Turismo
St Kitts and Nevis Improved Its Citizenship by Investment Programme, New CBI Index Finds
FT specialists took good note of the country's expanding diplomatic relations diligently carried out by Foreign Minister Mark Brantley . " St Kitts and Nevis maintained its upward trajectory regarding visa-free and visa-on-arrival offerings," mentions the report. At the moment, St Kitts and Nevis passport holders can access approximately two thirds of the world's countries without the need of a visa, including business hubs like Hong Kong , Singapore , London or Geneva .
Over the course of the past year, the Government of
St Kitts and Nevis announced new security measures aimed at strengthening the CBI Programme's due diligence checks. Digital fingerprinting was one of them, as was the proposal for stricter rules for escrow accounts. Furthermore, agents found to be misrepresenting the Programme have had their licences revoked. This was a welcomed measure highlighted in the independent study, reinforcing
St Kitts and Nevis' status as the "Platinum Standard" of CBI.
While improving its due diligence framework, St Kitts and Nevis managed to speed up the time it takes to process citizenship applications, after it was faced with a sudden high demand for one of the fund options. The 2019 CBI Index found that the Programme has "improved its citizenship timeline following clearance of the applications submitted during the temporary Hurricane Relief Fund [HRF] option." Prime Minister Timothy Harris replaced the HRF investment channel last year with the Sustainable Growth Fund, succeeding in making it the most straightforward route to St Kitts and Nevis' citizenship.
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