Originally set to conclude on June 30, 2023, the limited-time discount for the Sustainable Growth Fund (SGF), the primary donation avenue for the St. Kitts and Nevis Citizenship by Investment (CBI) program, witnessed unprecedented demand. The Citizenship by Investment Unit (CIU) of the nation announced the extension of the offer period, allowing investors an additional seven months to seize the opportunity.

The Sustainable Growth Fund is renowned as the most cost-effective route to acquiring citizenship in St. Kitts and Nevis. The non-refundable donation directly contributes to local development, social initiatives, cultural preservation, and national projects. Michael Martin, the head of the St. Kitts and Nevis CIU, affirmed that the extended offer would now be available until January 31, 2024. This extension maintains the reduced base donation cost, reflecting the continued adaptability and value of the world’s first Citizenship by Investment Program.

During this extended Limited Time Offer (LTO), the minimum investment cost is reduced by $25,000, bringing the minimum qualifying citizenship to $125,000 for an individual applicant, $150,000 for the main applicant and accompanying spouse, and $170,000 for a family of four. Additional dependents over 18 years of age and those under 18 years of age require further contributions of $25,000 and $10,000, respectively. Investors taking advantage of this offer gain access to the Accelerated Application Process (AAP), reducing the average processing time to 60 days at no additional cost.

From February 1, 2024, onwards, the donation minimums will increase to $150,000 for an individual applicant, $175,000 for the main applicant and spouse, and $195,000 for a family of four. Contributions for additional dependents remain unchanged. The average processing time for the Sustainable Growth Fund investment will revert to 90 days, excluding application preparation and passport issuance. Investors seeking the accelerated application process after the LTO deadline will incur higher due diligence fees, as stipulated by the Saint Christopher and Nevis Citizenship by Investment Regulations, 2023.

The accelerated application process fees are as follows:

• Pre-Approval: $20,000 non-refundable due diligence fee for the main applicant; $10,000 for dependents over 16 years old.
• Post Approval (in-principle): Additional fees apply as outlined by the regulations.

The utilization of the accelerated application process is not limited to the Sustainable Growth Fund. Investors are encouraged to apply under both the Real Estate and Public Benefit Option routes. To explore the latest government offerings and initiate your journey towards becoming a global citizen, contact us today and discover the Citizenship by Investment option that suits your needs.