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No More Financial Sponsorship : Saint Kitts & Nevis CIP

St Kitts and Nevis, a picturesque Caribbean nation, presents a robust citizenship by investment program. Established in 1984, this esteemed initiative enables foreign investors to contribute significantly to the nation's development in exchange for a second passport. This passport grants access to over 150 countries, including prominent destinations like the UK and EU,, through visa-free or visa-on-arrival privileges.

Eligibility for the program is subject to specific criteria and investment options. Among these options is the Sustainable Island State Contribution (SISC) fund, aimed at funding various developmental projects within the country. The minimum SISC contributions stipulated by law are as follows:

  • Main applicant: US$250,000
  • Main applicant and spouse: US$300,000
  • Main applicant and one dependent: US$300,000
  • Main applicant, spouse, and one or two dependents: US$350,000
  • Main applicant and two or three dependents: US$350,000
  • Each additional dependent under 18: US$50,000
  • Each additional dependent aged 18 or over: US$75,000

Beyond SISC contributions, applicants must fulfill due diligence fees, processing charges, and related expenses, which collectively constitute the investment.

In the past, some applicants adopted a "financial sponsorship" approach, where a third party covered part or all of the SISC contribution on behalf of the applicant. This practice is now disallowed by the St Kitts and Nevis Citizenship by Investment Unit (CIU). As of a recent announcement, "financially sponsored" applications are no longer accepted by the Unit.

Michael Martin, the Head of CIU, clarified that this decision aims to ensure that only genuine investors, capable of supporting the country's growth, can apply for citizenship through investment. This move aligns with the government's "good governance agenda," promoting program transparency and accountability.

The program introduces several key changes, including:

  • Establishment of a Professional Citizenship by Investment (CBI) Board of Governors to oversee Unit operations, advise policy matters, review investment proposals, and ensure program integrity.
  • Formation of a CBI Technical Committee to oversee due diligence background checks, review applications, and provide recommendations for approval or denial.
  • Implementation of mandatory interviews for main applicants, conducted by independent professionals or Unit officials.

These changes are set to elevate the quality and credibility of the St Kitts and Nevis citizenship by investment program, appealing to investors seeking a second citizenship in a serene and beautiful nation.

Article written by CTrustGlobal
CTrustGlobal is a Government recognized and Authorized Immigration and Investment Program agent, representative, promoter and marketer. We are the leading name in providing investor immigration services as per the guidelines offered by The Governments of the Dominica, Grenada, Saint Lucia, Antigua & Barbuda and Saint Kitts & Nevis and Cyprus.

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