The Government of Saint Kitts and Nevis has published Citizenship by investment (Amendment 2)  2018 Regulations in Official Gazette 2018. The amendment specifies the guidelines and requirements for new fund Sustainable Growth Fund for the CBI programme.

The Sustainable Growth Fund launched to replace the Hurricane relief fund which expired in 30, March 2018.  Foreign investors qualify for St Kitts citizenship and passport under the SGF fund by paying one time donation of $150,000. Investing in St Kitts real estate also becomes cheaper with $200,000 per person under the joint scheme.

Sustainable Growth Fund

The Sustainable Growth Fund shall be used for

(a) for the funding of school construction and education related initiatives, including, funding for computers, books, scholarships and bursaries;

(b) to mitigate the effects of climate change in St Kitts and Nevis, including, preparation for increased hurricane threats, droughts, emergency preparedness, public education, disaster planning and preparedness.

(c) to support economic growth in St Kitts and Nevis, including, improve competitiveness, support small and medium sized business enterprises, support manufacturing and industrial activities, support agricultural diversification and development, support the fisheries sector, support development of financial services, support further development of domestic and export driven manufacturing, support improvement in the ease of doing business and to support improvements in technological advancement.

(d) for the build out of infrastructure that supports all ports of entry. repay loans for ports of entry, to enhance the port facilities of airports and sea ports and to support the build offroads and utilities

(e) for the development and enhancement of medical facilities of St Kitts and Nevis.

(f) to support tourism development;

(g) to promote, preserve, protect and develop St Kitts and Nevis’ culture and heritage; and

(h) to support other sustainable growth initiatives in St Kitts and Nevis.

SGF Investment requirements

The minimum non-refundable Contribution to the Sustainable Growth Fund, established under regulation 6(B), to qualify persons to apply to Citizenship by Investment

•  Contribution for single applicant US$150,000
• Spouse of the main applicant US$25,000
• Additional qualified dependents can be included in the Application at US$ 10,000 each
• An International Marketing Agent Commission to be paid on approval of the applicant’s file.
  US$15,000

Real Estate Investment

The minimum real estate investment required on the basis of an investment in real estate is

• US$400,000 for each main applicant. Two or more applicants may apply for citizenship by investment together by purchasing one piece of real estate, provided that each main applicant contributes the minimum investment of US$400,000.00 towards the investment; or
• US$200,000 for each main applicant. Two or more applicants may apply for citizenship by investment together by investing in one piece of real estate, provided that each main applicant contributes the minimum investment of US$200,000.00 in real estate worth a minimum of US$400,000 and the transfer shall be exempt from stamp duty under the Stamps Act, Cap. 20.40.

Source: http://ciu.gov.kn/wp-content/uploads/2017/01/SRO_No._7_of_2018-Sustainable-Growth-Fund.pdf