The Prime Minister of St Kitts and Nevis announced in July that for a limited time the economic contribution would be reduced for those looking to apply for a second passport through the country’s economic citizenship program. The citizenship contribution has been reduced from USD 195,000 to USD 150,000, which will be valid until the end of 2020.
The announcement was made following the effect of COVID-19 on the global economy and a need to find creative ways to stabilize the local St Kitts economy, to bring it back on a path of GDP growth. The island suffered a serious economic blow by the coronavirus pandemic, as it heavily depends on tourism as a source of income.
St Kitts has been free of COVID-19 since May 2020 with only 15 people contracting the virus, all of whom were isolated and required no hospitalisation. There were also zero fatalities, for which the country has received international recognition for its swift handling of the outbreak.
A St Kitts & Nevis passport offers visa-free travel, without any residency requirements, to over 156 countries. This is more than any other program in the Caribbean and for the majority of passports in the world. It is the oldest and most established Citizenship by investment, and is known for it’s highly efficient processing of applications all while maintaining international standards through diligent background checks.
Citizenship through property investment of USD 200,000 (re-saleable after seven years) or USD 400,000 (re-saleable after five years) is also possible, through a government approved real estate project, however at present no discount is offered for this option.