, alternative energy, heritage, infrastructure, tourism and culture, climate change and resilience, and the promotion of indigenous entrepreneurship.

The Sustainable Growth Fund will be more affordable than the previous ongoing fund - the Sugar Industry Diversification Foundation (SIDF). The Sustainable Growth Fund will require contributions as follows:

-Single Applicant – US$150,000, inclusive of Government fees.
-The contribution for a family of up to four will be US$195,000 following incremental steps.

 
Real Estate Investment Option

In relation to the Real Estate Investment Option, the St. Kitts and Nevis Government will retain the existing real estate investment option at US$400,000, plus US$75,000 in Government fees. This investment can still be resold after five years.  However, in order to attract luxury resort developments there is now being proposed another option where real estate offering that requires 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.  

These impending changes to the CBI program came about following an exhaustive consultative process between the Federal Government, developers and other stakeholders on the way forward for the citizenship program.

 
What are your Caribbean citizenship by investment options?
 
The Sustainable Growth Fund will be operational and adopted within the St Kitts and Nevis Government legislation from the 2 April 2018.

For further information in relation to the St. Kitts and Nevis Citizenship by Investment Fees and general information on the St. Kitts and Nevis Citizenship by Investment program, please contact our offices directly.

Read more news about Caribbean citizenship by investment clicking here.

Find out whether you qualify to get a second passport and new Citizenship by investment‎ by completing our free on-line evaluation. We will provide you with our evaluation within 24-48 business hours.


Source : http://www.ciu.gov.kn/government-of-st-kitts-and-nevis-announces-new-options-under-the-countrys-citizenship-programme/
 

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