Temporary Improvements have been made to the Citizenship-by-Investment Program in St. Kitts and Nevis
To help the hospitality sector, the government of St. Kitts and Nevis has announced short-term changes to the Citizenship by Investment Program that will last through June 30, 2023.
The changes include: a shorter application processing time of 60 days, down from 90 days, without additional fees; reduced contribution amounts for foreign nationals applying through the Sustainable Growth Fund non-refundable-contribution pathway (USD 125,000 for a main applicant instead of USD 150,000; USD 150,000 for a family of two instead of USD 175,000; and USD 170,000 for a family of four instead of USD 195,000). For guidance tailored to your situation, speak with an immigration professional.
How Does Nova Quinta Help?
An experienced investment migration firm can assist people interested in legally obtaining a second residency or passport in several ways. Firstly, they can help identify the best residency or citizenship by investment program for an individual and their family, based on their exact situation. When evaluating countries, there is more to be considered than just the program’s investment criteria. Can eligible real estate be resold under the program? How long does the investor need to maintain ownership of the property? Do approved real estate projects in the country offer freehold units for sale, or just shares in the development? Is financing permitted and available? Does the jurisdiction allow you to include adult children, siblings, or parents in your citizenship application? How many economic passports has the country issued in the last decade? Are processing fees discounted for applicants making a donation instead of buying real estate? Does the nation’s passport provide visa-free access to the countries you primarily wish to travel to? Are there any restrictions that could prevent you from applying to the program, such as the exclusion of citizens of certain countries, health or criminal history?
Once you have decided on the ideal program, an investment migration firm can represent you throughout the entire procurement process. Many investors retain a firm located outside of the jurisdiction in which they will be investing to ensure they are best protected throughout the process and most preferably a firm in their current country of citizenship. We can perform due diligence, complete necessary applications forms, and ensure you have all the correct supporting documentation required by the program. We can also negotiate with property developers, handle official government communication on your behalf, review necessary financial agreements before you sign them, and represent your best interests while working alongside a local agent in that country.
Wondering how we can help you obtain a second residency or citizenship through investment? Contact us today for a confidential consultation.
