If there were any concerns that the recent Panama Papers scandal/crisis would have a negative effect on the Caribbean’s thriving Citizenship by Investment programs, they would seem to be unfounded.
If anything, the opposite would seem to be the case judging by the way that the Prime Minister of St Kitts and Nevis has come out swinging in a recent press conference. It’s business as usual only with a new and improved program clearly designed to attract even more wealthy investors looking to take full advantage of his country’s citizenship program and status as a tax haven.
Could it be that rather than frighten off wealthy businesspeople, the recent expos of how the super-rich manage their money has actually given priceless publicity to the world’s most well renowned tax-shelters?
Strengthening the St Kitts and Nevis Brand in the Middle East
St Kitts and Nevis’ Prime Minister Dr. Timothy Harris recently visited Dubai and Abu Dhabi and described the trips as a sterling success. Dr. Harris made three separate keynote addresses during his stay, and claimed the result was a strengthening of the St Kitts and Nevis brand in those wealthy, highly influential nations.
“We met and clarified concerns of several applicants and agents. This will redound to the public good and stronger loyalty for the St. Kitts and Nevis brand said Harris. We answered the felt needs for the voice and visibility of St. Kitts and Nevis in the international citizenship marketplace. We met with investors and we met too with government officials in Dubai. In due course, the fruits of the labor of love will be enjoyed by all.”
Improvements in St Kitts and Nevis Citizenship by Investment Program
Upon his return from Dubai and Abu Dhabi to St Kitts and Nevis, Prime Minister Harris announced in a press conference that the Citizenship by Investment program had been extensively overhauled and was now better than ever.
Our CIU (Citizenship by Investment Unit) is now open for legitimate business he said. It is now administratively and legally stronger and better.
Mr. Harris stated the his Team Unity Administration party – which came into office last February having won the 2015 St Kitts and Nevis general election – had taken on board some twenty recommendations put forward by regulatory risk mitigation company IPSA International regarding their citizenship program. The subsequent largescale improvements made on the CIU were necessary according to Prime Minister Harris following claims that the program had been denounced by international governments and shunned by others.
Here is exactly what the Prime Minister had to say about the changes that have been made to his country’s Citizenship by Investment program:
It (the Citizenship-by-Investment Unit) offers a 24/7 case management system. This is the only one of its kind. Our system can be accessed by service providers who can track online the status of the applications submitted by them any hour of the day and any day of the week. Efficiencies are being realized and once the due diligence report is clean, we can deliver results on applications between 45 and 75 days. This is one of the best turnaround times in the world.
Exciting Improvements On A Tried and Tested System
The St Kitts and Nevis Citizenship by Investment program was the world’s first when it was introduced in 1984, and it remains the oldest currently in existence. Despite Mr. Harris’ somewhat predictable criticism of previous governments handling of the program and how several nations were critical of it, it has become one of St Kitts and Nevis’ main sources of income, and is extremely popular among businesspeople and high net worth investors from all over the world.
However the improvements the Team Unity Administration party have made are exciting and quite ground breaking, and sure to be copied by other countries with similar programs.
- 24/7 Case Management System – The first of its kind, but sure to be rapidly imitated
- System Accessibility for Applicants – A system that can be tracked online by applicants who can check the progress of their citizenship application any hour of the day and any day of the week is again groundbreaking
- Citizenship between 45 and 75 days Great news for businesspeople the world over looking for a second passport and a location with favorable tax laws and discreet banking, and want to receive it as soon as possible
With these announcements and subsequent improvements, Prime Minister Harris and his party have made a bold statement and ensured that the St Kitts and Nevis Citizenship by Investment program remains right at the forefront of the second passport industry, and will be more desirable than ever.
2ndPassports.com can provide complete assistance in acquiring citizenship to St Kitts and Nevis, plus a whole host of other desirable locations in the Caribbean as well as the E.U. Feel free to contact 2ndPassports.com by email, WhatsApp or Telegram. If you prefer, you can chat to an expert representative on Skype or phone all lines are encrypted for complete privacy. All of our contact details are listed on our homepage.
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