{"id":40940,"date":"2022-12-29T17:22:13","date_gmt":"2022-12-29T13:22:13","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=40940"},"modified":"2023-01-23T16:39:48","modified_gmt":"2023-01-23T12:39:48","slug":"st-kitts-and-nevis-program-updates-2023","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/st-kitts-and-nevis-program-updates-2023\/","title":{"rendered":"Program Update: New changes to St. Kitts Citizenship by investment program announced"},"content":{"rendered":"

The newly appointed CEO of St. Kitts & Nevis\u2019 Citizenship by Investment Unit (CIU), Michael Martin, has rolled out new changes that will come into effect immediately from the beginning of 2023.<\/p>\n

Mr Martin had earlier indicated his plans to assess the program and find ways to maximise its efficiency and effectiveness while making it more exclusive.<\/p>\n

Investors will now find a stricter set of rules for approved real estate developments, each of which will need to be re-qualified for such designation from the new year.<\/p>\n

The following changes will be made to St. Kitts and Nevis citizenship program<\/a>:<\/p>\n

1-Real estate option<\/strong>:<\/h3>\n

Only approved developments will be eligible for the RE option, and previously approved developers will have to be re-designated by applying to the Board of Governors at the CIU office. Also, the board will designate the number of units to be sold and determine when the construction should be completed.<\/p>\n

2-Donation option<\/strong>:<\/h3>\n

Within the first 6 months of 2023, the popular sustainable Growth Fund (SGF) government contribution will be discounted at an amount of $25,000.<\/p>\n

T<\/em>he new government donation costs will <\/em>now <\/em>be:<\/em><\/p>\n

Single Applicant –$125,000<\/strong><\/p>\n

Main Applicant + Spouse –$150,000<\/strong><\/p>\n

Main Applicant + Spouse + 2 dependents –$170,000<\/strong><\/p>\n

For any additional dependent under the age of 18 –$10,000<\/strong><\/p>\n

For any additional dependent over 18 –$25,000<\/strong><\/p>\n

New investment option:<\/strong><\/h3>\n

A new investment option has been introduced to replace the alternative investment with the\u00a0Public Good investment option<\/strong>\u00a0with a starting investment of $175,000.<\/p>\n

The government fees under the real estate option, Private Home sale and the Public good investment has also been revised:\u00a0<\/strong><\/p>\n

Standard processing<\/u><\/strong><\/h4>\n

Main applicant – $25,000<\/strong><\/p>\n

Spouse – $15,000<\/strong><\/p>\n

Each dependent child or any other qualified dependent under 18 – $10,000<\/strong><\/p>\n

Each dependent child or any other qualified dependent over 18 – $15,000<\/strong><\/p>\n

Fast-track applications<\/u><\/strong> will also observe an increase in the corresponding fees as follows.<\/p>\n

Main Applicant – $42,500<\/strong><\/p>\n

Spouse –$32,500<\/strong><\/p>\n

Each dependent child or any other qualified dependent under 18 –$22,500<\/strong><\/p>\n

Each dependent child or any other qualified dependent over 18 – $32,5000<\/strong><\/p>\n

Add-ons to already approved applications will have to pay the following corresponding fees under the standard processing and the fast track.<\/p>\n

Standard processing add-ons<\/u><\/strong><\/h4>\n

Addition of spouse – $20,000<\/strong><\/p>\n

Addition of minor children born after the approval in principle and before the citizenship is granted – $10,000<\/strong><\/p>\n

Fast track add-ons<\/u><\/strong><\/h4>\n

Addition of spouse or any other qualified dependents – $37,500<\/strong><\/p>\n

Addition of minor children born after the approval in principle and before the citizenship is granted – $22,500<\/strong><\/p>\n

Find the complete breakdown and comparison of fees, and changes below:<\/p>\n

\"St.<\/p>\n

Find The Best Investment Option For You<\/strong><\/em><\/h3>\n

Investors have a wide array of investment migration programs<\/a> to choose from, and each of those programs has its own set of investment categories. Choosing the right program and the right investment option depends on each person’s case, preferences, budget, experience, and objectives.<\/span>\u00a0<\/span><\/p>\n

We at Savory & Partners<\/a> analyse each case and provide investors with the optimal choice for them that will yield the greatest benefits in terms of immigration and investment.\u00a0<\/span>\u00a0<\/span><\/p>\n

To know which options are best for you, contact us today to book a consultation with one of our experts.<\/span><\/p>\n

 <\/p>\n

\"Apply<\/a><\/span><\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Our Availability<\/strong><\/em><\/h3>\n

We are available on every channel convenient for you.<\/p>\n