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

March 21, 2020
Dominica CBI A Success despite Natural Disaster Declares ECCB!

During a luncheon themed “Transforming Currency Union Together- Dominica’ Scorecard” hosted by the Dominica Association of Industry and Commerce, the Governor of Eastern Caribbean Central Bank, ECCB Timothy Antoine, acknowledged Dominica’s CBI as a successful solution to the disaster caused by the category 5 hurricane in 2017 and effectively contributed in Dominica’s recovery from it. […]

February 23, 2020
Turkey Citizenship - Easy Route to E2 Visa for Indians

Past few months have seen a significant increase in the number of applicants from India applying for Turkish Citizenship to be applicable for the E2 visa scheme of the US. Turkey has recently relaxed its dual citizenship requirements and made citizenship by investment cheaper, hence garnering more demand among citizens from different nationalities across globe, […]

February 15, 2020
Russia Relaxes its Dual Passport Rules for Foreigners

After mulling over its citizenship law for quite some time, Russian lawmakers are going to sign a legislature regarding revised citizenship rules in the upper house of their Federation Council, by this month. The draft legislature is aimed to relax restrictions on Dual citizenship and passport to make Russian citizenship an attractive option for foreigners […]

February 15, 2020
Benefits of Investing in Turkish Investor Program

The Turkish Investor Program is a citizenship by investment program designed to provide passport and citizenship to interested foreigners with high net worth. With an investment starting from just a minimum of $250,000 you can not only buy Real Estate in prime locations in Turkey but also get Citizenship and Passport within just 3-6 months.

ABOUT

DUBAI OFFICE

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

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