New benefits of St. Kitts & Nevis citizenship by investment

July 15, 2021 | Blog |

Even though there are several benefits in acquiring the passport of St. Kitts and Nevis, you may not know about one vital benefit that is attracting a lot of investors. In 2020, the Caribbean nation published a new guideline through which investors can provide the name of their siblings in their investment application. In addition, this is a piece of worthwhile news for investors who want to include their siblings’ names. One of the best benefits of this change is, St. Kitts has provided such an entry with immediate effect, allowing an investor’s brother or sister to get citizenship.

The new benefits an investor should know about

St. Kitts & Nevis CBI Unit announced that the applicants can now include their brother and sister while applying for citizenship. However, whosoever applying for citizenship by investment must meet specific requirements. Some of them are mentioned below:

  • Siblings mentioned on citizenship by investment application should be a sister or brother of the primary applicant or spouse.
  • They should not have children.
  • The primary applicant should prove that their siblings are financially dependent on them.
  • Your listed brother or sister must be below 30 years of age.
  • Your listed brother or sister should not be married. 

Once the sibling and primary applicant meet all the above requirements, the investor can make them a part of their application by paying a fee of around $20,000 under the SGF or Sustainable Growth Fund or $40,000, which falls under the real estate category.

What happens after you have added your siblings?

While applying for St. Kitts and Nevis Citizenship by Investment section, there are certain things you need to know as a primary investor. It is essential to understand that the governing authority will conduct a thorough background check on your siblings. Moreover, you need to pay the due diligence fees for your siblings if you want to include them in the application. In addition, one must also submit an affidavit, which confirms that the sibling is entirely dependent on the investor financially. 

Such clear rules and regulations make St. Kitts and Nevis Citizenship by Investment one of the most in-demand programmes in the world right now. 

Can you add your siblings retrospectively?

Soon after it was announced, potential investors wanted to understand and know whether successful St. Kitts and Nevis Citizenship by Investment investors can acquire the passport for their sister or brother without submitting a new application. And, even though the CBI section added such a benefit, new regulations do not enable applicants to add their siblings retrospectively, even if they happen to meet all the requirements. 

It is essential to know that only new applicants applying for St. Kitts and Nevis Citizenship by Investment can make their siblings a part of their citizenship applications.

Only the 4th Caribbean nation to allow siblings.

St. Kitts and Nevis only follow St. Lucia, Grenada, and Dominica. However, there are specific differences in the citizenship requirement, like concerning the qualifying sibling’s age. When it comes to Dominica, siblings should be under 25 years of age. In addition, siblings must be a minimum of 18 years in and between 18-30 in Grenada.

Not every Caribbean country allows primary applicants to allow the siblings of their spouse like St. Kitts does. Isn’t that something you have wished for?

The numbers are just going to rise.

Today, the St Kitts CBI programme ranks among one of the world’s most popular programmes. Moreover, it will only get better and attract a considerable number of investors to enter this Caribbean nation. When it comes to the latest CBI policy of the nation, including siblings of the primary applicant or their spouse has been relatively straightforward and efficient. This has allowed the Caribbean nation to bolster its chances of attracting a significant number of foreign investors.

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