St Kitts – Nevis will allow siblings as dependants in CIP applications

On November 6, St Kitts and Nevis announced the implementation of new measures for citizenship applications submitted to its Citizenship by Investment Unit (CIU), stating ‘effective immediately, St Kitts and Nevis’ CIU would accept siblings onto all new applications.’

‘To qualify, a sibling can be either a brother or sister of the main applicant or of the spouse of the main applicant. Moreover, the sibling must also be unmarried, childless, 30 years of age or younger, and dependent on the main applicant for financial support. Unfortunately, a person who has already been approved for citizenship will not be able to ‘add’ a sibling to his or her application – this is a change that affects new applications only.’

Les Khan, chief executive officer of the CIU made the announcement to authorised persons, developers, international marketing agents, and other investor immigration industry stakeholders commented: ‘It is important to highlight that these changes will not compromise the stringent due diligence that applicants to our CBI programme must undergo.”

St Kitts and Nevis’ CBI programme, since 1984, has helped the country build and support its social, economic and health sector. Through CBI, the twin-island keep financially afloat during the COVID-19 lockdown.

St Kitts and Nevis recently reopened for international tourism, welcoming travellers from around the world. Reportedly, there has been an uptick in applications from US citizens who are looking to protect their family’s future by investing in a CBI programme.

The fastest and most straightforward route to second citizenship in St Kitts and Nevis is the Sustainable Growth Fund which currently offers applicants a limited-time offer. Successful applicants receive, a passport from St Kitts and Nevis gain access to visa-free or visa-on-arrival travel to nearly 160 destinations.

According to prime minister Timothy Harris in a recent webinar, “[Investors] think not just about citizenship, [they] think of a vibrant country, one such as St Kitts and Nevis, in which you know your returns will go tremendously.”

 

Source: menafn.com
Published: 10 November 2020

Required
Required Invalid Email
Invalid Captcha Code Required
Thank you, an email was sent to your inbox which includes the download link