St. Kitts expects stronger Citizenship by Investment ranking
St. Kitts and Nevis’ Citizenship by Investment (CBI) programme was recently ranked second best in the world. Mr. Les Khan, Chief Executive Officer (CEO) of the Citizenship by Investment Unit (CIU), is proud believes the Federation’s programme will rank even higher when the next CBI Index is released.
The CBI Index is a rating system and the world’s first comprehensive evaluation designed to measure the performance of global citizenship by investment programmes. Its purpose is to facilitate the decision-making process for individuals considering them, and to bring value to the citizenship industry. The CBI Index assesses countries with operational citizenship by investment programmes: Antigua and Barbuda, Austria, Bulgaria, Cambodia, Comoros, Cyprus, Dominica, Grenada, Malta, Saint Lucia, St Kitts and Nevis, and Vanuatu.
St. Kitts and Nevis’ programme had a perfect score in the areas of due diligence, mandatory travel or residence, citizenship timeline and ease of processing.
Mr. Khan, during the Press Unit in the Office of the Prime Minister, said that they will work to improve on the areas where the Federation’s programme did not return top scores.
He outlined, “It’s interesting that St. Kitts and Nevis should rank 7 out of 10 there when we do have one of the highest number of visa free countries and visa upon entry of port. With a combination of those two, we’re at about 150-155 countries that we can travel freely to. So again, I believe that we are one of the highest and it could be a point in time but I know that this Government and Minister Brantley have been working very aggressively in obtaining diplomatic relations with countries and ensuring that we increase the number of countries we can travel freely to.”
Mr. Khan also said “I would hope that in the next publication of this index, St. Kitts and Nevis would be ranked higher just based on the fact that we will continue to ensure our efficiency, continue to ensure our turnaround time, continue to ensure that the client experience is a good one, that our due diligence is always solid and there are things that we are working on to improve on our due diligence.”