St Kitts and Nevis Prime Minister charts new trajectory for twin-island nation at an exclusive event in Dubai

Dubai, Dec. 02, 2022 (GLOBE NEWSWIRE) — The Prime Minister of St Kitts and Nevis, Dr. Terrance Drew, set the tone for the direction his country will be taking at a recent exclusive invite–only event in Dubai.

The event was one of many engagements undertaken by the Prime Minister and his delegation which included the country's tourism minister Marsha Henderson, Attorney–General Garth Wilkin and cabinet secretaries, Dr. Marcus Natta, Sylvester Anthony and Veira Galloway.

The new administration has been leading the country since August this year following a snap election and have set bold ambitions for the twin–island federation to become a premium business hub in the Caribbean that caters to intelligent and discerning investors.

Set against the backdrop of one of the world's most notable success stories, Prime Minister Terrance Drew's first visit to Dubai, signalled his intention to drive economic growth that will make the country a notable contender on the global stage.

Much of this growth will be financed by St Kitts and Nevis' citizenship by investment programme "" the oldest programme of its kind in the world.

Speaking at the event, Prime Minister Drew said, "Since Dubai is such an important financial hub and is swiftly becoming an epicentre for the global citizen, it is fitting that I am here this evening to discuss the attributes of my special nation, and more particularly our renowned citizenship by investment programme that stands apart from others."

"In this ever–changing and unpredictable world, it is imperative that the government of St Kitts and Nevis and its citizenship by investment programme continue to adapt to the needs of our people and to attract the right kind of international investment necessary to uplift our country."

For nearly 40 years, the citizenship by investment programme of St Kitts and Nevis has had a remarkable impact on the country, generating funds that have built and upgraded hospitals, schools, roads and diversified the economy from one mainly rooted in agriculture and tourism to a fledgling manufacturing and finance–centered one.

Dubai has emerged as one of the world's most favourite economic destination for investors, consumers as well as job seekers and tourists. The resource deficient nation has galloped from a primitive social milieu and pre–industrial economic structure to reach what many have called the pinnacle of success.

Dubai derives just 6% of its GDP from oil and gas yet it has grown its economy's size, start ing around the year 2000, displaying annual monetary de velopment rates higher than even China or the Asian tiger economies.

These are some of the insights the St Kitts and Nevis delegation sought to glean from the visit. This year, St Kitts and Nevis' gross domestic product (GDP) grew by 13.39% compared to last year.

The economy of St Kitts and Nevis was traditionally depended on the growing and processing of sugar cane but decreasing world prices have hurt the industry in recent years. Tourism, export–oriented manufacturing, and offshore banking activity have assumed larger roles in the country.

The citizenship by investment programme has been a way for the government to hedge against and revitalize the faltering sugar sector while also bolstering revenue collection to better fund social programs.

With the current global environment asking more of governments around the world, the Drew administration has realized that to meet the needs of both locals and investors it needed to upgrade the programme which has been a financial pillar for the nation.

"The vision to use economic citizenship to attract international investment was innovative in 1984. The citizenship by investment programme's first major evolution 27 years later in 2011 was bold and creative. Now, in the third iteration of its evolution, in 2022, after four decades of erudition and development, we must use that same creativity and boldness to ensure that the programme transcends to the modern age; and the security infrastructure is enhanced and strengthened.

"We need to ensure that our treasured citizenship by investment programme is mutually beneficial for all stakeholders, from the people of St Kitts and Nevis, the investors themselves, to the developers, to the local service providers and the international marketing agents.

"While we have always been the benchmark of the global investor immigration industry, we understand that in order to remain as one of the most sought–after economic citizenship programmes in the world, we need to continue to evolve and forge a path for ourselves that is sustainable in the long term," added Prime Minister Drew.

The Prime Minister has been laser focused and hard at work since taking the helm and has had numerous consultations with stakeholders including local communities, developers, government officials, businesses and investors to understand where the programme was lacking and where updates needed to be made to ensure that the programme continues to meet the needs of an intelligent investment minded person looking for an enriching base for their families and businesses while also, more importantly, uplifting the Kittitian and Nevisian society through beneficial investment options that bring tangible value.

Prime Minister Drew also reassured guests at the event, which included high–level government officials, global investors, government approved agents and promoters, that stakeholders need not be apprehensive of the upcoming changes and that the programme would be guided by three fundamental principles: Sustainability, good governance and pragmatism.

The government has crafted a sustainable model that will continue to be the envy of the international community by injecting high levels of integrity. The programme has also been structured in such a way that it will allow for greater transparency and accountability, the hallmarks of the good governance framework that solidifies the foundation of any successful endeavour. And lastly, the government has tailored investment options to align with market realities while preserving the platinum brand that St Kitts and Nevis has nurtured for four decades.

Bold and innovative strides have been made to strengthen the legislative and administrative structures of the programme and to ensure that real estate projects funded by the programme are completed "" "To this end, let it be known worldwide, that St Kitts and Nevis is seeking well respected and serious investors who see the potential of our nation and who are prepared to put capital behind innovative projects, investments and industries that will enhance our palatability to global immigration investors."

Exact changes and information around the programme will be communicated in 2023.

The visit shows the world that St Kitts and Nevis is open for business and the Prime Minister has identified and discussed new areas of collaboration in advancing economic recovery, stability and reaffirming the solid foundation between St Kitts and Nevis and Dubai.


