The Government officials of St Kitts and Nevis on Thursday held a meeting with the investors in London and also focused on promoting the twin-island Federation as an investment destination and to drive the investment into the nation.
It is to be noted that the officials of the private wealth community, including officials from the private investment banks, along with immigration law firms as well as investor immigration agents.
During the event, the entire talks revolved around the steps that had been taken by the St Kitts and Nevis government as well as its Citizenship by Investment Unit, who have been working together in an unprecedented way to put the twin-island Federation on a sustainable inclusive growth plan.
Notably, the twin-island Federation has recently made a substantial positive upgrades to the investment immigration programme of the nation, a predominant driver of economic diversification in the island.
While addressing the conference, the Head of the Citizenship by Investment Unit of the St Kitts and Nevis, Michael Martin said that, “For around 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry. In the growing trends across the world, it is significant that the Government of St Kitts and Nevis and its CBI Programme continue to adapt to the requirements of our people and attracting the right kind of international investment required to uplift the nation.”
He further mentioned, during the address that, “The benefits of the international investor remain, from the chance to do business no matter where you are in the world, to enjoying our country’s stability and safe lifestyle. Our economic citizenship programme is not just designed to benefit international investors, it also bolsters local industries because of the hard capital flowing in and has allowed our citizens to thrive amid the global uncertainty.”
The evolution of the St Kitts and Nevis’ CBI Programme is a signature of the nation’s commitment to empowering its economy and will play a significant role in allowing the country to strategically diversify the economy.
During the entire meeting, the key focus was on the Sustainable Growth Fund as well as Limited Time Offer (LTO). Noting to which the officials mentioned that, “The SGF was set up to facilitate the economic growth and social upliftment in the St Kitts and Nevis. The fund is used to provide financial assistance to educational institutions along with the medical facilities across the country, including providing additional funding for the construction and infrastructural development and boosting local tourism & to preserve local heritage and culture of the Federation.”
To further making it more approachable for the investors, CBI unit of St Kitts and Nevis has made a decision to make Limited Time Offer (LTO) for a period of 6 months from 1 January to June 30, 2023.
During the meeting, the government of St Kitts and Nevis has also ensured that the applications submitted under the LTO will be benefitted from the reduction of the minimum support amount of contribution payable by applicants and will be qualified for the accelerated CBI application with a shortening of the processing time from 90 days from the CBI unit acknowledgement of receipt of the application to 60 days.