Will Other Caribbean CIPs Follow St. Kitts and Raise Prices? Here’s What the CIUs Are Planning
The question on everyone’s mind is if other Caribbean CIPs will raise prices like Saint Kitts. IMI contacted each to get an answer.
The St. Kitts & Nevis Citizenship by Investment Program allows investors who acquire government-designated real estate assets for US$400,000 (sole ownership) or US$200,000 (fractional co-ownership) to qualify for citizenship in the country.
There are other ways to qualify, including through donations, and additional fees and conditions apply. Learn more on the St. Kitts & Nevis Citizenship by Investment Program page.
– Investment requirements
– Investment options
– Processing time
– Physical presence requirements
– Program statistics
– Path to citizenship
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The question on everyone’s mind is if other Caribbean CIPs will raise prices like Saint Kitts. IMI contacted each to get an answer.
Minimum investment doubled in most categories; in-person document collection; new limits on marketing methods; all effective immediately.
Before the new administration took office last year, Saint Kitts & Nevis’ CIP had 95 approved real estate options. Today, it has nine.
The new CIU chief says he plans to assess the status of the CIU, introduce new investment options, and redefine the program’s target clients.
PM Drew also said “hundreds of millions of the CIP funds were abused by the previous administration,” thus reducing the profit margin.
Meanwhile, Dominica’s incumbent DLP won 19 out of 21 seats in this week’s general election, which was boycotted by major opposition parties.
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