On October 25th, St. Kitts and Nevis announced significant changes to its Citizenship by Investment program. This update comes as the latest wave of changes that started with the signing of the Memorandum of Agreement in March establishing a minimum investment threshold of US$200,000 for all jurisdictions of the Caribbean Five.
Key changes to the CBI Program are price revisions in the real estate route and changes in applications for dependents:
Changes in Real Estate Investment:
The minimum investment for an approved real estate project:
Previously US$400,000
Currently per this update: US$325,000
The minimum investment for an approved private real estate condominium:
Previously: US$400,000
Currently per this update: US$325,000
The minimum investment for a private single family dwelling:
Previously: US$800,000
Currently per this update: US$600,000
Changes in Application for Dependents:
Inclusion of dependent parent on application:
Previously: Dependent parent aged 65 years and older
Currently per this update: Dependent parent aged 55 years and older
The fee of adding newborns to application:
Previously: US$30,000
Currently per this update: US$7,500
These modifications aim to enhance the competitiveness of the St Kitts and Nevis citizenship by investment program, to stimulate local employment opportunities, and to strengthen its overall attractiveness in the global market.
