KUALA LUMPUR, Feb 27 (Bernama) -- St Kitts and Nevis Citizenship by Investment (CBI) Programme creates access to the global markets enabling qualified applicants to join the global community, along with each dependant included in their application.
As the oldest and most trusted programme internationally, the St Kitts and Nevis CBI programme is also open to business opportunities that allow portfolio diversification.
“There are three options for innovators, at home and in the diaspora, to benefit and raise capital through CBI. Firstly, any person can apply to the CBI Board of Governors to be designated as an Approved Public Benefactor.
“Under this option, once the applicant can prove that his or her business idea can bring substantial benefit to the people of St Kitts and Nevis; maximise local employment; and transfer technology and local capacity building, then that business idea will be considered,” said CBI Unit Head, Michael Martin in a statement.
There is a plethora of benefits that each investor will have that include minimal business restrictions and tax incentives that do not include capital gains, income, inheritance, gift or wealth taxes.
Martin said: “The CBI Programme is not just for international investors; it is for all of us to benefit. If locals and nationals in the diaspora do not take advantage of the three options, they can also become Authorised Agents/Service Providers or International Marketing Agents.
“Our people are the ultimate beneficiaries of our treasured CBI Programme and should also participate in this international industry.”
The St Kitts and Nevis CBI Programme has undergone necessary amendments through the CBI Unit and Government that has implemented a new layer of integrity to enhance the country’s economic diversification, and more importantly, empower the local community.
The CBI Programme has recreated its foundation on sustainable, good governance and pragmatism principles, and included a Board of Governors and a Technical Committee, to ensure that qualifying applicants undergo a stringent vetting process.
-- BERNAMA
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