GLOBENEWSWIRE (Distribution ID 8707527)

Prime Minister Hon. Dr Terrance Drew’s Working Visit to Dubai Tells the World St. Kitts and Nevis is Open for Business

Basseterre, Dec. 01, 2022 (GLOBE NEWSWIRE) — Prime Minister of St. Kitts and Nevis, the Honourable Dr. Terrance Drew, will conduct his first working visit to Dubai in the United Arab Emirates from Tuesday 29th November 2022 to Saturday 3rd December 2022.

The Prime Minister will be accompanied by the Minister of Tourism, Hon. Marsha Henderson; the Attorney–General, Hon. Garth Wilkin; the Cabinet Secretary, Dr. Marcus Natta; Mr. Sylvester Anthony and Ms. Veira Galloway.

The visit provides an opportunity for St Kitts and Nevis to show the world that it is open for business and is ready to attract investors who seek mutually beneficial partnerships with the nation.

The Prime Minister will identify new areas of collaboration in advancing economic recovery and stability and reaffirming the solid foundation between the two countries.

The Embassy of St Kitts and Nevis will host an exclusive cocktail event on Thursday, 1st December 2022 for investors, citizens, and business partners to meet the Prime Minister and his delegation.

Dubai has successfully positioned itself as a world–class financial hub. The multicultural city has two–thirds of the world's population within reach on flights of eight hours or less, allowing it to serve as a nexus for the East and West, along with being in the heart of the Africa–Middle East–Asia triangle.

Dubai's rapid growth, strategic location, and favourable business culture have led it to gain the reputation of being the world's most sought–after business hub.

The Prime Minister's visit comes at a time when the economies of many countries are affected by the lingering impact of the COVID–19 pandemic and by the consequences of the Ukraine–Russia conflict.

The visit is also aimed at deepening relationships with important stakeholders including international investors and government–approved agents, who play a vital role in promoting and supporting the country's recently upgraded Citizenship by Investment (CBI) programme.

Since assuming office in August 2022, Prime Minister Hon. Dr. Terrance Drew has been working tirelessly to find and implement solutions that will prosper St Kitts and Nevis. The government is taking measures to sustain and enhance the image of the twin–island Federation's CBI programme by ensuring that it is more transparent and follows the principles of integrity and good governance.

St Kitts and Nevis hold the oldest citizenship by investment programme in the world, which has been vital in assisting the country in funding important economic and social projects, but it has come under scrutiny over the last few years.

The Citizenship by Investment programme is one way to direct foreign direct investment to innovative projects across the spheres of education, health, agriculture, and tourism.


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New government of St Kitts and Nevis ready to usher in new sense of cooperation and good governance, hints at changes to the country’s CBI programme

Basseterre, Nov. 16, 2022 (GLOBE NEWSWIRE) — St Kitts and Nevis welcomed a new government in August and the new administration, led by Dr Terrance Drew, is ready and determined to usher in a new sense of cooperation, good governance, and transparency "" starting with steps to improve the country's long–standing citizenship by investment (CBI) programme.

In his address on Tuesday, 15 November, marking his first 100 days in office, Prime Minister Dr Terrance Drew provided insight into the focus areas for the CBI changes, which he gave to the citizens of St Kitts and Nevis at an event held earlier today in the country's capital Basseterre.

Since winning the snap election on 5 August, Prime Minister Dr Terrance Drew has been working tirelessly for the overall development of St Kitts and Nevis and has undertaken various initiatives including the formation of a committee to combat corruption.

The new administration has presented plans for the advancement of the twin–island nation, outlining steps that will pave the way to improving the lives of its people. A large part of these plans is funded by the CBI programme which has secured foreign direct investment into the nation for nearly 40 years since it is independence.

"Our government has been relentless in our pursuit to strengthen and improve our Citizenship by Investment programme, for enhanced sustainability within a framework of integrity. We have held productive discussions with local developers and international investors alike," said Prime Minister Drew.

"There will be much stronger oversight and leadership in the CBI Unit by a new CBI Board and Technical Committee. I will announce the detailed changes at our upcoming press conference, but I want to be absolutely clear, that our evolved CBI programme will be run with the utmost transparency."

To help progress the economy, Prime Minister Drew highlighted that more oversight would ensure that the people of St Kitts and Nevis would also benefit from the CBI programme as it was intended. Plans are in place to support women in sectors like construction, to provide more support to small businesses, and to review opportunities for the development of the renewable energy sector, the processing of fish, as well as packaging and exports.

With promises to improve health care, provide more affordable housing and access to better education "" Prime Minister Drew understands that all this will be underpinned by a stronger economy.

Speaking at the event Prime Minister Drew said that while the nation has been the benchmark of citizenship by investment value proposition, the new administration understands that in order to remain one of the most sought–after economic citizenship programmes in the world, it needs to evolve and forge a new path for itself and the industry as it responds to a changing demographic.

Through ongoing consultations with all stakeholders during the exploratory phase, the new government aims to have regular engagement with local and international stakeholders in the programme to ensure it meets their salient needs.

Prime Minister Drew also emphasised how his government is on a journey to bring clarity to locals and international investors through constant transparency and integrity. "Our ongoing work to strengthen this programme and the system must result in prosperity for all."

