In 1984, the Federation was the first country to launch an economic citizenship programme and, since then, it has continued to improve its quality of service and processes. The country’s newly launched Sustainable Growth Fund (SGF), announced in late March 2018, is an exciting new development for the programme, claimed to offer the “most stable and secure path to second citizenship.”
This new option for investment follows the closing of the highly successful temporary option – the Hurricane Relief Fund (HRF), which was established in September 2017.
The new features of the fund
Earlier this week, Prime Minister Dr the Honourable Timothy Harris visited Dubai with delegates from the islands to educate key Middle Eastern stakeholders on the new features of the fund. These include a US$150,000 investment for a single applicant, plus a US$25,000 investment for a spouse and a US$10,000 investment for additional dependants – all of which will be directed towards enabling the nation to prosper.
The CS Global Partners team was honoured to host a private launch at the Ritz Carlton in Dubai, where the Prime Minister and Mr Les Khan, CEO of the St Kitts and Nevis Citizenship by Investment Unit, discussed the new investment opportunities with local agents and key industry stakeholders.
A historic air services agreement
In Dubai, the Prime Minister also met with the UAE’s Minister of Foreign Affairs, His Highness Sheikh Abdullah bin Zayed Al Nahyan, with whom he concluded a historic air services agreement. The agreement will generate increased transportation links, fostering greater global mobility for citizens of the Federation, and is an example of the Government’s ongoing commitment to improving diplomatic relationships and the lives of all Kittitians and Nevisians.
Those who hold ordinary passports from the islands can enjoy visa-free travel to over 150 countries, including business hubs such as Hong Kong and Singapore.
Initiatives such as the SGF, and diplomatic missions to countries promising investment and interest in the Federation, demonstrate St Kitts and Nevis’ ability to innovate and respond to the needs of its citizens. Together with St Kitts and Nevis’ economic growth, exceeding the average growth in the Eastern Caribbean Currency Union (ECCU) region, they present an ideal picture for investors looking to find a second home.
If you wish to hear more detailed information about the Sustainable Growth Fund, please get in touch.