{"id":56191,"date":"2020-07-25T22:58:13","date_gmt":"2020-07-26T02:58:13","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=56191"},"modified":"2020-07-25T22:58:13","modified_gmt":"2020-07-26T02:58:13","slug":"st-kitts-nevis-cuts-minimum-investment-for-family-citizenship-applications","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/st-kitts-nevis-cuts-minimum-investment-for-family-citizenship-applications\/","title":{"rendered":"St. Kitts & Nevis Cuts Minimum Investment for Family Citizenship Applications"},"content":{"rendered":"

St. Kitts & Nevis became one of the first countries to utilize citizenship by investment program<\/a> for specific economic objectives to help recover from the COVID-19 crisis.<\/p>\n

The Caribbean nation has announced a temporary reduction in minimum investment requirements.<\/p>\n

Between July 3 and December 31, investors seeking citizenship with three dependent family members need to contribute just $150,000, down from $195,000, to the country\u2019s Sustainable Growth Fund (SGF).<\/p>\n

The move is aimed at offsetting the negative impact of pandemic-related global travel restrictions on the country\u2019s tourism sector.<\/p>\n

Further, it will help the country leverage its excellent COVID-19 track record. The country has seen just 15 mild cases with zero hospitalizations and zero fatalities from the virus.<\/p>\n

The pandemic has compelled wealthy investors to look beyond conventional parameters like return on investment or international mobility when comparing investment immigration options.<\/p>\n

Now, investors are also considering ease with which they can practice isolation or social distancing as well ease of access to quality medical care before choosing citizenship by investment program.<\/p>\n

St. Kitts offers ample scope for self-isolation in the most beautiful and luxurious surroundings. The best medical facilities in the US are easily accessible along with the adequate healthcare infrastructure in the country.<\/p>\n

This is not the first time St Kitts has used its CIP to assist a specific economic need.<\/p>\n

In 2018, the country announced a temporary reduction in minimum investment requirements under its CIP to attract investments into its Hurricane Relief Fund<\/a>. This move enthused investors as it offered an even cheaper route to a second passport while Caribbean countries benefitted by generating investment to fund their immediate and future hurricane relief efforts.<\/p>\n

St. Kitts and Nevis CIP\u2014Investment Options<\/h3>\n

Launched in 1984 to revive its economy post the collapse of its sugar industry, St Kitts & Nevis\u2019 CIP has become one of the most popular options for global investors seeking an affordable route to a second passport.<\/p>\n

A single applicant can qualify for a passport by making a non-refundable contribution of $150,000 to the SGF.<\/p>\n

Investors seeking citizenship for their family members as well can contribute $195,000 to the SGF, reduced to $150,000 until the end of 2020. This option covers the investor plus three dependents. Citizenship for additional dependents requires an additional contribution of $10,000 per dependent.<\/p>\n

Alternatively, investors can choose to invest $200,000 in a pre-approved real estate project and qualify for citizenship. The asset must be held for at least seven years after which the investor can sell without impacting their status.<\/p>\n

A property investment worth $400,000 reduces the minimum holding period from seven years to five years.<\/p>\n

Other Benefits of the St. Kitts and Nevis Passport<\/h3>\n

Investors choosing the country\u2019s CIP continue to enjoy benefits like visa-free access to 156 countries, including EU member states and the UK as well as quick six-month processing of CIP applications.<\/p>\n

The program has become very popular among investors from Lebanon, Iraq, Egypt, Jordan, and Tunisia, with China being the next big source of demand for the CIP.<\/p>\n","protected":false},"excerpt":{"rendered":"

St. Kitts & Nevis became one of the first countries to utilize citizenship by investment program for specific economic objectives to help recover from the COVID-19 crisis. The Caribbean nation has announced a temporary reduction in minimum investment requirements. Between July 3 and December 31, investors seeking citizenship with three dependent family members need to…<\/p>\n","protected":false},"author":2,"featured_media":56192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[351,454,110],"tags":[5677,5679,5681],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2020\/07\/St.-Kitts-Nevis_185924077-scaled.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-eCj","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56191"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=56191"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/56192"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=56191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=56191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=56191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}