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Economic citizens welcomed home to collaborate at the St Kitts and Nevis Investment Gateway Summit

Basseterre, April 01, 2024 (GLOBE NEWSWIRE) — St. Kitts and Nevis is gearing up to host their inaugural Investment Gateway Summit, which is a once–in–a–lifetime experience for its economic citizens to ‘connect, collaborate and celebrate’ with like–minded global investors. The Summit will take place from 11 to 15 May at the St. Kitts Marriot Resort, displaying world–class sustainable business and investment development practices in the twin–federation.

The St. Kitts and Nevis Investment Gateway Summit isn't just about scripted speeches or glossy brochures—it's about real conversations and tangible opportunities that global citizens can explore. The Summit also offers a range of opportunities to connect with industry leaders and fellow entrepreneurs. 

With hundreds of attendees from countries spanning the globe, including the United Arab Emirates (UAE), Nigeria, Egypt, South Africa, Singapore, China, and more, the Summit promises unparalleled networking prospects. 

Strategic Partnerships 

The 5–day long event will bring together economic citizens, policymakers, corporate leaders, business delegations, academia, and think tanks from across the globe to collectively explore business opportunities and forge new partnerships. 

Local exhibitors and international sponsors will have a unique opportunity to showcase their businesses and promote their brands to this niche audience.  

The Investment Gateway Summit is an opportunity for key stakeholders from businesspeople, economic citizens and governments to collaborate in sustainable development and connect for long–term collaborations. Participants will gain exclusive access to expertise and invaluable resources from reputable global leaders and investors.  

The Summit will have interactive networking sessions, and panel discussions, including experiences around the twin–federation

Business Opportunities 

St. Kitts and Nevis is a prime business location in the Caribbean that offers eco–business practices and growth opportunities. Numerous factors make the twin–federation a favourable business environment, these include the country’s strategic location forming part of a gateway for international trade and investments.  

Investment Gateway Summit Programme 

Each day the detailed agenda is packed with exciting events that will take place, such as an exclusive opportunity to celebrate with the Prime Minister of St. Kitts and Nevis, Honourable Dr. Terrance Drew in a private Gala Dinner, alongside other economic citizens and special guests. 

The Gala Dinner is strictly by invitation, as there are limited tickets available, this will be your opportunity to connect, celebrate and collaborate with economic citizens, share values and inspiration. 

The Programme includes unique opportunities for its guests to explore the idyllic island through events such as the St. Kitts Scenic Railway, create a memorable cultural experience on the Frigate Bay Strip, and learn about one of UNESCO’s World Heritage Sites, the historical Brimstone Fortress. 

Partner with Us 

Interested in promoting your brand, business services, or exploring sponsorship opportunities? Please leave a comment here along with your inquiry in the contact form, and we will promptly respond with details on available packages. 

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GLOBENEWSWIRE (Distribution ID 9081850)

Affluent African investors to feature at the Caribbean Investment Gateway Summit

Basseterre, April 01, 2024 (GLOBE NEWSWIRE) — The Investment Gateway Summit taking place in St. Kitts and Nevis, presents an exclusive opportunity for African high–net–worth individuals (HWNIs) to have a unique experience to ‘connect, celebrate and collaborate’ with like–minded global investors from 11 to 15 May. 

Among those confirmed to attend are renowned leaders representing leading sectors in Africa. Notable figures from industries such as telecommunications, finance, energy, and agriculture have registered to participate in this exclusive event. 

This remarkable five–day event will offer individuals the chance to gather for networking and interaction with industry leaders, featuring lively workshops, engaging panel discussions, cultural exhibitions, and a firsthand experience of the vibrant spirit of St. Kitts and Nevis. 

These African investors will have the invaluable opportunity to broaden their international networking connections as they join hundreds of global citizens, entrepreneurs, and business leaders from key regions such as America, Singapore, Hong Kong, the UAE, and China at the summit. This convergence of diverse perspectives and expertise promises to facilitate cross–border collaborations, foster strategic partnerships, and unlock new avenues for growth and investment on a global scale.   

‘Connect, Celebrate, Collaborate’ with economic citizens 

This Summit marks a pioneering milestone as the first of its kind globally, attracting African HNWIs, proud local and economic citizens, global investors, C–Suite executives, entrepreneurs, real estate developers, prospective St. Kitts and Nevis Citizenship by Investment (CBI) applicants, as well as local CBI Authorised Agents and International Marketing Agents. 

