EXCLUSIVE Interview: Mr. Michael Martin speaks to Nairametrics on St Kitts and Nevis CBI evolution
Our Head of Citizenship by Investment Unit (CIU), Mr. Michael Martin, recently spoke to a prominent Nigerian business publication, Nairametrics, on changes to the St Kitts and Nevis CBI Programme.
The riveting interview showcases how the St Kitts and Nevis CBI Programme has changed and highlights the plethora of opportunities available to Nigerians. High-Net-Worth-Individuals (HNWIs) are invited to contribute towards a developing sustainable country, and to secure a future for their families and businesses.
St Kitts and Nevis CBI Programme
St Kitts and Nevis CBI Programme has the oldest and most reputable Programme, running since 1984. It has consistently held a reliable reputation, making it one of the most sough-after CBI programmes globally.
Our CBI Programme has increased in popularity in recent years, enticing HNWIs to invest in our nation in exchange for second citizenship.
Transforming the CBI Programme
Mr. Martin shared firsthand insights into significant changes to the St Kitts and Nevis CBI Programme. As the programme continues to evolve with industry trends; it maintains a world-class standard that aims to attract affluent Nigerian investors to the country.
Additionally, Mr. Martin outlined the many benefits the CBI Programme and the opportunity that it presents to Nigerian HNWIs. Most importantly, he captured what it means to become a St Kitts and Nevis citizen.
Innovating the Economy
St Kitts and Nevis has spearheaded innovations in the investment migration industry. The latest amendments do not only focus on strengthening our country; they also bolster our nation’s position as the economic powerhouse of the Caribbean region.
This is further buoyed by a business-friendly environment and an improved quality of life; factors that have consistently attracted investors.
Despite the heavy scrutiny the global investment migration industry has received, we take pride in our CBI Programme and therefore continuously develop it in a way that keeps it an exclusive and attractive choice for second citizenship.
Our CBI Programme has played a pivotal role in economic and socioeconomic sustainable developments in the country, which include infrastructure, education, and healthcare. These factors underline the significant of the programme and illustrate how it aids to drive our nation forward.
Amended Contributions and Regulations
Changes to the CBI Options include the replacement of the Sustainable Growth Fund (SGF) with the Sustainable Island State Contribution (SISC), as well as the eagerly anticipated return of the Developer’s Real Estate Investment option.
To instill confidence in stakeholders and HNWIs, minimum contributions have significantly increased, and additional regulations have been added to an already robust programme. These measures ensure that our ever-evolving CBI Programme is aligned with the highest standards, offering a secure path to second citizenship.
The recent regulations came into effect on 27 July 2023, which will apply to all new CBI applicants.
Mr. Martin’s closing words resonate with warmth and invitation. He extends a hearty welcome to Nigerian investors, inviting them to become citizens of St Kitts and Nevis. Nigerian HNWIs are invited to explore new horizons, establish businesses, and actively contribute to the betterment of the nation and its people.
Invitation to Nigerian Investors
If you are a Nigerian investor or an HNWI seeking a second citizenship with a purpose, this interview is a great starting point to understanding our renowned CBI Programme and all it has to offer. Your journey towards a brighter future and a meaningful contribution to a thriving nation begins here.
