St Kitts and Nevis has become the first country to take swift action on CBI programme principles outlined by the EU Commission, as exclusively reported by Associates Times.
The island nation has rolled out a series of substantial changes to its citizenship by investment programme. These changes aim to safeguard the programme’s integrity and reinforce its ‘Platinum Standard’ status. Island nation has attempted to address all the principles outlined by the EU Commission.
A new investment option, the Sustainable Island State Contribution (SISC), has been introduced, replacing the previous Sustainable Growth Fund (SGF). The minimum investment for the Developer’s Real Estate Option is now US$400,000. Approved Private Homes and Approved Public Benefit Projects have also been included as investment options.
Investors applying for CBI are now required to have a mandatory interview, conducted either virtually or in person. All background due diligence checks will be conducted by independent professional firms from the United Kingdom, USA, and Europe.
Investment Options in St Kitts and Nevis Citizenship by Investment Programme
Sustainable Island State Contribution (SISC)
Single applicant: US$250,000
Family of two: US$300,000
Family of four: US$350,000
Developer’s Real Estate Option
Minimum investment: US$400,000
Property must be held for a period of seven years
Approved Private Home
Condominium: Minimum investment of US$400,000 paid to the owner
Single-family dwelling: Minimum investment of US$800,000 paid to the owner
Property must be held for a period of seven years
Approved Public Benefit Project
Minimum contribution: US$250,000 paid to....