Michael Martin – Head of the citizenship by investment unit of St Kitts and Nevis participated in a special webinar recently. The purpose of the webinar was to discuss the significance of St Kitts and Nevis citizenship by investment programme for smart and sustainable-minded investors.
In the webinar, Martin promoted the bold strategy to attract more people to become part of the vibrant and upward-moving economy of the twin-island Federation. He discussed that the special offer on the Sustainable Growth Fund is a bold move, and would help maintain the platinum standard of the CBI programme of St Kitts and Nevis.
He said the introduction of Limited Time Offer has helped in adding a new layer of integrity to the programme, allowing it to truly speed up the country’s efforts to diversify the economy, and empower people while providing a rich base for investors.
Michael Martin added that the government of St Kitts and Nevis is working to ensure that despite the Limited Time Offer, the citizenship by investment programme remains the safe and secure choice. He also emphasized the multi-layered due diligence process.
“Last year, the government of St. Kitts and Nevis took concrete steps to update and improve some parts of the citizenship by investment programme to make sure it continues to meet the needs of a smart investor looking for a good place for their family and business,” added CIU Head Michael Martin.
Furthermore, he added that applications submitted under the LTO can benefit from the reduction of the minimum amount of contribution payable by applicants. Under the new offer, applicants no longer need to pay an additional amount for Accelerated Application Process for shortening the processing timeframe from 90 days to 60 days, at no additional cost. This offer will provide the applicant with a fasten and swift processing.
Citizenship by Investment Unit (CIU) decided to provide limited time offer on Sustainable Growth Fund (SGF) from January 1, 2023, to June 30, 2023:
US$125,000 – Main applicant
US$150,000 – Main applicant and a spouse
US$170,000 – Main applicant, spouse and two dependants
US$10,000 – Each additional dependant under 18 years
US$25,000 – Each additional dependant over 18 years
“This programme is beneficial to them in many ways, benefits to international investors include enhanced global mobility and opportunity to do business, no matter where they are in the world. It also includes enjoying our nation’s stability and safe lifestyle,” he added.
Furthermore, Martin said that funds raised from SGF not only benefit international investors but are also beneficial for the local industry will produce hard capital inflows. These funds enabled the country to survive through global uncertainty.
He said that the raised funds are further used to build schools, run educational-related activities, and develop the infrastructure to mitigate the effects of climate change.