Consultations with stakeholders have led to the development of committees to supervise the process and implement strengthened legislative and administrative structures to prevent "underselling" and ensure that real estate projects funded by the CBI programme are completed.

The government's plan is to maintain a progressive programme that cements St Kitts and Nevis' place as a leader in the CBI Industry.

The government is also seeking out reliable and trustworthy developers who are ready to put capital behind creative and strong projects that will enhance St Kitts and Nevis' CBI offering.

St Kitts and Nevis holds the oldest citizenship by investment programme in the world "" established in 1984, the programme currently allows investors to gain second citizenship by donating to a government fund or by investing in real estate.

The government fund channels investment to projects that will uplift the country and has enabled, in part, sectors such as health, education, tourism, business, and agriculture to flourish.


GLOBENEWSWIRE (Distribution ID 8698419)

Government of St Kitts and Nevis does NOT accept cryptocurrency as a form of payment for its Citizenship by Investment programme

Basseterre, Nov. 14, 2022 (GLOBE NEWSWIRE) — The government of St Kitts and Nevis, along with the Citizenship by Investment Unit of the country, have refuted claims that investors interested in gaining citizenship to the country can pay using cryptocurrencies such as Bitcoin.

The St Kitts and Nevis citizenship by investment programme is the oldest in the world, having been established in 1984 "" it has been providing investors from across the globe with one of the quickest, easiest, and most affordable routes to second citizenship.

Underpinned by a robust multi–layered due diligence process undertaken by international security firms from the USA and the UK, investors need to go through a formal application process consisting of eight main steps, which include:

  • Step 1: Pre–approval by a verified St Kitts and Nevis government agent and preparation of the application
  • Step 2: Submission of the citizenship application
  • Step 3: Application processing by the Citizenship by Investment Unit and internal and external due diligence checks
  • Step 4: Approval in principle letter issued
  • Step 5: Contribution to either the Sustainable Growth Fund or pre–approved real estate
  • Step 6: Bank clearance of source of funds
  • Step 7: Certificate of Registration issued
  • Step 8: Citizen can apply for a St Kitts and Nevis passport

Throughout the whole process, an investor will engage with an approved government agent who will facilitate the application and any payments will be made via registered banks using fiat money – a government–issued currency that is not backed by a commodity such as gold. An example would be the United States Dollar, Euro or Chinese Yuan.

Investors cannot make payments to a government–approved agent or the Citizenship by Investment Unit by using cryptocurrencies directly. These would need to be liquidated into fiat currency first and an applicant would need to provide a supporting affidavit regarding their source of funds as part of the application process.

St Kitts and Nevis has not yet passed any legislation regarding cryptocurrency. The country is participating in the Eastern Caribbean Central Bank (ECCB) pilot program, which aims to study the utilisation of cryptocurrency as a fiat currency.

The program's purpose is to provide a safe and secure digital financial system by utilising the advantages of blockchain and is designed to exemplify the viability and functionality of the ECCB's ability to issue Digital Eastern Caribbean Dollars.

The ECCB is the fiscal authority for the Eastern Caribbean Currency Union (ECCU).

Speaking at the Electronic Cash Conference 2022, which was held on November 12 2022, Prime Minister of St Kitts and Nevis, Dr Terrance Drew, expressed that while Bitcoin Cash "" another form of cryptocurrency "" is used as a method of tender by some businesses in the country, due diligence checks are presently being prioritised by his government ahead of any major decision concerning that cryptocurrency's official use.

Prime Minister Drew stated that the financial safety and security of citizens is a matter of high priority, and the government, with the guidance of the ECCB, is prepared to explore the possibility of Bitcoin Cash being introduced as legal tender in the local financial space.

The Prime Minister explained that once all the crucial financial safeguards were in place, Bitcoin Cash could become accepted legal tender in St Kitts and Nevis by March 2023.

Benefits of gaining second citizenship to St Kitts and Nevis

Citizenship by Investment is a legal process to grant individuals "" and, in some cases, their families "" dual citizenship in exchange for a financial contribution to the country's economy. The initiative permits countries to channel generated funds into developing healthcare, education, infrastructure, and more.

Being a citizen of St Kitts and Nevis offers investors a myriad of benefits including family reunification, global mobility, enhanced security, and increased economic opportunities.

St Kitts and Nevis offers award–winning and internationally acclaimed education institutions like veterinary and medical universities, attracting global–minded professionals. People from all over the world come to St Kitts and Nevis, over a million a year to be exact, because of its booming tourism sector.

In recent years, the nation has seen growing numbers of American visitors. Around 1,000 US citizens currently reside on the islands. Now, with more work–from–home policies than ever, many see the Caribbean as the perfect destination to get away from the bustle of big cities while continuing to be connected when business calls.

In addition to citizenship and global mobility, St Kitts and Nevis offers its citizens who choose to become tax residents a wide variety of insurance services in a tax–friendly environment. For example, the country guarantees financial privacy by not making any information about offshore business owners and top managers public.

Portfolio diversification is the first step in dispersing your investments so that your exposure is not limited to just one type of asset. An investment in property in St Kitts and Nevis would allow you to diversify your investment portfolio and potentially make a return upon selling that your share in real estate after the end of the minimum hold period.

This will also ensure that you retain a certain amount of your wealth outside of your home country. In uncertain political and economic climates, knowing that a portion of your portfolio is free from the grips of a potentially corrupt government can give you tremendous peace of mind.


