Basseterre: The citizenship by investment unit of St Kitts and Nevis under the leadership of Michael Martin is reaching new heights. Martin was recently appointed as the CIU head and, since then, has been working hard to upgrade and boost the programme among high-net-worth individuals (HNWIs).
The sustainable growth fund of St Kitts and Nevis has gained immense popularisation. It has become the top choice for investors worldwide looking towards a straightforward way to attain alternative citizenship. The SGF is a one-time investment option into a government-authorized fund to acquire citizenship.
Michael Martin has introduced several changes and offers on the already popular fund option to attract more investors along with Foreign Direct Investment (FDIs) in the Federation of St Kitts & Nevis. The funds generated through SGF are used to support socio-economic projects, which ultimately help build advanced infrastructure.
The CIU head has also introduced a limited-time offer that applies to the fund option, which is valid till June 30, 2023. Under this offer, applicants can get their citizenship in just 60 days without any additional cost of acceleration. The investment amount has also been reduced from USD 150,000 to USD 100,000 for a single applicant under this offer.
Following the introduction of this limited-time offer, interest among HNWIs has surged suddenly. Notably, from July 1 onwards, applicants will be required to pay the additional cost for the acceleration of their application, and the amounts will also return as earlier.
The SGF is an easy as well as straightforward route to alternative citizenship and is an ideal choice for those investors who are looking to get their citizenship without any hassle. Since the appointment of Michael Martin, the CBI unit has witnessed the interest of many applicants diverting from other investment options to the fund option because it is quicker and much more affordable than other options.
It is worth noting the applications under the Sustainable Growth Fund process swiftly and takes less time to complete the entire processing and certification of citizenship.
The government of St Kitts & Nevis launched the limited-time offer after proper discussions with Michael Martin and his team on January 1, 2023. The offer includes a reduced investment amount under all categories along with approval in principal within 60 days of submission after robust due diligence.
Under the limited-time offer, the reduced investment amounts under various categories are as follows (valid till June 30, 2023):
- Single applicant – USD 125,000
- Main applicant and a spouse – USD 150,000
- Main applicant, spouse & two dependants – USSD 170,000
- Each additional dependant under the age of 18 – USD 10,000
- Each additional dependant over the age of 18 – USD 25,000
Michael Martin is working day and night with his team and is also conducting various international meetings to boost the citizenship by investment programme of St Kitts and Nevis and retain its position as the best CBI programme around the world.
Recently in an interview, Martin highlighted that the Sustainable Growth Fund, also known as the fund option, is designed in a way that would enhance development in the nation as well as its people. He added that the CBI unit of St Kitts and Nevis is working to position itself and the investment option as the most efficient and perfect choice to invest in the alternative citizenship of the twin-island Federation.
Launched in 1984, the CBI programme of the twin-island nation is the oldest and is regarded as offering the platinum standard of the CBI programme. The CIU head, Martin, strives to boost the already best programme and make it the first and best choice among investors.
