New Changes to the Regulations for St Kitts & Nevis Citizenship by Investment 

On October 25th, 2024 the Statutory Rules and Orders (SRO) 43 of 2024 were officially announced introducing new attractive changes to the existing regulations that govern the programme. 

At JH Marlin we think that these changes are positive and will likely increase the attractiveness of the St.Kitts & Nevis CBI program. 

The most notable changes that were made include the following: 

• Updated price structure under the Approved Development Option. The price for minimum contribution has been changed from US$400,000 to US$325,000. 
• Updated price structure for the Approved Private Real Estate Investment Option. The price has now been lowered from US$800,000 to US$600,000. 
• The age eligibility for parents has been changed from 65 to over 55 years of age. 
• The fees for the addition of newborns has been changed from US$30,000 to US$7,500 
• Changes for Bankruptcy restrictions: the updated regulations now require that applicants must not have been declared bankrupt in the prior 10 years to their application. 

These price changes are to incentivize more international investors to invest in the country. Additionally there will be greater oversight and governance of the programme. All Approved Developments will require oversight by chartered surveys from the Royal Institute of Chartered Surveyors (RICS). This requirement will ensure more rigorous expert analysis and evaluation upholding the objectives of the programme being more transparent. 

If you would like to apply for St.Kitts & Nevis citizenship book a free consultation.