The 30th of June 2023 marked the original deadline of the limited time discount to the Sustainable Growth Fund (SGF), the primary donation option of the St. Kitts and Nevis citizenship by Investment (CBI) programme, as announced by the nation’s Citizenship by Investment Unit (CIU). The Sustainable Growth Fund represents the most affordable route to obtaining citizenship of St. Kitts and Nevis; the non-refundable donation directly contributes to local development, social initiatives, cultural preservation, and national
In response to investor’s unprecedented interest in the reduced investment option, Michael Martin announced an extension to the offer period. The head of the St. Kitts and Nevis CIU confirmed the offer would run until the 31st of January 2024, giving investors seven additional months to take advantage of the Sustainable Growth Fund’s lowered base donation cost. Additionally, Martin noted the consistent adaptability and value of the world’s first Citizenship by Investment Programme, and the desire of savvy international investors to associate with secure migration programmes underpinned by robust due diligence.
The extended limited time offer (LTO) reduces the minimum investment cost by $25,000, temporarily lowering the minimum qualifying citizenship to $125,000 for an individual applicant, $150,000 for the main applicant and their accompanying spouse, and $170,000 for a family of 4. Further contributions of $25,000 and $10,000 must be made for additional dependents over 18 years of age and dependents under 18 years of age respectively. Under this offer, investors are also given access to the accelerated application process (AAP), lowering the average processing time to 60 days at no extra fee.
St. Kitts and Nevis offers its citizens;
From the 1st of February 2024, an individual applicant should expect a donation minimum of $150,000, a main applicant and spouse $175,000, and a family of 4 $195,000. Contributions to include additional dependents remain unchanged. The average processing time for the Sustainable Growth Fund investment will return to 90 days, exclusive of application preparation and passport issuance. To access the accelerated application process following the limited time offer deadline, investors will be subject to increased due diligence fees as outlined by the Saint Christopher and Nevis Citizenship by Investment Regulations, 2023. Pre-Approval, the main applicant must now pay a $20,000 non-refundable due diligence fee on every accelerated Citizenship by Investment application; all dependents over 16 years old will incur a non-refundable $10,000 fee.
Post Approval (in-principle), accelerated applications will be subject to the following fees:
Utilisation of the accelerated application process is not limited to the Sustainable Growth Fund. Investors are also invited to apply under both the Real Estate and Public Benefit Option routes. To confirm the latest government offerings and take the first steps towards your future as a global citizen, contact us today to explore the Citizenship by Investment option that is right for you.