The St Kitts & Nevis Government has updated their Citizenship by Investment Programme (CIP) to make it more competitive within the region.
They will now permit the sibling of the main applicant or his/her spouse to be added to the application if the meet the following criteria:
- Unmarried
- Childless
- 30 years of age or younger
- Dependant on the applicant for financial support
The additional cost to include a sibling will be US $40,000 under the real estate option or US $20,000 under the Sustainable Growth Fund.
The policy will only affect applications submitted from November 6th, 2020 onwards and may not be applied retrospectively to already-approved files.
As the world’s oldest CIP, St Kitts & Nevis continues to be attractive to private clients looking at second citizenship. Passport holders enjoy travelling to over 157 countries without the need to apply for a visa.
To see the complete list of visa-free countries use our Country Access Tool.
St. Kitts & Nevis does not impose personal income, inheritance or net-worth taxes which gives it a competitive advantage compared to many of the other CIPs.
Different Sibling Criteria for Caribbean CBI Countries:
This announcement puts the country in line with its other four Caribbean CBI countries: Dominica, Grenada, St Lucia and Antigua & Barbuda which all have included siblings in their applications for some time with varying criteria.
Antigua & Barbuda, St Lucia and Grenada do not require the sibling to be financially dependent on the main applicant (St Kitts & Nevis and Dominica do).
The maximum age for siblings allowed in St Lucia is 18, in Dominica it’s 25, and St Kitts & Nevis it’s 30. Grenada & Antigua have no maximum age restriction.