World

St Kitts and Nevis: CIU Head Michael Martin to announce revolutionary guidelines in CBI Programme

St Kitts and Nevis: The Citizenship by Investment Unit of St Kitts and Nevis has appointed Michael M Martin as a new head on December 13, 2022. After being elected as the new head, Michael assured that the CIU unit would introduce new reforms that would contribute to the enhancement of the integrity and competitiveness of the CBI Programme.

He mentioned that he would ensure that CIU will remain committed to strengthening the “prestigious” citizenship by investment programme of the twin-island nation of St Kitts and Nevis. He stated that he would remain to perform his duties with all his heart.

The Citizenship by Investment Unit has stated that the newly appointed leader Michael Martin will announce some revolutionary guidelines on December 27, 2022 (Tuesday). These new guidelines will boost the integrity of the world’s oldest and most premium standard Citizenship by Investment Programme, as per the CIU of St Kitts and Nevis.

Expectedly, the investors and high net-worth individuals (HNWIs) are eagerly waiting for the announcement as it may be path-breaking. The new announcement will make sure that the reputation of the CBI Programme is maintained as one of the most powerful across the globe.

Citizenship by Investment Programme is regarded as one of the primary strengths of the country. It has been providing benefits to global investors for nearly 40 years. Because of the same, the government has been adopting ways to enhance as well as strengthen its CBI Programme. While announcing his first-ever budget address, Prime Minister Dr Terrance Drew outlined that the government will diversify the programme to benefit all stakeholders, investors and developers, locals and international marketing agents.

Prime Minister furthermore welcomed the bold and creative top-notch investors to the shores of St Kitts and Nevis to contribute to the development of innovative industries. PM Terrance Drew mentioned that the government will utilize the funds generated for the advancement of infrastructure and real estate developments.

As per PM Drew, the new changes would bring substantial benefit to the citizens of the country. PM Drew stated that the government would perfectly utilize the funds generated through CBI Programme to improve the sectors like healthcare, social services, energy and water security.

St Kitts and Nevis has been regarded as one of the oldest Citizenship by Investment Programme providers. The programme was launched in the year 1984 and is known as the Platinum Standard of the industry. The CBI Programme offers benefits like global mobility, fast processing time, wealth planning, portfolio diversification and various business opportunities. An interested investor may apply for citizenship by investment programme of St Kitts and Nevis through Sustainable Growth Fund (SGF). The minimum investment required under the Fund Option starts from USD 150,000.

Zurab Kvaratskhelia

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