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 has been significantly reduced by $25,000. This adjustment brings the minimum qualifying investment to $125,000 for individual applicants, $150,000 for main applicants with accompanying spouses, and $170,000 for families of four. Additional dependents over 18 years of age will require further contributions of $25,000, while those under 18 will need an additional $10,000. Investors who take advantage of this offer will also gain access to the Accelerated Application Process (AAP), which reduces the average processing time to just 60 days at no extra charge.

Starting from February 1, 2024, however, these minimum donation amounts will increase. The new rates will be $150,000 for individual applicants, $175,000 for main applicants and spouses, and $195,000 for families of four. It is worth noting that the contributions for additional dependents will remain the same. Following the LTO, the average processing time for the Sustainable Growth Fund investment will revert to 90 days, excluding the time needed for application preparation and passport issuance.

Investors should be particularly cautious if they are considering the accelerated application process after the LTO deadline, as they will face higher due diligence fees according to the Saint Christopher and Nevis Citizenship by Investment Regulations, 2023. This underscores the importance of timely decision-making for those interested in this unique citizenship opportunity.

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.