St Kitts and Nevis Announces CBI Changes that will Benefit Families
January 5, 2017 - News Guide St Kitts and Nevis
Effective January 1, 2017, investment in the Citizenship By Investment Program for St Kitts and Nevis has become more affordable and inclusive for families.
The Cabinet of St Kitts and Nevis approved the following changes to the country’s Citizenship By Investment Program:
- Raising the age of children who can be considered dependents of the main applicant to 30 years (previously 25 years) when the child is in a dependency relationship with the parent and fully supported by them (children in a tertiary institution, full time education, disabled, etc.)
- The age of a dependent parent who can be included in an application has been lowered from 65 to 55 years.
Changes have also been made to the investment amount under the Sugar Industry Diversification Fund (SIDF), with the previous tiers of family investment based on number of dependents being scrapped in favor of a simplified system.
- Single applicants make a donation of USD250,000 to the SIDF.
- Applicants with up to three dependents can donate USD300,000 to the SIDF under a single application.
- The additional contribution for each additional dependent after the first 3, regardless of age, is now only USD25,000.
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