Furthermore, each day of the Summit is designed for African investors to immerse themselves in discussions with the St. Kitts and Nevis Prime Minister, Honourable Dr. Terrance Drew, Government officials and explore the country’s attractions. The detailed agenda includes exhibits, interactive conferences and panel discussions. 

African HNWIs can enquire about becoming exhibitors or sponsors of the Summit to connect with other African HNWIs with St. Kitts and Nevis citizenship, acquired through the CBI Programme. This will be a unique opportunity to create new partnerships via projects within the twin–federation and share visionary ideas. 

St. Kitts and Nevis is prepared to welcome African HNWIs, entrepreneurs, highly talented Africans, prospective African CBI applicants and C–Suite African businesspeople to the country of possibilities and prosperity. 

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GLOBENEWSWIRE (Distribution ID 9081778)

Green energy opportunities for Middle Eastern HWNIs at the Investment Gateway Summit

Basseterre, April 01, 2024 (GLOBE NEWSWIRE) — The Investment Gateway Summit in St. Kitts and Nevis presents Middle Eastern high–net–worth individuals (HNWIs) an exclusive opportunity to venture into green energy investments.  

St. Kitts and Nevis is set to make a significant impact on the global stage as it hosts the prestigious Investment Gateway Summit from 11 to 15 May. As the summit welcomes Middle Eastern HNWIs and top institutional investors worldwide, it presents a unique opportunity for collaboration and investment in renewable energy projects. 

St. Kitts and Nevis is going beyond conventional expectations by prioritising sustainability and environmental stewardship. The decision to focus on green energy initiatives aligns with the nation's goal of reducing carbon emissions and transitioning towards a more sustainable future. 

This exclusive gathering of global investors is not only a showcase of the nation's economic potential but also a testament to its commitment towards green energy initiatives. 

By exploring numerous opportunities and engaging in collaborative efforts with industry stakeholders, investors can play a significant role in driving sustainable energy development both regionally and globally. 

A chance to connect with other industry leaders 

The Summit will host networking events and forums where Middle Eastern investors can connect with industry experts, policymakers, and fellow investors. These interactions will foster collaboration and partnership opportunities in the green energy sector. 

Workshops and panel discussions will focus on different subjects including green energy investment trends, regulatory frameworks, and technological advancements providing valuable insights for Middle Eastern investors. Collaborative sessions will also encourage knowledge exchange and idea sharing among participants. 

The St. Kitts and Nevis Government is pushing towards creating a “green economy” and attracting more investments to manufacture solar panels, other parts for the solar industry, and geothermal energy to create more high–paying green jobs for its citizens. Geothermal energy promises to make St. Kitts and Nevis the first nation independent of fossil fuels for electricity generation, marking it the greenest place on earth. With new ambitions on their way, the twin–federation has a fantastic opportunity for investors in the renewable energy sector. 

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GLOBENEWSWIRE (Distribution ID 9081780)

Economic citizens welcomed home to collaborate at the St Kitts and Nevis Investment Gateway Summit

Basseterre, April 01, 2024 (GLOBE NEWSWIRE) — St. Kitts and Nevis is gearing up to host their inaugural Investment Gateway Summit, which is a once–in–a–lifetime experience for its economic citizens to ‘connect, collaborate and celebrate’ with like–minded global investors. The Summit will take place from 11 to 15 May at the St. Kitts Marriot Resort, displaying world–class sustainable business and investment development practices in the twin–federation.

The St. Kitts and Nevis Investment Gateway Summit isn't just about scripted speeches or glossy brochures—it's about real conversations and tangible opportunities that global citizens can explore. The Summit also offers a range of opportunities to connect with industry leaders and fellow entrepreneurs. 

With hundreds of attendees from countries spanning the globe, including the United Arab Emirates (UAE), Nigeria, Egypt, South Africa, Singapore, China, and more, the Summit promises unparalleled networking prospects. 

Strategic Partnerships 

The 5–day long event will bring together economic citizens, policymakers, corporate leaders, business delegations, academia, and think tanks from across the globe to collectively explore business opportunities and forge new partnerships. 

Local exhibitors and international sponsors will have a unique opportunity to showcase their businesses and promote their brands to this niche audience.  

The Investment Gateway Summit is an opportunity for key stakeholders from businesspeople, economic citizens and governments to collaborate in sustainable development and connect for long–term collaborations. Participants will gain exclusive access to expertise and invaluable resources from reputable global leaders and investors.  

