Saint Kitts and Nevis has updated its citizenship by investment program to meet EU requirements and maintain a strong passport.
As of July 28th, the changes impact the investment amounts required to obtain citizenship in Saint Kitts and Nevis.
The minimum investment by contribution for citizenship to the Sustainable State Fund has been increased to $250,000, doubling the previous amount, which applies to main applicants regardless of the number of dependents.
For family applications, the contribution amounts vary based on the number of family members. For instance, it starts from from $300,000.
The changes also affect real estate investments. The minimum investment in approved developing projects now stands at $400,000, allowing investors to purchase property in approved developing complexes or infrastructure projects on the island.
Additionally, a new option has been introduced - investments in Approved Private Homes from $400,000
All applicants are now required to undergo mandatory interviews.
These changes, in line with the EU's requirements, aim to enhance the attractiveness of Saint Kitts and Nevis' citizenship program and ensure compliance with European standards. It is anticipated that other countries in the Caribbean may also make similar adjustments to their citizenship by investment programs in response to these developments.
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