Wednesday, May 1, 2024

St.Kitts to further strengthen CBI

During the Prime Minister’s Press Conference with Cabinet Ministers on November 7, 2023, Prime Minister Dr. Drew assured the public that security measures for the CBI Programme have been strengthened. He outlined plans for additional security layers, emphasizing the commitment to the due diligence process and the programme’s upgrade.

“We have not laxed our security measures. As a matter of fact, we have strengthened them and we have added a new layer of security, a second layer, and we are going to add a third layer in short order,”

Hon. Prime Minister Dr. Terrance Drew.

Prime Minister Dr. Drew highlighted that an international security office has been established to actively monitor the status of individuals granted St. Kitts and Nevis citizenship. He expressed confidence that these enhanced security measures would boost international investor confidence and further establish the Federation as a responsible member of the global community.

He added, “our first thrust was to upgrade the programme, making sure all the necessary security measures are in there so that we say to our international partners in the UK [United Kingdom], the EU [European Union] or wherever they are that St. Kitts and Nevis is serious about that. As you can now see that St. Kitts and Nevis is the only Caribbean country that I know of that just recently got visa-free access to the Kingdom of Saudi Arabia. This is done after an assessment is done and it is determined that our country is safe to have that type of relation with, and that is a significant foreign policy win for St. Kitts and Nevis.”

The Government of St. Kitts and Nevis reiterates its dedication to protecting the country’s reputation and is committed to enforcing ongoing efforts to innovate and bolster the Citizenship by Investment program’s due diligence processes.

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment Journal. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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