The Economic Boost is St Kitts and Nevis Benefits Locals and New Investment Migrants
St Kitts and Nevis' Prime Minister Timothy Harris shared with the public that the country’s Citizenship by Investment programme (CIP) contributes greatly to the local economy. For instance, the Poverty Alleviation Programme (PAP) in St Kitts and Nevis grants an additional welfare of $500 to those who earn less than EC$3,000 (appr. US$1,100) per month. This initiative has already covered 4,000 on the islands.
The PAP is sponsored by St Kitts and Nevis' CIP. The investment migration programme grants investors and their family members the country’s passport after the funds are transferred and checks passed. The local CIP has boosted a number of development projects and other sectors of St Kitts and Nevis' economy.
St Kitts and Nevis’ CIP programme has been in place since 1984 when the islands declared independence from the UK. After 35 years of successful implementation, the two-island nation has been a model investment initiative to other countries worldwide. The programme of St Kitts and Nevis stands out for its efficiency, careful vetting and numerous benefits to the new citizens.
Another investment destination unveiled by the local government is the Sustainable Growth Fund. It’s aim is to facilitate crucial development initiatives across the island, attract tourism and improve the overall infrastructure.
The citizenship of St Kitts and Nevis unlocks a bunch of perks to its holders. These include visa-free travel to almost 160 countries, smart business opportunities and succession for your children, grandchildren and beyond. As the local economy grows thanks to the CIP, the islands embrace advanced rule of law, higher living and social standards, as well as top-tier global connectivity.
Astons is a leading global immigration advisory firm with offices in London, Moscow, Dubai, Cyprus and China and offers residency & citizenship investment solutions in the UK, EU & the Caribbean. Astons is a committed and regulated Member of the Investment Migration Council (IMC), for EU & Caribbean investment immigration.
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