The Summit will have interactive networking sessions, and panel discussions, including experiences around the twin–federation

Business Opportunities 

St. Kitts and Nevis is a prime business location in the Caribbean that offers eco–business practices and growth opportunities. Numerous factors make the twin–federation a favourable business environment, these include the country’s strategic location forming part of a gateway for international trade and investments.  

Investment Gateway Summit Programme 

Each day the detailed agenda is packed with exciting events that will take place, such as an exclusive opportunity to celebrate with the Prime Minister of St. Kitts and Nevis, Honourable Dr. Terrance Drew in a private Gala Dinner, alongside other economic citizens and special guests. 

The Gala Dinner is strictly by invitation, as there are limited tickets available, this will be your opportunity to connect, celebrate and collaborate with economic citizens, share values and inspiration. 

The Programme includes unique opportunities for its guests to explore the idyllic island through events such as the St. Kitts Scenic Railway, create a memorable cultural experience on the Frigate Bay Strip, and learn about one of UNESCO’s World Heritage Sites, the historical Brimstone Fortress. 

Partner with Us 

Interested in promoting your brand, business services, or exploring sponsorship opportunities? Please leave a comment here along with your inquiry in the contact form, and we will promptly respond with details on available packages. 

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GLOBENEWSWIRE (Distribution ID 9081853)

St Kitts and Nevis leads the regional agreement on Citizenship by Investment regulations

Basseterre, March 25, 2024 (GLOBE NEWSWIRE) — In a historic move for the Caribbean, St Kitts and Nevis, one of the countries with a Citizenship by Investment Programme  (CBIP), and part of the Organisation of Eastern Caribbean States (OECS), the nation’s leadership has worked tirelessly with its partner OECS jurisdictions to enhance the integrity of CBIPs in the region. The twin–island federation alongside Antigua & Barbuda, the Commonwealth of Dominica, and Grenada agreed on mutual legislation, through the signing of the Memorandum of Agreement (MOA), which is aimed at a regional effort to strengthen the CBIPs and address international partners’ concerns surrounding CBIPs. 

Caribbean CBIPs are designed to obtain foreign direct investments (FDIs) to support socio–economic developments in exchange for citizenship through thorough stringent due diligence processes. 

St Kitts and Nevis is one of the CBI countries that have implemented initiatives that include a fixed minimum investment amount to ensure that the CBIP maintains its integrity and enhances confidence from its international partners. 

The current Charmain of the OECS, Prime Minister of St Kitts and Nevis, Honourable Dr. Terrance Drew, spearheaded this initiative to enhance collaboration among the five Caribbean CBI countries. This Memorandum of Agreement is a clear indication that St Kitts and Nevis, among the other three Caribbean CBI nations, are prepared to make necessary adjustments that will benefit CBIPs, Caribbean citizens and international stakeholders. 

Honourable Dr Drew stated that “the four small island developing States who signed this Memorandum have committed to increase and harmonise the minimum investment threshold of their CBIPs to an investment sum of at least US$200,000 no later than June 30, 2024, and more importantly, to bring an end to ’underselling’, a scourge on the CBI industry in the recent past. We have therefore agreed that the minimum investment thresholds for our CBIPs shall represent the actual amount of funds received and applied towards an applicant’s qualification under our respective CBIPs, and not the gross amount of funds paid by an applicant from which deductions, including the payment of commissions, are made.” 

The Memorandum of Agreement dated 20 March 2024, outlines raising the minimum investment threshold to US$200,000 to be initiated by 30 June. The agreement addresses other aspects including sharing information on CBIP applicants; enhancing transparency measures, establishing a regional competent authority; setting common standards of communication and promotion; regulating agents; and facilitating joint training programmes. 

St Kitts and Nevis is the pioneer of CBIPs and since its establishment in 1984, it continuously welcomes suggestions and spearheads reform in the wider migration industry. In this instance, St Kitts and Nevis and Caribbean CBIP countries have collectively adopted CBI legislation that maintains the integrity and security of Caribbean CBIPs. Although ahead of the curve, St Kitts and Nevis introduced new legislation last year addressing many of these areas now reflected in the Memorandum of Agreement, including increasing the investment thresholds.  

The Head of St Kitts and Nevis Citizenship by Investment Unit (CIU), Mr Michael Martin, has diligently supported the Government to ensure measures are in place, including efforts to prioritise strengthening due diligence processes to maintain the CBIPs' integrity and competitiveness in the industry. 

Standardising the minimum investment requirements will safeguard the importance of Caribbean CBIPs, improve security measures and reduce risks of CBIP countries not receiving the necessary FDI to develop their economies. 

