• Latest
  • Trending
CBI Programme of St Kitts and Nevis regarded as pioneer of industry

CBI Programme of St Kitts and Nevis regarded as pioneer of industry

May 24, 2022
Dominica-Vietnam inks visa exemption agreement (Image Courtesy: Google)

Dominica-Vietnam inks visa exemption agreement

September 26, 2023
PM Roosevelt Skerrit greets people on Dominica naming among top 7 venues during T20 World Cup 2024 (Image Courtesy: Facebook)

PM Roosevelt Skerrit greets people on Dominica naming among top 7 venues during T20 World Cup 2024

September 23, 2023
Dominica expects 18% increase in ship calls for 2023-24 cruise season: Denise Charles

Dominica expects 18% increase in ship calls for 2023-24 cruise season: Denise Charles

September 22, 2023
Minister Melissa Skerrit visits housing projects to take note of ongoing progress on sites (Image Courtesy: Facebook)

Minister Melissa Skerrit visits housing projects to take note of ongoing progress on sites

September 21, 2023
Technical team from Venezuela arrives in Dominica to assist DOMLEC

Technical team from Venezuela arrives in Dominica to assist DOMLEC

September 20, 2023
Technical team from Venezuela arrives in Dominica to assist DOMLEC

Over 2900 public officers to experience spike in their wages from this month-end: PM Roosevelt Skerrit

September 19, 2023
PM Skerrit visits elder home, says target is to provide better care at these homes (Image Courtesy: Facebook)

PM Skerrit visits elder home, says target is to provide better care at these homes

September 18, 2023
PM Roosevelt Skerrit arrives in Havana to take part in G77+China Summit

PM Roosevelt Skerrit arrives in Havana to take part in G77+China Summit

September 16, 2023
Endangered species of Mountain Chicken Frog still breeds in Dominica

Endangered species of Mountain Chicken Frog still breeds in Dominica

September 14, 2023
PM Roosevelt Skerrit extends grief over devastations caused by earthquake in Morocco (Image Courtesy: Facebook)

PM Roosevelt Skerrit extends grief over devastations caused by earthquake in Morocco

September 11, 2023
Ahead of hurricane strike, IsraAID Dominica urges people to donate to children education (Image Courtesy: Facebook)

Ahead of hurricane strike, IsraAID Dominica urges people to donate to children education

September 9, 2023
CARICOM-Africa relations made remarkable progress in recent times: Roosevelt Skerrit

CARICOM-Africa relations made remarkable progress in recent times: Roosevelt Skerrit

September 8, 2023
Daily Punch
Tuesday, September 26, 2023
Advertise
  • News
  • Pakistan
  • Featured
  • World
  • Movies
    • Shows & Series
  • Health
    • Diet
    • Food
  • Universe
No Result
View All Result
Daily Punch
No Result
View All Result

CBI Programme of St Kitts and Nevis regarded as pioneer of industry

by admin
May 24, 2022
in Climate, Featured, News, World
0

YOU MAY ALSO LIKE

Dominica-Vietnam inks visa exemption agreement

PM Roosevelt Skerrit greets people on Dominica naming among top 7 venues during T20 World Cup 2024

