[vc_row][vc_column][ultimate_heading main_heading=”ST KITTS AND NEVIS EMBRACES MUTUAL LEGISLATION IN CARIBBEAN CBI PROGRAMMES” heading_tag=”h4″ alignment=”left” spacer=”line_only” spacer_position=”middle” line_height=”1″ line_color=”#770102″ main_heading_margin=”margin-bottom:15px;” sub_heading_margin=”margin-bottom:30px;” line_width=”120″ spacer_margin=”margin-bottom:15px;” margin_design_tab_text=””]St Kitts and Nevis, a pioneer in Citizenship by Investment, strengthens integrity and transparency through mutual legislation agreement.[/ultimate_heading][vc_column_text]St Kitts and Nevis as part of the Organisation of Eastern Caribbean States (OECS), has taken significant steps in enhancing its Citizenship by Investment (CBI) Programme.
Through the establishment of a memorandum of agreement, the nation aims to address international concerns while fostering socio-economic growth. [/vc_column_text][ultimate_heading main_heading=”REGIONAL COLLABORATION” heading_tag=”h4″ alignment=”left” spacer=”line_only” spacer_position=”middle” line_height=”1″ line_color=”#770102″ main_heading_margin=”margin-bottom:15px;” sub_heading_margin=”margin-bottom:30px;” line_width=”120″ spacer_margin=”margin-bottom:15px;” margin_design_tab_text=””]On 20 March, St Kitts and Nevis, alongside Antigua & Barbuda, the Commonwealth of Dominica, and Grenada, signed a Memorandum of Agreement to collectively address concerns and strengthen Caribbean CBI programmes. [/ultimate_heading][ultimate_heading main_heading=”STRENGTHENING CARIBBEAN CBI INITIATIVES” heading_tag=”h4″ alignment=”left” spacer=”line_only” spacer_position=”middle” line_height=”1″ line_color=”#770102″ main_heading_margin=”margin-bottom:15px;” sub_heading_margin=”margin-bottom:30px;” line_width=”120″ spacer_margin=”margin-bottom:15px;” margin_design_tab_text=””]The Caribbean’s Citizenship by Investment (CBI) Programmes play a vital role in attracting foreign direct investments (FDIs) to support economic development.
St Kitts and Nevis has been proactive in implementing comprehensive measures within its CBI Programme.
This includes a fixed minimum investment requirement, to uphold its integrity and build trust among international partners. [/ultimate_heading][ultimate_heading main_heading=”COMMITMENT TO TRANSPARENCY AND SECURITY” heading_tag=”h4″ alignment=”left” spacer=”line_only” spacer_position=”middle” line_height=”1″ line_color=”#770102″ main_heading_margin=”margin-bottom:15px;” sub_heading_margin=”margin-bottom:30px;” line_width=”120″ spacer_margin=”margin-bottom:15px;” margin_design_tab_text=””]The recent Memorandum of Agreement signifies St Kitts and Nevis’s dedication to responding to inquiries and ensuring the transparency and security of its CBI Programme.
The Agreement outlines various measures, including raising minimum investment threshold to US$200,000 by 30 June.
Additionally, provisions include information sharing, transparent enhancement, establishment of a regional competent authority, and joint training programmes with capacity-building initiatives.
By collaborating with other Caribbean CBI nations, St Kitts and Nevis aims to standardise application processes, enhance due diligence procedures, and facilitate information sharing. [/ultimate_heading][ultimate_heading main_heading=”PIONEERS OF CBI: EMBRACING CHANGE” heading_tag=”h4″ alignment=”left” spacer=”line_only” spacer_position=”middle” line_height=”1″ line_color=”#770102″ main_heading_margin=”margin-bottom:15px;” sub_heading_margin=”margin-bottom:30px;” line_width=”120″ spacer_margin=”margin-bottom:15px;” margin_design_tab_text=””]As a pioneer of CBI programmes since 1986, St Kitts and Nevis has demonstrated a willingness to adapt and evolve.
Through collective efforts with other Caribbean nations, St Kitts and Nevis is committed to upholding the integrity and security of Caribbean CBI while fostering economic growth and development.
St Kitts and Nevis’s Citizenship by Investment Unit (CIU), under the leadership of Mr Michael Martin, collaborates diligently with the Government to strengthen due diligence processes and maintain integrity. [/ultimate_heading][ultimate_heading main_heading=”SAFEGUARDING CARIBBEAN CBI INTEGRITY” heading_tag=”h4″ alignment=”left” spacer=”line_only” spacer_position=”middle” line_height=”1″ line_color=”#770102″ main_heading_margin=”margin-bottom:15px;” sub_heading_margin=”margin-bottom:30px;” line_width=”120″ spacer_margin=”margin-bottom:15px;” margin_design_tab_text=””]Standardising minimum investment requirements across Caribbean CBI programmes is a strategic move aimed at safeguarding the importance of these initiatives.
By mitigating risks and enhancing security measures, St Kitts and Nevis and its Caribbean counterparts seek to ensure the continued success and sustainability of their CBI programmes. [/ultimate_heading][/vc_column][/vc_row]