St Kitts and Nevis: Michael Martin- Head of the citizenship by investment unit of St Kitts and Nevis, called the introduction of Limited Time Offer a new layer of integrity to the CBI programme during a special webinar. He outlined the significance of the programme.
The aim of the webinar was to shed light upon the significance of St Kitts and Nevis citizenship by investment programme for smart and sustainable-minded investors. He stated that the twin-island Federation has emerged as a vibrant and upward-moving economy.
While highlighting the aspects of LTO, Martin asserted that the special offer on the Sustainable Growth Fund is a bold move and helps to maintain the platinum standard of the CBI programme.
The introduction of the Limited Time Offer also accelerated 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.
He added, “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.”
Outlining the benefits of the LTO, Michael Martin mentioned that it will benefit the applicants with the reduction of the minimum amount of contribution payable by them. Moreover, there will no longer be a 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:
USS125,000 – 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.
Martin emphasized that the fund generated by SGF benefited international investors as well as the local industry. It also helps the country survive in global uncertainty.
Various developmental works such as the building of infrastructure, running educational-related activities, and many more have been initiated with the help of the funds of SGF.
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