Saint Kitts CIP: More Applications in ’18 Than Last 4 Years Combined
During a press conference, CEO of the Saint Kitts & Nevis Citizenship by Investment Unit, Les Khan, communicate his program had received more applications in 2018 than in the preceding four years combined.
“It is most important to recognize that the number of applications has increased tremendously from the last three or four years. In 2018, we have had more applications in total, than over the last four years,” said Khan, according to SKNIS.
The number of applications in 2018 likely exceeded 2,000.
Saint Kitts make in place in 2018 a new law in order to booming the real estate sector and giving more flexibility for the investor in authorising a co-investment option for real estate (two investors splitting the cost of acquiring a US$400,000 unit)
“We will continue to see success in our real estate market and in the Sustainable Growth Fund,” said Les Khan, noting that the CIU continues to see an “increase in volume going forward and we intend to see an increase in volume on the real estate side.”