Last Updated on August 17, 2023, 2:32 PM AST by Anthony Morris
The head of the Citizenship by Investment Unit of St Kitts and Nevis, Michael Martin has remained highly committed to the constant upliftment and evolution of the Citizenship by Investment Programme of the country. In order to retain the reputation of the Citizenship by Investment Programme, the CIU has introduced several new features and initiatives for the benefit of the programme.
One of the steps that they have taken to uplift and promote the longest running Citizenship by Investment Programme of the world is the introduction of the Sustainable Island State Contribution. The investment option has replaced the Sustainable Growth Fund. Under this initiative, the Minimum Investment amount for the SISC will also increase to US$250,000.
The leader of the CIU, Michael Martin claimed that the increase in the Minimum Investment amount is designed to protect the prominence and enhance the St Kitts and Nevis Citizenship by Investment Programme to make it the best in the investment migration industry.
For the newly installed Sustainable Island State Contribution, investment amounts are prescribed as follows:
-Minimum contribution for one applicant – US$ 250,000
– Minimum contribution for a family of two – US$ 300,000
– Minimum contribution for a family of three or four – US$ 350,000
– Due diligence for a single applicant – US$ 10,000
– Due diligence for a family of two – US$ 17,500
– Due diligence for a family of three or four – US$32,000
The head of the Citizenship by Investment Unit of St Kitts and Nevis has announced that he wants to ensure that the programme is accessible only to the most serious and prominent high net worth individuals across the globe. As the longest running programme in the investment migration industry, it is important for St Kitts and Nevis to continue providing a high standard of service to their prospective investors. The new changes that the team of CIU under Michael Martin has introduced are a proof of their commitment to continue towards being the best in the industry
It has remained among the most prominent and sought after programme in the world. To retain the reputation of the programme, CIU head Michael Martin announced that they have introduced mandatory interviews.
Michael Martin seeks to maintain the high standards of the programme such that the offerings of the St Kitts and Nevis Citizenship by Investment Programme can reach the investors and HNWIs who are serious about adding to the prestine and remarkable reputation of the programme through their contribution to the economy of the country.
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.
