St Kitts CIU reduces real estate investment to $200K for Citizenship

According to the CIU of St Kitts and Nevis, the minimum real estate investment required for Citizenship in St Kitts and Nevis is US 200,000. The prices have been cut by half from USD 400,000 to USD 200,000.

 

The minimum real estate investment required by law is US$200,000 (resalable after 7 years) or US$400,000 (resalable after 5 years) for each main applicant.

 

Last Feb 2018,  The St Kitts Government has revised the fees downward so that a family of four will now pay US$75,000, instead of US$150,000.

 

Due diligence and Government fee

Upon submission of an application, non-refundable due diligence and processing fees must also be paid, if the applicant decides to pursue citizenship.

These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main applicant who is over the age of 16 years.

On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:

  • Main applicant: US$35,047
  • Spouse of the main applicant: US$20,047
  • Any other qualified dependent of the main applicant regardless of age: US$10,047

In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).