St Kitts and Nevis: The head of the Citizenship by Investment Unit, Michael Martin, has recently participated in a special webinar in St Kitts and Nevis. The delegates discussed the significance of St Kitts and Nevis Citizenship by Investment (CBI) Programme during the video conference, said reports.
As per the reports, the webinar was held to shed light on the essential role of the Citizenship by Investment programme, particularly for investors with smart and sustainable mindsets and visions.
In addition, CIU head Michael Martin promoted the improvised strategies to engage more people to take up the opportunity and become a part of the upward-moving economy of St Kitts and Nevis.
Furthermore, Michael Martin held a discussion session during the webinar where he said that the newly introduced special offer on the Sustainable Growth Fund (SGF) is a bold move made by the CIU department, expected to help maintain the CBI programme’s platinum standard.
During the webinar, the CIU head claimed that the Limited Time Offer had been a useful part of adding a new layer of integrity to the programme, which has allowed the country’s efforts to speed up to diversify the economy along with empowering people while providing the investors with rich bases, said reports.
“The administration of the Two-island Federation is working tirelessly to ensure that besides the Limited Time Offer, the CBI programme remains the safe and secure pick for the investors and potential individuals,” noted Michael Martin.
In his remarks, he added that the multi-layered due diligence process is also a vital part of the citizenship by investment programme as it helps assist the entire process with smooth conduct. “CIU head emphasized the due diligence process, which also improves the functionality and becomes less time-consuming for the investors,” said Martin.
Furthermore, under the LTO, the submitted applications can get extra benefits through a reduction of the minimum amount of the contribution payable by the applicants, Michael Martin stated.
In addition, under such an offer, the applicant no longer needs to pay additional fees for the application acceleration process reducing the entire process from a timeframe of 90 to 60 days at no extra cost providing people with fast and swift processing.
Citizenship by Investment Unit (CIU) has decided to provide a limited-time offer on Sustainable Growth Fund (SGF) starting from January 1, 2023, and will end on June 30, 2023. The details regarding the CBI programme read below:
– 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
Moreover, while addressing the investors, CIU head Martin stated, “The programme is beneficial to the international investors in many different ways including business opportunities, global mobility along with other advantages irrespective of their location across the world.”
The local industry can also benefit through the funds raised by the SGF, which will produce hard capital inflows. The funds enabled St Kitts and Nevis to survive through global uncertainty. Martin concluded that the raised funds are also used to build schools and run other educational activities smoother while developing infrastructure to tackle climate change effects.