GLOBENEWSWIRE (Distribution ID 8696223)

St Kitts and Nevis creates new opportunities for business by rooting out corruption

Basseterre, Nov. 09, 2022 (GLOBE NEWSWIRE) — The new administration of St Kitts and Nevis is committed to rooting out corruption and providing fertile new ground for business with its Anti–Corruption Act.

The Prime Minister of St Kitts and Nevis, Terrance Micheal Drew is looking to unleash the full potential of the country through proactive policymaking, instilling good governance and eradicating corruption. In this way, the government sees the new Anti–Corruption Act as one step towards reactivating its infrastructural and social growth and building a more resilient and inclusive economy.

The proposed Act will enable the appointment of a Special Prosecutor who will examine and prosecute criminal acts of corruption in the civil services, statutory boards and government–owned companies.

St Kitts and Nevis's anti–corruption efforts are thus an essential part of a broader plan to attract international business and investors to the country. The country's focus on ensuring ease of business and eradicating corruption has, in particular, generated significant interest from West African investors who are eager to launch their businesses overseas.

The wider aim of the anti–corruption drive is to promote ease of business in the country, with St Kitts and Nevis inviting investors to be part of its economic development. The government under the leadership of Prime Minister Drew, is specifically focused on formulating policies that attract Foreign Direct Investments (FDIs) to the country.

While corruption is a global problem, the Corruption Perception Index (CPI) ranks sub–Saharan African as having notably high levels of perceived corruption. In West Africa, particularly Nigeria, corruption has become a massive obstacle to business, undermining public trust, distorting markets and increasing costs to firms.

PricewaterhouseCoopers (PwC), a leading professional services network headquartered in London (UK), recently published a study indicating that Nigeria's corruption could cost it up to 37% of its GDP by 2030 if it's not dealt with immediately. The report further highlights the significant impact of corruption on Nigerians "" including its wide–ranging effects on finance, business investment and standards of living.

All these difficulties are prompting West African investors to look further afield for business opportunities that offer safe and profitable returns. Many of these investors are turning to St Kitts and Nevis.

As an indicator of its commitment to citizens and investors, the government of St Kitts and Nevis is taking strict and serious action to ensure transparency in government. These measures and the general ease of doing business in the country are proving attractive to Nigerian investors who, facing a difficult situation at home, are looking to expand their horizons.

Meeting this interest is St Kitts and Nevis's Citizenship by Investment Programme (CBI). For nearly four decades the programme has been inviting people to invest in the country as a route to gaining citizenship. Through an investment in the country's Sustainable Growth Fund (SGF), investors are granted alternative citizenship, including the ability to conduct business freely in the country.

The CBI programme also helps investors to gain access to the world's most exclusive markets, assisting with the expansion of business beyond national borders. Since St Kitts and Nevis is just a short flight away from the USA, citizens have the additional benefit of easy accessing the international community.

Alternative citizenship in St Kitts and Nevis is therefore becoming a crucial part of many individuals' wealth diversification plans. Prospective Nigerian investors are viewing it as a means to preserve their wealth within an economically stable context, appreciating that St Kitts and Nevis's economy is growing and free from the political and social conflicts that impact financial growth.

Along with a safe and corruption–free environment, St Kitts and Nevis offers a number of advantages to investors in its CBI programme. These include hassle–free global travel, citizenship for life which can also be passed on to future generations, a smooth and straightforward application process with the ability to add additional dependants to one application, possibilities for wealth diversification, and a host of new business opportunities.

Despite being the smallest country in the Western hemisphere, St Kitts and Nevis has been proving its potential to foreign investors. With a hospitality and service industry that has garnered international critical acclaim, the country also boasts one of the most robust and modernised public health infrastructures in the region.

St Kitts and Nevis's education system now also offers advanced learning possibilities for all its citizens. This has proved a distinct benefit to investors, since the country allows investors the ability to pass their citizenship on to future generations. Thus investors and their families can enjoy the various rights and advantages open to those born in the country.

But it is not only Nigerians who have been thinking about personal wealth solutions in an unstable political and economic environment. Given the recent turmoil and instability of global markets, investors from around the world have been looking to St Kitts and Nevis's CBI programme as a "Plan B" that can ensure financial and personal security.

Many investors have found that living in St Kitts and Nevis has had a positive impact on their mental health. Not only does the country provide its inhabitants with a tranquil environment of beaches and mountains to explore, but with the security and stability required to grow a business or provide for a family. As St Kitts and Nevis rolls out its good governance and transparency agenda, investors look on keenly to partake in its future.


GLOBENEWSWIRE (Distribution ID 8692970)

St Kitts and Nevis – the perfect choice for astute investors concerned about global instability

BASSETERRE, Saint Kitts and Nevis, Oct. 11, 2022 (GLOBE NEWSWIRE) — The world is changing and is at an unpredictable place. The aftermath of the global pandemic has plagued the world with instability and many people are looking for options to escape the challenges and restrictions imposed by their countries of origin. At some point in life, almost everyone has fantasized about escaping from their highly stressed lives to live in the peaceful and calm surroundings of a beautiful island. Making this dream a reality is now more accessible than ever before as the world rallies to recover from the devastation caused by the Covid–19 pandemic.