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GLOBENEWSWIRE (Distribution ID 9078616)

St Kitts and Nevis Paves the Way for its Global Citizens to “Connect, Collaborate and Celebrate” at the Investment Gateway Summit

Basseterre, March 08, 2024 (GLOBE NEWSWIRE) — The Government of St Kitts and Nevis have ushered in a new era of investing through the “Investment Gateway Summit”, calling for its economic citizens to visit their home. Global investors and high–net–worth individuals (HWNIs) can explore endless opportunities whilst being hosted by the Government. 

The Prime Minister of St Kitts and Nevis, Honourable Dr. Terrance Drew, along with his Government, extends a personal invitation to citizens and investors to attend the exclusive inaugural Investment Gateway Summit from 11 to 15 May 2024.  

This significant event is an opportunity for Kittian and Nevisian citizens around the world to return home to discover how the twin–island federation is utilising economic diversification to advance developments and our citizens. 

This personal invitation from Honourable Dr. Drew, is an experience not to be missed to learn about the Sustainable Island State Agenda from the Government and key speakers , while connecting and building with visionary leaders, global businesspeople, and economic citizens. 

During the five–day Summit, economic citizens can engage and interact with national leaders and global experts. They can also explore the natural wonders the islands have to offer, with unique premium experiences to share with the world. 

Please click here to secure your exclusive spot at the Investment Gateway Summit. 

What to Expect from the Summit? 

As an economic citizen, this will be your opportunity to connect with like–minded individuals in various businesses and network with businesspeople. 

Economic Citizens will have the opportunity to experience firsthand what initiatives St Kitts and Nevis are engaging in and the progress of each development. 

Learn about St Kitts and Nevis’ economic outlook for 2024 and beyond in addition to understanding how economic diversification can inspire change. Investment–led projects in the twin–federation and how you can become part of these exciting developments will be presented. 

Gain insights into the Sustainable Island State Agenda and why it is an essential element in the “Investment Gateway Summit” in May 2024. 

The Sustainable Island State Agenda key focus is on seven pillars: 

1. Food security 

2. Green energy transition 

3. Economic diversification 

4. Developing the Creative Economy 

5. Post–pandemic recovery 

6. Attract and support sustainable organisations 

7. Extend social protection and safety for vulnerable individuals 

These seven pillars form part of the Sustainable Island State Contribution (SISC), which is an exciting new investment option under the Citizenship by Investment (CBI) Programme. 

The SISC is an opportunity to contribute to the development of a new nation. It's a secure and sustainable option for savvy investors looking to make a strategic investment. 

Collaborative sustainable development initiatives will nurture economic and community development and extend shared values of excellence. 

“Connect, Collaborate and Celebrate” with Us 

If you're interested in promoting your brand, business services, or exploring sponsorship opportunities, feel free to leave a comment here along with your inquiry in the contact form. We'll promptly respond with details on available packages. 

Tickets are limited – make sure to get your early bird tickets! 

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GLOBENEWSWIRE (Distribution ID 9060634)

St Kitts and Nevis unveils the Investment Gateway Summit

Basseterre, Feb. 29, 2024 (GLOBE NEWSWIRE) — The Government of St Kitts and Nevis proudly announces a landmark achievement in its ongoing commitment to realising the Sustainable Island State Agenda. In a ground–breaking move, the nation unveils an unprecedented initiative aimed at fostering collaboration and investment to propel the twin–federation into a prosperous future. 

This pivotal moment not only signifies a significant stride towards sustainability but also underscores the Government's visionary approach to uniting its global citizens. In an extraordinary display of inclusivity, St Kitts and Nevis extends its arms to every citizen worldwide, ushering them to partake in shaping the nation's trajectory. 

The Government will host their inaugural event, “The Investment Gateway Summit” in May, marking a historical moment in the country’s journey towards fulfilling the Sustainable Island State Agenda. This momentous event presents an unparalleled opportunity to collaborate and invest in shaping the future of the twin–federation. 

It’s a personal invitation from the Prime Minister of St Kitts and Nevis, Honourable Dr. Terrance Drew, and his Government to engage citizens and investors to come to the country for this exclusive inaugural Investment Gateway Summit taking place from 11 to 15 May 2024! 

Through this forward–thinking endeavour, the Government unites individuals under a common banner – that of being a proud citizen of St Kitts and Nevis, while fostering opportunities for success as entrepreneurs, investors, and innovators. 

