Last Updated on July 12, 2023, 11:42 AM AST by Anthony Morris
The leader of the St Kitts and Nevis Citizenship by Investment Unit, Michael Martin has been making significant changes to the longest standing citizenship programme in the world to make it align with the needs and requirements of the high net worth individuals. Since he has taken up the responsibility for the CIU, Martin and his team are making significant efforts to improve and strengthen the programme.
In line with this, the team at the Citizenship by Investment Unit of St Kitts and Nevis has introduced several new features to the Programme so that they can streamline all the processes associated with obtaining the alternative citizenship of St Kitts and Nevis. In this regard, the best example of their success is the Sustainable Growth Fund.
Under the leadership of Michael Martin, the CIU had introduced a Limited Time Offer under the Sustainable Growth Fund. Under the LTO, investors and high net worth individuals from around the globe get the chance to become a part of the longest running and most trustworthy Citizenship by Investment Programme of the world. The investment which the HNWIs need to make under the Limited Time offer goes as Follows:
- Single applicant – US $125,000
- Main applicant and a spouse – US $150,000
- Main applicant and up to three dependants – US $170,000
- Each additional dependant under 18 – US $10,000
- Each additional dependant over 18 – US $25,000
With the Limited Time Offer, investors can get a remarkable deal with a number of benefits for a comparatively smaller investment. Accordingly, the Sustainable Growth Fund has emerged as the most sought after and popular route to getting an alternative citizenship of St Kitts and Nevis. Due to the increased popularity and demand for the Sustainable Growth Fund, the team at the Citizenship by Investment Unit, Headed by Michael Martin has extended the Limited Time Offer (LTO) for another seven months.
Michael Martin stated that they have taken this step to allow the investors the opportunity to benefit from the LTO for an additional seven month period. Owing to the extension, the offer will now expire on January 31, 2024. The CIU has also clarified that this will be the final extension to the Limited Time Offer.
Anthony Morris covers stories related to politics and regional developments. His in-depth reporting about governance and reforms makes him stand out in regional journalism, with a deep analysis of political trends and their impact on Caribbean communities.
