The St Kitts CBI program offers global access and security in exchange for investment into the local economy. These revenues are paramount to the economic recovery of the Federation of St Kitts and Nevis which has suffered as a result of the global pandemic. As a result, the government has recently lowered the St Kitts citizenship cost to make the program more attractive.
The new St Kitts citizenship cost offers families of four or more a 25% price reduction on their Sustainable Growth Fund (SGF) contribution. Therefore, investors can obtain passports from the most venerable Caribbean CBI program at the best possible price.
Initially introduced in July 2020, the special offer expired on January 15, 2021. However, due to significant demand it was reinstated March 1, 2021 – for an indefinite time period. Time is of the essence to take advantage.
St Kitts Citizenship Cost for Family of Four or more
Specifically, the new price reduction is aimed at SGF family applications consisting of the main applicant, spouse and two dependents. Normally, the investment cost for a family of four would be $195,000. However, the reduced investment requirement is $150,000 which saves investors $45,000.
A qualified application would consist of the main applicant and spouse plus two dependents of the main applicant. Qualified dependents include dependent children up to age 30 and/or dependent parents or grandparents age 55 and above.
Additional qualified dependents of the main applicant can be included for $10,000 each. Plus unmarried, dependent, childless siblings of the main applicant who are under 31 years of age may be included for an additional $20,000 each.
The following price breakdown asssumes the 2 dependents are both children of the main applicant 16 years of age or below. To add an additional dependent of the main applicant simply apply the indicated cost listed in the price table.
| SGF Requirements | SGF Cost |
| Investment Cost | $150,000 (family of four) $20,000 sibling $10,000 each additional dependent |
| Due Diligence | $7,500 main applicant $4,000 spouse $4,000 dependent >16 years |
| Passport Fees | $1,000 ($250 each) |
| Bank Fees | $400 |
| Total | $162,900* |
| Cost Savings | $45,000 |
*Professional fees apply on all applications and will vary depending on complexity and number of applicants.
SGF Cost Breakdown for Married Couple, One Child
The St Kitts CBI also offers competitive pricing on their SGF option for married couples. Here is the applicable price breakdown for a married couple with one child 16 years and below. To add a dependent child or sibling of the main applicant, simply include the indicated price.
| SGF Requirements | SGF Cost |
| Investment Cost | $150,000 single applicant $25,000 spouse $20,000 sibling $10,000 each additional dependent |
| Due Diligence | $7,500 main applicant $4,000 spouse $4,000 dependent >16 years |
| Passport Fees | $750 ($250 each) |
| Bank Fees | $400 |
| Total | $197,650* |
*Professional fees apply on all applications and will vary depending on complexity and number of applicants.
St Kitts Real Estate Cost for Married Couple, One Child
St Kitts CBI also offers investors an attractive real estate option. The real estate program allows you to sell the property at the end of a 7 year holding period to a new CBI applicant. As a result, you can recoup your investment capital which will significantly reduce the real St Kitts citizenship cost.
Furthermore, you can make a 3-5% yield on your investment through the developer’s profit sharing program. As a result, the real St Kitts citizenship cost is significantly lower than all of the SGF pricing options.
For example, by factoring in a minimum 3% investment yield over 7 years, the actual cost for a family of three would be $45,250 for savings of $152,400 over the applicable SGF program cost. Indeed, the St Kitts real estate option is certainly worth considering.
| Program Requirements | Real Estate Costs |
| Investment | $200,000 reduced price option |
| Due Diligence | $7,500 main applicant $4,000 spouse $4,000 dependent >16 years old |
| Government Fees | $35,000 main applicant $20,000 spouse $40,000 siblings $10,000 each dependent (spouse and siblings excluded) |
| 5% Share Registration Fee | $10,000 (share sale only)* |
| Passport Fees | $750 ($250 each) |
| Initial Investment Total | $287,250*** |
| Sale Proceeds | ($200,000) |
| Real Cost | $87,250 |
| Investment Yield 3% (over 7 years) | $42,000 |
| Actual Cost | $45,250** |
| Savings over SGF | $152,400 |
*5% of investment amount is payable to St Kitts Inland Revenue Division.
**Estimate assumes dependent is child of main applicant under 17 years of age.
**Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application.