The government of St. Kitts and Nevis has announced temporary improvements to the Citizenship by Investment Program that will be effective until June 30, 2023, to boost the hospitality industry. The changes include: reduced contribution amounts for foreign nationals applying though the Sustainable Growth Fund non-refundable-contribution pathway (USD 125,000 for a main applicant instead of the usual USD 150,000; 150,000 for a family of two instead of the usual USD 175,000; and USD 170,000 for a family of four instead of the usual USD 195,000); a shorter application processing time of 60 days, down from the usual 90 days, without additional fees; a new Public Good Investment Option for foreign nationals investing at least USD 175,000 in an approved public good project; and reduction of government fees for dependents, among other changes. Contact your immigration professional for case-specific advice.
Source: fragomen