Each day of the five–day Summit promises unique events and interactions with the leaders of the country and global experts to ensure an engaging and interactive experience in the twin–island federation.  

Who will attend the Summit? 

This Summit is all about the St Kitts and Nevis citizens. The event also promises a mix of discerning investors, and high–net–worth individuals (HNWIs) seeking prospects; prospective Citizenship by Investment (CBI) applicants and entrepreneurs, CEOs and C–Suite businesspeople and the wider investor immigration community.  

Why is this Summit not to be missed? 

This is an opportunity to connect with like–minded global citizens, investors, HNWIs and special guests, as well as identify potential new business opportunities in the idyllic twin–island federation. This unique platform will unlock new ventures for growth throughout various sectors of the country’s economy, including agriculture, information technology, renewable energy and tourism. 

From diverse panel discussions and networking opportunities to exclusive investment highlights and site visits, the Summit is crafted to connect, collaborate and celebrate the country and its global citizens. 

Investment Opportunities in St Kitts and Nevis 

To showcase St Kitts and Nevis’ commitment to the Sustainable Island State Agenda, the Summit will highlight initiatives that global investors can participate in to nurture community development, empower businesses and foster growth and development. 

The Government of St Kitts and Nevis together with the Citizenship by Investment Unit (CIU) look forward to hosting this riveting event and opening their nation‘s doors to explore the twin federation’s active investment projects, spectacular beaches, distinct tourism amenities and luxury accommodation. 

Please click here to secure your exclusive spot at the Investment Gateway Summit. 

This is not just a unique investment opportunity in a tropical Caribbean country, it is a meeting of minds to form meaningful connections, through engaging workshops and insightful panel discussions. Additionally, the Government aims to build strong communities with shared values of excellence. 

Get Involved 

Should you like to promote your brand, business services or enquire about sponsorship opportunities, you can leave your comment here with your interest in the contact form, and you will receive a response with available packages. 

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GLOBENEWSWIRE (Distribution ID 9055739)

St Kitts and Nevis crowned as best destination to invest in according to 2023 CBI (CITIZENSHIP BY INVESTMENT) Index

Basseterre, Sept. 15, 2023 (GLOBE NEWSWIRE) — St Kitts and Nevis has been recognised as the best CBI destination in the 2023 edition of the CBI Index, trumping 11 other countries with active citizenship by investment (CBI) programmes.

The country, which has made several sweeping changes to its CBI Programme in the last year, took top honours, scoring 77 points in a race between nations such as Dominica, Saint Lucia, Grenada, Antigua & Barbuda, Malta, Vanuatu, Turkey, Egypt, Austria, Cambodia, and Jordan.

The 2023 CBI Index noted that St Kitts and Nevis has been the most proactive CBI nation in the Caribbean when it comes to responding to security concerns raised by Western nations. The country "stands out for taking immediate and decisive action based on the "Six Principles' framework. Moreover, it underscores a political will to take a proactive leadership role in the long–term sustainability of the industry through good governance, enhanced due diligence, and regional harmonisation with international partners.'

Now in its seventh year, the CBI Index utilises its established nine–pillar index architecture to provide investors with a data–driven framework with which to measure the performance and appeal of global CBI programmes. The nine pillars include Standard of Living, Freedom of Movement, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

St Kitts and Nevis scored full marks in Mandatory Travel or Residence, Ease of Processing, Due Diligence and Certainty of Product pillars.

The Mandatory Travel or Residence pillar examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship. St Kitts and Nevis does not have travel or minimum residency requirements for its programme, making it straightforward for busy entrepreneurs and global citizens to attain citizenship in the country.

The Ease of Processing pillar measures the end–to–end complexity of the CBI application process. The overall effortlessness of the application process is a particularly vital component, and the promise of a smooth, hassle–free process can generate readiness to engage with a programme.

The Due Diligence pillar measures a programme's integrity. St Kitts and Nevis retains its top position from the previous year due to the Citizenship by Investment Unit's changes made as part of a rapid implementation of the "Six Principles,' which include mandatory interviews and measures to stop financial irregularities in the real estate option to safeguard the Programme's reputation.

The Certainty of Product pillar encompasses a range of factors that measure a programme's certainty across five different dimensions including longevity, popularity and renown, stability, reputation, and adaptability. As the only country to attain a perfect score in this category, St Kitts and Nevis' performance reflects not only its swift response to the recent unprecedented international pressure imposed on all Caribbean CBI programmes, but its continuous proactive approach to instituting industry leading changes.

