BASSETERRE, St. Kitts, April 12, 2018 (Press Unit in the Office of the Prime Minister) – Interest in the country’s Citizenship by Investment (CBI) Programme in the Middle East and Asia continues to grow, according to Prime Minister Dr. the Honourable Timothy Harris, who is currently leading a St. Kitts and Nevis delegation on a Citizenship-by-Investment (CBI) promotional tour.
Following successful meetings and discussions with potential investors, international marketing agents and partners of St. Kitts and Nevis’ CBI programme in the United Arab Emirates (UAE), Prime Minister Harris is now in Hong Kong where he has already engaged developers and investors on the economic opportunities available in the twin island Federation.
At a function held at the Ritz Carlton Hotel in Hong Kong, Chief Executive Officer (CEO) of the St. Kitts and Nevis Citizenship by Investment Unit, Mr. Les Khan, and Prime Minister Harris launched the recently introduced Sustainable Growth Fund to a room filled with enthusiastic investors and developers in the Asian territory.
Speaking on the importance of the fund, Dr. Harris said, “Our new contribution programme, the Sustainable Growth Fund, will help us to stimulate agriculture, improve the education of our people, invest in alternative energy, build our competitiveness, grow and develop and improve our cultural assets and heritage.”
Through the Sustainable Growth Fund option, a single applicant will be required to make a contribution of US$150,000, inclusive of Government fees, while a family of up to four members will have to contribute US$195,000.
Prime Minister Harris added, “We have the oldest programme and we have the best programme available to you. Over the last 34 years, we have offered services that you can rely on, and the reliability of our programme is well known. After 34 years, we have become the oldest and the most trusted Citizenship by Investment Programme.”
The other members of the St. Kitts and Nevis delegation are Permanent Secretary in the Office of the Prime Minister, Mr. Andrew Skerritt; Consul General at the Consulate of St. Kitts and Nevis in Dubai, Mr. Justin Hawley; Chairman of St. Kitts-Nevis-Anguilla National Bank, Mr. Alexis Nisbett and President of the Chamber of Industry and Commerce, Mr. Faron Lawrence.
A press conference hosted by Caribbean Galaxy Real Estate Corporation followed the launch of the new CBI investment option. There, executives of Caribbean Galaxy Real Estate Corporation expressed confidence in St. Kitts and Nevis’ economy and highlighted their intention of investing further in the country.
Prime Minister Harris thanked the real estate corporation for showing confidence in the country’s CBI Programme, while outlining some of the advantages of doing business in St. Kitts and Nevis.
“St. Kitts and Nevis’ economy is among the fastest growing in the Caribbean, and of course in our country the democracy is strong. We have very good respect for property owners in our country and we respect their property rights. We have no personal income tax, and of course your investments in St. Kitts and Nevis are almost certain to bring very good returns,” Dr. Harris said, while extending invitations to those in attendance to visit and experience life in the twin island Federation
Dr. Harris made a special presentation of an award to the executives of Caribbean Galaxy Real Estate Corporation for their ongoing commitment to the development of St. Kitts and Nevis, through the CBI programme.