Basseterre, St Kitts and Nevis: Under the leadership of Michael Martin, the citizenship by investment programme of the Federation of St Kitts and Nevis has witnessed growth and advancement. The programme has been emerging as the sustainable, good governance and pragmatism principles. The Head has been adopting creative policies and bold strategies, which has been contributing to the flourishing of the CBI Programme of the country.
The citizenship by investment programme of St Kitts and Nevis is known as the pioneer of the industry as it is the oldest and longest-running programme. The programme has been known to offer various benefits such as diversified markets, portfolio diversification, a chance to expand business and wealth planning. It has been reported that the Citizenship by Investment Unit of the Federation has worked days and nights to maintain the platinum standards along with the integrity of the programme across the world.
The interest of high-net-worth individuals (HNWIs) has increased towards the citizenship programme under his leadership. Martin has also added another layer of integrity to strengthen the programme. CIU has implemented various steps to meet the requirements of stakeholders and the HNWIs. The CBI Programme has emerged as an appropriate choice for entrepreneurs seeking an opportunity to expand their businesses.
It is worth noting that the CIU has been not just focusing on investors and HNWIs but also towards empowering the local communities of St Kitts and Nevis. It is not enough; CIU Head Michael Martin has also worked to make the due-diligence procedure more strict and robust. The stringent vetting process is conducted to verify every application to enhance its integrity and competitiveness.
The programme has been aided by the Sustainable Growth Fund, which is also regarded as the Fund Option. The bold steps taken by CIU Head have been allowing the HNWIs and investors to invest in the programme. It allows investors to contribute funds towards the development of the economy of the country.
Recently, the Head has introduced Limited Time Offer to enhance the competitiveness of the Fund Option. Under this, an investor can apply for alternative citizenship for USD 125,000 onwards for a single applicant and can become a citizen within 60 days under Accelerated Application Process (AAP). According to the update by the unit, the offer will be ended on June 30, 2023, and from July 1 onwards, the fee will be USD 150,000.