CTrustGlobal - Citizenship by Investment Government Authorized Agent

CTrustGlobal

St. Kitts Tightens Eligibility Requirements for Economic Citizenship

St. Kitts Tightens Eligibility Requirements for Economic Citizenship

Premier of Nevis and Senior Minister Vance Amory said the move was a step towards “reversing a bad situation”.

BASSETERRE, St. Kitts, Friday July 31, 2015 – Government is tightening St. Kitts eligibility requirements for the twin-island federation’s 30-year-old economic citizenship programme to block foreigners who have been involved in criminal activity from benefiting.

Parliament this week strengthened security and due diligence under the Citizenship by Investment (CBI) programme by passing the Citizenship (Amendment) Act 2015.

Among other measures, the Act excludes people who have been engaged in negative activities, such as terrorism and money laundering, from getting citizenship. It also provides for authorities to refuse citizenship in the interest of defence, public safety or public order.

Premier of Nevis and Senior Minister Vance Amory said the move was a step towards “reversing a bad situation”, referring to the concerns the United States, United Kingdom and Canada have expressed about the CBI.

“That situation came as a result of a poor understanding of what the programme means to us, how it functions, and how it should be operated,” he said.

“We just need to look at these and get away from . . . not facing the reality of what existed and [what] now has to be done.”

Amory, who promoted St. Kitts and Nevis’ CBI in Dubai, London and Singapore earlier this year, said the programme had benefited the country significantly.

He said while government would continue to promote it, it was important that to attract people who would hold Kittitian citizenship in high esteem once they obtained it, and those who “have an interest in physically being part of the country”.

The amendments were passed a day before 120 CBI stakeholders shared their ideas at a national consultation yesterday – the first such forum to engage relevant individuals and agencies on the economic citizenship programme.

Source: Read more: Caribbean360

June 26, 2021
The government of Dominica announced the new biometric passport.

On June 24, 2021, the government of Dominica announced the launch of its new biometric passport effectively from July 19, 2021. The Dominica passport applicants with outstanding requests can choose to wait for the biometric passports. Biometric passports will be issued, upon renewal of all current passports. The procedure for changing old passports to the […]

February 17, 2021
Grenada Passport for Indians

According to the latest report, plenty of Indian citizens are opting for Grenada's second citizenship by investment, and demand is expected to increase more in the year 2021. As an Indian are you wondering why you should invest in a Grenada passport, then you are on the right page of the web. In this article, […]

January 30, 2021
Great news for Antigua economic citizenship holders

Due to the current circumstances of Covid Pandemic around the world, the Cabinet of Antigua & Barbuda has agreed to amend the requirement in Section 4 (1) of the Antigua and Barbuda Citizenship by Investment (Amendment) Act 2016, to "spend a minimum of five(5) days in Antigua & Barbuda during five years after his registration". […]

January 16, 2021
St. Kitts & Nevis Citizenship Program: Limited Time $45k Discount Offer Expired

A limited time 45K USD discount offer stipulated by Saint Kitts & Nevis citizenship by investment program for up to a family of four has expired on 15 January 2021. Offered since July 2020, the discount allows families up to 4 members (husband, wife, and two children’s of age less than 16 years) to obtain […]

DUBAI OFFICE

Copyright 2020 CTrustGlobal Ltd. | All Rights Reserved | Working under the umbrella of Trust Group

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram