ST KITTS AND NEVIS EMBRACES MUTUAL LEGISLATION IN CARIBBEAN CBI PROGRAMMES
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.
REGIONAL COLLABORATION
STRENGTHENING CARIBBEAN CBI INITIATIVES
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.
COMMITMENT TO TRANSPARENCY AND SECURITY
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.
PIONEERS OF CBI: EMBRACING CHANGE
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.
SAFEGUARDING CARIBBEAN CBI INTEGRITY
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.
