The longest running citizenship program has just applied some new exciting rules starting this year. These changes make it easier for dependents of applicants to be included in one process, saving money and time.
St Kitts & Nevis is located between the Atlantic Ocean and Caribbean Sea and it’s known for its mountains and beautiful crystalline beaches. Its Citizenship by Investment Program was established in 1984 and its now one of the most respected citizenship program. However, the investment requirements are rigidly enforced due to diligence procedures.
This program is used to attract investors of good standing to contribute to the development of the Federation. In a return, the contributor has access to the citizenship and passport application within the strict guidelines of the law and the relevant regulations.
As we move into 2017, many more families are looking for these programs as an alternate security plan. A St Kitts passport allows one to travel to over 100 countries and territories, including all EU Schengen countries, Switzerland, UK, Ireland and many more.
The following new rules apply:
- The age of a parent to be treated as a dependent has been lowered from 65 to 55
- Children, not more than 30 years of age, who are in a dependency relationship with their parents will be considered dependents. This age limit has been increased from 25 and will apply, as examples, to individuals who are disabled, in tertiary institutions or dependent on parent for support.
- The addition of dependents, born after citizenship is granted and under the age of 16, are to be processed through the Ministry of National Security.
Sugar Industry Diversification Foundation Contributions:
- Minimum Contributions to the Sugar Industry Diversification Foundation to qualified persons
- Single Applicant US$250,000.00; Applicant with up to three dependents: US$300,000.00;
- Additional contribution for each additional dependent, regardless of age, will be US$25,000.00;