St Kitts and Nevis Citizenship by Investment LTO continues until January 2024

St Kitts and Nevis Citizenship by Investment LTO continues until January 2024

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Basseterre, St Kitts and Nevis: The Limited Time Offer (LTO) under the Sustainable Growth Fund (SGF) of St Kitts and Nevis’s Citizenship by Investment programme has been extended.

As per the latest Citizenship by investment unit announcement, investors and high-net-worth individuals can avail of the benefits under the LTO for an additional seven months, until January 31, 2024.

The authorities made the announcement on June 29, 2023. The decision was taken after noticing the high programme demand among the high net worth individuals. Now, international investors can take advantage of one of the best deals in the investment immigration industry.

Interested potential investors can now obtain alternative Citizenship of the Federation by investing US$125,000. The applicants also benefit from Accelerated Application Processing (AAP) at no additional cost.

While announcing this extension, Michael Martin counted the achievements of St Kitts and Nevis Citizenship by Investment Programme during this Limited Time Offer and commented, “I am glad after witnessing the overwhelming response and demand of the Sustainable Growth Fund option of the programme. Following this, we all have decided to extend the offering until January 31, 2024.”

He further outlined that SGF has proven to be the quickest, most straightforward route to obtain alternative Citizenship of St Kitts and Nevis.

He also announced that investors and high-net-worth individuals can now invest by contributing US$125,000 to Sustainable Growth Fund. He highlighted that under the option, investors’ application approval is, in principle, within 60 days of acknowledgement by the CIU of submitting their application.

As per the update by the Citizenship by Investment unit of St Kitts and Nevis, the minimum SGF contribution under LTO is the following:

Single applicant – US$125,000
Main applicant and a spouse – US$150,000
Main applicant and up to three dependants – US$170,000
Each additional dependant under 18 – US$10,000
Each additional dependant over 18 – US$25,000

It is worth noting that the government of St Kitts and Nevis has been utilizing the revenue generated from the SGF to develop the country economically and socially.

The funds generated are used to support and manage the educational institutions, medical and healthcare facilities, and tourism sector, along with the rehabilitation and support of the country’s infrastructural development.

The SGF has also contributed to preserving local culture and heritage and supporting sustainable growth initiatives in the twin-island nation.

The Head of the Citizenship by Investment unit of St Kitts and Nevis – Michael Martin, also stated that this extension is anticipated to attract more interested investors to the country’s shores.

In addition to this, he mentioned that after this final extension, from February 1, 2024, the minimum contribution to SGF will be increased to US$150,000 (the amount before the LTO period).

The government, along with the CBI unit, has been putting in all the possible efforts to fulfil the demands and needs of international investors. It is worth mentioning that the investors, who are looking for a choice to invest in a safe and secure environment, are choosing St Kitts and Nevis their choice.

Besides this, the Federation has become an option among the high net worth individuals since the onset of the COVID-19 pandemic in 2020, as the island country has been proven to be a suitable choice amid such uncertainty.

The Citizenship by Investment programme of St Kitts and Nevis is among the longest-running investment immigration programmes in the world. Since the year of commencement, the standards of the programme have been improved to meet the increasing demands of international investors.

In addition to this, the programme has been considered the pioneer of the industry for around 40 years because of the due diligence and background checks conducted by the unit.

As per the Head of the CBI unit, every application undergoes strict and robust checks so that reliable and credible investor obtains alternative Citizenship of the nation.

Providing new heights to the programme, in December 2022, CIU Head Michael Martin announced that under the amended St Kitts and Nevis Citizenship by Investment Regulations 2023, Limited Time Offer (LTO) will be introduced for the Sustainable Growth Fund investment option. Initially, the offer was available from January 1, 2023, to June 30, 2023; but now it can be availed until January 31, 2024.

The country is known to offer one of the world’s best Citizenship by investment programmes. International investors looking to hedge their bets in a stable and growing economy should look no further than St Kitts and Nevis.