"I am thrilled to once again to have the St Kitts and Nevis CBI Programme recognised as the best in the industry," said Michael Martin, Head of the St Kitts and Nevis Citizenship by Investment Unit.

"This recognition by the CBI Index is another confirmation of why St Kitts and Nevis should be the first choice for any global investor. For four decades we have crafted solid, innovative and sustainable investment solutions, giving investors the confidence to attain their goals in the global arena."

St Kitts and Nevis continues to provide an exemplary model to the investment migration industry. The country made bold changes to its Programme at the end of 2022 and further changes in July, the latter changes convincingly addressed security concerns raised by the United Kingdom, the European Union and previously the United States.

The country hosted four of the Caribbean's CBI nations, along with a delegation from the United States, who all agreed on 6 Principles to be followed by the Caribbean nations. While many of the security measures were already in place as part of St Kitts and Nevis' due diligence processes, the country was one of the first to institute mandatory interviews with applicants aged 16 years and older.

St Kitts and Nevis has also tightened regulations around how Authorised Agents and International Marketing Agents operate, requiring them to have their businesses registered under the laws of St Kitts and Nevis and limiting how they may advertise the St Kitts and CBI Programme internationally.

Other legislative changes include increased minimum investment thresholds, revised dependant eligibility, and the closing of loopholes for real estate investment options.

St Kitts and Nevis has shown the most commitment to upholding the integrity and reputation its CBI programme in the international arena.

The CBI Index is a rating system designed to assess the performance and appeal of active CBI programmes across a diverse range of indicators and measures. Its purpose is to bring value to the CBI industry by providing a data–driven and practical tool for appraising programmes and facilitating the decision–making process for individuals considering them.

The CBI Index stands as one of the most recognised and reputable rating tools in the investment migration industry and has a reputation for providing valuable industry insights and knowledge.


GLOBENEWSWIRE (Distribution ID 8923046)

The Government of St Kitts and Nevis celebrates a year in office with key accomplishments

Basseterre, Aug. 23, 2023 (GLOBE NEWSWIRE) — The Prime Minister of St Kitts and Nevis, Honourable Dr. Terrance Drew, addressed the nation recently on St Kitts and Nevis' Labour Party's (SKNLP) one–year anniversary and outlined some of the Party's successes in that period.

After Honourable Dr. Drew consulted with experts during the pandemic, he made the bold decision to lift Covid–19 restrictions. This decision supported the survival of the tourism sector.

Honourable Dr. Drew, shared on social media his gratitude for the support the government received from local citizens and noted the country's latest developments, he outlined SKNLP administration's critical achievements from August 2022 to August 2023, which include:

Growth in the education sector

The government has significantly reduced student loan interest rates from nine per cent to five per cent at the Development Bank. And student loans received interest–free debt relief for the first time in a little over four years.

The government implemented a "Graduate Finance' Project with ECD$15,000 credit for students with loans at the Development Bank and other banks. With an additional ECD$25,000 grant for students applying and studying relevant undergraduate or graduate programmes.

Sports and recreation

St Kitts and Nevis Ministry of Sports, under the leadership of Samal Duggins, has launched numerous initiatives as part of the government's achievements, such as:

  • Transforming Lambert's playing field to be used to attract more citizens to partake in sports activities on the field.
  • Restoration project in the Warner Park Cricket Stadium to host international games and support the growing tourism sector in the country.

Economic growth

Indigenous financial institutions in the country now provide zero down payment for mortgages, which makes it possible for homeowners to qualify to purchase their dream home on the twin island nation.

The government–subsidised Fuel Variation Charge (FVC), and the cost of fuel and electricity subsided to ECD$9 million per month.

The first Citizenship by Investment (CBI) dividends were paid out to CBI investors in December 2022 and in June 2023, indicating that the St Kitts and Nevis CBI Programme has shown strength in economic development.

During the first year of the new SKNLP administration in office, the government received the highest tax collection through inland revenue, despite no tax increases and new taxes. Small businesses in the country impacted by the COVID–19 pandemic received ECD$20,000 Small Business Loans from the Development Bank.

The government was able to reinstate its Gratuity payouts for retired Government Auxiliary Employees (CAE) with a minimum of 10 years of service.

Growth in the tourism sector

The government increased the number of different airlines to the destination with Caribbean Airlines, InterCaribbean Airlines and JetBlue Airlines to the country's airlift. The "Venture Deeper" tourism brand campaign was launched to diversify tourism initiatives.

