Citizenship Programs

ST. KITTS AND NEVIS TO INTRODUCE NEW, INNOVATIVE WAYS TO STRENGTHEN ITS CBI PROGRAMME

 

BASSETERRE, St. Kitts, March 21, 2018 (Press Unit in the Office of the Prime Minister) – The Team Unity-led Government of St. Kitts and Nevis will continue to find and employ innovative measures that will improve and strengthen the integrity of the country’s Citizenship by Investment (CBI) programme, widely regarded as the platinum brand of the economic citizenship industry.

 

Prime Minister Dr. the Honourable Timothy Harris gave that assurance during a national address to announce the introduction of two new options under the CBI programme.

 

“To date, our programme has been a success,” Prime Minister stated. “This success is due to the hard work that we have invested in improving the programme since Team Unity took office about three years ago. We have improved the efficiency, enhanced its good governance and insisted on high standards of due diligence. As a result, the St. Kitts and Nevis CBI programme is recognised throughout the world as the platinum standard.”

 

The Honourable Prime Minister continued, “We stand for integrity, rigour and robust due diligence. In fact, we continue to improve our due diligence process and in the near future we will be introducing biometrics, starting with applicants from high risk countries.”

 

The two new options announced by the prime minister are a revised real estate offering and a Sustainable Growth Fund, which will succeed the Hurricane Relief Fund (HRF) that is set to expire at the end of March 2018.

 

Under the Sustainable Growth Fund, a single applicant will require a contribution of US$150,000, inclusive of Government fees. The contribution for a family of up to four will be US$195,000 following incremental steps.

 

Secondly, a real estate offering that requires a US$400,000 investment may attract two applicants at US$200,000 each plus government fees. However, this can only be resold after a period of 7 years.

 

It must be noted that this offering is separate and distinct from the existing real estate investment option at US$400,000, which can still be resold after five years.

 

Prime Minister Harris said while the Cabinet is confident these new offerings will further invigorate the country’s CBI programme, his government, through the Citizenship by Investment Unit, will maintain its very high standards of integrity, rigour and robust due diligence procedures which are ranked among the highest in the world.

 

Source : http://www.ciu.gov.kn/st-kitts-and-nevis-to-introduce-new-innovative-ways-to-strengthen-its-cbi-programme/

BREXIT – European Commission Notices on the legal and practical implications of the withdrawal of the United Kingdom from the European Union

The European Commission issues Notices on the legal and practical implications of the withdrawal of the United Kingdom from the European Union. These Notices aim at preparing citizens and stakeholders for the withdrawal of the United Kingdom and set out the consequences in a range of policy areas.

The European Commission publishes these Notices at the following website:

https://ec.europa.eu/info/brexit/brexit-preparedness_en

Source : http://www.moi.gov.cy/moi/CRMD/crmd.nsf/All/C0684A0DB34C9F1EC2258232002BF77A?OpenDocument

Questions and Answers – the rights of EU27 and UK citizens post-Brexit, as outlined in the Joint Report from the Negotiators of the European Union and the United Kingdom Government

Archives:

Κατεβάστε το αρχείο Acrobat 2017-12-12_qa_citizens_rights_1.pdf

 

Source : http://www.moi.gov.cy/moi/CRMD/crmd.nsf/All/24D742A757905B3FC22582240031E50A?OpenDocument

Effective Date Of Change To NDF

Effective Date Of Change To NDF

 

Source : http://cip.gov.ag/effective-date-of-change-to-ndf/

Reduction to NDF

Reduction to NDF

Source : http://cip.gov.ag/reduction-to-ndf/

HURRICANE IRMA

Please be advised that Antigua and Barbuda and the rest of the Leeward Islands are bracing for the passage of Hurricane Irma, a dangerous category 4 storm that may cause considerable damage and a breakdown in communication. This storm is expected to affect the islands as early as Tuesday afternoon. (September 5th).

Should we experience loss of communication, please be assured that the Unit will respond as soon as it possibly can to all enquires.

Source : http://cip.gov.ag/hurricane-irma/

Important announcement on the certification of foreign public documents

The Civil Registry and Migration Department announces that, based on the directions of the Ministry of Foreign Affairs, the procedure for certifying foreign issued documents (except for Apostille stamp) is as follows:

Any document submitted at the Civil Registry and Migration Department, must necessarily, in addition to other certifications (Ministry of Foreign Affairs of the country of issue and competent Consular Authority), also be certified by the Certification Department of the Ministry of Foreign Affairs of the Republic of Cyprus.

It is emphasized that the date of implementation of the above is set to be October 2, 2017. After this date, documents not certified by the Certification Department of the Ministry of Foreign Affairs of the Republic of Cyprus will not be accepted.

 

Source : http://www.moi.gov.cy/moi/crmd/crmd.nsf/All/5BC2C45F8C62CDBDC2258187001EB429?OpenDocument

Appointment of new CEO of the Citizenship by Investment Unit

PRESS RELEASE

The Citizenship by Investment Board (“the Board”) is pleased to announce the appointment of Mr. Nestor Alfred to the position of Chief Executive Officer (“CEO”) of the Citizenship by Investment Unit effective today,  8th August, 2017.

