New Changes in St. Kitts & Nevis Citizenship by Investment Program



New changes have been announced by Government of St. Kitts & Nevis on 15th September 2011.
Commencing on the 1st day of January 2012, the following fees shall be payable to the Unit on application for Citizenship by Investment:
US$ 7,000 for due diligence background checks and processing fees for the main applicant; US$ 4,000 for due diligence background checks and processing fees for each dependent of the main applicant who is over the age of sixteen years;
As per the new law the minimum contribution for the Sugar Industry Diversification Foundation (SIDF) will be US$250,000 for a single applicant, US$300,000 for an applicant with up to three dependents, US$350,000 for an applicant with up to five dependents, US$ 450,000 for an applicant with up to seven dependents.
The minimum real estate investment required on the basis of an investment in real estate is US$ 400,000 for each main applicant.
On approval in principle of an application through a real estate investment, the payable amount to the government of St. Kitts & Nevis will be US$50,000 for the main applicant, US$ 25,000 for the spouse of main applicant, US$ 25,000 for each child of the main applicant under eighteen years of age, US$ 50,000 for each qualified dependent of the main applicant above the age of eighteen years, other than his or her spouse.

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