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Applicants seeking citizenship of St Kitts and Nevis are subjected to thorough, multi-layered checks

FeaturedApplicants seeking citizenship of St Kitts and Nevis are subjected to thorough, multi-layered checks

Profoundly known for the longest-running, safest as well as most secure, the Citizenship by Investment Programme of St Kitts and Nevis. The small size of the beautiful island of the St Kitts and Nevis is not restricting its ability to carry out thorough due diligence checks on applicants seeking alternative citizenship.

All the applicants who are seeking alternative citizenship of St Kitts and Nevis are subjected to the most thorough, multi-layered checks via its CBI Programme.

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Moreover, the citizenship by Investment programme of St Kitts and Nevis is regarded as the “Platinum Standard” for the CBI industry all over the world. Not just about the Platinum Standards, but it is also the first nation to come up with the “economic citizenship programme” in 1984, and is considered a pioneer in the industry.

The twin-island nation, St Kitts and Nevis, also known as “Paradise of the Caribbean” in the eastern Caribbean region, has the longest-running, safest, most secure, and transparent citizenship by investment programme.

The Citizenship by Investment Unit of the smallest country states that the processing of applications begins only after a comprehensive examination of applicants’ papers and other checks.

The background checks are carried out by the government and third-party agencies to examine the applicants. The multi-layered approach ensures that the citizenship is granted only to the reputed as well as honest individuals who possess no criminal or financial fraud backgrounds. Strict screening procedures are conducted to ensure and cross-verify each and every aspect declared in the application by the applicant. Not only that, but the background checks also verify the source of income of the investor seeking alternative citizenship. Following this, individuals’ details such as their residency, their source of funds and occupation are checked.

Applicants seeking citizenship of St Kitts and Nevis are subjected to thorough, multi-layered checks

The due-diligence procedure is carried out by verifying some basic documents or materials, which are:

• Identifying documents (birth certificate, passport, or any other verification certificate)

• Financial materials (including bank account numbers, information about your income and other sources of wealth, employment history, etc)

• Personal references

• Criminal history

After the third-party verification, due-diligence firms re-send the report back to CBI units, which then again cross-verifies the facts, and the final approval or rejection depends on the unit.

The citizenship by investment programme of St Kitts & Nevis is helping the nation to run socio-economic activities. Many sectors are directly or indirectly benefitted from the programme.

The most widely used investment option under the citizenship by investment programme is the Sustainable Growth Fund (SGF), which is also called the “Fund Option”.

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The citizenship by investment programme revenues provides economic assistance towards the social programmes; it also helps in providing income support to the residents and many more.

The Fund Option allows making a contribution towards the economy and social prosperity of St Kitts and Nevis.

The Sustainable Growth Fund was established in 2018, and since then, it has been assisting the country in one way or another. Some of the benefits of SGF to residents include the following:

• Enhancing the quality of education

• Ensure the health and well-being of a growing population

• Promote St Kitts and Nevis’ thriving tourism industry

• Publicize the different cultural savour of the people

An investor can contribute a minimum of USD 150,000 to apply for citizenship by investment programme under the Sustainable Growth Fund option.

The alternative citizenship of St Kitts & Nevis may be attained by an individual whose age is more than 18 years. An applicant can also add additional dependents such as spouse and children.

The Citizenship by Investment Programme of the Federation of St Kitts & Nevis ranked highest in the CBI Index for being the fastest, safest and most secure. The CBI Index is annually published by the Financial Times’ Professional Wealth Management magazine.

The CBI Index rankings are based on the points earned in nine different pillars, whereas in the pillar of due diligence, St Kitts and Nevis topped the charts.

St Kitts and Nevis is a small twin-island Federation, with a population of around 53,192. The tourists love the country because of its stunning white-sand beaches, sheer blue water and mesmerizing beauty sights; due to these natural gems, it is dubbed the “Paradise of the Caribbean”.

The maximum number of tourists visit the twin-island Federation through cruise ships, and now it is considered one of the most desired locations for the cruise ship travellers.

 

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