Discerning investors who would like to:
THE PUBLIC BENEFIT OPTION PROVIDES THE GOVERNMENT WITH THE MEANS OF ACHIEVING ITS CAPITAL INVESTMENT GOALS.
- Develop an industry;
- Finance the construction of a real estate development project on State land;
- Construct a real estate development project on land to be transferred to the State; or
- Otherwise bring some substantial benefit to the people of Saint Christopher and Nevis
can apply to the Board of Governors to be designated as an Approved Public Benefactor.
They can then apply for their projects to be designated as Approved Public Benefit Projects qualified for sale under this CBI Option.
Approved Public Benefit Projects designated by the CIU can not only maximise local employment, but also make it possible to embark upon projects including transfer of technology and capacity building.
UNDER THE PUBLIC BENEFIT OPTION, EACH MAIN APPLICANT IS REQUIRED TO MAKE A MINIMUM CONTRIBUTION:
US$250,000
US$250,000 in a unit of an Approved Public Benefit Project, to be paid to the Unit.
Within 120-180 days of acknowledgment from the Unit of submission of a CBI application, the Unit will advise whether an application is:
- Approved-in-principle;
- Denied; or
- Delayed for cause and is still being processed.
THE FOLLOWING DUE DILIGENCE FEES APPLY TO ALL CBI APPLICATIONS:
MAIN APPLICANT:
US$10,000
EACH DEPENDANT AGED 16 OR OVER:
US$7,500
Each main applicant is required to attend an interview conducted by an independent professional firm commissioned by the Unit or by officials of the Unit either virtually, in person in St. Kitts and Nevis or in person at such other location approved by the Board of Governors.
Dependants aged 16 or over may if deemed necessary also be required to attend an interview.
ON APPROVAL-IN-PRINCIPLE OF AN APPLICATION MADE THROUGH THE PUBLIC BENEFIT OPTION, THE FOLLOWING POST-APPROVAL APPLICATION FEES APPLY:
SPOUSE OF THE MAIN APPLICANT:
US$15,000
EACH QUALIFIED DEPENDANT UNDER 18:
US$10,000
EACH QUALIFIED DEPENDANT AGED 18 OR OVER:
US$15,000
APPROVED PUBLIC BENEFACTORS
| Name | Website | Phone | |
|---|---|---|---|
| Prime Creative Arts Center | info@caribint.org | https://www.caribint.org/ | +971 43289595 | +971 553439474 |
| Royal St. Kitts Beach Resort | inquiries@stkittsmarriott.com | www.skmresortpbo.com | 1-869-762-2012 |
| PRECONCO (ST. KITTS) LIMITED re Basseterre High School | |||
| CARIBBEAN INFRASTRUCTURE DEVELOPMENT CORP. re Design of RLB International Airport Expansion | info@cidccapital.com | www.cidccapital.com | +33 7595 86418 |+1 647 693 5913 |