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St Kitts and Nevis extends 25% discount for its citizenship by investment programme

The Government of St Kitts and Nevis has extended the discount period for the citizenship programme. This special offer will let you get a second passport not only for yourself but also for your family of four for only 150,000 USD.

Caribbean countries have long provided excellent alternatives to costly and time-consuming European citizenship programmes. A Caribbean passport gives you an opportunity to travel around the world without visa restrictions and enjoy all the offshore opportunities for your business. St Kitts and Nevis became the first country to create a citizenship programme in 1984. It currently offers two investment options, you can either make a non-refundable contribution to the Sustainable Development Fund or purchase real estate that can be sold 5-7 years later.

The above mentioned discount concerns the first option. A non-refundable contribution for one investor would normally be 150,000 USD and 195,000 USD for a family of four. However, from July 2020 to January 2021, you will be able to get four passports for only 150,000 USD. This measure was called for because of the coronavirus pandemic that caused great damage to tourism of the country, the main income source for St Kitts and Nevis. The discount is expected to attract more investors and thus fill in the gaps in the national budget.

Such discount can also be quite attractive for investors because St Kitts and Nevis citizenship allows to avoid numerous issues with closed borders and applying for Schengen and other visas.

Unfortunately, we can hardly hope that the pandemic will end in the near future, that is why a St Kitts passport is a great option to facilitate travelling around the world. Besides, you can get it within 3-4 months. Due to high popularity and inability to predict when the tourism crisis comes to its end, the government announced the extension of the discount period till 31 December 2021.

It is worth noting that the St Kitts citizenship by investment programme allows is not only limited to your spouse and minor children who you can include in your application. You can also include your adult children as well as parents, grandparents and siblings and those of your spouse. The main criterion is that these family members should be unemployed and dependent on the main applicant. In some cases, there might be age and marital status restrictions.

If you have more than four people in your family, you will have to pay for each additional dependent. For instance, you will need to pay extra 20,000 USD for your sibling.

Remember that you must pay for due diligence checks on top of your investment contribution. Due diligence is necessary to demonstrate that you are a law-abiding citizen and your finances have been acquired in a legal way. The cost of it amounts to 7,500 USD for the main applicant and 4,000 USD for each adult dependent. Unfortunately, no discounts are offered and you will need to pay 11,500 USD for a couple with two minor children.

Another specificity of the St Kitts citizenship by investment programme is that you cannot apply for it yourself. You will need to go through a licensed agent who has its representative on the islands.

Imperial & Legal immigration advisors can help you collect all the necessary documents and file an application. Feel free to contact us to find out more.

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