Starting from 3rd July 2020, and until the end of this year (31 December 2020), the Saint Kitts Citizenship by Investment Unit announces that the donation requirement under the Saint Kitts & Nevis CIP for families of up to four members is reduced from US$195,000 to US$150,000.
That means that the contribution requirement for a single applicant under the program’s Sustainable Growth Fund (SGF) option is the same for applications that include one, two, three, or four family members.
This substantial reduction came in light of the significant global economic fallout caused by the corona virus pandemic.
Saint Kitts and Nevis Citizenship Investment Unit Chief Executive Les Khan said: “In today’s uncertain world it is only right that individuals and families want the ability to travel the globe as flexibly and confidently as possible.
“St Kitts and Nevis has been offering this peace of mind for longer than any other citizenship programme and, with visa-free access to 156 countries, is recognised as a market leader in independent, global rankings.”
“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.”
Saint Kitts & Nevis, then, becomes the fourth Caribbean CIP jurisdiction to change its terms as a direct consequence of the pandemic. Antigua & Barbuda was first to react, followed by Saint Lucia and Dominica.
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