St Kitts extends Limited Time Discount for Citizenship By Investment

In a move that surprised literally no one in the industry, St Kitts and Nevis recently extended their Limited Time Offer (LTO) on Citizenship By Investment. In today’s episode, we take a look at the country’s CBI offering – and the discount deal – as it stands in 2023.

Let’s get into the details below…

St Kitts extends its Limited Time Offer on Citizenship By Investment for an additional seven months

An official government press release issued on June 29, 2023, confirmed what practically everyone in the Citizenship By Investment (CBI) industry predicted would happen: St Kitts extended its Sustainable Growth Fund Limited Time Offer (LTO) until January 31, 2024.

The St Kitts Citizenship By Investment (CBI) program is the Caribbean flagship offering. Established in 1984, the program has issued over 20,000 CBI passports to investors hailing from around the world.

The country’s passport is a decent travel document, scoring a respectable B-grade rating in the Sovereign Man Passport Index. And as of 2023, it offers visa-free access to 135 countries around the world, including Russia, the UK and the Schengen Area.

St Kitts’ CBI program boasts a streamlined, efficient application process, and thanks to the recently extended Limited Time Offer, it also offers excellent value for money.

According to their Citizenship By Investment Unit Head, Michael Martin, the decision to extend the Limited Time Offer was based on the overwhelming investor demand.

But these kinds of extensions are very common. The Caribbean CBI market is fairly price sensitive, so we’d take the stated rationale with a grain of salt.

CBI funds raised via the Sustainable Growth Fund (SGF) are used for infrastructure projects and to provide financial support to educational institutions and medical facilities in the twin-island nation.

The SGF remains the quickest and easiest route to alternative citizenship in St Kitts and Nevis, and many of our Total Access (TA) members have taken advantage of this discounted offer.

Moreover, TA members can get Caribbean CBI passports – including that of St Kitts – for cheaper than anyone else in the world, thanks to deep discounts we’ve negotiated with leading suppliers on the ground.

For example:

If you’re applying as a family of 4, with two kids under the age of 11, you could save a whopping $20,000 as a TA member – on top of the $25,000 LTO discount.

To find out more about the benefits of Total Access membership, click here.

But now, let’s recap the details of the program and the LTO offer.

The Limited Time Offer’s Investment Requirements at a glance

As per the LTO deal, a main applicant can acquire alternative citizenship by contributing only US$125,000 to the SGF, and receiving approval in principle within 60 days of acknowledgement by the CIU of submission of their application.

The minimum SGF contributions for additional applicants are as follows:

ST KITTS CBI PRICING: DONATION OPTION
TEMPORARY  $25K DISCOUNT DEAL Sustainable Growth Fund Contributions:  (Valid until January 31, 2024.) Required non-refundable contributions:  $125,000: Main applicant  $150,000: Main applicant and spouse  $170,000: Main applicant, spouse and two dependants $10,000: Each additional dependant under the age of 18  $25,000: Each additional dependant over the age of 18	REGULAR PROGRAM PRICING Sustainable Growth Fund Contributions: (Valid from February 1, 2024 onwards – unless it gets extended again.) Required non-refundable contributions:  $150,000: Main applicant  $175,000: Main applicant and a spouse  $195,000: Main applicant, spouse and two dependants $10,000: Each additional dependant under 18  $25,000: Each additional dependant over 18

The St Kitts passport became even more valuable in 2023

On June 6, Canada’s Minister of Immigration, Sean Fraser, announced the addition of 13 more countries – including St Kitts, Antigua and St Lucia – to the Electronic Travel Authorization (eTA) program.

Bearers of the St Kitts passport who either hold a valid US travel visa, or have held a Canadian visa in the past 10 years, can now apply for an eTA, rather than a visa at a Canadian consulate, when arriving in Canada by air.

Eligible nationalities can apply for an ETA online, with approvals typically issued within minutes. And ETAs are generally valid for five years.

However, St Kitts citizens who have not held a Canadian visa in the past 10 years, nor hold a valid US visa, and who will be entering Canada by sea or land, will still need to apply for a regular Canadian visa.

The bottomline…

Obtaining a second passport can be a truly invaluable asset – offering increased mobility, more optionality and protection from a host of potential risks you may face in your native jurisdiction.

And given St Kitts’ stellar reputation during the past four decades, its passport is arguably THE one to get if you’re in the market for alternative Citizenship By Investment.

Source

Simon Black is an international investor, entrepreneur and permanent traveler. His daily letter is both educational and entertaining, and we suggest that those who want unbiased, actionable information about global opportunities sign up for Sovereign Man’s free, actionable newsletter at http://www.SovereignMan.com.

From Simon Black of SovereignMan.com

Source: https://www.sovereignman.com/second-citizenship/st-kitts-extends-limited-time-discount-for-citizenship-by-investment-147822/