Record-Breaking 169% Increase in Citizenship by Investment Applications in Saint Kitts and Nevis
BASSETERRE, St. Kitts, February 03, 2025 – Saint Kitts and Nevis’ Citizenship by Investment Unit (CIU) has reported a remarkable 169 percent increase in applications during the final quarter of 2024 (October-December), a clear testament to the decisive and unprecedented reformative steps taken by the Dr. Terrance Dew-led Government to transform the nation’s Citizenship by Investment (CBI) Programme.
A New Era of Confidence
Notably, this significant achievement was accomplished after the CBI Programme was transitioned from a government entity in late 2024, to a statutory body.
Restoring Investor Confidence
The 169 percent increase in applications also signals the return of investor confidence in the country’s programme. Confidence in the programme and its offerings lagged as a result of the mismanagement and bad practices under the former administration.
Prime Minister’s Vision
Prime Minister Honourable Dr. Terrance Drew was quoted in an article dated January 31, 2025, stating, “The CIU’s transition to a statutory body has strengthened the Programme, continuing to attract ultra-high-net-worth individuals seeking a secure and reputable second citizenship.”
Structural Reforms
Under the leadership of Prime Minister Drew, the government introduced a slew of legislative and structural changes to protect the CBI and ensure its long-term viability. Those reforms included the passage of the Citizenship by Investment Unit Act, which formally established the CBI Unit as a corporate body, establishing the Continuing International Due Diligence (CIDD) Unit to conduct ongoing vetting of CBI citizens residing abroad, and enacting legislation that makes it a criminal offence to undersell citizenship.
Conclusion
The Government of Saint Kitts and Nevis remains dedicated to further strengthening the CBI programme, ensuring its continued success and its contribution to the nation’s economic growth.
FAQs
Q: What is the Citizenship by Investment Programme?
A: The Citizenship by Investment Programme is a government-backed programme that allows individuals and families to obtain citizenship in exchange for a significant investment in the country.
Q: What are the benefits of obtaining citizenship in Saint Kitts and Nevis?
A: Obtaining citizenship in Saint Kitts and Nevis offers a range of benefits, including visa-free travel to over 150 countries, the right to live and work in the country, and access to high-quality education and healthcare systems.
Q: How can I apply for citizenship in Saint Kitts and Nevis?
A: To apply for citizenship in Saint Kitts and Nevis, individuals can visit the official website of the Citizenship by Investment Unit (CIU) at http://ciu.gov.kn/.
Related
Discover more from SKN PULSE
Subscribe to get the latest posts sent to your email.