The SKN Government has gazetted citizenship by investment regulations that reduces SICF contribution to $250,000 for upto family of 4, making it cheaper and affordable for families applying for citizenship by investment in St.Kitts and Nevis. Previous SICF contributions for family of four required $350,000 contribution to SICF Fund.
The Statutory Orders SRO 20 of 2024 has been gazetted on July 8, 2024 repealing the previous 2023 order 26 of 2023. Therefore, the minimum investment thresholds for all four investment options remain unchanged. The revised CSI regulations only slightly tweak applicable fees for the SISC and Public Benefit Options to respond to market dynamics, said the CIU unit in a press release.
SKN is at Forefront of CBI
St Kitts and Nevis is at the forefront of the Citizenship by Investment (CBI) industry, which has seen rapid change in the past few years. A regional leader, the country has continually made changes to preserve the Federation’s reputation as the premier CBI programme.
SISC Contribution (As of July 8, 2024)
- US$250,000 for a main applicant or a family with up to four total persons, being a main applicant with a spouse and up to two dependants; or a main applicant with up to three dependants;
- for each additional dependant under eighteen years of age: US$25,000 and
- for each additional dependant eighteen years of age or over: US$50,000
SISC Fund Benefits
Investments paid into Sustainable Island State Fund is will be benefiting the local St.Kitts economy in these sectors. An account and record of the Sustainable Island State Contributions, which shall
be paid into the Federal Consolidated Fund, shall be kept by the Board of Governors.
- increasing local food production;
- transitioning to Green Energy;
- diversifying the economy;
- attracting and supporting sustainable industries;
- evolving the Creative Economy;
- recovering from the impacts of the COVID-19 pandemic; and
- expanding social protections and safety nets to protect the most vulnerable;
- may make a contribution into the Federal Consolidated Fund.
St.Kitts is a Pioneer in CBI
St Kitts and Nevis is regarded as the premier CBI jurisdiction for its constant focus on delivering the highest standards for citizens and investors, while also maintaining the country’s commitment to due diligence. St. Kitts and Nevis continues to be a pioneer of change and a frontrunner in the Caribbean CBI sector, setting a benchmark for others to follow.
The St. Kitts and Nevis Citizenship by Investment (CIU) Unit has set a benchmark of excellence, marking 40 years of unparalleled success and innovation in the industry. With a rich history dating back four decades, the St. Kitts and Nevis CIU has consistently demonstrated a commitment to exceptional service and integrity.
For four decades, St. Kitts and Nevis have stood at the forefront of the CBI industry, marking a legacy of excellence and innovation. Over the years, St. Kitts and Nevis have continued to refine and elevate its CBI offerings, attracting a diverse array of global investors seeking a secure and prosperous future. The country’s commitment to sustainable development, coupled with its strategic investment options, has made it a preferred destination for those looking to acquire alternative citizenship through investment.
