Sep 08 St Kitts and Nevis Ranks First As The World's Fastest Citizenship by Investment Programme, 2020 CBI Index Finds Prime Minister Dr the Hon. Timothy Harris, Accelerated Application Process, CIU, Citizenship by Investment, St. Kitts and Nevis, Les Khan



BASSETERRE, Saint Kitts and Nevis, Sept. 7, 2020 /CNW/ -- The Federation of St Kitts and Nevis offers one of the best citizenship by investment (CBI) programmes in the world. This is according to a new report issued by Professional Wealth Management magazine, a publication from the Financial Times. St Kitts and Nevis remains the country with the fastest citizenship timeline, providing one of the most certain and family-appealing CBI programmes, particularly in light of its new limited-time offer.

In the 2020 CBI Index, the Federation's CBI Programme ranked number one or joint-first for offering fast and straightforward processing, reliable due diligence, and certainty, with an unrivalled experience of 36 years. It also obtained top marks for not requiring applicants to travel and reside for any minimum period.

The CBI Index discussed St Kitts and Nevis' limited-time offer which allows vetted families of up to four to obtain citizenship for US$150,000 instead of US$195,000 through the fund option. The report recognises the growing importance to investors to be able to obtain citizenship for their families too. St Kitts and Nevis allows future generations of successful applicants to inherit citizenship.

Prime Minister Dr the Hon. Timothy Harris commented: "St Kitts and Nevis is not only a place for investors to thrive in, but also a welcoming home for their children and grandchildren. We have made our streets safer and our rule of law - stronger. We keep investing in education and healthcare. Our economy is resilient even when faced with external shocks like a global pandemic."

Les Khan, the CEO of the St Kitts and Nevis Citizenship by Investment Unit (CIU), said: "We continue to focus on what matters to investors most, while ensuring that we maintain our 'Platinum Standard' brand. Our limited-time offer comes at a time when investors value family safety and security more than ever. That is why we have decided to temporarily allow them to add up to three members of their family for the same amount of contribution as for a single applicant."

Under the Accelerated Application Process feature, investors can obtain citizenship - and their passport, a separate process to CBI - within 60 days. Applicants must first undergo a multi-tiered due diligence process. The CIU introduced a temporary provision, instituted in the context of Covid-19, whereby Authorised Persons - who are mandatory to apply through - may submit applications online. However, the CIU will not issue an approval without receipt of the physical application at a later date.

Once successful, economic citizens earn the right to live, work, and study in St Kitts and Nevis. They can also travel visa-free or with a visa-on-arrival to almost 160 countries and territories, and enjoy all the economic and social benefits as native citizens. To find out more about St Kitts and Nevis' Citizenship by Investment Programme, please visit the CIU website.

Source: https://www.newswire.ca/news-releases/st-kitts-and-nevis-ranks-first-as-the-world-s-fastest-citizenship-by-investment-programme-2020-cbi-index-finds-849203971.html


Aug 05 A small Caribbean nation helped popularize 'citizenship by investment' - now it's counting on it to make up for lost tourism Travel, tourism, activities, scuba, swimming, snorkle, horse back riding, kite surfing, kite boarding, ahead of the game, intoxicating natural beauty, warm waters, white sandy beaches, citizenship by investment, Les Khan, CBI, Dominica, Antigua, Grenada, St. Lucia, Malta, Cyprus, Montenegro, COVID, travel restrictions



St. Kitts & Nevis Leader of Citizenship by investment

St. Kitts and Nevis, like many of its Caribbean peers, is highly dependent on tourism revenue.

But with its borders still closed to foreigners, the small country's pioneering "citizenship by investment" program could prove even more important than it has been in the past three decades.

Usually, revenue from wealthy foreigners shelling out hundreds of thousands of dollars for a second passport from the island accounts for 30% of the GDP gap in the government's budget, according to the CBI program head Les Khan. This year, he says, that could be much higher.

"Now that tourism is at a standstill," he said in an interview, "we expect that the CBI program will be a main driver for the next six months."

Around the world, secondary passports and alternative citizenships have been in high demand from geo-political unrest and the coronavirus, experts tell Business Insider. As more programs come online, Khan is feeling vindicated that the program he's led for three years now is being replicated so far and wide.

"Dominica, Antigua, Grenada, St. Lucia, Malta, Cyprus, Montenegro," he rattles off as examples. "You name it. All of these programs really originated from St. Kitts and Nevis."

Earlier this year, the country dropped its prices, offering a family of four passports for a $150,000 donation, down from $195,000. There are also other more expensive options to make a real-estate purchase that must be held for a set amount of years.

The discount should help keep demand steady, "but we're not in a race to the bottom," Khan said. "We're not trying to just be selling. It must be something that is solid and must be in line with our platinum brand."

It's not a brand that's been easy to build: "There is an idea that citizenship by investment is a conduit for money laundering and possibly tax evasion," says Kahn. "I can assure you that's not the case. Our due diligence is one of the strongest in the world."

But if travel restrictions - like those currently barring people from St. Kitts and Nevis, the United States, and plenty of others from countries around the world - continue, the other side of that brand could be lost, too. The next few months will decide if the country still has one of the most powerful passports in terms of visa-free entry in the region.

"We keep our fingers crossed," Khan said.

Source: https://www.businessinsider.com/st-kitts-and-nevis-citizenship-by-investment-thrives-amid-coronavirus-2020-8