Saint Kitts & Nevis has recently lowered the minimum investment requirements for its Citizenship by Investment Program (CIP) under the real estate option. Investors can now purchase condominiums or development shares for US$325,000, down from the previous threshold of US$400,000.
Announced on October 25, the changes also include a reduced investment threshold for single-family private homes, which is now set at US$600,000, decreased from US$800,000.
These changes build on the July reduction in the contribution option to US$250,000, aligning Saint Kitts & Nevis’ program costs with similar programs in the Caribbean region.
Additional changes
The government has also broadened eligibility by lowering the minimum age for dependent parents to 55 from 65.
Additionally, current citizens who wish to add newborn dependents (under three years old) to their citizenship now face a reduced fee of US$7,500, down from US$10,000, marking a US$2,500 savings.