Basseterre, St Kitts and Nevis: St Kitts and Nevis’ citizenship by investment programme underwent significant improvements under the leadership of CIU Head Michael Martin.
The government of the Federation has announced that these changes will ensure that trustworthy investors will obtain alternative Citizenship.
The government of St Kitts and Nevis and Citizenship by the investment unit recently declared a major change, which involves the introduction of a new investment option called Sustainable Island State Contribution (SISC). This new option will replace the Sustainable Growth Fund (SGF), which was the Fund Option.
Under the new investment option Sustainable Island State Contribution (SISC), an applicant can attain alternative Citizenship of St Kitts and Nevis by investing US$250,000.
The minimum investment under SISC is as follows:
- The principal applicant only: US$250,000
- The main applicant and a spouse: US$300,000
- The main applicant and one dependant: US$300,000
- Principal applicant and spouse and one or two dependants: US$350,000
- The main applicant and two or three dependants: US$350,000
- Each additional dependant under 18: US$50,000
- Each other dependant aged 18 or over US$75,000
Along with this, St Kitts and Nevis also tightened their security; from now each applicant will have to go through a mandatory interview while applying for alternative Citizenship.
As per the reports, the interview is going to be held virtually or in person. This new update will surely enhance the country’s security and safety and enhance the due diligence procedure, which make the process more robust and strict.
CIU Head Michael Martin always paid extra attention to the country’s due diligence and background checks.
The programme has become an evident choice among high-net-worth individuals and potential investors, and many have shown their interest towards the alternative Citizenship of St. Kitts and Nevis.
One can apply for alternative Citizenship by following some basic steps, which are as follows:
Step 1: Obtaining pre-approval from authorised agent and preparing all required documents is necessary before submitting the application.
Step 2: Submit the Application.
Step 3: Wait for the CIU to process your application and conduct all due diligence checks.
Step 4: Once you receive the approval-in-principle letter, you can select your preferred investment option from the four CBI options available.
Step 5: Certificate of Registration issued and available for collection in St Kitts and Nevis or at specified Consulates or Embassies approved by the St Kitts and Nevis CIU Board of Governors.
Step 6: Passport application.
Step 7: Enjoy this sustainable solution with the exclusive benefit of obtaining Citizenship of St Kitts and Nevis for you and your family.