The SKN Citizenship by Investment Unit (CIU) has announced second extension of the Limited time offer (LTO) until Jan 31, 2024 due to unprecedented demand. All applications for Sustainable Growth Fund will receive a $25,000 discount with SGF donation applications starting with $125,000. The SKN now offers one of the most secure and best-regulated investment migration offerings in the world. This is a final extension and from 1 February 2024, the minimum SGF contribution will increase to the amounts prior to the LTO period. The LTO was initially enacted under CBI Regulations 2023 for a limited time valid until from Jan 1- Jun 30, 2023. Further it is important to note, the St Kitts and Nevis’ Sustainable Growth Fund (SGF) Limited Time Offer (LTO) which allows investors to gain approval for alternative citizenship in the country in as little as 60 days at no extra cost (benefit from waiver of $25,000) .
The SGF remains the quickest and easiest route to alternative citizenship in St Kitts and Nevis and now until 31 January 2024, a main applicant can acquire alternative citizenship by contributing only US$125,000 to the SGF fund and receiving approval in principle within 60 days of acknowledgement by the CIU of submission of their application.
Under the LTO, the minimum SGF donation contributions are as follows:
- Single applicant – US$ 125,000 (previously $150,000)
- Main applicant and a spouse – US$150,000 (previously $175,000)
- Main applicant and up to three dependants – US$170,000 (previously $195,000)
- Each additional dependant under 18 – US$10,000
- Each additional dependant over 18 – US$25,000
“We have received an overwhelming response and demand for our Sustainable Growth Fund investment option through the Limited Time Offer and felt that we had to extend the offering for another seven months until 31 January 2024. International investors continue to see the value of the world’s first and finest Citizenship by Investment Programme and this proves it”.
– Michael Martin, CEO of SKN CIU
The Revenue from the SGF has facilitated economic development and social upliftment in the country. The SGF is used to provide financial support to educational institutions, and medical facilities, as well as support infrastructural development, increase tourism, preserve local culture and heritage and support sustainable growth initiatives in the twin-island nation.
St Kitts and Nevis continues to create a name for itself as a financial nexus in the Caribbean with an attractive CBI programme underpinned by a sound legal framework and robust multi-layered due diligence. For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry and those who recognise this are taking advantage of the LTO. St Kitts and Nevis continues to create a name for itself as a financial nexus in the Caribbean with an attractive CBI programme underpinned by a sound legal framework and robust multi-layered due diligence.
