St. Kitts and Nevis – September 20, 2024:
In a message to partners and investors, Mr. Calvin St. Joost, the new head of the St. Kitts and Nevis Citizenship by Investment Unit, announced that the Unit will undergo a critical transitional phase in the coming days, aimed at resolving delays and improving processing operations for the Citizenship by Investment (CBI) program.
This new phase will be built around six core principles: transparency, communication, good governance, transformation, global leadership, and sustainability. Mr. St. Joost, who brings extensive administrative experience and a background in Wall Street markets, emphasized that these principles will serve as the foundation for all decisions and improvements within the program, with the ultimate goal of enhancing trust between investors and partners alike.
Addressing Delays and Backlogs in Key Processes:
The Head of the Citizenship by Investment Unit noted that, upon assuming his new role, he has already taken significant steps to address delays in citizenship applications and expedite the approval processes for authorized agents and international marketing agents for 2024. He stated:
“On behalf of myself and the Board of the Citizenship Unit, and in line with the commitments I outlined during the recent online conference, I am writing to discuss delays in five key areas:
- Approval of authorized agents for 2024
- Approval of international marketing agents for 2024
- Citizenship applications – Real Estate Investment Option
- Citizenship applications – Public Benefit Investment Option
- Citizenship applications – Private Home Sales Option”
Mr. St. Joost further clarified that if an application is complete, it will be referred to the Federal Cabinet for review and approval. For files that have already received Cabinet approval, the Unit will contact the relevant parties regarding the next steps. In cases where applications contain outdated or insufficient information for a final response, the Unit will follow up individually with the concerned parties or their representatives.
Preparing for the Relaunch of the Citizenship Unit as an Independent Legal Entity:
The Citizenship by Investment Unit is scheduled to commence operations as an independent legal entity starting from October 1, 2024, marking a significant shift in how the program is managed. This transition reflects the Government of St. Kitts and Nevis’ commitment to maintaining the global prominence of its CBI program. Mr. St. Joost confirmed that the program will continue to be “the best in the world” following the ongoing updates.
The St. Kitts and Nevis Citizenship by Investment program is one of the oldest in the field, allowing investors to obtain second citizenship through a variety of investment options, including real estate and public benefit projects.
At Respect Services, we are committed to keeping you informed with the latest developments and relevant news. We provide valuable information and constantly updated insights to assist you in obtaining citizenship or residency by investment.
If you would like to learn more about the Saint Kitts and Nevis program and how it aligns with your needs, feel free to schedule a free consultation with one of our investment advisors.
