The government of St Kitts and Nevis has lowered the required monetary level that enabled real estate investors to gain citizenship in the Caribbean nation.
The St. Kitts and Nevis Citizenship by Investment (CBI) program previously offered citizenship to investors who acquired condominiums for a minimum of $400,000 and homes costing a minimum of $800,000. Now, a 25% reduction will enable citizenship for condo purchases at a minimum of $325,000 and home purchases for a minimum of $600,000.
The St. Kitts and Nevis government stated its passport provides visa-free access to over 140 countries, while citizens pay zero personal income tax and no taxes on capital gains, inheritance, dividends, interest, royalties or wages. For those who take up residency in the nation, there is free healthcare for those under 18 and over 62 years of age.
In September, the independent CBI Index rating system named St. Kitts and Nevis’ CBI program as the world’s finest. The index report praised the country for and 84% rating with “full marks in the four pillars of excellence such as due diligence, ease of processing, and certainty of product. This reflects the nation’s commitment to upholding the highest standards in vetting applicants, ensuring the integrity of its program, and rapidly responding to international regulatory recommendations.”
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I would like to see some properties