St. Kitts and Nevis Announces Residency Programme to its CBI
Les Khan, CEO of the Saint Kitts and Nevis Citizenship by Investment Unit (CIU), said that is adding value to the range of programmes on offer by making available a Residency Programme to people wanting to live and work in St Kitts and Nevis. The CEO made the announcement at the Global Mobility & Tax Strategies Conference in Singapore on the 30th of June, where he was invited as a guest speaker.
During the conference, Mr Khan met with lawyers and wealth managers representing clients throughout the Asia Pacific region. Their interests were in residency and citizenship programmes as a means of tax and wealth planning. He was able to showcase the immigration and investment options in St Kitts and Nevis and to express that St. Kitts and Nevis citizenship is now the strongest and most reliable programme in the Caribbean.
“St Kitts and Nevis was in a unique position to offer a residency programme without having to change any tax laws.” Mr. Khan noted.
He said that this would be the only legitimate programme where individuals would be required to spend a certain amount of time on the island.
Prime Minister Dr. the Honourable Timothy Harris commented:
“With the St Kitts and Nevis programme now globally recognized for its integrity and Platinum standard, it made sense that the natural next step would be to offer a residency programme that would meet a specific customer need. It will also stimulate tourism, as well as offer our developers another avenue for marketing their projects. It’s a virtuous circle of mutual benefit.”
“The programme will still maintain its now high standards of due diligence and it is intended to offer our economic citizens the ability to obtain a residency card as long as they are willing to spend a period of time on the island. In addition, individuals not wanting citizenship at this time can apply for residency status and in the future convert to citizenship should they wish to do so.”