Nestor holds a BSc. Management Studies from the University of the West Indies and an MBA from Henley Management College/Brunel University. Prior to his current appointment, his former roles include Executive Director of the Gaming Authority; Financial Management Consultant; Banker in the jurisdictions of Saint Lucia, Barbados and the Cayman Islands; Senior Executive within the East Caribbean Financial Holding Group; Director of Saint Lucia Financial Sector Supervision Unit; Registrar of Insurance and Assistant Comptroller of Inland Revenue Saint Lucia. Regionally, he serves as Commissioner to Caricom Competition Commission.

Nestor brings to CIP Saint Lucia, his vast experience as a regulator within the financial services sector and his expertise in the areas of Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT).

The Board looks forward to working with him as he provides necessary leadership to the Citizenship by Investment Unit and overall management of its’ affairs. The Board and the new CEO shall utilize their best efforts to continue positioning CIP Saint Lucia as a reputable, attractive and well run global citizenship program.

Contact;

Chairman of the Citizenship by Investment Board

Ryan Devaux

1-758-458 6050.

 

Source : https://www.cipsaintlucia.com/news_publisher/news/view/appointment-of-new-ceo-of-the-citizenship-by-investment-unit

Delays in processing applications for permanent residence & citizenship

To all Authorized Marketing Agents – Grenada Citizenship by Investment Program

Dear Colleagues,

Recently you have been aware that increasingly delays are being experienced in the approved process for applications, which you have submitted to the Grenada Citizenship by Investment Committee for the granting of Permanent Residence and or Citizenship.

This is due mainly to delays in receiving reports from our security vetting partners which is a critical component of our diligence process to which each application received is subject to. In light of the current international security climate and the need for increased vigilance, these reports are critical to the conclusion of our process of applications so we are mandated to wait on them.

While our goal is to provide the  best service to you and meet promised deadlines, we are also required to adhere to the stipulated regulations and standards. We are asking you, therefore, to bear with us as we seek solution to eliminating these delays.

Please be aware that this office is working assiduously to meet deadlines and we undertake to provide status updates to you in a timely manner, whenever there are delays

We thank you for you sterling support of the Grenada Citizenship by Investment Program

letter to Marketing Agents – Delays in Processing Applications.

Source : http://www.cbi.gov.gd/delays-processing-applications-permanent-residence-citizenship/

 

ST. KITTS AND NEVIS’ CBI PROGRAMME CATERS ONLY TO LEGITIMATE INVESTORS

Basseterre, St. Kitts, May 11, 2017 (SKNIS):  The St. Kitts and Nevis Citizenship by Investment (CBI) Programme is designed to attract only legitimate investors, said Prime Minister and Minister of Finance, Dr. the Honourable Timothy Harris, as the rebranded programme is now the “platinum standard” worldwide.

“Our CBI under the Team Unity Government is only open to legitimate persons to participate. For us, it is an honour and a privilege for anyone to be able to become a citizen of St. Kitts and Nevis and we want the most worthy of personalities around the world to come help us build a greater St. Kitts and Nevis than we now have,” said Prime Minister Harris. “Clearly, those who are tainted in anyway as a result of criminal activities cannot be part of that forward thrust of making our programme the platinum standard.”

Prime Minister Harris said that it was necessary to change the way the programme was operated.

“We said that we were determined to bring a new order. We therefore had the IPSA [International] Group come in and do a comprehensive overhaul of our CBI Programme and that led to improvement in the control; it led to new management – where we brought in persons with the relevant skills sets in insurance, financial, banking, arrangements in anti-money laundering to be part of the management network at our CIU Unit. So we brought in a new cadre of employees to serve that particular industry,” said the minister of finance. “We also introduced a new system that would allow the leadership of the unit to be able to monitor what was going on with respect to any application 24/7. But importantly, we went beyond that to look at the due diligence system because that is critical to the very viability of outcomes and we brought in new providers so that no one would have a monopoly in relation to this matter.”

Senior Minister and Premier of Nevis, the Honourable Vance Amory, responded to a question posed in relation to the CBI and possible tainted funds being received. He reflected on the establishment of the Escrow Account, noting that where investments are concerned, such an account will ensure that the funds received are protected until they are used primarily for the purpose for which they were received, so that we protect the applicants from any fraudulent activity.

“The fact that the government has decided to put in place an Escrow Account requirement dealing with all the funds which come in for investment through our developers, is to ensure that the use of those funds as indicated by the developer – that he has the funds for and on behalf of the applicant – that those funds are used for the purpose for which they are intended,” said Senior Minister Amory. “I think we have to be very careful of that because in some cases before now, we have had instances where our citizenship has been granted and the investment money would have been received or would have been purported to have been received and the development is not completed and that is an issue with which we are taking very serious consideration.”

 

Source : http://www.ciu.gov.kn/st-kitts-and-nevis-cbi-programme-caters-only-to-legitimate-investors/