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New 2024 St Kitts and Nevis Citizenship by Investment Rules
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The Honorable Dr. Terrance Michael Drew serves as St Kitts and Nevis’ Prime Minister, as well as the “Minister responsible for Citizenship.” On Monday, July 8, 2024, he put his signature to new St Kitts and Nevis Citizenship by Investment rules. Let’s discuss these regulations below.
St Kitts and Nevis Citizenship by Substantial Investment Regulations, 2024
In this Extra-Ordinary Gazette No. 37 of 2024, the Honorable Dr. Terrance Michael Drew emphasizes the 4 Citizenship by Investment options St Kitts and Nevis offer:
- The purchase of a real estate unit in an Approved Development
- A payment of the Sustainable Island State Contribution (SISC) Option
- The purchase of Approved Private Real Estate
- A payment of the Public Benefit Option contribution
The St Kitts and Nevis Citizenship by Investment rules stay the same if you buy a real estate unit in an authorized project with the minimum remaining at $400,000. That’s also the case for an authorized independent property purchase fixed at $400,000 for a condo or share in a development and $800,0000 for a family home.
$250,000 is the unchanged minimum contribution to be eligible for St Kitts and Nevis Citizenship by Investment via the Approved Public Project avenue.
What’s different is SISC. It’s now a more family-friendly option, as a family of 4 will save $100,000. Here are the new costs:
- $250,000 for you and up to 3 dependants (previously the second option was $350,000)
- $25,000 for each extra dependant aged under 18
- $50,000 for each additional dependant aged over 18
The RIF Trust Opinion
Our Caribbean Citizenship by Investment specialist is Leila Bagheri. She likens the early doubling of price as “an attempt to test the water.” Bagheri elaborates: “St Kitts and Nevis felt that the fact they’re the world’s oldest CBI programme allowed them to charge a premium amount.”
“The new rules are a reaction to the market for Citizenship by Investment in the Caribbean. It’s a win-win situation for families searching for a Plan B in the region. By the same token, St Kitts and Nevis will attract a greater number of investors.”
How to Obtain St Kitts and Nevis Citizenship by Investment in 2024
You cannot invest in St Kitts and Nevis citizenship by yourself. It falls on you to go through a respected investment migration company like RIF Trust. So, contact us now and we’ll show you how to apply.