LONDON, Feb 19 (Bernama-BUSINESS WIRE) — Last Monday, St Kitts and Nevis revealed a positive outlook for its manufacturing sector. After visiting five national plants, the Government reported that industry plans and projections indicate competitive growth for the upcoming year. Manufacturing is central to the national economy, which will therefore gain in production and strength. As economic citizens invest in the country via the Sustainable Growth Fund (SGF), increased growth will provide a greater return on investment for applicants to the country’s Citizenship by Investment (CBI) Programme.
Economic Citizens
St Kitts and Nevis’ CBI Programme offers investors second citizenship in return for a contribution to the SGF. The ‘Platinum Standard’ Programme is one of the most successful in the world; it has received recognition from the Financial Times for high standards of due diligence and processing. Indeed, the Government recently reinforced its due diligence by introducing stricter escrow account legislation and a new requirement for applicants to provide biometric data in the form of digital fingerprints. Unlike the real estate option, applicants to the SGF invest directly into the development of the country, and thereby benefit from overall growth in the economy. Key areas of investment include healthcare, schools, infrastructure, and business development. Many applicants also obtain second citizenship to safeguard theirs and their family members’ safety. A growing, resilient economy provides the opportunity for greater economic and personal security.
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