2024 Saint Christopher and Nevis Citizenship by Investment Shift

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RIF Trust Covers the Latest Citizenship by Investment Developments in St Kitts and Nevis

Leila Bagheri is RIF Trust’s Caribbean citizenship expert. She’s an authority on St Kitts and Nevis Citizenship by Investment or Saint Christopher and Nevis Citizenship by Investment, as it’s more formally known.

Our specialist reacts to the Saint Christopher and Nevis’ latest Statutory Rules and Orders. More specifically that’s No. 43 of 2024.

Leila reveals that “The key takeaways are a reduction in the minimum real estate investment and a relaxation regarding dependents.”

Our Caribbean connoisseur concludes: “The price of Citizenship by Investment in this region has only gone one way so far in 2024, and that’s up. This move by St Kitts and Nevis bucks that trend.”

New Saint Christopher and Nevis Citizenship by Investment Regulations

When we refer to Saint Christopher and Nevis Citizenship by Investment, we are summarizing. The country’s government itself cites Saint Christopher and Nevis Substantial Investment. It recently published the Saint Christopher and Nevis Substantial Investment (Amendment) Regulations, 2024.

Terrance M. Drew is the St Kitts and Nevis Prime Minister. He’s also the Minister for National Security and the signatory for these Saint Christopher and Nevis Citizenship regulations. They are dated Friday, October 25, 2024.

The first meaningful amendment relates to Regulation 3. Where previously you could add parents or parents in law as dependents aged 65 or other, now you can include those aged 55+.

There’s an update regarding Regulation 12 too. Originally you could not apply for Citizenship by Investment in St Kitts and Nevis if you had been declared bankrupt. Now you can invest in St Kitts and Nevis citizenship if you have not faced bankruptcy proceedings within 10 years of applying.

There are regulations relating to the Saint Christopher and Nevis Citizenship via property investment options too. The minimum real estate investment in an Approved Development becomes $325,000, down from $400,000.

This mirrors the new threshold investment in a condominium unit or share in a real estate development designated as Approved Private Real Estate. Meanwhile the minimum investment in a single-family private dwelling home designated as Approved Private Real Estate drops from $800,000 to $600,000.

Should you wish to add new children as dependents, there’s a charge of $7,500. They must be under 3 years old when you add them. One last condition is that they were born after you received the Certificate of Registration.