Investors interested in St Kitts and Nevis have until next year to apply for its Citizenship by Investment program with a lower investment threshold as the island government has extended the deadline to apply for its citizenship under the Limited Time Offer (LTO), which reduces the threshold from US$150,000 to US$125,000 until January 31, 2024.
The LTO applies to applications utilizing the Sustainable Growth Fund (SGF) option, which allows international investors to secure a passport in an accelerated and cheaper approval process.
The extension makes the St Kitts CBI Program exceptionally attractive as it is competitively priced and completing its robust and enhanced DD application processing in 60 days makes, which makes it a world-leading option.
The initial deadline for the LTO was June 30, 2023. However, high demand from discerning investors worldwide prompted the authorities to extend the offering for another seven months.
An investor visa in St Kitts with a fast-track approval process
Under the extension, applicants can attain citizenship faster, bypassing the waiting periods associated with traditional immigration routes.
Investors can secure this option with a minimum contribution of US$125,000. The investment requirement increases to US$150,000 for the main applicant and their spouse and US$170,000 for up to three dependents.
The minimum SGF contribution would later revert to its previous amount, imposing higher financial commitments on individuals seeking investment citizenship. Also, the expedited review facilitated by the special program would no longer be included at no charge, as is the case with the LTO, potentially resulting in higher costs for investors seeking an accelerated application process.