Caribbean News

St Kitts and Nevis Awarded Best Citizenship by Investment Programme by FT PWM Report

LONDONAug. 20, 2021 /PRNewswire/ — The 2021 CBI Index released this week by the Financial Times’ Professional Wealth Management (PWM) magazine has, for the first time, awarded St Kitts and Nevis as the best citizenship by investment (CBI) programme for 2021. Now in its fifth year, the CBI Index is an in-depth report that examines and evaluates CBI programmes offered by various countries in the CaribbeanEuropeAsia, and beyond.

The nation was awarded perfect scores in five of the nine pillars, namely; Ease of Processing, Due Diligence, Citizenship Timeline, Family, and Mandatory Travel or Residence. Again, the Programme received the highest score in the Citizenship Timeline pillar as a result of its Accelerated Application Process – St Kitts and Nevis is the only nation to offer this fast-tracked process with successful applicants being offered citizenship within 60 days.

“As the oldest and most established citizenship by investment programme we are pleased to have been recognised as the best by this prestigious report. We have long been industry leaders and our trusted programme reflects the importance of a stringent due diligence process,” said Prime Minister Timothy Harris.

According to the 2021 CBI Index, the high ranking of the St Kitts and Nevis CBI Programme “reflects St Kitts and Nevis’s ability to adapt to present need and to attract high numbers of investors.”

Currently, St Kitts and Nevis is running a Limited Time Offer that will come to an end on 31 December 2021. The offer allows families of up to four to obtain citizenship for a contribution of US$150,000, representing a US$45,000 discount for a family with a spouse and up to two other dependants (excluding siblings).

Established in 1984, the St Kitts and Nevis CBI Programme grants second citizenship to successful applicants who can make the required investment and pass the strict due diligence process. St Kitts and Nevis citizenship provides extensive global mobility offering visa-free or visa-on-arrival access to just under 160 destinations and the ability to pass citizenship down to descendants, ensuring security for future generations.

Les Khan, CEO of the CBI Unit, commented, “The St Kitts and Nevis Programme continues to meet the needs of its investors by providing a reliable and quick means to second citizenship. We are pleased to have scored top marks in numerous pillars and particularly in the Family pillar as we have now broadened the definition of ‘dependant’ to include siblings. As a programme focussed on providing the most respected programme in the industry, we are glad to have been recognised as the best.”

SOURCE CS Global Partners

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