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The evolution of the St. Kitts and Nevis Citizenship by Investment program is a win-win solution for investors and locals alike.
Saint Kitts and Nevis under a new government. As of August, new Prime Minister Dr. Terrance Drew has been working tirelessly with his team to forge a new path for the country to prosper socially and economically. Much of the progress will be driven by improved citizenship by investment schemes.
For almost 40 years, St. Kitts and Nevis has been able to grow its economy through its Citizenship by Investment program, which directs funds towards meaningful initiatives such as healthcare development, infrastructure upgrades and various other projects that enhance the country.
St. Kitts and Nevis is the cradle of citizenship by investment and is regarded as the platinum standard in the industry, however, to continue and improve, changes will be needed.
Prime Minister Drew will host government representatives, dignitaries, global investors and media at an exclusive event in Dubai on December 1. Stakeholder engagement is crucial when managing citizenship change through investment schemes and this will certainly be welcomed by the new government.
On her 100th day in office, Prime Minister Drew presented a plan to boost the twin-island nation, outlining steps to pave the way for better lives for its people.
The upgraded citizenship by investment scheme will be backed by stronger oversight, with a new CBI board and technical committee to oversee CBI departments. This is to ensure that all projects carried out by the sector are run with the utmost transparency, that all projects are completed on time and within budget, and most importantly, that funds for the program are allocated correctly to the local population.
To help the economy, Prime Minister Drew stressed that increased oversight will ensure that the people of St. Kitts and Nevis also benefit from the CBI program as intended. Plans are in place to support women in industries such as construction, provide more support for small businesses, and review opportunities in the renewable energy sector, fish processing, and packaging and exporting.
International investors looking for a trusted base for their families and businesses are also looking forward to the upgraded scheme – developments that will ensure investors gain second citizenship in meaningful sectors such as innovation and technology into globally competitive country with high-quality healthcare and education and attractive tourism.
“Our government has relentlessly pursued strengthening and improving our Citizenship by Investment program to enhance sustainability within a framework of integrity,” Premier Drew said.
Only the best international due diligence firms will conduct stricter due diligence to ensure that only the most reputable investors are granted the coveted St. Kitts and Nevis second citizenship, underpinning this integrity.
Premier Drew also highlighted how his government is bringing clarity to locals and international investors through continued transparency and integrity. “The work we are doing to strengthen this program and system must lead to prosperity for all.”
St. Kitts and Nevis has been the citizenship benchmark for investment value propositions and the new government understands that to maintain one of the most popular economic citizenship programs in the world, it needs to work for itself and the industry as it responds to the demands of new smart investors need.
The government plans to maintain a progressive program that attracts discerning investors and cements St. Kitts and Nevis’ position as a leader in the CBI industry.
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