ST KITTS NEVIS

Recent events have shaken the Caribbean Citizenship By Investment (CBI) landscape, leaving little room for optimism. Just a week ago, St Kitts offered an extended limited-time discount on its CBI program, providing a glimmer of hope for prospective applicants. However, within two days, Vanuatu and Dominica suffered visa-free access restrictions to the UK due to alleged approvals of CBI applicants previously denied UK visas.   The European Union has long been critical of CBI and Golden Visas, and speculation about potential changes in the region has been circulating for days. Unfortunately, these speculations proved true as St Kitts and Nevis'...

IMMIGRATION BY INVESTMENT NEWS 2023

The government of St. Kitts and Nevis has announced temporary improvements to the Citizenship by Investment Program that will be effective until June 30, 2023, to boost the hospitality industry. The changes include: reduced contribution amounts for foreign nationals applying though the Sustainable Growth Fund non-refundable-contribution pathway (USD 125,000 for a main applicant instead of the usual USD 150,000; 150,000 for a family of two instead of the usual USD 175,000; and USD 170,000 for a family of four instead of the usual USD 195,000); a shorter application processing time of 60 days, down from the usual 90 days, without additional fees;...

IMMIGRATION BY INVESTMENT NEWS 2023

London, Dec. 27, 2022 (GLOBE NEWSWIRE) -- The much-anticipated changes to St Kitts and Nevis’ Citizenship by Investment Programme have been announced today by the country’s recently appointed Citizenship by Investment Unit Head, Michael Martin. Setting a bold and new tone for the industry as a whole, St Kitts and Nevis is once again leading the way for the investment immigration industry – adding a new layer of integrity to truly accelerate the country’s economic diversification, empower and prosper local citizens while creating an enriching base for intelligent investors. “Today, our progressive government brings to fruition these much-awaited and very...

IMMIGRATION BY INVESTMENT NEWS 2023

Find out how Asia Outbound can introduce you to new intermediaries for your project or services.         With civil unrest marring parts of Asia, particularly in regions like Hong Kong, younger families are seeking routes to second citizenship to protect themselves better. Both political instability and economic uncertainty have been exacerbated by the COVID-19 pandemic, triggering an exodus of those leaving their home countries searching for safety and security.   While Canada and the United Kingdom are common destinations for permanent immigration, St Kitts and Nevis recognises investors as global citizens and offers a different solution. More families are...

IMMIGRATION BY INVESTMENT NEWS 2021

The Eastern Caribbean Central Bank (ECCB) has officially launched its digital currency, also known as DCash, this week. The Federation of St Kitts and Nevis is one of the first Eastern Caribbean nations to embed the pilot currency, a sentiment in line with its digital transformation promised in 2020. DCash, considered legal tender, is a real-time payment option available within the Eastern Caribbean Currency Union (ECCU) and offers a safer, faster, and cheaper method for making payments.   According to the Governor of the ECCB, Timothy Antoine, the initiative's goal is to increase opportunities for inclusion and create financial growth...

PRIVATE & INTERNATIONAL BANKING NEWS 2021

By CS Global Partners   According to Les Khan, CEO of St Kitts and Nevis' Citizenship by Investment (CBI) Unit, the dual-island nation's CBI Programme has expressed an increase in interest from African businesspeople, particularly from Nigeria and South Africa. One of the main motivators in acquiring a second citizenship stem from the visa restrictions many Africans face when attempting to conduct business abroad. St Kitts and Nevis boast one of the strongest passports within the region and 25th globally, surpassing many larger and more developed nations.   Established in 1984, St Kitts and Nevis' CBI Programme is the oldest within the investment immigration industry and is internationally recognised as a Platinum Standard...

IMMIGRATION BY INVESTMENT NEWS 2020

By Christian Nesheim   Saint Kitts & Nevis Citizenship by Investment Unit informs stakeholders that, effective immediately, main applicants will be permitted to include siblings in their citizenship by investment applications, as long as they meet the following criteria:   §  They must be the sibling of the main applicant (i.e., not of the spouse or any other family member included in the application); §  They must be 30 years of age or younger; §  They must be childless §  They must be financially dependent on the main applicant.     The policy, which emphasizes the circular, will not have retroactive...

IMMIGRATION BY INVESTMENT NEWS 2020

What is the difference between a disposable tourist and a real citizen? The simple answer is constitutional protection. Indeed, without clearly written and time tested constitutional protections, your citizenship is only a temporary travel pass exposed to the caprices of local politicians, foreign governments, assertive media, or anyone else who can throw their weight around and who wants to take a crack at you.   Before committing to a glossy CBI program advertisement, investors have to do competent due diligence on their preferred CBI program, which includes reading the applicable revocation clause in the country’s constitution and/or pertinent regulation. Independent...

IMMIGRATION BY INVESTMENT NEWS 2020