SGF designed to cater for large audience of HNWIs, potential investors, says CIU Head Michael Martin

SGF designed to cater for large audience of HNWIs, potential investors, says CIU Head Michael Martin

Getting your Trinity Audio player ready...

Basseterre, St Kitts and Nevis: The Citizenship by Investment Unit of St Kitts and Nevis has been on a drive to get improved and enhanced in regular intervals, specifically focusing on the success of the Sustainable Growth Fund (SGF) investment option under the leadership of the CIU head -Michael Martin.

The CIU has been on a continuous roll to play an inevitable role in the development and growth of St Kitts and Nevis’s economy, as well as providing extra financial benefits to the locals of the country. There has been a significant boost in the development and evolution of the country’s infrastructure in different fields and sectors, such as opening schools with the latest technological advancements, including smart classes, labs etc., improving medical facilities etc.

The country has been on a progressive path because of the funds generated by the Sustainable Growth Fund (Fund Option), which has been putting into wise causes and works to take the nation towards a better tomorrow in many terms under the patronage of CIU head, Michael Martin. In his remarks, Martin has pointed out the SGF as an essential part of the Citizenship by Investment Programme of the country as it is designed to cater for a large audience of high-net-worth individuals and potential investors.

The fund option has become a priority choice for the investors and stakeholders because of its profound merits with a win-win solution for both the welcoming country and investing parties. Improving the platinum standard of the Citizenship by Investment programme of St Kitts and Nevis is the main focus of CIU head, Martin, as he has been introducing practical policies, plans and necessary changes to keep its position high among the other investment programmes of the world.

By investing in the citizenship of St Kitts and Nevis, the investors will gain a sense of security and safety along with stable democracy and continuously developing infrastructure, said CIU head Martin. He has also been introducing changes in the regulations of the citizenship by investment programme to better its functionality and fundamentals to become more prominent and trustworthy.

Furthermore, the CIU department has also announced a Limited Time Offer attached to the SGF (Fund Option) with extra benefits and offerings with the easy, less time-consuming procedure to gain citizenship of St Kitts and Nevis, which is also considered as the vital step taken by Michael Martin towards achieving more positive results.

As per the details, the Limited Time Offer offers substantial benefits to the investors, such as granting citizenship in just a period of 60 days with the investment of a substantially low amount of only USD 125,000 into the Sustainable Growth Fund. There was a mandatory amount charged for Accelerated Application Processing (AAP) for the applicants earlier. However, it was later lifted from the offer. In the current scenario, all applicants are accelerated without any additional costs to bear.

The Limited Time Offer under Sustainable Growth Fund is going to last till June 30 2023, as from July 1, 2023, onwards, the amount of investment will go back to USD 150 000 for a single main applicant. Michael Martin has been working day and night with his team to keep making better improvements in the programme, as the regulations were recently updated in February this year.