LONDON, Jan. 29, 2020 /PRNewswire/ -- Biometric checks
are coming to St Kitts and Nevis
this year as part of the compulsory due diligence process every
applicant must pass to be considered for Citizenship by Investment
(CBI). The news emerged from Prime Minister Timothy Harris' annual budget address for the
year 2020.
The government is planning to invest in stronger security checks
under the CBI Programme, the PM reported, to ensure that its
integrity remains intact. This is a proactive measure in response
to the demand for second citizenship from St Kitts and Nevis, considered the Platinum
Standard of the investment immigration industry.
"The demand for economic citizenship in our country resulted in
increased expenditure for Background Checks and other expenditure
associated with the maintenance of a robust CBI Programme," said PM
Harris. He added that St Kitts and
Nevis continues to be "one of the best in the industry
worldwide" and that the due diligence processes involved in
checking each and every applicant for citizenship "remain robust
and unwavering." Premier Harris added: "Our Platinum Brand is
considered the most attractive and that is demonstrated by the
confidence of our clients and agents."
St Kitts and Nevis introduced
its CBI Programme in 1984, shortly after gaining independence from
the UK. It is the longest-standing economic citizenship programme
in the world and has inspired other countries to adopt a variation
of it, including countries like Canada, the US and most EU countries. PM
Harris expressed confidence in the future of St Kitts and Nevis' "very successful
Citizenship by Investment Programme."
Applicants can obtain second citizenship from St Kitts and Nevis by making a contribution
worth at least US$150,000 to the
Sustainable Growth Fund (SGF), provided they first pass all the due
diligence checks. SGF is designed to then support socio-economic
initiatives on the twin islands, whereas new economic citizens can
benefit from visa-free and visa-on-arrival travel to over 150
countries and territories, the convenience of family-friendly
policies for education, healthcare and inheritance of citizenship,
and enjoying the protection of a state that ranks in the world's
top 30 most respectful as regards the rule of law.
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