St. Kitts and Nevis stood out at the recent Future of Citizenship by Investment dialogue in London, with the delegation led by Prime Minister Dr. Terrance Drew, Attorney General Hon. Garth Wilkin, and His Excellency Calvin St. Juste, Chairman of the Board of Governors of the Citizenship by Investment Unit (CIU).
The timing of the event has been ideal, as Caribbean nations with Citizenship by Investment (CBI) programmes have been on a path of collaboration over the last year and have been intentionally and actively working to reinforce their collective efforts.
WHAT IS THE FUTURE OF CITIZENSHIP BY INVESTMENT DIALOGUE AT WILTON PARK ALL ABOUT?
The Wilton Park Dialogue brought together key stakeholders from Eastern Caribbean countries, global experts, and government representatives. The event served as a platform for in-depth discussions on the opportunities and risks surrounding CBI programmes.
As these programmes grow in importance, the St. Kitts and Nevis CIU takes pride in leading the way in cementing the industry as a responsible one.
The conference aims to promote collaboration, share best practices, and explore innovative strategies to enhance the long-term success and integrity of CBI programmes.
AN IMPORTANT ADDRESS FROM THE HONOURABLE PRIME MINISTER DR. TERRANCE DREW
As part of a panel of Caribbean Heads, Prime Minister Drew discussed the progress and long-term vision of CBI programmes in the Eastern Caribbean. He emphasised the need for CBI programmes to adapt to emerging challenges, while continuing to deliver economic and social benefits for small island nations.
HIS EXCELLENCY CALVIN ST. JUSTE’S CONTRIBUTION AT THE WILTON PARK DIALOGUE
His Excellency Calvin St. Juste played a significant role at the high-level event, engaging in a structured discussion about the evolving landscape of CBI programmes.
ADDRESSING OPERATIONAL CHALLENGES AND RISKS
St. Juste’s insights were crucial in tackling the operational hurdles faced by CBI programmes, particularly as concerns grow around security risks, illicit finance, and shifting global economic conditions. He discussed strategies to strengthen programme integrity and foster international cooperation for greater transparency and accountability.
His leadership at the CIU has been vital in shaping policies to mitigate risks, especially given St. Kitts and Nevis’ pioneering role in the CBI field.
The discussion on Programme Integrity included talks about the new regional regulator, the Eastern Caribbean Central Bank, which is funded by CBI revenues. Led by Chairman St. Juste, the CIU consistently advocates for a secure and mutually beneficial investment migration framework in the Caribbean.
ST. KITTS AND NEVIS: SETTING THE BENCHMARK IN THE CBI INDUSTRY
St. Kitts and Nevis has made significant strides in recent years to solidify its position as the leader in the industry. The CIU has revolutionised the way that that it works.
These changes include the establishment of a more robust regulatory framework. Process changes have already had a tangible impact in application processing times as well as customer satisfaction. Through these progressive changes, St. Kitts and Nevis continues to set the benchmark for other countries looking to develop or enhance their own investment migration programmes.