Citizenship by Investment Program of St Kitts and Nevis is recently crowned as the “World’s Number 1” in CBI Index 2021, published by PWM Magazine of Financial Times. Following the accomplishment, Prime Minister Dr Timothy Harris applauded all employees and key stakeholders for their hard work.
During a press briefing on Tuesday, he said the first position is the result of hard work; he also gave recognized the high-quality performance by CIU’s employees and key stakeholders who worked hard to maintain the platinum standards of CBI.
Prime Minister noted St Kitts and Nevis’ CBI programme is considered the most rigorous due to its due diligence requirements and is the most efficient and innovative in the world. He emphasized that despite the challenges that arose amid the contagious COVID-19 pandemic, the CBI programme performed well as compared to the federation’s expectations.
The CBI Index report examined the 14 jurisdictions on their work and services in respect to the nine significant factors/ pillars.
Following is the score of St Kitts and Nevis in all nine pillars –
Freedom of Movement- 7/10
Standard of Living- 6/10
Minimum Investment Outlay- 10/10
Mandatory Travel or Residence- 10/10
Citizenship Timeline- 9/10
Ease of Processing- 10/10
Due Diligence- 7/10
Certainty of Product- 10/10
St Kitts and Nevis, along with Dominica, obtained the first position by leaving behind 12 other nations in the CBI Index 2021. Notably, St Kitts and Nevis is the pioneer in the industry because it was the in the world to bring the Citizenship by Investment programme during the 80s.
Furthermore, during the press briefing, PM outlined that his Team Unity led government had promised a more robust and safer future to its citizens and continue to work hard.
He also highlighted several other initiatives to stimulate economic activity and provide much-needed relief to the people. The country is close to achieving its herd immunity target, as the percentage of fully vaccinated individuals rises to 63.9, and around 73.7 per cent of people have taken their first jabs of the COVID-19 vaccine.