Rasheed Alkhanji QICMS
Published 12:54 PM 2 May 2021
Updated 11:51 AM 16 December 2021
New data shows that the Federation of St Kitts and Nevis Citizenship by Investment (CBI) Program is in the top 10 for its number of approvals in the last seven years. The statistics, noted St Kitts and Nevis Citizenship by Investment Program as "remarkably constant" with the number of approvals it grants migrant investors.
For nearly four decades, St Kitts and Nevis has been operating the world's longest-standing Citizenship by Investment Program and facilitating a means for investors and their families to obtain citizenship. Once applicants invest in the Sustainable Growth Fund (SGF), hailed as the fastest and most straightforward path to second citizenship, the contribution is channeled into national development projects on the islands, ranging from healthcare to education.
Nonetheless, Saint-Kitts & Nevis Citizenship by Investment program (CIP) approvals depend wholeheartedly on its applicant vetting process. During a webinar earlier this year, Prime Minister Timothy Harris said, "The Citizenship by Investment Program has been critical to all we do and to all that we have become. That is why we want to guard it. We want to protect it. We want to ensure we have a most vigorous due diligence program to ensure that those who have the honor and privilege of becoming our citizens are persons of good character."
Les Khan, the CEO of St Kitts and Nevis Citizenship by Investment Unit, has on many occasions echoed the same ethos. "We do good due diligence. We are ranked very highly in various initiatives. The PWM magazine has us with a perfect score for fast processing, [but] we are also really highly ranked for due diligence, which is one of our strong points."
Once the necessary due diligence checks are passed, applicants gain a receipt of citizenship and unlock a wealth of opportunities. Most notably, it increases travel freedom to nearly 150 countries and territories across the globe. The Saint-Kitts & Nevis Citizenship by Investment program also allows investors and their family members to enjoy full citizenship for life, which can be passed on to future generations by descent.
Investors interested in becoming economic citizens of St Kitts and Nevis can take advantage of the limited-time offer under the Sustainable Growth Fund (SGF), which enables families of four to obtain citizenship for USD $150,000 rather than USD $195,000
Real Estate Investment Option in Saint Kitts and Nevis
In relation to the Real Estate Investment Option, the St. Kitts and Nevis Government will retain the existing real estate investment option at USD $400,000. 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 USD $400,000 investment may attract two applicants at US $200,000 each plus government fees but this can only be resold after 7 years.
Benefits of investing in Saint Kitts and Nevis second passport
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Source: PR Newswire