Instability caused by political conflict or malfunctioning societies has been experienced by both developing and developed countries. With the world in crisis and a number of protectionist regimes gaining power, exacerbated by tightening of borders and increased measures to prevent flight out of capitals, people feel like their freedom is under threat. In these situations, looking to relocate to a different country while seeking peace and stability is neither a far–fetched thought nor a selfish act. Families and entrepreneurs who have both the resources and the will to relocate to a different country, seeking better opportunities and living conditions for themselves and their families, are one of the most well–suited groups for investing in CBI programmes offered by a number of countries throughout the world.

St Kitts and Nevis, located in the Eastern Caribbean, is one of the most sought–after destinations when it comes to travel and tourism. But in addition to that, the country is home to the world's first and one of the most trusted Citizenship by Investment Programmes. With a stable, safe and peaceful environment, it is a welcome space for those who choose to make it their home.

The CBI Programme of St Kitts and Nevis was launched in 1984 and has been the pride of the Caribbean ever since. The idyllic islands' stunning natural beauty, rich history, and friendly locals make it a perfect destination for people looking for the traditional Caribbean experience.

The island nation in the western hemisphere has become a favourite destination for wealthy people from countries in East Africa, and it is especially attractive to High Net Worth Individuals (HNWIs) globally.

East Africa includes a diversified set of nations, with these countries not only home to many HNWIs, but also a wide range of issues that might cause internal conflict or instability. At least three East African nations, including Kenya, are among the seven most populous nations on the continent, thus making the area into one of the fastest–growing populations in the world.

However, at the same time, the East–African region is plagued with a number of concerns, which make the area less desirable. Over the last few years, East Africa has experienced insecurity, a lack of stability and good governance. The nations in the East Africa have, for a long time, struggled to cope with and resolve some major security concerns such as security breaches, widespread terrorism, and disputes. With these challenges individuals question whether their home country is the ideal environment to raise a family, start a business or invest ones wealth.

High Net Worth Individuals residing in such a political area often find it easier and more comfortable to switch to a more peaceful and stable nation. The friendly and peaceful shores of St Kitts and Nevis are an ideal destination for individuals seeking a respite from the chaos of the world.

St Kitts and Nevis is jointly managed via the efforts of the Governor–General, who is the crown's official representative in the country, along with the Prime Minister of St Kitts and Nevis, and the Premier, who is responsible for overseeing the management and administration of Nevis Island.

The distribution of power between the three entities who are answerable to the people of the federation, ensures that there is a fair distribution of power amongst the representative entities. As a result, St Kitts and Nevis is able to provide a politically stable home to those who seek to invest in the CBI Programme of the country to attain alternative citizenship.

The country has a deep–rooted history which has been passed down through generations of people who lived on the islands and has for generations attracted historians and enthusiasts of history to its shores.

The CBI Programme of St Kitts and Nevis provides an opportunity to obtain alternative citizenship for the investor and their family. An investor's spouse, children, parents and siblings are eligible for citizenship along with the investor. Another benefit is that once a person has citizenship of St Kitts and Nevis, children can inherit citizenship from their parents.

Many countries all over the world have been dubbed insensitive and non–inclusive of a certain group of people; accordingly, people find it hard at times to ensure their safety and the safety of their families. St Kitts and Nevis is a country of inclusivity and provides citizens with a place they can live their life the way they want without the fear of discrimination. St Kitts and Nevis is known for its welcoming and warm nature to all those who grace its shores, whether for tourism or citizenship.

As one of the oldest CBI programmes on offer in the Caribbean, St Kitts and Nevis has been recognised several times as the best running CBI Programme in the world. In 2022 the Professional Wealth Management Magazine, a publication of the Financial Times, ranked it jointly as the number one programme in the 2022 CBI Index Report. Amongst others it was recognised for its "Ease of Processing" and "Due Diligence" Pillars.

In a time when the world is less certain than ever before and where a growing number of people are considering their options, relocating to St Kitts and Nevis to enjoy the peace, stability and opportunities afforded by the country seems to be the perfect option for a number of high net worth individuals, for economic, financial, political and social reasons.

Alternative citizenship of St Kitts and Nevis emerges as a platform to alleviate the risk of uncertainty and works as an insurance policy. There is no better plan than having the option to set up a new home and escape to a better lifestyle.

Like every other person on the planet, people from East Africa require alternative citizenship to protect their families and in a secure and stable environment. It offers peace of mind in an uncertain world "" it's the perfect backup plan (Plan B).

Contact Information:
St Kitts and Nevis PR
pr@csglobalpartners.com
T: (1–869) 467 1474


Owner of the longest standing CBI programme, St Kitts and Nevis, takes top spot at this year’s annual CBI Index

Basseterre, Aug. 24, 2022 (GLOBE NEWSWIRE) — The Caribbean nation of St Kitts and Nevis tops this year's CBI Index rankings for offering one of the best citizenship by investment (CBI) programmes in the world.

St Kitts and Nevis was rated against 12 other countries with operational CBI programmes, which, in 2022, include Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Lucia, Turkey and Vanuatu.

The CBI Index, published by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners, is a rating system designed to measure the performance and appeal of global CBI programmes across a diverse range of indicators and its purpose is to provide a rigorous and systematic mechanism for appraising programmes in order to facilitate the decision–making process for individuals considering them, and to bring value to the CBI industry

The primary methodological objective of the CBI Index is to isolate pillars that measure CBI programme features and jurisdictional desirability. The nine pillars that constitute this year's CBI Index include: Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and, Certainty of Product.

