St Kitts & Nevis along with four other Caribbean countries offering citizenship by investment signed a memorandum of understanding establishing a minimum price floor for citizenship by investment. Following the signing of the memorandum of understanding, many Caribbean CBI countries have implemented changes to their programs.
St Kitts & Nevis was the first country to drastically increase prices and has later since reduced the cost for citizenship. The new pricing model (new thresholds and post-approval fees) were first highlighted by Mr.Martin the CEO of the St.Kitts & Nevis CIU a few weeks ago with the release of the new regulations.
Sustainable Island State Contribution (Donation option)
The new thresholds under the Sustainable Island State Contribution are as follows:
- US$250,000 for a single applicant or family of 4
- US$25,000 – each additional dependant under 18 years of age
- US$50,000 – each additional dependant aged 18 years of age or over
Developer’s Real Estate option
Developer’s Real Estate lnvestment minimum investment in an Approved Development remains at US$400,000 (resaleable after 7 years).
Private Real Estate lnvestment
- US$400,000 – in a condominium unit or share in a real estate development (resalable after 7 years).
- US$800,000 – in a single-family private dwelling home (resalable after 7 years).
Public Benefit Option
US$250,000 minimum investment in a unit of an Approved Public Benefit Project
Post-Approval CBI Application Fees for the following options: Developers Real Estate, Private Real Estate and Public Benefit lnvestment
For all CBI applications submitted under the Developers Real Estate, Private Real Estate and Public Benefit lnvestment the following post-approval fees are applicable
o US$25,000 – main applicant (*this does not apply under the Public Benefit option)
o US$15,000 – spouse of the main applicant
o US$10,000 – each dependant under 18
o US$15,000 – each dependant aged 18 years or older
Government Due Diligence Fees have not changed and remain as follows:
Due Diligence Fees
. US$10,000 – main applicant
. US$7,500 – spouse and each dependant 16 years of age or older
Application Processing Fee
. US$250 per applicant
Additional fees apply. For a complete cost breakdown please contact:jennifer@jhmarlin.com