Last Updated on March 6, 2023, 11:05 AM AST by Anthony Morris
Michael Martin, the Chief Executive Officer of the Citizenship by Investment Unit (CIU) of St Kitts and Nevis, is hosting a special luncheon with media professionals.CIU St Kitts and Nevis hosted the event at the Taj Dubai Hotel, Burj Khalifa Street, Business Bay Dubai, where the CEO of the unit, Martin, interacted with the media at the luncheon to acquaint them with St Kitts and Nevis’s Citizenship by Investment Programme.
Several important dignitaries, including High Net worth Individuals and agents of the CBI Industries from different parts of the country, attended the event arranged by the Martin-led CIU. Along with the CEO, Minister of Agriculture, fisheries, cooperatives and the creative economy, Samal Duggins was also present at the event.
During the media interaction, the CIU St Kitts and Nevis representative discussed various aspects of the CBI programme of St Kitts and Nevis with the event’s attendants. This interaction aimed to instil the agents and the stakeholders of the Citizenship by Investment Programme of St Kitts and Nevis with detailed information about the evolving citizenship by Investment Programme.
First, Michael Martin talked to the media about the significance of the Sustainable growth fund, informing them that the investment option is designed to enhance the developmental avenues of the country and its people. He noted that the funds accumulated through the investments in the fund options are utilized for the establishment of schools, medical facilities, new enterprises and technology,
Accordingly, Martin noted that it is an important option in the CBI programme of St Kitts and Nevis. He further asserted that he hopes intelligent investors will take advantage of the investment opportunity.
Michael Martin believes the fund option allows investors to invest in a stable democracy with good infrastructure and highly educated people. Accordingly, the head of the Citizenship by Investment Unit encouraged the agents to market the option
He believes that this will ensure that we can have a win-win situation for the Citizenship by Investment Programme of St Kitts and Nevis. Michael Martin noted that St Kitts and Nevis has the most respected programme in the world. In line with this, he and his team at the CIU want to ensure that those who come to our programme can bring mutually beneficial investments to the investors and the people of St Kitts and Nevis.
Martin detailed that the programme has something to offer everyone. The Citizenship by Investment United head of St Kitts and Nevis has asserted that they provide a number of options to the investors, including the real estate option and the good public option and that the investors can decide to put their money in the option that suits them best.
Michael Martin informed the media that whether it is about a programme or a business, one must continually evolve to keep in touch with the latest times. Accordingly, The CBI unit introduced new regulatory changes to enhance the programme. In this regard, Martin added that the programme is continuously evolving to ensure that it continues to attract premium investors. The regulations that the CIU St Kitts and Nevis introduced to its programme are designed to do just that, said Martin.
He also added that the regulations are not set in stone, so the rules are evolving continuously. The proof of the statement is that the new regulations concerning the Citizenship by Investment Programme were published in December. In February, the CIU published further updates for those regulations. Accordingly, CIU Head Martin said they would continue looking at the rules.
Michael Martin informed the media that he is focussing on taking the Citizenship by Investment Programme of St Kitts and Nevis to the next level of sustainability. He seeks to take the programme to the next level of producing for the country and for the people of enterprises, which will continue to generate revenue and benefits for a very long time.
In line with this, CIU headed by Michael Martin has offered a Limited Time offer to the investors under the Sustainable Growth Fund. Under this offer, the applicant is required to invest a reduced amount of US$125,000 for a single applicant to get the Citizenship of St Kitts and Nevis. Meanwhile, A main applicant with a spouse needs to pay US$150,000 and a main applicant with a spouse and two dependants (regardless of age) pay US$170,000
One of the representatives of the media asked Michael Martin about the significance of the relationship between St Kitts and Nevis and the United Arab Emirates (UAE) to which he responded that he considers the relationship to be very important. He observed that the UAE is considered to be a small country. We are even smaller. You probably would have some difficulty finding us on the map. However, he confessed that he is always inspired by what is happening in the UAE and the vision that created the UAE and continues to develop new age.
In line with this, Michael Martin noted that the Citizenship by Investment Unit of St Kitts and Nevis offers the residents of the UAE to invest in St Kitts and Nevis. This way, they can take part in the development of the country. In line with this, the CIU head also informed the media that St Kitts and Nevis has an ambassador in the UAE who directs the attention of the CIU towards improving and growing the relationship between St Kitts and Nevis and the UAE. Michael Martin shared that they are committed to developing and fostering a relationship between the countries.
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.
