LONDON, July 10, 2020 /PRNewswire/ -- The Federation of
St Kitts and Nevis has diversified
its economy through the Citizenship by Investment (CBI) Programme,
established in 1984. The fund option that citizenship hopefuls
contribute to provides the government with resources to implement
socio-economic initiatives across the twin islands. This is
according to Foreign Minister Mark
Brantley, interviewed for a new documentary by Professional
Wealth Management (PWM) – a publication from the Financial
Times.
Mr Brantley, who is also the recently re-elected Premier of
Nevis, says that CBI plays a very
important role for the residents of the islands and the country's
economy. Prime Minister Timothy
Harris introduced the Sustainable Growth Fund (SGF) in 2018
as the fastest and most secure route to second citizenship. It is
proving particularly appealing to investing families.
"That fund provides direct income to the government," Mr
Brantley told PWM. "And when that happens, of course, the
government then have resources to do a host of social projects and
a host of development and infrastructural projects for the country.
And we look around St Kitts and
Nevis and you see the DNA of that all over. We've just
launched, for example, a Poverty Alleviation Programme where poor
households are given a supplemental check each month. So, it really
has real, legitimate impact on the ordinary lives of our citizens,
and I think that is what makes it so important to us."
He explained how bigger countries like the US, Canada and EU member states have replicated
the islands' original investor immigration model. "We started it
here, but it hasn't stayed here," Mr Brantley says. "In Europe, for
example, you have places like Malta and Cyprus and Portugal – they're all offering some variant.
The great Canada offered some
variant which attracted, of course, a lot of Hong Kong Chinese to
places like Vancouver. In
the United States, you have the
EB-5 visa programme that was put in place. All of these are
variants of the same theme, but that theme started right here in
St Kitts and Nevis."
Due diligence for St Kitts and
Nevis is among the strictest, and that gives foreign
investors reassurance. A limited-time offer now runs for families
of up to four to obtain citizenship for US$150,000 via SGF.
Contact:
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SOURCE CS Global Partners