Citizenship by Investment
Photo: St Kitts Tourism

Citizenship by Investment Programme: IMF report shows growth for St Kitts and Nevis

St Kitts and Nevis has shown a projected growth of 4.5 percent due to the country’s Citizenship by Investment Programme indicated by the latest International Monetary Fund (IMF) report that was released in January 2023. This growth is supported by a steady recovery from the tourism sector and various service sectors. 

The current St Kitts-Nevis Labour Administration Party under the leadership of Prime Minister, Dr Terrance Drew, has made very well-considered changes to the country’s investment migration programme in attempts to transform the economy into a Sustainable Island State, as highlighted in the 2023 Budget Address.  

Gold Investment | Build Your Financial Future | Vaulted

The expected growth in St Kitts and Nevis’ real GDP is 5.9 percent for 2023. The Prime Minister highlighted that the Citizenship by Investment Programme is also designed to generate significant revenue to create a diverse economy that will promote entrepreneurship, profitable job creation and increase homeownership. 

Citizenship by Investment will invite top-notch investors

Prime Minister Drew, said that his administration would “use the CBI revenues to fuel our plans to implement a diversified economy”. 

The Prime Minister emphasised the significance and benefits of St Kitts and Nevis’ CBI Programme and the importance of due diligence in ensuring that the country’s programme remains reputable globally.

He added “Our citizenship is precious; therefore, the evolved CBI Programme will invite bold and creative top-notch investors to our shores who will develop innovative industries in St Kitts and Nevis, the construction of 18 real estate developments pursuant to our government’s priority infrastructure list, and in all things, bring substantial benefit to the people of Saint Christopher and Nevis. This evolution is perfect for our investors to explore real estate development opportunities through their CBI Programme.” 

Crypto Credit Card | Gemini

St Kitts and Nevis government is looking to develop a Sovereign Wealth Fund should their financial projections materialise. This will be the world’s first Sovereign Wealth Fund through the Citizenship by Investment Programme.

The Fund will be used as a long-term investment vehicle in international markets and industries and will be managed by high-level authorities and a thorough policy to ensure the funds are directed intentionally towards disaster management.

Investors will have the opportunity to improve the country’s healthcare system, and social services, develop public infrastructure including energy and water security for all the Kittitian and Nevisian population, as well as digital transformation. 

St Kitts and Nevis is a two-island small yet rich economy with tourism being the island’s largest contributor to their GDP, followed by the Citizenship by Investment Programme, agriculture, medicinal cannabis industry, construction and manufacturing sectors.  

St Kitts and Nevis has been a pioneer of the global investment immigration industry for over 30 years and it continues to use revenue generated from its Citizenship by Investment Programme to prosper locals and international investors. Prospective entrepreneurs can become a citizen of St Kitts and Nevis in four ways: 

Donating towards the country’s Sustainable Growth Fund (SGF), which was established to drive economic and social development in the country. In addition, the SGF may be used to provide financial support towards education and healthcare facilities, as well as funding for constructing infrastructure, developing local tourism, preservation of local culture and heritage, and dedicated sustainable growth initiatives in the country. Metal Visa Cards

Available Card Tiers: Obsidian, Frosted Rose Gold, Icy White, Royal Indigo, Jade Green, Ruby Steel and Midnight Blue.

5% Cash back

Adjustments to the minimum donation amounts from July 1, 2023

There is a Limited Time Offer (LTO) from January 1 to June 30, 2023. Investors applying under the LTO will benefit from a reduced minimum donation amount starting at US$125,000 for a single applicant and an accelerated CBI application with a shorter processing time of 60 days from the acknowledgement of the application by the Citizenship by Investment Unit to approval in principle, with no added costs.

From July 1, 2023 onwards, there will be adjustments to the minimum donation amounts with the minimum donation for a single applicant starting at US$150,000 and the processing time will revert to the standard 90 days unless the applicant elects the accelerated CBI application route. 

Investing through the pre-approved real estate from January 2023. The minimum investment required by law is US$200,000 in an Approved Development which is resalable after a period of seven years. Only Approved Developments qualify under this investment option.

All real estate properties previously designated as “Approved Projects” are required to apply to be re-designated as an Approved Development on or before March 10, 2023, failing which they will no longer qualify under the real estate investment option. Additional fees apply. 

