Saint Kitts and Nevis reduces (CIP) processing fees for Real Estate
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February 13, 2018
On February 12th 2018 , Saint Kitts and Nevis Citizenship by Investment Unit (CIU) announced that it would cut down the processing fees for its citizenship by investment program. Saint Kitts and Nevis is now becoming the first Caribbean program – in as many months – to enhance its competitive position in 2018 .
The program – already one of the cheapest available for citizenship by investment has reduced its processing fee under the real estate investment option.
The government fee changes apply to Saint Kitts and Nevis’s real estate investment option -there are no government fees under the Hurricane Relief Fund (HRF) or the Sugar Industry Diversification Foundation (SIDF) - and are as follows:
- Main applicant: US$50,000 ;
- Spouse of main applicant: US$25,000 ;
- Each dependent child of the main applicant under eighteen years of age : US$25,000 ;
- Each qualified dependent of the main applicant above the age of eighteen years, other than his or her spouse: US$50,000.
Due diligence , accelerated application processing fees remain the same.
The revision of government fees are applied retroactively . As a result any prior approved application for real estate where government fees have not been paid , will be processed using the amended fees . No refunds will be accommodate after February 12th 2018.
*Total Estimated Investment Amount for a family of 4 ( Main applicant , spouse , 1 dependent child of the main applicant under eighteen years of age and 1 qualified dependent of the main applicant above the age of eighteen years ) via Real Estate investment option :
Before February 12th , 2018 : US$570,688.00
After February 12th , 2018 : US$495, 688.00
*the Total Estimated Investment Amount includes the Application Fee , Due Diligence fee , Government Fee and Real Estate Investment of US $400,000.00 . However ,it does not include the Accelerated Fee, passport fee , legal fees and any fees that are related to the property ) .
For more information on the St. Kitts and Nevis Citizenship by Investment Program (CBI), please click here.
For the Citizenship by Investment Programs comparison table, please click here.
For the Real Estate Investment Comparison Table , please click here
To compare St Kitts vs. Antigua vs. Grenada vs. St Lucia vs. Dominica , please click here
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