Changes to St. Kitts and Nevis citizenship by investment program
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Hurricane Relief Fund (HRF) |
September 26, 2017
Further to the press release
Dated September 23rd 2017 regarding introducing St. Kitts and Nevis Hurricane Relief Investment Option Fund, the (HRF) .
Citizenship by Investment unite has advised us that applicants will be required to make a non-refundable contribution as follows:
o US $ 150,000.00 for a single applicant.
o A family of four (4) main applicant, spouse and two (2) dependents will also be required to contribute US $ 150,000.00
o US $ 25,000.00 for any additional qualified dependents.
o Due diligence and application processing fees remain the same.
In other words, for a family of four (the typical family unit for such applications), the contribution has in fact been reduced by 50 percent from US $ 300,000 to US $ 150,000 , thus launching the Hurricane Relief Fund (HRF) and suspending the contribution to the Sugar Industry Diversification Foundation (SIDF).The corresponding required contribution for a family of four for both Antigua and Barbuda and Dominica is US $ 200,000 .
Prime Minister Timothy Harris said the news will have “a direct impact on the quality of life” of those in the federation. St Kitts and Nevis suffered damage to property, especially in coastal areas. Electricity and water services were disrupted, the road network fractured and several schools had to close for repairs. The new facility, which is being organized by the Citizenship by Investment Unit (CIU), was approved during a cabinet meeting on Friday.
Prior to 1983, St Kitts & Nevis was a part of the United Kingdom. The passport is a Caricom passport as St Kitts & Nevis is a member of the Caribbean Community. As of 1 January 2017, St Kitts & Nevis citizens had visa-free or visa on arrival access to 136 countries and territories, ranking the St Kitts & Nevis passport 30th in terms of travel freedom .
The prime minister said: “Although Hurricane Irma did not make a direct hit on the federation, it caused danger to the public sector and private property, with damages of substantial amounts to the order of US $ 150 million and the hurricane season is not over yet.
“The government of St Kitts and Nevis would like to be in a position to provide assistance to its citizens and to make funds available for a speedy recovery to the economy. It is therefore being recommended that a new fund, the Hurricane Relief Fund, be established under the Citizenship by Investment Program to provide such relief.”
The Hurricane Relief Investment Option Fund (HRF) is open until the end of March 2018.
Contact Quebec Investment Consultation & Management Services (QICMS) LLC ( Invest-visa.com
) today, apply for your St. Kitts and Nevis citizenship and passport and take advantage of the new investment option ; our team of highly experienced consultants will be glad to assist you along the way.
For more information on the St. Kitts and Nevis Citizenship by Investment Program (CBI), please click here.
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