BASSETERRE, St Kitts (WINN) — There are more competitors in the market, offering their own version of the citizenship by investment (CBI) program pioneered by St Kitts and Nevis, but Prime Minister Dr Timothy Harris at a recent press conference announced that the Federation has approved more than 4,000 new applicants over the past three years, bringing the total to over 16,000.

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The Federation of St. Kitts and Nevis is putting finishing touches on preparations for this month’s highly anticipated 2018 Caribbean Investment Summit at the St. Kitts Marriott Resort May 16-18. The summit is expected to draw more than 250 attendees, including heads of government and heads of citizenship by investment units from Caribbean countries with Citizenship by Investment Programs (CIPs), namely Antigua and Barbuda, Dominica, Grenada, St. Lucia, and host country St. Kitts and Nevis.

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The world's first citizenship by investment program in St Kitts and Nevis has launched a new fund to boost investment in the prospering Caribbean nation. The Government of St. Kitts and Nevis has announced that a new program called the Sustainable Growth Fund will be launched as a successor to the Hurricane Relief Investment Fund at the end of March 2018.

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On February 19th 2018 , the St Kitts and Nevis Citizenship by Investment (CBI) Program has released a final reminder to those interested in investing in second citizenship under the temporarily reduced investment module – the Hurricane Relief Fund – (HRF) scheduled to end on 30 March 2018. Established after a challenging hurricane season, the Hurricane Relief Fund has been a popular temporary option for prospective citizens around the world.

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On February 12th 2018 , Saint Kitts and Nevis Citizenship by Investment Unit (CIU) announced that it would cut down the processing fees for its citizenship by investment program. Saint Kitts and Nevis is now becoming the first Caribbean program – in as many months – to enhance its competitive position in 2018 .

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St Kitts and Nevis citizenship by investment program has been available since 1984 through the oldest, most reliable and successful Citizenship by Investment Program within the Caribbean region. The St Kitts & Nevis Government announced, on 23 September 2017, that as part of the St Kitts & Nevis Economic Citizenship Program, a payment can now be made to the Hurricane Relief Fund (HRF) to gain a St Kitts & Nevis passport. This program currently runs until March 2018.

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A large number of applicants for Caribbean Citizenship By Investment Programs (second citizenship) or second residence programs come from the Middle East . The Middle Eas...

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On Thursday, September 21, the Russian Federation’s Foreign Minister, H.E. Serguey Lavrov signed bilateral agreements with both the Caribbean island nations on the margins of...

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Further to the press release : Dated September 23rd 2017 regarding introducing St. Kitts and Nevis Hurricane Relief Investment Option Fund, the (HRF) .

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In an article from the Financial Times’ Professional Wealth Management (PWM) CBI Index last month, the publication ranked the Commonwealth of Dominica and St. Kitts and Nevis as the two best Citizenship by Investment Programs (CIPs) in the world, with the Caribbean dominating the top 5 of the 12 positions for second citizenship and passport schemes also found in Europe and Southeast Asia.

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It is true that Caribbean Citizenship by Investment Programs have faced negative publicity from the international community over the last few years, and that is precisely what St. Kitts and Nevis has endeavored to turn around. Indeed, recent reform to the St. Kitts and Nevis Citizenship by Investment Program (CBI) has garnered recognition of St. Kitts and Nevis as a leader among Caribbean nations and industry advocates of Citizenship by Investment Programs around the world.

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With Caribbean citizenship and passports gaining global popularity, the twin island of St. Kitts and Nevis is increasing its efforts to not only rank among the best of the best in the Citizenship by Investment market, but to dominate the industry as the top standard of the Caribbean. Due to recent program reforms and administrative turn-around for St. Kitts and Nevis, it might be enough to rank the nation as a viable contender for preferred destinations.

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Saint Kitts and Nevis, whose passport investment program is the original citizenship by investment program, as well as one of the competitive such programs, has undergone a facelift in the last few months. After the risk mitigation company IPSA International finished its 2014 program review of the Caribbean citizenship through investment program

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Les Khan, CEO of Saint-Kitts and Nevis Citizenship by Investment Unit (CIU), announced this month that proposed changes to the Citizenship by Investment Program, which will benefit applications from families, have been approved. The changes will help integration of applicants into Saint-Kitts and Nevis by allowing more families to immigrate together.

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Conflicts in the Middle East, most prevalent in Syria and Iraq presently, have led its citizens to try to escape in any way possible, whether through legal or even illegal means. With recent crackdowns on refugees entering Europe by boat with poor chances of resettlement, Middle Eastern nationals are limited in their options to leave the region, unless they are among the affluent population that can afford to invest their way out.

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The St Kitts and Nevis Citizenship by Investment programme was discussed at a meeting between the St Kitts government and the Chamber of Industry and Commerce. The status of the programme as well as the application processing times were among the topics discussed.

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