VMPL
New Delhi [India], August 31: The citizenship by investment programme of St Kitts and Nevis has once again left everyone awestruck by its decision-making process on the applications filed under the Sustainable Island State Contribution also known as the Fund Option. The decision in some cases is coming in as little as 10 weeks.
The Sustainable Island State Contribution replaced the popular Sustainable Growth Fund in a major overhaul of the CBI Programme in 2023. The option helps the Federation achieve the Sustainable Island State Agenda and supports economic diversification, creating sustainable industries, and a creative economy.
Over the years, Saint Kitts and Nevis citizenship by investment programme has garnered a reputation of being revolutionary in the economic migration industry. With a dedication to enhanced due diligence, and ensuring global security, the country continues to hold its title of "Platinum CBI Programme".
St Kitts and Nevis: A comparison with other CBI Programmes
The Caribbean region has one of the most active citizenship-by-investment programmes in the world. Countries such as Antigua and Barbuda, Dominica, Saint Lucia, and Grenada offer much cheaper citizenship options than St Kitts and Nevis.
However, experts say that people are willing to pay a premium investment amount for St Kitts passport because of the reputation it holds across the globe.
The Saint Kitts and Nevis passport, as per the CBI Index 2023 includes visa-free travel to a growing number of worldwide destinations.
"Benefits of citizenship of St Kitts and Nevis include visa-free travel to a growing number of worldwide destinations -- the highest of any CBI country in the Caribbean and the ability to hold multiple nationalities. Due diligence procedures remain among the industry's most robust. There is no language, education, or business requirement applicable to any of the options chosen," CBI Index 2023.
Reports suggest that Saint Kitts and Nevis stands out for its impeccable reputation and rigorous due diligence process as well as longevity spanning over 40 years.
Within the St. Kitts and Nevis citizenship by investment programme, there are three different investment options to choose from: Sustainable Island State Contribution (SISC), Public Benefit Fund, and Real Estate. Each investment option offers similar citizenship benefits.
However, industry experts say that upon comparison, the SISC has been proven to be the most straightforward and fast because the other options involve lengthy documentation owing to the involvement of properties.
Moreover, the Saint Kitts passport has now become a status symbol in the HNWI and UNHW circles as it comes at a premium price.
Investment Options
Sustainable Island State Contribution (SISC): The SISC has replaced the Sustainable Growth Fund Option and is dedicated to advancing the economic and social development of the Federation. Often referred to as the "Fund Option," it offers a straightforward pathway with application decisions made within 10 weeks. As per industry experts, CBI agents often avoid pitching the SISC to the clients, due to low agent commission rates.
Real Estate Investment: This option provides the same citizenship benefits, but the purchased property can only be resold after seven years. This condition may pose a challenge for those seeking a quicker route to citizenship.
Public Benefit Option (PBO): Under the PBO, each main applicant must contribute a minimum of US$250,000 to an Approved Public Benefits Project, payable to the designated Approved Public Benefactor.
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