Last Updated on February 1, 2025, 12:15 PM AST by Anthony Morris
St Kitts and Nevis: The Citizenship by Investment Unit of St Kitts and Nevis has recorded an increase of 169% in the CBI applications since its transition into statutory body in late 2024. In the final quarter of the year from October to December, the unit has seen an upward trend in the number of applications, compared to the previous nine months.
The substantial growth has marked an ideal destination for investment as several steps including the transformation of the government entity into a statutory body. The strategic initiatives have made the unit enhance the integrity, transparency and global approach of the CBI Programme of St Kitts and Nevis.
With the growth, the leadership of Executive Chairman Calvin St Juste has been lauded as he took several steps with his strategic management. The reviewing of over 1000 new applications and successful transformation of the government entity body into a corporate-led model has contributed effectively to the growth of the unit.
In order to streamline and enhance the operations of the unit, Calvin St Juste announced six core business principles which has further cemented its position at the global investment migration industry.
St Kitts and Nevis CBI Programme’s success
Prime Minister Dr Terrance Drew has worked to improve the functioning of the CBI Unit, attracting high-net-worth individuals from across the globe. His innovative approach has enhanced the reputation with a role in advancing the nation’s development goals.
PM Drew noted, “The Citizenship by Investment Programme of St. Kitts and Nevis stands as a benchmark for excellence, integrity in the investment migration industry. The CIU’s transition to a statutory body was a bold step, rooted in our commitment to upholding the highest industry standards and setting a mark for others to follow. This remarkable growth reflects the transformative changes we’ve implemented to ensure transparency and efficiency. We remain steadfast in the vision to revolutionise the CBI industry while driving sustainable development and economic prosperity for our nation. Our commitment to global security remains integral to maintaining the integrity and trustworthiness of our Citizenship by Investment Programme”.
In addition to that, the global tour of the Chairman has enhanced the trust and the reputation of the CBI Programme of St Kitts and Nevis. He worked to enhance transparency and efficiency and promote the “first and finest” approach of the CBI Programme in the industry.
“We are incredibly proud of the progress we’ve made in a short period, but there’s still more work to do. This success is a testament to the dedication of our team and the trust placed in us by our stakeholders. We are committed to maintaining the highest standards of integrity and efficiency while ensuring that the CBI Programme continues to contribute significantly to the economic development of St. Kitts and Nevis,” – Executive Chairman His Excellency Calvin St. Juste.
The unit has pledged to achieve greater success in 2025 with a vision to promote their sustainable island state agenda with a significant contribution into the local and economic development of St Kitts and Nevis.
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.
