KUALA LUMPUR, Dec 28 (Bernama) -- St Kitts and Nevis has introduced raft of changes to its Citizenship by Investment Programme, which is set to benefit both locals and investor.
The much-anticipated changes was announced by the country’s recently appointed Citizenship by Investment Unit Head, Michael Martin.
“Today marks a new era for the investment immigration industry as we boldly declare that a clear strategy will drive our Citizenship by Investment Programme with the sole purpose of benefiting our people and investors who want to see our nation flourish.
“These changes show the international community that we place honesty and integrity above all else as we look to deliver a product that will bring us a positive reputation and send a clear message that we are open for business,” said Martin in a statement.
The changes have been gazetted on Dec 23 and will take effect on Jan 1, 2023.
The programme will be underpinned by three fundamental principles that have guided the administration’s decision making with respect to the evolved version of the twin-island’s Citizenship by Investment Programme, namely sustainability, good governance and pragmatism.
To further the programme’s good governance agenda, a Citizenship by Investment Technical Committee will be charged with ensuring that all due diligence background checks are comprehensive and that all citizenship by investment applications are reviewed thoroughly.
-- BERNAMA
No comments:
Post a Comment