6 Principles of St. Kitts and Nevis’ Citizenship by Investment Program
In it's commitment to maintaining a high standard of operation, St kitts and Nevis has made some ground breaking changes to their Citizenship by Investment application process. This involves the nation's full implementation of six principles established by a roundtable meeting held on February 25, 2023. In this meeting, the United States of America and five Caribbean nations—Antigua & Barbuda, Dominica, Grenada, St Kitts and Nevis, and Saint Lucia—convened to collaboratively address threats within the investment migration ecosystem affecting international countries.
Prime Ministers and senior officials from these Caribbean governments engaged with a USA delegation led by Anna Morris, Deputy Assistant Secretary at the USA Department of Treasury. Together, they embraced the six CBI principles proposed by the USA, with several already voluntarily adopted by the Caribbean nations. These principles were embedded into their risk management framework, reinforcing and preserving the credibility of their respective Citizenship by Investment programs:
1- Denial Protocol: A proactive sharing of denial information to prevent processing applications from those denied in other CBI jurisdictions.
2- Interviews: Implementation of applicant interviews, whether virtually or in-person.
3- Enhanced Checks: Each jurisdiction's Financial Intelligence Unit conducts thorough application checks.
4- Audits: Annual or biennial program audits aligned with international standards.
5- Passport Retrieval: Utilization of law enforcement assistance for passport retrieval in cases of revocation/recall.
6- Russian and Belarusian Measures: Suspension of processing applications from Russians and Belarusians.
The Government of St Kitts and Nevis has also made a few significant modifications to its Citizenship by Investment Programme, including the introduction of a replacement to the Sustainable Growth Fund (SGF) with the Sustainable Island State Contribution (SISC). Investors engaging in this option will propel St Kitts and Nevis toward sustainable island status through seven pillars:
1. Increasing local food production;
2. Transitioning to Green Energy;
3. Diversifying the economy;
4. Attracting and supporting sustainable industries;
5. Evolving the Creative Economy;
6. Recovering from the impacts of the COVID-19 pandemic; and
7. Expanding social protection and safety nets to protect the most vulnerable.
New fees under the Sustainable Island State Contribution (SISC):
The Developer's Real Estate Option
These adjustments reflect St Kitts and Nevis' commitment to maintaining its global reputation in the world of Citizenship by Investment.
Learn if you qualify for St. Kitts and Nevis' citizenship by investment program and which options are better suited for you and your family by filling out our short contact form and one of our associates will contact you with an assessment of your case.