{"id":32161,"date":"2020-09-04T10:30:06","date_gmt":"2020-09-04T06:30:06","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=32161"},"modified":"2020-12-23T06:11:16","modified_gmt":"2020-12-23T02:11:16","slug":"has-the-cost-of-st-kitts-and-nevis-citizenship-changed","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/has-the-cost-of-st-kitts-and-nevis-citizenship-changed\/","title":{"rendered":"Has the Cost of St Kitts and Nevis Citizenship Changed?"},"content":{"rendered":"

The COVID-19 crisis has seen a global economic slowdown, with many countries on the verge of an economic recession. Therefore, it\u2019s no surprise that countries which offer Citizenship by Investment programs<\/a> have restructured or amended their investment requirements, to entice further investment and sustain economic growth.<\/span><\/p>\n

One such country that has done so is St. Kitts & Nevis. As of July 2020, St. Kitts & Nevis is offering investors seeking to obtain second citizenship and passport, a discounted price on the minimum contribution for a family, for a limited-time only<\/strong>.\u00a0<\/span><\/p>\n

What would usually cost a minimum contribution of $195,000<\/strong> for the main applicant with up to 3 dependants, has now been reduced to $150,000<\/strong> – which is a $45,000 reduction<\/strong>. A minimum contribution for a single applicant is still $150,000.<\/span><\/p>\n

The country\u2019s second investment option remains unchanged, which consists of investing in government-approved real estate<\/strong> with either a minimum value of $200,000<\/strong> (re-saleable after 7 years) or a minimum value of $400,000<\/strong> (re-saleable after 5 years).<\/span><\/p>\n

The reduced price of $150,000 for a family of 4<\/strong> is a welcome move by the government who are taking necessary steps to lessen the effects the pandemic has had on their economy.<\/span><\/p>\n

\"\"<\/span><\/p>\n

\u201cWe are delighted to offer \u2013 for a limited period while the world grapples with the pressures of the COVID-19 pandemic \u2013 all of the benefits of full economic citizenship at an even more competitive rate for families, and with a new paper-free application process,\u201d says Les Khan, St. Kitts & Nevis Citizenship Investment Unit Chief Executive.<\/span><\/p>\n

You might also like: New Changes to Dominica Citizenship by Investment Program \u2013 All You Need to Know<\/a><\/p>\n

\u201cIn today\u2019s uncertain world, it is only right that individuals and families want the ability to travel the globe as flexibly and confidently as possible. Once travel restrictions are lifted, the St. Kitts and Nevis passport will continue to enable our citizens to travel visa-free to more countries in the world,\u201d adds Mr Khan.<\/span><\/p>\n

The temporary offer is active immediately and will run until January 15th 2021<\/strong>. Once granted, investors and their families will become lifelong citizens of St. Kitts & Nevis, will be allowed to travel\u00a0<\/span>visa-free to numerous countries<\/span><\/a> including Singapore, Russia, and the UK; and will be exempt from certain taxes.<\/span><\/p>\n

 <\/p>\n

\"Apply<\/a><\/span>