The country received full marks "" 10 out of 10 in the Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product pillars.

The Mandatory Travel or Residence pillar examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship.

St Kitts and Nevis, along with the rest of the Caribbean countries, does not have any travel or residency requirements for CBI applicants. This makes it easy for busy entrepreneurs to continue running their businesses and still be eligible to get their second citizenship while not having to fulfil any minimum stay requirements.

St Kitts and Nevis scored top marks for the Citizenship Timeline pillar "" which looks at the average time taken for citizenship to be secured by the applicant "" due to the Accelerated Application Process where for an additional fee, an applicant can obtain their citizenship within a maximum of 60 days instead of the standard processing time of approximately three months.

Ease of Processing measures the end–to–end complexity of the CBI application process. St Kitts and Nevis makes the process of obtaining citizenship easy and straightforward, the country has an official government website and a dedicated CBI unit. It has also done away with burdensome application requirements such as interviews, language, culture or history tests, proof of minimum business experience and evidence of the purchase of tangible or intangible assets.

The overall effortlessness of the application process is a particularly important component, and the promise of a smooth, hassle–free process can generate readiness to engage with a programme.

One of the areas where Caribbean nations really differentiate their programmes, is the area of due diligence. St Kitts and Nevis' due diligence process is multi–faceted and is undertaken by the country's CBI unit, law enforcement and external third–party due–diligence agencies from the UK and USA. This ensures that the process is stringent and comprehensive, applicants are required to provide either fingerprints or a biometric passport, police certificates from both an applicant's country of residence as well as their country of citizenship and comprehensive supporting information in respect of an applicant's source of funds.

The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application. St Kitts and Nevis retains a perfect score for their family friendliness as, in addition to a main applicant, they allow the applicant's spouse, children under 18 and over 18 in certain circumstances, siblings, parents and grandparents of both the main applicant or their spouse to be included in an application.

St Kitts and Nevis' CBI programme is one of the oldest in the industry, having been established in 1984, it assures investors of a certainty of product. The CBI Index measures certainty across five different dimensions: longevity, popularity and renown, stability, reputation, and adaptability "" aspects which St Kitts and Nevis' programme can tick off confidently.

In the 2022 CBI Index, the Freedom of Movement pillar measures the relative strength of each country's citizenship based on three equally weighted factors: the number of destinations to which a country's passport allows travel without restriction, the number of prime business hubs to which it provides access, and the degree to which a given citizenship provides settlement rights in other nations. St Kitts and Nevis scored a seven out of 10 in this area as it offers visa–free or visa–on–arrival access to 156 countries.

The Minimum Investment Outlay pillar measures one of the most practical and foremost considerations of CBI: how much capital is required for the investor to become an eligible applicant for the programme of their choosing.

St Kitts and Nevis offers one of the most affordable routes to alternative citizenship, and even though it ended its limited time offer of US$150,000 for a family of four at the end of December 2021, it did not impact its score, five out of 10, as the scores are based on minimum investments for a single applicant.

The St Kitts and Nevis CBI programme is a family–friendly route for those looking for a reputable and trusted programme that prioritises both applicants and its citizens "" the stringent due diligence process upon application ensures that only honest hard–working families are approved. The citizenship can also be passed down to future generations, giving investors who want to leave a legacy, peace of mind.

Download the full CBI Index here, to get further insights into the CBI industry and a full evaluation of the CBI programmes of the 12 other jurisdictions in the rankings.

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Owner of the longest standing CBI programme, St Kitts and Nevis, takes top spot at this year’s annual CBI Index

Basseterre, Aug. 24, 2022 (GLOBE NEWSWIRE) — The Caribbean nation of St Kitts and Nevis tops this year's CBI Index rankings for offering one of the best citizenship by investment (CBI) programmes in the world.

St Kitts and Nevis was rated against 12 other countries with operational CBI programmes, which, in 2022, include Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Lucia, Turkey and Vanuatu.

The CBI Index, published by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners, is a rating system designed to measure the performance and appeal of global CBI programmes across a diverse range of indicators and its purpose is to provide a rigorous and systematic mechanism for appraising programmes in order to facilitate the decision–making process for individuals considering them, and to bring value to the CBI industry

The primary methodological objective of the CBI Index is to isolate pillars that measure CBI programme features and jurisdictional desirability. The nine pillars that constitute this year's CBI Index include: Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and, Certainty of Product.

The country received full marks "" 10 out of 10 in the Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product pillars.

The Mandatory Travel or Residence pillar examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship.

St Kitts and Nevis, along with the rest of the Caribbean countries, does not have any travel or residency requirements for CBI applicants. This makes it easy for busy entrepreneurs to continue running their businesses and still be eligible to get their second citizenship while not having to fulfil any minimum stay requirements.

St Kitts and Nevis scored top marks for the Citizenship Timeline pillar "" which looks at the average time taken for citizenship to be secured by the applicant "" due to the Accelerated Application Process where for an additional fee, an applicant can obtain their citizenship within a maximum of 60 days instead of the standard processing time of approximately three months.

Ease of Processing measures the end–to–end complexity of the CBI application process. St Kitts and Nevis makes the process of obtaining citizenship easy and straightforward, the country has an official government website and a dedicated CBI unit. It has also done away with burdensome application requirements such as interviews, language, culture or history tests, proof of minimum business experience and evidence of the purchase of tangible or intangible assets.

