The Prime Minister of St Kitts Hon Dr Timothy Harris, made a statement on the present Position of the CBI Programme
He announced that St Kitts CBI program is at optimistic outlook in terms of performance. The performance last year was the best.
- The CBI program is at is best, in terms of performance and last year was the best performance in this regard.
- The Real estate applications received is record high levels.
- St Kitts is exploring new innovative ideas transformation strengthening the CBI scheme.
- Government will continue enhancing the due diligence checks,
- St Kitts will continue to cooperate with governments in US, Europe and Canada and have excellent relationship with this particular program.
“The program is doing very well”, said PM Harris
In 2019, The SKN government tightened the program with new escrow rules for real estate, and introduced biometric fingerprinting of CBI applicants. The Government made it clear that under the citizenship is only granted after a full and rigorous vetting and due diligence process of the applicant.
The record number of real estate applications was attributed to St Kitts reducing the required investment from $400,000 to $200,000 .
St Kitts has one of the powerful passports in the Caribbean and the government is working on signing more visa waivers and to strengthen the passport. In 2019, the government already signed two visa waivers with Albania and San Marino.
St Kitts and Nevis took 54th spot among 190 countries in the Best Citizenships Index 2019, a study that ranks best citizenship in the world.
St Kitts and Nevis took 30th place of 126 countries in the World Justice Project’s Rule of Law Index 2019. The twin island federation ranked 2nd of the Caribbean islands for ‘Fundamental Rights’, ‘Civil Justice’, and ‘Order & Security’. This demonstrates its commitment to securing a dependable economic environment for citizens and investors alike.
St Kitts will be hosting Caribbean investment summit 2019 bringing together CBI industry professionals and experts from Jun 19-21.
St Kitts CBI scheme remains one of the oldest, most popular, platinum standard citizenship by investment schemes in the world. Those who wish to acquire citizenship can pay USD 150,000 towards Sustainable Fund and acquire citizenship for family.
St Kitts is the only country among CIP’s that has the accelerated fast track path for citizenship, which requires additional $25,000 fee and decisions are made within 60 days.