Applicants may select the Private Home Sale Investment Option; the minimum investment amount is US$400,000 in a private dwelling home or a single-family condominium designated as an Approved Private Home.

Screenshot 2023 02 03 210306

Galaxy S23 | S23+

Share the epic with our fastest mobile processor ever and enhanced low-light selfies.

Pre-order to get a storage upgrade and more offers.

More than one main applicant may each contribute a minimum of US$400,000 towards the same Approved Private Home. An Approved Private Home is resalable after a period of five years, Properties previously designated as Approved Private Homes are required to re-apply to be re-designated on or before March 10, 2023, failing which they will lose such designation. This option is not applicable to apartments or multi-family condominiums. Additional fees apply. 

The Public Benefit Option has replaced the Alternative Investment Option (AIO). The minimum investment amount per applicant is US$175,000 in an Approved Public Benefit Project, payable to an Approved Public Benefactor. Only Approved Benefit Projects qualify under this investment option.

Pixel 7

Google Pixel 7

128 GB Smartphone, 6.3″ OLED Full HD Plus 1080 x 2400, Octa-core (Cortex X1Dual-core (2 Core) 2.85 GHz + Cortex A78 Dual-core (2 Core) 2.35 GHz + Cortex A55 Quad-core (4 Core) 1.80 GHz), 8 GB RAM, Android 13, 5G, Snow

All real estate developments previously designated as AlO developments are required to apply to be designated as an Approved Public Benefit Project on or before March 10, 2023, failing which they will no longer qualify under this investment option. Additional fees apply. 

PR St Kitts and Nevis
Government of St Kitts and Nevis
+44 (0) 207 318 4343

– Globe Newswire, Basseterre

Every month in 2024 we will be giving away one PlayStation 5. To qualify join our Facebook group, TikTok and Subscribe to our Sweet TnT Magazine YouTube channel

When you buy something through our retail links, we may earn commission and the retailer may receive certain auditable data for accounting purposes.


You may also like:

Investors gain second citizenship in St Kitts and Nevis for a reduced fee

5 Things to know before moving to Trinidad and Tobago

5 Amazing truths about Trinidad and Tobago

Summer savings on villa stays at Silversands Grenada

Mastercard and TRIBE Carnival partnership offers you priceless opportunities

Create lasting memories in our beautiful vacation villa

Book a Caribbean cruise onboard Rhapsody of the Seas from 2022-2023

9 Must visit top attractions in Singapore

Autumn vacations: The most popular destinations

Jamaican travel company offers exclusive deals, provides jobs

Etihad Airways Destinations

  • Amman
  • Bahrain
  • Beirut
  • Cairo
  • Casablanca
  • Damman
  • Doha
  • Jeddah
  • Johannesburg
  • Kuwait
  • Medina
  • Muscat
  • Riyadh
  • Seychelles
  • Tel Aviv
  • Zanzibar

Fly to Abu Dhabi with us or onwards to over 60 destinations across Asia, Australia, Europe, the Middle East and North America. And with no testing or quarantine in Abu Dhabi and most of our worldwide destinations, you can really make the most of your trip.

About Sweet TnT

Our global audience visits daily for the positive content about almost any topic. We at Culturama Publishing Company publish useful and entertaining articles, photos and videos in the categories Lifestyle, Places, Food, Health, Education, Tech, Finance, Local Writings and Books. Our content comes from writers in-house and readers all over the world who share experiences, recipes, tips and tricks on home remedies for health, tech, finance and education. We feature new talent and businesses in Trinidad and Tobago in all areas including food, photography, videography, music, art, literature and crafts. Submissions and press releases are welcomed. Send to Contact us about marketing Send us an email at to discuss marketing and advertising needs with Sweet TnT Magazine. Request our media kit to choose the package that suits you.

Check Also

Millionaire freelancer

How to become a millionaire freelancer: 5 legally proven ways

Making a million dollars might seem like a dream reserved for CEOs and tech moguls, …

Money problems

Money problems don’t have to weigh you down: Strategies for financial freedom

Money problems. It’s a phrase that can send a shiver down anyone’s spine, conjuring images …

Leave a Reply

Discover more from Sweet TnT Magazine

Subscribe now to keep reading and get access to the full archive.

Continue reading