Daniel Brantley St. Kitts & Nevis Citizenship By Investment Update

by Dia C. Forrester dia.forrester@danielbrantley.com

5th January 2017

The St. Kitts and Nevis Citizenship by Investment Unit has commenced the year 2017 with the following welcomed changes to the Citizenship By Investment Programme all effective from 1st January 2017:

1. Dependents

(i) The age of a parent of a main applicant to be treated as a parent has been lowered from 65 years to 55 years old.

(ii) Children of a main applicant who are 30 years and under and in a dependency relationship with their parent will be considered dependents. The age limit has been increased from 25 and will apply, for example, to individuals who are disabled, in tertiary institutions or are dependent on the parent for support.

(iii) The addition of dependents born after citizenship is granted and under the age of 16 will now be processed through the Ministry of National Security.

 

2. Sugar Industry Diversifications Foundation Contributions (SIDF)

(i) Minimum contributions to the Sugar Industry Diversification Foundation to qualified persons

Single Applicant                                                                                                               US$250,000

Applicant with up to three dependents                                                                        US$300,000

Additional contribution for additional dependent, regardless of age                      US$ 25,000

 

3. International Marketing Agents

(i) All applications submitted by International Marketing Agents (IMA) to the SIDF will qualify for the IMA fee of US$15,000.00.

The St. Kitts and Nevis Citizenship By Investment Programme, the oldest of its kind in the World, continues to be particularly of interest to foreign nationals who are interested in having dual citizenship, valid and or second passports with added visa-free travel to Europe and most Commonwealth countries, tax benefits granted to citizens (for example, no personal income tax), and attractive luxurious real estate.

Please contact any member of the Daniel Brantley Team to further discuss these changes to the St. Kitts and Nevis Citizenship Programme and or the programme generally. Email: info@danielbrantley.com

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