Country for PR: United Kingdom
Contributor: PR Newswire Europe
Saturday, July 04 2020 - 08:55
AsiaNet
Citizenship by Investment: St Kitts and Nevis Temporarily Reduces Required Family Contribution to US$150,000
LONDON, July 4, 2020 /PRNewswire-AsiaNet/--

On July 3rd, the Citizenship by Investment Unit (CIU) of the Federation of St 
Kitts and Nevis reduced the minimum contribution families must make to become 
economic citizens. Now, families of four contribute US$150,000, instead of 
US$195,000, to the Sustainable Growth Fund 
[https://ciu.gov.kn/the-sustainable-growth-fund/] under the country's 
Citizenship by Investment (CBI) Programme. The offer is temporary, valid from 
July 3rd, 2020, until December 31, 2020.

The measure comes in response to the economic impact of COVID-19 on the 
country. Although St Kitts and Nevis has had no related deaths and only 15 
cases, the government is using this family-friendly CBI offer as an economic 
safety net. The proceeds would address unemployment, support those whose income 
has been affected, and assist the country in continuing to fight COVID-19 
efficiently.

"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," said Prime Minister Timothy Harris. "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," commented Les Khan, the CEO of the CIU.

In light of COVID-19, authorised agents – who are mandatory to apply through – 
can temporarily submit applications online 
https://csglobalpartners.com/news/st-kitts-and-nevis-changes-cbi-processes-in-light-of-covid-19/]. 
The new offer only applies to the fund option 
[https://ciu.gov.kn/the-sustainable-growth-fund/], which remains the fastest 
route to citizenship from St Kitts and Nevis. In addition to the financial 
contribution, all applicants must pass the Programme's due diligence checks. 

"St Kitts and Nevis is the cradle of citizenship by investment," says Paul 
Singh, Director of government advisory and official marketing promotor CS 
Global Partners. "Established in 1984, the CBI Programme continues to attract 
some of the finest and most knowledgeable investors who want the best for their 
families. Many applicants will be pleased to learn of this time-limited offer, 
also knowing that, in the process, they are assisting struggling families get 
back on their feet."

Once successful, the new citizens earn the right to live, work and study in St 
Kitts and Nevis. They can enjoy visa-free and visa-on-arrival travel to 156 
destinations, with Foreign Minister Mark Brantley continuing to establish more 
visa waiver agreements worldwide.

Contact: 
pr@csglobalpartners.com 
www.csglobalpartners.com

Source: CS Global Partners
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