ST KITTS AND NEVIS' CITIZENSHIP BY INVESTMENT PROGRAMME FOR THE SUSTAINABLE INVESTOR
Basseterre, Feb 27 (Bernama-GLOBE NEWSWIRE) -- St Kitts and Nevis is not only one of the world’s ultimate paradise destinations for tourists, but it has also earned its place in the global real estate market. The twin federation established its Citizenship by Investment (CBI) Programme in 1984 and has inspired other CBI Programmes in the Caribbean to become just as efficient.
The St Kitts and Nevis Citizenship by Investment Programme on the other hand is the oldest and most trusted programme internationally. The Programme creates access to the global markets, qualifying applicants will join the global community, along with each dependant included in their application, and are open to business opportunities that allow portfolio diversification.
“There are three options for innovators, at home and in the diaspora, to benefit and raise capital through CBI. Firstly, any person can apply to the CBI Board of Governors to be designated as an Approved Public Benefactor. Under this option, once the applicant can prove that his or her business idea can bring substantial benefit to the people of St Kitts and Nevis; maximise local employment; and transfer technology and local capacity building, then that business idea will be considered.” said the Citizenship by Investment Unit Head, Mr Michael Martin.
There is a plethora of benefits that each investor will have that include minimal business restrictions and tax incentives that do not include capital gains, income, inheritance, gift or wealth taxes.
Mr Martin also highlighted that “the CBI Programme is not just for international investors; it is for all of us to benefit. If locals and nationals in the diaspora do not take advantage of the three options, they can also become Authorised Agents/Service Providers or International Marketing Agents. Our people are the ultimate beneficiaries of our treasured CBI Programme and should also participate in this international industry.”
