by Khareem Cabey 
In a world where investment migration is a path sought by many, the Federation of St. Kitts and Nevis stands out, not only for its desirable Citizenship by Investment (CBI) Programme but also for its unyielding commitment to due diligence and the safeguarding of its international reputation. Prime Minister Hon. Dr. Terrance Drew has assured that his government’s dedication to these principles is unwavering, and enhancements to the CBI programme’s due diligence process are a testament to this pledge.
The CBI programme, which has been lauded by the Financial Times’ CBI Index as a global leader, continues to innovate its security measures. A three-tiered security structure is being implemented, which includes the establishment of an international security office to monitor the status of new citizens. These added layers are designed to not only protect the interests of the country but also to bolster international investor confidence, signifying the Federation’s standing as a responsible member of the global community.
Recent updates to the CBI regulations, effective from February 9, 2023, further illustrate the government’s resolve. These include lowering the minimum eligible age for dependent parents or grandparents, introducing expedited application processing, and adjusting investment amounts for the Sustainable Growth Fund (SGF). A highlight is the implementation of premium due diligence fees for accelerated applications, underscoring the importance of thorough background checks.
Furthermore, Prime Minister Drew’s administration has introduced mandatory interviews for all CBI applicants, conducted by the Citizenship by Investment Unit (CIU) and approved by the Board of Governors. This step, along with background checks carried out by independent firms from the UK, USA, and Europe, ensures that the programme operates with the highest levels of integrity, transparency, and accountability.
St. Kitts and Nevis’ CBI programme has set a new precedent in the investment migration industry. The government’s swift actions in enhancing the programme’s regulations are not just about maintaining the status quo but are aimed at propelling the programme to new heights of excellence, governed by the principles of sustainability, good governance, and pragmatism. This forward-thinking approach has not only fortified the programme’s integrity but has also paved the way for significant foreign policy achievements, such as the recent visa-free access to the Kingdom of Saudi Arabia, demonstrating the international community’s trust in the Federation’s commitment to security and proper governance.
The measures and improvements introduced by the government of St. Kitts and Nevis signify a strong and responsive leadership that is acutely aware of the evolving dynamics of global migration and investment. By assuring rigorous due diligence and enhancing the CBI programme, St. Kitts and Nevis stand firm in its promise to protect its people and its reputation, thereby ensuring that its CBI programme remains a top-tier option for investors worldwide.
