The most important change in the amended is minimum real estate investment reduced to $350,000 and age limit of parents cut to 55 years.
The Government of Saint Kitts and Nevis had made important changes to citizenship by investment program, came into effect from Oct 25, 2024.
These changes were gazetted under Saint Christopher and Nevis Citizenship by Substantial Investment (Amendment) Regulations, 2024 under STATUTORY RULES AND ORDERS No. 43 of 2024, which was published 25th October 2024, Extra-Ordinary Gazette No. 66 of 2024
1. Real Estate
Developers real estate option was reduced to US$325,000 (from current $400,000) inline with the other CIP nations. Secondly, the minimum investment to buy private homes was reduced to US$ 600,000 (previous $800,000) to a single-family private dwelling home is paid to the owner of the Approved Private Real Estate by the main applicant.
2. Parents
Age of parents now has been reduced to 55 years (from previous 65 years) of his or her spouse, living with and fully supported by the main applicant. This change supports more family applications.
3. Child Addition
Post addition of dependent child now costs US$7,500 for the addition of each dependant child of the main applicant under three years of age and born after the date the Certificate of Registration is issued to the main applicant
4. Bankrupt
Any applicant declared a bankrupt within ten (10) years of his or her application will be ineligible to apply for CBI program. Now the change 10 years time time was included
