St Kitts and Nevis ranks top in CBI programme assessment by FT’s CBI Index

The world’s most longstanding economic citizenship programme of St Kitts and Nevis has gained a massive rank as it is positioned as the best citizenship by investment programme in 2021.

CBI Index St Kitts and Nevis

St Kitts and Nevis: The world’s most longstanding economic citizenship by investment (CBI) programme of St Kitts and Nevis has gained a massive rank as it is positioned as the best citizenship by investment programme in 2021.

CBI Index, Published by Financial Times’ PWM magazine, has ranked St Kitts and Nevis on top position in the world, offering exemplary citizenship by investment programme. The Federation, which has more than 35-years history of leading the field of economic citizenship and had earned multiple international awards and reputation as the ‘platinum standard’ of CBI.

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Nine pillars assessment under the CBI Index has place St Kitts and Nevis on top position with 80 points (89%) overall in all 9 pillars, however the Federation is listed on top in 5 pillars with 10 points, such as: Mandatory Travel or Residency, Citizenship Timeline, Ease of Process, Due Diligence and Family.

Points table of CBI Index
Points table of CBI Index

In Certainty of Product and Minimum Investment Outlay, St Kitts and Nevis successfully gained 9 points each. In Freedom of Movement and Standard of Living, the country was given 7 and 5 points, respectively.

Citizenship by Investment programme of St Kitts and Nevis does not require any travel during the citizenship application process. Although, the Federation is the only country with a guaranteed fast-track process (Accelerated Application Process), which provides citizenship in only 60 days to qualifying applicants and in some cases the process might take only 45 days. For applicants who wish not to go for the Accelerated Application Process, St Kitts and Nevis also gives a minimum timeline of only 3 months in the standard process.

The twin-island nation also provides best in class ease of processing with a straightforward CBI applicant process. It does not burden the applicants with mandatory interviews, examinations or requirements to demonstrate business acumen. Moreover, St Kitts and Nevis also has a dedicated unit to handle all matters related to citizenship or its applications and processes. The country also boasts an up-to-date programme website and a clear and simple process, unlike other CBI offering countries requiring applicants to go through language and history and culture tests.

St Kitts and Nevis’ Citizenship by Investment Programme tops the CBI Index ranking for the first time since the report’s inception.
St Kitts and Nevis’ Citizenship by Investment Programme tops the CBI Index ranking for the first time since the report’s inception.

Since the introduction of the CBI Index in 2017, St Kitts and Nevis successfully earned the top rating in the Due Diligence procedure, with applicants having to undergo multiple layers of vetting, including external checks by two reputable due diligence firms.

The stringent procedure is credited to the wise administration of Prime Minister Dr Timothy Harris. “We have long been industry leaders and our trusted programme reflects the importance of a stringent due diligence process,” said PM Harris after achieving the milestone of best citizenship by investment offering country.

The Federation has also gained full points in the Family assessment pillar after it widened its definition of the dependant to include siblings aged 30 or under, who are unmarried, childless and financially dependent on the main applicant of citizenship application.

The 9 points in certainty of product is an outcome of St Kitts and Nevis’ ability to adapt to present need and to attract a high number of investors.

CEO of the CBI Unit, Les Khan said that St Kitts and Nevis citizenship by investment programme is one of the oldest options on the market and has stood the test of time, evolving to meet the developing requirements of investors – more particularly over the last year. “Reports ranking of the programme is a reaffirmation of why investors continue to choose our nation (St Kitts and Nevis).”

St Kitts and Nevis currently offers wide range of opportunities to investors with freedom of movement to nearly 160 countries around the world. The number is scaling high due to the untiring efforts of Mark Brantley, Minister of Foreign Affairs.

CBI Unit also introduced a limited period offer till 31 December 2021, under which families of up to four can acquire citizenship by contributing US $150,000 towards the Sustainable Growth widely known as Fund Option.

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