Limited time Hurricaine Relief Fund for St Kitts Citizenship
Following the devastation of Hurricane Irma, St Kitts @ Nevis introduced the Hurricane Relief Fund to its CBI programme to assist the persons affected.
Following the devastation of Hurricane Irma in the Caribbean region, the Government of St Kitts & Nevis has introduced various changes to the St Kitts & Nevis Citizenship by Investment Programme with the introduction of the Hurricane Relief Fund. Under these changes, the contribution for a family of four, the typical family unit for such applications, shall be reduced from USD $300,000 to USD $150,000.
The Hurricane Relief Fund
Although St Kitts & Nevis was not directly hit by the hurricane, it suffered substantial damage to its property, as well as key infrastructures such as power lines, water services and road networks, which amounts to an estimated USD $150 million. In a bid to alleviate the suffering of those affected, the government of St Kitts & Nevis approved the setting up of a Hurricane Relief Fund which shall be hosted by the Citizenship Investment Unit.
With the launching of the Hurricane Relief Fund, the general contribution to the Sugar Industry Diversification Fund shall be suspended. As of 23rd September 2017, individuals applying for St Kitts & Nevis Citizenship by Investment will be required to make the following non-refundable contribution:
- USD $150,000.00 for a single applicant
- A family of four (4) main applicant, spouse and two (2) dependents will also be required to contribute US $ 150,000.00
- USD $10,000.00 for any additional qualified dependents.
- Due Diligence and application processing fees remain the same.
Through these contributions, St Kitts & Nevis will be in a position to “provide assistance to its citizens and to make funds available for a speedy recovery to the economy,” as highlighted by St Kitts & Nevis Prime Minister Timothy Harris.
The Hurricane Relief fund will be open until the end of March 2018
Why opt for a St Kitts & Nevis Citizenship by Investment?
Whilst catering for the needs of those who were affected by the hurricane, the changes introduced to the St Kitts & Nevis Citizenship by Investment make it the most cost-effective programme offered by any Caribbean nation. To attract a larger number of investors, the non-refundable contribution was reduced by 50 percent to just USD $150,000.00 for a family of four, whereas the contribution required for a family of four for both Antigua & Barbuda and Dominica is USD $200,000.
Moreover, a St Kitts & Nevis passport offers a number of noteworthy benefits, including visa-free or visa on arrival access to 136 countries and territories.
Saint Kitts and Nevis Citizenship by Investment new amendments 2023: click here
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