Honourable Dr. Drew and his administration welcomed the world's largest cruise liner, Wonder of the Seas, to its port. Additional, extended discounted value–added tax days to three times a year "" in Easter, Summer and Christmas festive seasons. And duty–free import of food up to 400lbs, including a duty–free allowance of US$200 for travellers and non–commercial importers.

Changes in the country's legislation

The Government of St Kitts and Nevis improved its good governance by implementing changes to laws being passed to support and protect the country's diverse communities, which include:

  • A Domestic Violence Act to protect women, men and children who are exposed to and affected by domestic violence.
  • Alterations were made to the Eastern Caribbean Central Bank legislation, and the African Export–Import Bank (Afreximbank) Agreement Act was created for the country to access ECD$1.5 billion of capital to develop projects in electricity and energy, water and various other sectors.

Housing project launched

The government commitment is to build 2,400 affordable hurricane–resilient smart homes in four years that will be built in four phases. Each phase will construct 600 homes, with features for each new homeowner to enjoy, including a water tank and a rooftop water heater in each home.

Growth in the healthcare sector

Honourable Dr. Drew added that there are healthcare initiatives to provide essential healthcare to disadvantaged children through paying for emergency overseas medical care. This initiative saved over thirty sick children in the twin federation.

The above accomplishments were achieved by critical steps to preserve the economy and tourism sector. St Kitts and Nevis' economy ricocheted in the last year with significant growth in the agriculture, financial services, and tourism sectors. As well as advancing the Citizenship by Investment (CBI) Programme, with new regulations to maintain competitiveness in the Caribbean and in the rest of the world.

The government placed emphasis on job creation and permanent employment opportunities for the country's people, these subsequently boost the economy and significantly improve the livelihood of citizens.

The Government of St Kitts and Nevis' vision is to evolve the country into a Sustainable Island State by focusing its governance on integrity, transparency, and accountability. Their commitment is to build a stronger country and empower its citizens.


GLOBENEWSWIRE (Distribution ID 8899755)

St Kitts and Nevis announces further monumental changes to its Citizenship by Investment Programme

Basseterre, July 27, 2023 (GLOBE NEWSWIRE) — Today, the Government of St Kitts and Nevis proudly announces further groundbreaking changes to its Citizenship by Investment Programme, a move that signals the country's intention to remain as the reference point for the international investment migration industry. The monumental changes have been made to ensure that only high net worth investors and persons who value the citizenship of St Kitts and Nevis are attracted to the Programme.

For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry, charting new territory with forward–looking solutions based on solid legislative principles and strict due diligence policies. The Programme has allowed the nation to thrive, giving Kittitians and Nevisians the opportunity to advance without overreliance on international financial aid.

The new changes, further to those made in December 2022, are aimed at safeguarding the nation's integrity, making the Programme sustainable and preserving the privileged status of being a citizen of St Kitts and Nevis.

"Today, St Kitts and Nevis takes another bold step in reaffirming our intention to not only offer the best Citizenship by Investment Programme in the world, but also to offer a programme held together by a tight regulatory system designed to be a best–in–practice defence mechanism against illicit actors and those who try to bypass our high–end investment and contribution options. We are continuously committed to preserving the exclusivity and prestige associated with being a citizen of St Kitts and Nevis," said Prime Minister the Hon. Dr. Terrence Drew.

"This Government has always taken a considered approach when making decisions that impact not only the people of St Kitts and Nevis, but the international community as well. We have done some deep introspection, analysed the Programme, spoken to our international partners and have decided that now is the right time to show the world, as we did in December 2022, that our citizenship is not accessible to those who do not value our citizenship or understand what St Kitts and Nevis has to offer the world. We will continue to engage with the international community to provide clarity and assurance to investors that St Kitts and Nevis is a safe destination for long term investments," continued Prime Minister Drew.

"Since coming into office less than a year ago, I have sought to work with well–intentioned partners who share my vision of where we can take our island nation on the global stage. We have done everything in our power to protect and advocate for the good name of St Kitts and Nevis. We have continuously instituted changes that will not only alleviate the concerns of our international stakeholders and position us as a compelling emerging market destination for authentic foreign direct investment, but these changes are also aimed at ensuring that our people continue to be proud to be called a citizen of St Kitts and Nevis."

