St. Kitts and Nevis: Best Place to Live, Work and Play Under CBI Programme

Basseterre, St. Kitts, October 21, 2015 (SKNIS): Delegates at the Global Citizenship Conference were updated on the unique investment and economic opportunities available in St. Kitts and Nevis which was described as the best small island state to live, work and play.
Prime Minister of St. Kitts and Nevis, Dr. the Honourable Timothy Harris, made these comments at the one day seminar during the segment on the “Citizenship-by-Investment in St. Kitts and Nevis – Past, Present and Future” in Miami, Florida on Monday, October 19.
“The Citizenship-by-Investment (CBI) programme of St Kitts and Nevis offers the discerning investors an extraordinarily special opportunity to invest and belong to St. Kitts and Nevis,” Dr. Harris said, while noting that “this special privilege is accorded to persons with the economic means to invest.”
St. Kitts and Nevis is one of the best performing economies. IMF conservative projections put us at a growth rate of five percent, more than 10 times the projected growth rate for Latin America and the Caribbean. The Latin America and the Caribbean growth are now projected to trend below 0.5 percent.”
Prime Minister Harris explained that upon taking office in February 2015, it was his government’s pledge to make the country the best place for investors and private actors to become an important cog in the engine for economic growth.
“We pledge to protect private property, to enlarge the economic freedoms of all including the employees who deserve decent work, Dr. Harris stated. “We are committed to a low tax regime. We pride ourselves as one of the countries in the world with no income tax and no capital gains tax.”
Dr. Harris said the CBI programme is an important part of the government’s strategic plan for economic development.
“The St. Kitts and Nevis CBI programme offers citizenship for either a donation of US$250,000 to the Sugar Industry Diversification Fund (SIDF) or US$400,000 for a real estate investment. It bears reporting that our Citizenship by Investment programme is the oldest and the best programme in the world,” he said.
The seminar was organized by Henly and Partners, which is the global leader in residence and citizenship planning, since the 1990’s.