St Kitts and Nevis, the Western Hemisphere’s twin-island country, is not letting its small size limit its capacity to do extensive checks upon applicants seeking alternative citizenship under the CBI Programme.
 Due to its multi-layered due diligence standards, the Caribbean nation’s citizenship by investment program is regarded the “Platinum Standard” across the global CBI market.
Established first in 1984, St Kitts and Nevis is recognised as the first nation to come up with the “economic citizenship program,” which makes it a pioneer of the CBI industry.
The small island nation in the Caribbean also offers the world’s oldest, safest, and most secure citizenship by investment programme.
 Furthermore, the Citizenship by Investment Unit of St Kitts and Nevis added that the processing of applications begins after a thorough check on documents and papers.
The background checks are carried out by the government and third-party agencies to examine the applicants. The multi-layered approach ensures that the citizenship is granted only to the reputed as well as honest individuals who possess no criminal or financial fraud backgrounds.
Strict screening procedures are conducted to ensure and cross-verify each and every aspect declared in the application by the applicant. Not only that, but the background checks also verify the source of income of the investor seeking alternative citizenship. Following this, individuals’ details such as their residency, their source of funds and occupation are checked.
The due-diligence procedure is carried out by verifying some basic documents or materials, which are:
• Identifying documents (birth certificate, passport, or any other verification certificate)
• Financial materials (including bank account numbers, information about your income and other sources of wealth, employment history, etc)
• Personal references
• Criminal history
After the third-party verification, due-diligence firms re-send the report back to CBI units, which then again cross-verifies the facts, and the final approval or rejection depends on the unit.
CBI Programme of St Kitts and Nevis regarded as pioneer of industry
The citizenship by investment programme of St Kitts & Nevis is helping the nation to run socio-economic activities. Many sectors are directly or indirectly benefitted from the programme.
The most widely used investment option under the citizenship by investment programme is the Sustainable Growth Fund (SGF), which is also called the “Fund Option”.
The citizenship by investment programme revenues provides economic assistance towards the social programmes; it also helps in providing income support to the residents and many more.
The Fund Option allows making a contribution towards the economy and social prosperity of St Kitts and Nevis.
The Sustainable Growth Fund was established in 2018, and since then, it has been assisting the country in one way or another. Some of the benefits of SGF to residents include the following:
• Enhancing the quality of education
• Ensure the health and well-being of a growing population
• Promote St Kitts and Nevis’ thriving tourism industry
• Publicize the different cultural savour of the people
An investor can contribute a minimum of USD 150,000 to apply for citizenship by investment programme under the Sustainable Growth Fund option.
The alternative citizenship of St Kitts & Nevis may be attained by an individual whose age is more than 18 years. An applicant can also add additional dependents such as spouse and children.
The Citizenship by Investment Programme of the Federation of St Kitts & Nevis ranked highest in the CBI Index for being the fastest, safest and most secure. The CBI Index is annually published by the Financial Times’ Professional Wealth Management magazine.
The CBI Index rankings are based on the points earned in nine different pillars, whereas in the pillar of due diligence, St Kitts and Nevis topped the charts.
St Kitts and Nevis is a small twin-island Federation, with a population of around 53,192. The tourists love the country because of its stunning white-sand beaches, sheer blue water and mesmerizing beauty sights; due to these natural gems, it is dubbed the “Paradise of the Caribbean”.
The maximum number of tourists visit the twin-island Federation through cruise ships, and now it is considered one of the most desired locations for the cruise ship travellers.
Tags: Breaking NewsCaribbeanCaribbean newsNewsSt Kitts and nevis
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Dominica-Vietnam inks visa exemption agreement (Image Courtesy: Google)

Dominica-Vietnam inks visa exemption agreement

September 26, 2023
PM Roosevelt Skerrit greets people on Dominica naming among top 7 venues during T20 World Cup 2024 (Image Courtesy: Facebook)

PM Roosevelt Skerrit greets people on Dominica naming among top 7 venues during T20 World Cup 2024

September 23, 2023
Dominica expects 18% increase in ship calls for 2023-24 cruise season: Denise Charles

Dominica expects 18% increase in ship calls for 2023-24 cruise season: Denise Charles

September 22, 2023

Pakistan Daily News Provider

Recent News

  • Dominica-Vietnam inks visa exemption agreement
  • PM Roosevelt Skerrit greets people on Dominica naming among top 7 venues during T20 World Cup 2024
  • Dominica expects 18% increase in ship calls for 2023-24 cruise season: Denise Charles
  • About
  • Contact Us
  • Feedback
  • Terms of Use
  • Privacy Policy
  • Editorial Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Government
  • Economy
  • Entertainment
  • Sport
  • Property
  • Leisure