Industry News
PM Harris: St. Kitts has issued 16,544 economic citizenship's to date

In operation since 1984, the St. Kitts and Nevis Citizenship-by-Investment programme (CIP) is the world’s oldest and most established CIP. In its 33 year history to date, the country has issued 16,544 CBI passports, according to Prime Minister Timothy Harris.

 

Interestingly, 4,000 (roughly 25%) of these were issued in the last 3 years alone, meaning that in the previous 30 years the programme has been running, roughly 12,500 passports were issued to investors.

 

The number of passports granted means that the country, which is home to just under 55,000 people, has granted passports/economic citizenship to investors totalling a third of its resident population.

 

In addition to revealing the number of investors to be awarded economic citizenship, Prime Minister Harris also revealed that the country plans to utilise “skills” and “experience” of these investors to provide a continuous benefit to the country thereby making it even more successful.

 

Earlier this year, Prime Minister Harris hailed the programme as a success, particularly in recent years “This success is due to the hard work that we have invested in improving the programme since Team Unity took office about three years ago. We have improved the efficiency, enhanced its good governance and insisted on high standards of due diligence. As a result, the St. Kitts and Nevis CBI programme is recognised throughout the world as the platinum standard.”

 

It is easy to see why the programme has been such a hit with investors, with investors receiving visa-free access to 139 countries globally, dual citizenship recognition and a fast processing time. Moreover, the programme confers 2 attractive investment options including a €150,000 government donation and a €400,000 government approved real estate investment.

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