Saint Kitts Raises Cost of Switching Between Investment Options to $25,000

 

Prime Minister Timothy Harris of Saint Kitts & Nevis has announced, in a circular to agents, that he is amending the rules for switching applications between the real estate investment and donation options under the country’s Citizenship by Investment Programme.

Switching between options will henceforth cost US$25,000, up from the previous US$10,000.

The move comes after weeks of discussions and allegations of agents’ swapping of investment options after approval in principle and without client consent.

See the full Statutory Rule notice below:

Regulations-SR-O-No.-27-of-2018-Amendment-No.-4

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Christian Henrik Nesheim is the founder and editor of Investment Migration Insider. He welcomes readers to connect on Linkedin.