St. Kitts and Nevis Unveils New Amendments to Citizenship by Investment Programme

A Revamped Real Estate Offering and Strengthened Governance

Chairman of the CIU’s Board of Governors, H.E. Calvin St. Juste

The St. Kitts and Nevis Citizenship by Investment Unit (CIU) has introduced significant amendments to its Citizenship by Investment (CBI) Programme, including a major overhaul of the country’s real estate offering.

New Developments

* The minimum investment amount in real estate has been reduced from US$400,000 to US$325,000.
* The minimum investment in a single-family private dwelling home has been lowered from US$800,000 to US$600,000.
* The eligible age for dependent parents has been reduced from 65 to 55.
* The fee for adding newborn children to the CBI Programme has been decreased from US$30,000 to US$7,500.

Strengthened Governance

The CIU has also expanded its Technical Committee to include five industry experts from both the government and the CIU. This committee will ensure that the highest standards of governance are maintained, safeguarding the integrity and longevity of the CBI Programme.

Conclusion

The new developments are expected to make St. Kitts and Nevis’ CBI real estate options more attractive and competitive globally. The real estate component of the Programme has been a significant driver of job creation and investment in the Federation.

Frequently Asked Questions

* Q: What are the key changes to the St. Kitts and Nevis Citizenship by Investment Programme?
A: The Programme now offers a reduced minimum investment amount in real estate, a lower minimum investment in a single-family private dwelling home, and a reduced fee for adding newborn children.

Q: Why were these changes made?
A: The changes were made to align with market realities and preserve the reputation of St. Kitts and Nevis as a premier destination for investors.

Q: What is the role of the Technical Committee?
A: The Committee will ensure that the highest standards of governance are maintained, safeguarding the integrity and longevity of the CBI Programme.

Q: How will these changes benefit the Federation?
A: The changes are expected to increase demand for St. Kitts and Nevis’ CBI Programme, driving economic growth and job creation.