With the recent announcement in extension of dates for the Limited Time Offer(LTO) for the Sustainable Growth Fund (SGF) Investment Option, global investors spraying towards Federation to take advantage of the following deal. The following announcement has been made by the government of St Kitts and Nevis, adding that the Limited Time Offer (LTO) will be available now for more seven months, which will be ending on January 31, 2024.
It is to be noted that, with the introduction of the Limited Time Offer (LTO) under Sustainable Growth Fund by the Citizenship by Investment Unit (CIU) Head Michael Martin, allowing investors to gain approval for the alternative citizenship in St Kitts and Nevis within the period of 60 days for a reduced fees.
While making the announcement on the extension of dates on June 29, 2023, Michael Martin added that, “We have received an uptick in response and continuous spike in demand for our SGF option via the Limited Time Offer and felt that we had to extend the offering for another 7 month period until January 31, 2024. Global investors continue to see the value of the first and the most finest Citizenship by Investment Programme and this proves it.”
Considerably, the Sustainable Growth Fund option remains the most quickest as well as the easiest route to acquire alternative citizenship of the Twin-Island Federation. By the recent announcement in the extension of the deadline, it has become now easy for an applicant to acquire alternative citizenship by making contributions of USD125,000 to the SGF and receiving approval in principle within period of 60 days of acknowledgement by the CIU of submission of their application.
Under the LTO, the minimum SGF contributions are as follows:
- Single Applicant- USD125,000
- Main applicant and a spouse- USD150,000
- Main applicant and up to three dependants- USD170,000
- Each additional dependant under 18 – USD10,000
- Each additional dependant over 18- USD25,000
It is to be mentioned that revenue generated from the SGF has facilitated economic development and social upliftment in the nation. The SGF is used to provide financial support to educational institutions, as well as medical facilities, along with supporting infrastructural development, increasing tourism, preserving local culture as well as heritage & supporting sustainable growth steps in St Kitts and Nevis.
Moreover, applicants across the world are looking at the benefits of being part of St Kitts and Nevis success story. After upgrades made to the rules and regulations of CBI, the Federation is now offering one of the most secure and best-regulated investment migration offerings across the globe, which directly means that the international investors are looking on hedging their bets in a stable as well as growing economy should look no further than St Kitts and Nevis.
At the same time, the extension is an opportunity for the investors for obtaining citizenship via LTO. The government of St Kitts and Nevis ensured that it has only the best to offer international entrepreneurs and families who have realized that the global powerhouses are no longer illustrious investment option because of the security threats. Global investors are ensuring that they can safeguard their families and wealth in global economy that has been offering nothing but uncertainty since the onset of the COVID-19 pandemic in 2020.
Although, smaller nations like St Kitts and Nevis has found routes, through CBI, for protecting themselves from global shocks, offering favourable business policies aiming at growing corporations in the international markets and, by using international funds channelled to the SGF, can diversify and grow their economy on meeting the global requirements.
St Kitts and Nevis continues to create a name for itself as a financial nexus in the Caribbean with an attractive CBI programme underpinned by a sound legal framework and robust multi-layered due diligence.
Being the first to run the Citizenship by Investment Programme, St Kitts and Nevis has been the pioneer of the global investor immigration industry and those who recognize this are taking advantage of the LTO.
