Recently, the Government of St Kitts and Nevis was in London to engage with investors to promote the twin-island federation as an investment destination and to drive investment into the country.
Private investment banks, immigration law firms as well as investor immigrant agents attended the event. The Government of St Kitts and Nevis and its Citizenship by Investment Unit (CIU) received many compliments. They’ve been working together in an unprecedented manner to put St Kitts and Nevis on a sustainable inclusive growth path.
The future of citizenship by investment in St Kitts and Nevis
St Kitts and Nevis recently made substantial positive upgrades to the country’s investment immigration programme, a predominant driver of economic diversification in the island.
Speaking at the conference, Head of the Citizenship by Investment Unit, Michael Martin said
“For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry.”
“It’s imperative that the Government of St Kitts and Nevis and its Citizenship by Investment Programme (CBI) continue to adapt to the needs of our people and to attract the right kind of international investment necessary to uplift our country.”
“The benefits to the international investor remain, from the opportunity to do business no matter where you are in the world, to enjoying our nation’s stability and safe lifestyle. Our economic citizenship programme is not just designed to benefit international investors, it also boosts local industries due to hard capital flowing in and has enabled our citizens to thrive amid the global uncertainty.”
Economic and social development
The evolution of their (CBI) programme is a sign of the country’s commitment to strengthening its economy and will play a major role in enabling the country to strategically diversify the economy.
The country’s Sustainable Growth Fund for example, was established with a view to facilitating economic development and social upliftment in the country. Educational institutions and medical facilities also receive financial support from the fund.
It also provides additional funding for:
- the construction of infrastructure
- the development of local tourism
- the preservation of local culture and heritage
- and the support of sustainable growth initiatives in the country.
The CIU has created a Limited Time Offer (LTO) for a period of six months. It runs from 1 January to 30 June 2023.
Applications submitted under the LTO will benefit from the reduction of the minimum amount of contribution payable by applicants. And, they’ll also qualify for the accelerated CBI application with a shortening of the processing time. This will be shortened from 90 days from the CIU’s acknowledgement of receipt of the application to 60 days.
Thanks to its role in the economy, the St Kitts and Nevis Citizenship by Investment Programme is in a unique position to convey the attractiveness of the island’s economy to foreign investors. The programme has a reputation as a well-regulated investment migration programme. It provides the right solutions for investors where they can successfully diversify their wealth.
Strong selling points of St Kitts and Nevis include:
- pro-business policies
- well-developed financial sectors
- well-developed manufacturing sectors
- strong tourism sectors
For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry. It remains one of the most sought-after economic citizenship programmes in the world.