St. Kitts & Nevis Lowers Citizenship by Investment Thresholds & Other Requirements

The St. Kitts and Nevis Citizenship by Investment Program has recently undergone significant modifications, effective October 25, 2024. These changes aim to enhance the program’s attractiveness and stimulate economic growth while maintaining high standards of governance.

Reduced investment requirement:

The minimum real estate investment threshold has been reduced to $325,000 for condominiums and development shares, down from the previous $400,000.

Single-family private homes now require a $600,000 investment, a decrease from the former $800,000 threshold.

Reduced age requirement for parents:

Eligibility criteria have also been adjusted. The age requirement for dependent parents has been lowered from 65 to 55.

Reduced fee for adding newborns:

The program has introduced a cost reduction for adding newborn children. Parents can now include newborn children under three years of age for a fee of $7,500, down from the previous $10,000.

Committee expansion:

To ensure robust oversight, the Technical Committee overseeing the program has been expanded. It now includes five experts from the government and Citizenship by Investment Unit (CIU), strengthening governance standards.

Updated Policy for Applicants with Bankruptcy History:

A notable change in applicant eligibility relates to bankruptcy. Previously, individuals with a history of bankruptcy were ineligible. The new regulations allow applications from those who have not undergone bankruptcy proceedings in the 10 years prior to applying.

If you are interested in citizenship by investment from St. Kitts and Nevis, please do not hesitate to contact us.