|
Getting your Trinity Audio player ready... |
Basseterre, St Kitts and Nevis: The citizenship by investment of St Kitts and Nevis experienced ‘monumental changes’ under CIU Head Michael Martin. The government of the Federation has announced that these changes will ensure that alternative citizenship will be obtained by trustworthy investors.
One of the significant changes announced by the government and citizenship by the investment unit of St Kitts and Nevis was the introduction of a new investment option – Sustainable Island State Contribution (SISC). The new investment option will replace Sustainable Growth Fund (SGF), which was the Fund Option.
Under the Sustainable Island State Contribution (SISC), an applicant can attain alternative citizenship of St Kitts and Nevis by investing US$250,000.
The minimum investment under SISC is as follows:
The main applicant only: US$250,000
Main applicant and a spouse: US$300,000
Main applicant and one dependant: US$300,000
Main applicant and spouse and one or two dependants: US$350,000
Main applicant and two or three dependants: US$350,000
Each additional dependant under 18: US$50,000
Each additional dependant aged 18 or over US$75,000
Along with this, the government also announced that each and every applicant must undergo mandatory interviews while applying for alternative citizenship. As per the update, the interviews can be either virtual or in-person. This step will enhance the due diligence procedure, making it more robust and strict. CIU Head Michael Martin has always paid special attention towards due diligence and background checks.
All these steps are taken under the leadership and guidance of Head Michael Martin. The programme has been touching new heights under the plans and strategies of the newly appointed head.
The programme has been becoming a prominent choice of high net-worth individuals and potential investors, and many have been turning their ways towards the alternative citizenship of St Kitts and Nevis.
An individual can apply for alternative citizenship of St Kitts and Nevis by following the basic steps, which are as follows:
Step 1: Preparation of the application.
Step 2: Submission of the citizenship application.
Step 3: Wait for the CIU to process your application and carry out all due diligence checks.
Step 4: Make your chosen investment from the four CBI Options after you receive the approval-in-principle letter.
Step 5: Certificate of Registration issued and available for collection in St Kitts and Nevis or at specified Consulates or Embassies approved by the St Kitts and Nevis CIU Board of Governors.
Step 6: Passport application.
Step 7: Enjoy this sustainable solution with the exclusive benefit of obtaining citizenship of St Kitts and Nevis for you and your family.