The overall effortlessness of the application process is a particularly important component, and the promise of a smooth, hassle–free process can generate readiness to engage with a programme.

One of the areas where Caribbean nations really differentiate their programmes, is the area of due diligence. St Kitts and Nevis' due diligence process is multi–faceted and is undertaken by the country's CBI unit, law enforcement and external third–party due–diligence agencies from the UK and USA. This ensures that the process is stringent and comprehensive, applicants are required to provide either fingerprints or a biometric passport, police certificates from both an applicant's country of residence as well as their country of citizenship and comprehensive supporting information in respect of an applicant's source of funds.

The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application. St Kitts and Nevis retains a perfect score for their family friendliness as, in addition to a main applicant, they allow the applicant's spouse, children under 18 and over 18 in certain circumstances, siblings, parents and grandparents of both the main applicant or their spouse to be included in an application.

St Kitts and Nevis' CBI programme is one of the oldest in the industry, having been established in 1984, it assures investors of a certainty of product. The CBI Index measures certainty across five different dimensions: longevity, popularity and renown, stability, reputation, and adaptability "" aspects which St Kitts and Nevis' programme can tick off confidently.

In the 2022 CBI Index, the Freedom of Movement pillar measures the relative strength of each country's citizenship based on three equally weighted factors: the number of destinations to which a country's passport allows travel without restriction, the number of prime business hubs to which it provides access, and the degree to which a given citizenship provides settlement rights in other nations. St Kitts and Nevis scored a seven out of 10 in this area as it offers visa–free or visa–on–arrival access to 156 countries.

The Minimum Investment Outlay pillar measures one of the most practical and foremost considerations of CBI: how much capital is required for the investor to become an eligible applicant for the programme of their choosing.

St Kitts and Nevis offers one of the most affordable routes to alternative citizenship, and even though it ended its limited time offer of US$150,000 for a family of four at the end of December 2021, it did not impact its score, five out of 10, as the scores are based on minimum investments for a single applicant.

The St Kitts and Nevis CBI programme is a family–friendly route for those looking for a reputable and trusted programme that prioritises both applicants and its citizens "" the stringent due diligence process upon application ensures that only honest hard–working families are approved. The citizenship can also be passed down to future generations, giving investors who want to leave a legacy, peace of mind.

Download the full CBI Index here, to get further insights into the CBI industry and a full evaluation of the CBI programmes of the 12 other jurisdictions in the rankings.

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Citizenship by Investment programme becomes catalyst in development of St Kitts and Nevis

Basseterre, June 20, 2022 (GLOBE NEWSWIRE) — Despite being the smallest country in the Western Hemisphere, the twin–island Federation of St Kitts and Nevis gave the world its first economic citizenship programme in 1984. It provides alternative citizenship in exchange for a financial contribution to the country's economy.

St Kitts and Nevis is well–known across the world for its pristine beaches and sheer blue waters; it is also among the most stable economies in the region, with tourism being the major source of income. The stability and tranquil environment of the country enable it as an ideal location for people seeking alternative citizenship. There is no denying that the CBI programme of the country offers a much–needed injection of foreign direct investment, often in a way that can make significant developmental differences.

The twin–island nation is indeed home to the world's longstanding economic citizenship programme and has been providing alternative citizenship for more than three decades. The Citizenship by Investment Programme of the country is the oldest programme across the globe. The CBI Programme guarantees platinum standards with increased mobility, sustainable investment opportunities and greater economic freedom for successful applicants.

For St Kitts and Nevis, the citizenship by investment programme has a vital role to play in its socio–economic development. The programme is crucial for funding many projects. As per the CBI experts, the alternative citizenship of St Kitts and Nevis country is the most powerful in the region and provides access to more than 75 percent of the world. Not only this, but the citizenship is granted for life to the applicants with the ability to add additional dependents.

The citizenship by investment programme has been lauded for its stringent, vigorous and robust due–diligence background checks. The multi–layered background checks are carried out internally by the citizenship by investment unit based on the original and certified supporting documents an agent submits with your application, as well as externally by the third–party firm. The government of St Kitts and Nevis has hired the world's top–tier independent third–party agencies to check the character, source of investment, and documents of applicants. The checks are not only limited to online information, but also does thorough on–ground examinations to ensure that a person of only the highest character is granted citizenship. The background checks help maintain the integrity of the programme and also ensure national and international security.

The CBI Programme has earned multiple awards and a reputation as the 'platinum standard' of CBI. The Financial Times' PWM magazine lauded Citizenship by Investment Programme of St Kitts and Nevis in the CBI Index. According to the nine pillars of the CBI Index of 2021, St Kitts and Nevis have been ranked first for “Citizenship Timeline”, “Due Diligence”, and “Family”.

Interested candidates may apply for alternative citizenship of the nation through the Sustainable Growth Fund (SGF), which is known as the Fund Option. It is considered the fastest investment option, launched in 2018 by Prime Minister Dr Timothy Harris. Through SGF, an applicant may contribute to the growing economy of St Kitts and Nevis. St Kitts and Nevis CBI Programme create opportunities for investors and the local community to drive economic growth and build a sustainable future.

