“Today, St Kitts and Nevis [offers] a programme held together by a tight regulatory system designed to be a best-in-practice defence mechanism against illicit actors and those who try to bypass our high-end investment and contribution options. We are continuously committed to preserving the exclusivity and prestige associated with being a citizen of St Kitts and Nevis.”, the Prime Minister said while addressing the public. 

The Prime Minister disclosed the new specifications for the C.I.P. to citizens. “Contributions start from US$250,000 for one applicant only and increase as a spouse or dependants are added. For a family of two, the contribution amount increases to US$300,000 and for a family of four, the minimum Sustainable Island State contribution is US$350,000.

The minimum amount for investing in the Developer’s Real Estate Option is now US$400,000. The property must be held for a period of seven years and can be re-sold, once, to another purchaser who wants to apply for Citizenship by Investment.

An Approved Private Home, which can be a condominium or single-family dwelling, qualifies to be sold as a C.I.P. option if a minimum investment of US$400,000 is paid to the condominium owner or US$800,000 is paid to the single-family dwelling owner, by the main applicant.” 

According to the Prime Minister, all background and due diligence checks will be commissioned by the C.I.P. and will be conducted by independent professional firms from the United Kingdom, USA and Europe, and in accordance with the requirements set by the board of governors. The increased monitoring of C.I.Ps in the region was prompted due to the imposition of Visas on Dominicans by the United Kingdom.