by Khareem Cabey 
St Kitts and Nevis is offering a limited-time opportunity for applicants to gain second citizenship in just 60 days through its Sustainable Growth Fund. The fund, which aims to facilitate economic development and social upliftment in the country, will provide financial support to educational institutions, medical facilities, and infrastructure development, as well as support for local tourism, culture and heritage preservation, and sustainable growth initiatives.
From January 1 to June 30, 2023, main applicants can make a minimum investment of $125,000 to the Sustainable Growth Fund and receive approval in principle within 60 days of application submission, following stringent background checks. Investment options during this period include:
- Single applicant: $125,000
- Main applicant and spouse: $150,000
- Main applicant, spouse, and two dependants: $170,000
- Each additional dependant under 18: $10,000
- Each additional dependant over 18: $25,000
From July 1, 2023, the investment amounts for the Sustainable Growth Fund will be as follows, with approval in principle expected within 90 days of application submission:
- Main applicant: $150,000
- Main applicant and spouse: $175,000
- Main applicant, spouse, and two dependants: $195,000
- Each additional dependant under 18: $10,000
- Each additional dependant over 18: $25,000
The changes to the Sustainable Growth Fund are part of the government’s efforts to create conditions for sustainable economic growth and diverse business opportunities in the country. The Prime Minister of St Kitts and Nevis, Dr Terrance Drew, stated that the changes will help cement the country’s place as a leader in the Citizenship by Investment industry and ensure that projects benefiting the local economy meet the necessary requirements.
