The Citizenship by Investment Unit (CIU) of St. Kitts and Nevis has recorded an exceptional 169% increase in applications during the last quarter of 2024. This surge reflects the positive impact of unprecedented reforms implemented by the government of Dr. Terrance Drew to enhance the Citizenship by Investment (CBI) Program.
Transition to a Legal Entity Strengthens Investor Confidence
This growth follows the decision to transform the CBI Program from a government entity into an independent legal body in late 2024. Additionally, aligning minimum investment thresholds with other Caribbean programs has further boosted global investor confidence, contributing to this remarkable increase in applications.
In an official statement published on January 31, 2025, the CIU affirmed:
“Prime Minister Terrance Drew’s vision of transforming the unit into a legal entity has strengthened the program, making it a preferred destination for high-net-worth individuals seeking a secure and reputable second citizenship.”
Prime Minister Terrance Drew’s Vision: Strengthening Transparency and Efficiency
Commenting on the milestone, Prime Minister Dr. Terrance Drew stated:
“Transforming the Citizenship Unit into a legal entity was a bold step aimed at maintaining the highest industry standards and setting a global benchmark. This surge in applications reflects the positive impact of our reforms, ensuring transparency and efficiency in program management. We are committed to fostering sustainable development, strengthening our national economy, and preserving the security and integrity of our program on a global scale.”
Key Reforms to Ensure Program Sustainability
The Prime Minister’s reforms introduced a series of legislative and regulatory changes to ensure the program’s sustainability and protection against misuse. Notable measures include:
- Establishing the Continuous International Due Diligence (CIDD) Unit to monitor citizens who obtained St. Kitts and Nevis nationality through investment while residing abroad.
- Establishing regulations to ensure the preservation of the program’s prices, value, and credibility.
- Enhancing oversight and due diligence to ensure compliance with international standards and eliminate illicit practices.
St. Kitts and Nevis Maintains Leadership in the Citizenship by Investment Industry
With these groundbreaking reforms, the CBI Program in St. Kitts and Nevis continues to cement its position as one of the most trusted and sought-after programs globally. The recent harmonization of minimum investment thresholds through the Caribbean Memorandum of Understanding further reinforces St. Kitts and Nevis as a secure and sustainable destination for investors seeking new opportunities for second citizenship.
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.