The Government of St Kitts and Nevis has made further sweeping changes to its Citizenship by Investment Programme, which include the introduction of a new investment option called the Sustainable Island State Contribution (SISC). The SISC replaces the previous Sustainable Growth Fund (SGF) and investors contributing towards this option will be advancing St Kitts and Nevis into a Sustainable Island State based on the following seven pillars:

  1. Increasing local food production;

2. Transitioning to Green Energy;

3. Diversifying the economy;

4. Attracting and supporting sustainable industries;

5. Evolving the Creative Economy;

6. Recovering from the impacts of the COVID–19 pandemic; and

7. Expanding social protection and safety nets to protect the most vulnerable.

Contributions start from US$250,000 for one applicant only and increase as a spouse or dependants are added. For a family of two, the contribution amount increases to US$300,000 and for a family of three or four, the minimum Sustainable Island State Contribution is US$350,000.

The minimum amount for investing in the Developer's Real Estate Option is now US$400,000. The property must be held for a period of seven years and can be re–sold, once, to another purchaser who wants to apply for Citizenship by Investment.

An Approved Private Home, which can be a condominium or single–family dwelling, qualifies to be sold as a Citizenship by Investment option if a minimum investment of US$400,000 is paid to the condominium owner or US$800,000 is paid to the single–family dwelling owner, by the main applicant.

Again, the private home must be held for a period of seven years and cannot be sold to another purchaser who wants to apply for Citizenship by Investment unless the Federal Cabinet is satisfied that substantial further investment was injected into the real estate by way of further construction, renovation or otherwise.

A public benefit unit in an Approved Public Benefit Project will qualify for Citizenship by Investment, if a minimum contribution of US$250,000 is paid to the Approved Public Benefactor by the main applicant. This option is limited to Approved Public Benefactors who, by their projects, maximise local employment; embark upon programmes including transfer of technology and local capacity building; transfer all real estate to the State on substantial completion; and assume all financial risks.

Investors applying for Citizenship by Investment are now required to have a mandatory interview either virtually or in person at a location specified by the Citizenship by Investment Unit and approved by the Board of Governors. Interviews will be conducted by an independent professional firm commissioned by the Citizenship by Investment Unit, who will also perform background due diligence checks, or the Unit itself.

All background due diligence checks will be commissioned by the Citizenship by Investment Unit and will be conducted by independent professional firms from the United Kingdom, USA and Europe, and in accordance with the requirements set by the Board of Governors.

Once the Citizenship by Investment application has been approved, all processes and due diligence checks are finalised and the investment is made, a Certificate of Registration will be issued to the main applicant. The Certificate of Registration must be collected in person in St Kitts and Nevis or at an Embassy or Consulate specified by the Citizenship by Investment Unit as approved by the Board of Governors.

Further, the Board of Governors have been empowered to regulate all Authorised Agents and International Marketing Agents, who must have their businesses registered under the laws of St Kitts and Nevis. Major limitations have also been included with respect to the methods by which the St Kitts and Nevis Citizenship by Investment Programme is to be advertised internationally.

"In this ever–changing and unpredictable world, it is imperative that the Government of St Kitts and Nevis and its Citizenship by Investment Programme continue to adapt to the needs of our people and to attract the right kind of international investment necessary to uplift our country. While we have always been the benchmark of the global investor immigration industry, we understand that in order to remain as one of the most sought–after economic citizenship programmes in the world, we need to continue to evolve and forge a path for ourselves that is sustainable in the long term," added Mr. Michael Martin, Head of the country's Citizenship by Investment Unit."

The changes aim to boost international investor confidence and bolster St Kitts and Nevis' reputation globally.

St Kitts and Nevis continues to demonstrate the traits that underpin its resilience, growth ambitions and willingness to cooperate with international counterparts. These include a competent, responsive, skilled and credible Citizenship by Investment Unit with several layers to solidify the integrity of the Unit including a Board of Governors and a Technical Committee. The country also has a stable political system and macroeconomic framework, consistency in the enforcement of law by the independent judiciary, a vibrant and resourceful private sector and a free and independent media.

St Kitts and Nevis wish to attract distinguished applicants who have demonstrated exceptional accomplishments, possess substantial investment capabilities, and are committed to making significant contributions to the country's growth and development."

The primary objective of this approach is to ensure that St Kitts and Nevis maintains the highest standards of citizenship and fosters a vibrant community of nationals who share a common vision for the nation's advancement."St Kitts and Nevis is on a path toward sustainable growth and the changes to the Citizenship by Investment Programme show a clear direction that the country is setting itself apart.

High net worth persons looking to invest in professionally regulated projects or contribute meaningfully towards societal advancement, should choose St Kitts and Nevis.


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