The applicant has to follow basic steps to apply for the alternative citizenship of the twin–island Federation –

Step 1: Choose an alternative agent across the globe

Step 2: Complete the applications and documentation

Step 3: Due Diligence

Step 4: If your application is selected, proceed to payment

Step 5: Certification

Located in the Caribbean region, St Kitts and Nevis is easily accessible by cruise ships and planes. The nation is known as the region's best–kept secret. The stunning beauty, rich history and friendly locals make the country a perfect must–visit travel destination. The nation has been regarded "splendid" due to the seven factors "" volcanoes, mountains, coral reefs, protected areas, coastlines, rainforests, and glaciers.

St Kitts is known to be party–friendly and Nevis is all about peace and nature. The Caribbean country will attract the tourists with fascinating activities, including bobbing yachts, swaying palm trees, and jaw–dropping sunset sights. The tourists may also enjoy the warm local feel, island's rich history or kick back at one of the many incredible resorts.

St Kitts and Nevis, two islands have been separated by a two–mile channel, which is popularly called "Narrows". The tourists may easily travel between both the nations through excellent ferry services which accommodates both persons and cars. Both are regarded as quaint in nature with cobbled sidewalks and a wealth of history on display. These islands offer magnificent historical sites and landmarks to explore, including the Circus Monument, which adorns Fort Street, the main thoroughfare in Basseterre and the Museum of Nevis History in Charlestown. The Brimstone Hill Fortress and National Park is acclaimed as the largest fortress in the Eastern Caribbean and is designated as a UNESCO World Heritage Site.


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Accelerated Application Processing (AAP) fast tracks Citizenship by Investment applications

Basseterre, May 13, 2022 (GLOBE NEWSWIRE) — The Citizenship by Investment Programme of St Kitts and Nevis is recognized as the fastest, safest, and most secure globally. It is the only CBI Programme that allows applicants to opt–in for an Accelerated Application Processing (AAP).

Since 1984, St Kitts and Nevis – the smallest country in the Western Hemisphere allowed individuals and their families to legally obtain citizenship in exchange for a financial contribution to the country's economy.

St Kitts and Nevis, the twin–island country in the eastern Caribbean region, is known for its sandy beaches, coral reefs as well as mesmerizing silver beaches. It has been nicknamed “Paradise of the Caribbean.”

The country is well–liked by tourists because of its stunning and beautiful sights. Tourists may be welcomed to its shores through cruise ships, and it has now established itself as one of the leading destinations for cruise ship passengers.

The exquisite twin–island Federation introduced the world's long–lasting, safe, and most secure citizenship by investment programme which ranked as the world's best by the CBI Index published by PWM Magazine of Financial Times.

Being one of the most efficient CBI Programmes, it is considered the “platinum standard” of CBI worldwide. It is now popular for helping the government of St Kitts and Nevis in running the social and economic activities in the country.

Key benefits of St Kitts and Nevis alternative citizenship:

  • Global mobility
  • Lifetime citizenship
  • Citizenship legacy
  • Alternative citizenship and citizenship for your family members
  • Dual citizenship benefits
  • Processing time is only three months
  • Free movement in the CARICOM

The Citizenship by Investment Programme of St Kitts and Nevis has been lauded for offering a guaranteed fast–track route to alternative citizenship, known as the Accelerated Application Process (AAP).

The Accelerated Application Process (AAP) fast–tracks applications, and if the applicant passes the due diligence process, they can receive citizenship in as little as 60 days from the submission of an application. Any applicant can get AAP on their application by paying an additional amount of government fee, which is as follows:

  • Main applicant– USD 25,000
  • Any family member aged 16 or over USD 20,000

It must be noted that whether applying for the AAP option or going through the normal route, all applicants undergo the same level of rigorous due diligence processing.

St Kitts and Nevis uses a multi–layered due diligence system, combining internal government checks with research by specialist third–party due diligence firms, and assessments by regional and international bodies.

The rigour put around due diligence ensures that individuals of only the highest integrity are successful.

The applicants can apply for citizenship of St Kitts and Nevis Citizenship through the widely used investment option, the Sustainable Growth Fund (SGF), which is also known as Fund Option. The revenue from the SGF is used to run several socio–economic initiatives in the Federation. The government established the Fund Option in the year 2018.

The investments received under “Fund Option” have provided multiple benefits to the twin–island Federation; such as:

  • Ensuring the health and well–being of a growing population
  • Enhancing the quality of education
  • Developing climate resilience, protecting the twin–island against the future effects of climate change
  • Constructing solid and resilience infrastructure that will stand the test of time
  • Promoting St Kitts and Nevis' thriving tourism industry
  • Publicizing the different cultural savour of the people

The alternative citizenship of St Kitts and Nevis can be attained by the following eligibility criteria are qualified by the investor:

  • The investor must not have involvement in any criminal record
  • The character of the applicant must be outstanding.
  • The high personal net worth of the applicant must be high.
  • The applicant must not make investments through any foul means.
  • The minimum age of the investor must be more than 18 years.

Individuals who are keen to apply for alternative citizenship may invest in the CBI Programme of St Kitts and Nevis as it has been ranked as the world's fastest, most secure in CBI Index, published by Financial Times' Professional Wealth Management magazine.

The CBI Programme of St Kitts and Nevis got a perfect score for the robust and stringent due–diligence background checks. The government makes sure that each and every application undergoes strict background checks so that only reputed as well as honest investor attains citizenship.


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