St Kitts and Nevis Lowers Minimum Contribution for Citizenship Program
Amid the COVID-19 pandemic, St Kitts and Nevis has temporarily lowered the minimum contribution required for its Citizenship by Investment program.
Families of up to four who want to become economic citizens of the twin-island federation can now contribute $150,000 to the country’s Sustainable Growth Fund.
That’s a reduction from the original threshold of $195,000.
The temporary measure is running through Dec. 31, 2020.
The country also offers citizenship to those who invest at least $200,000 in real estate.
“We are now delighted to offer – for a limited period while the world grapples with the pressures of the COVID-19 pandemic – all of the benefits of full economic citizenship at an even more competitive rate for families, and with a new paper-free application process,” commented Les Khan, the CEO of the CIU.
The move comes as more and more high-net-worth individuals are looking to move to the Caribbean, a region that has been an exemplar in the global fight against COVID.
“St Kitts and Nevis is the safest, most beautiful and prosperous country in the Caribbean to offer economic citizenship and we remain so during these difficult times,” said Prime Minister Timothy Harris.
Citizenship by Investment programs have been fueling a great deal of real estate and hotel projects across the Caribbean region of late.
For more, visit CS Global.
— CJ
