St. Kitts and Nevis Announces Price Reduction to Popular Citizenship by Investment Program
Dubai, UAE, 4th July 2020: The Caribbean nation of St. Kitts and Nevis has announced a reduced price for its popular citizenship by investment program.
Prime Minister Timothy Harris made the announcement. From July 3, 2020 until December 31, 2020, families of up to four people will be able to secure citizenship for the reduced rate of USD $150,000, down from the regular rate of USD $195,000.
The decision comes after St. Kitts and Nevis—along with the rest of the world—is looking for ways to stimulate and stabilize its economy and get back on track with the financial growth the country had been enjoying over the past five years.
But unlike other countries, St. Kitts and Nevis are in a unique position—the announcement came on the 46th consecutive day with no new cases of COIVD-19 announced in the country. To date, just 15 cases have been recorded on the islands with zero cases requiring hospitalization and zero fatalities. This stands in stark contrast to countries around the world who continue to see their case numbers rise.
Prime Minister Dr. The Honourable Timothy Harris said: “St. Kitts and Nevis is the safest, most beautiful and prosperous country in the Caribbean to offer economic citizenship and we remain so during these difficult times.
“While COVID-19 has placed the world under enormous strain, St. Kitts and Nevis’ record to date of zero hospitalisations and zero fatalities from the disease underlines the character and enduring appeal of our great country.” This limited time offer will provide the resources to help us successfully fight covid-19 and enhance the safety nets for those who have lost their jobs/ income as a consequence.
St. Kitts and Nevis received international praise for their quick and effective response to the pandemic. And now, as borders begin to open to travel around the world, having the ‘right’ passport is more important than ever before.
St. Kitts and Nevis Citizenship Investment Unit chief executive Les Khan said: “In today’s uncertain world it is only right that individuals and families want the ability to travel the globe as flexibly and confidently as possible.
“St. Kitts and Nevis has been offering this peace of mind for longer than any other citizenship programme and, with visa-free access to 156 countries, is recognised as a market leader in independent, global rankings.
“We are now delighted to offer – for a limited period while the world grapples with the pressures of the COVID-19 pandemic – all of the benefits of full economic citizenship at an even more competitive rate for families, and with a new paper-free application process.
“Once travel restrictions are lifted, we are delighted that the St. Kitts and Nevis passport will continue to enable our citizens to travel visa-free to more countries in the world than any other programme in the Caribbean and the vast majority of passports in the world.”
In operation since 1984, St. Kitts and Nevis has the oldest citizenship by investment program in the world and also one of the most well-respected. For investors looking for assistance with the application process, private companies like Migrate World who hold partnership agreements with countries like St. Kitts and Nevis can help facilitate the process. If you choose to work with a partner, ensure you do due diligence to ensure you are working with a trusted and reputable organization.
Donations to the Sustainable Development Fund by citizenship applicants are a welcome and significant contribution to the development of St. Kitts and Nevis. The funds provide support and investment in local heritage, infrastructure, tourism and culture, business and entrepreneurship, climate change resilience, education and health services, poverty alleviation and people empowerment programs.
Alternatively, those seeking the benefits of citizenship through purchasing property are able to invest USD $200,000 (re-saleable after seven years) or USD $400,000 (re-saleable after five years) in an approved real estate project. There is no discount for the property investment option at this time.