The St Kitts and Nevis Hurricane Relief Fund
After the 2017 hurricane season, St Kitts and Nevis introduced the Hurricane Relief Fund as a dedicated route within its Citizenship by Investment programme. Why the fund mattered, what it funded, and what it became.
Fund contributions until March 30th, 2018 will be USD 150,000 for a Single Applicant and up to 3 dependents to allow ready availability of relief funds during an intense hurricane season.
In a meeting of the Cabinet on Friday, September 23, 2017, the government of St Kitts and Nevis approved a Hurricane Relief Fund to be hosted by the country’s Citizenship Investment Unit.
Under the nation’s existing CIP, a non-refundable investment of USD150,000 can be made for a Single Applicant and up to 3 dependents which will go into the Hurricane Relief Fund. Each additional dependent thereafter will be USD 25,000. The Hurricane Relief Fund option will remain operational until March 30th, 2018 and allow applicants full citizenship rights. Other government and agent fees remain as standard.
In a statement, Prime Minister, Dr the Honourable Timothy Harris said: “The ethos behind citizenship by investment is about opening up the Federation to investment that will have a direct impact on the quality of life of its citizens. The Hurricane Relief Fund is an attractive option for citizenship applicants in the way it fulfils their own desire to make a positive impact on the environment in which they are seeking to play an active part. It enables the country and its people to recover more quickly and to ensure that the infrastructure and people’s homes are fit and habitable where they have been damaged by this season’s hurricanes.”
It is hoped that the fund will grow sufficiently to be in a position to extend support to neighbouring countries in the Caribbean that have also been affected by this season’s hurricanes.
If you would like to speak privately about whether a Citizenship by Investment programme fits your circumstances, reach a senior advisor at PassPro.
Note: figures in this article are accurate as of 24 September 2017. Government programme prices and processing times change. For the current authoritative figures see our Citizenship Options page, the official government unit websites, or reach a senior advisor directly.
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