The St.Kitts & Nevis (SKN) CBI Programme since its inception in 1984, remains an illustrious pathway for high-net-worth individuals and families seeking legal citizenship in the captivating Caribbean nation.
The SKN Government had successfully replaced the Sustainable Growth Fund (SGF) with the Sustainable Island State Contribution (SISC) in July 2023. The Government is finding innovative ways to generate economic activity that will propel St. Kitts and Nevis on the path towards becoming a sustainable island state.
The SKN Government has set up several state funds associated with the citizenship by investment program in the past. These were:
1.Sugar Industry Diversification Fund (SIDF)
The Sugar Industry Diversification Foundation (SIDF) is a charity setup by Saint Kitts Nevis Government in 1984 to raise funds for the displaced sugar industry workers.
2. Hurricane Relief Fund
The St Kitts government introduced Hurricane relief Fund (HRF) in Oct 2017 and this scheme ran for six months until Mar 31, 2018 requiring reduced $150,000 contribution replacing SIDF. The Government disclosed 1200 applications received under HRF scheme. The funds collected go towards assisting damage to agriculture, and improving roads and buildings that were affected by Hurricane Irma.
3. Sustainable Growth Fund (SGF)
Sustainable Growth Fund (SGF) St Kitts and Nevis has launched Sustainable Growth fund, effective from April 1, 2018 to mid 2023. It served as a stable and secure path to second citizenship in St. Kitts and Nevis. The SGF to channel resources to priority areas like education, health, climate change and resilience, infrastructure, tourism and culture, and the promotion of indigenous entrepreneurship – to the benefit of all citizens. It was replaced with Sustainable Island Growth Fund in Jul 2023, by the Terrance Drew Government.
4. Sustainable Island Contribution Fund
The St.Kitts and Nevis Sustainable Island State Contribution allows aspiring investors to take part in the social, environmental, and economic goals of the country. From the transition to green energy to economic development to evolving the creative economy, this fund is helping us do great things. The energy transformation is a fundamental aspect of our Sustainable Island State vision. The twin federation strives to be a benchmark for competing nations, demonstrating the importance of sustainability, transparency, and robust due diligence in CBI Programmes.
The Sustainable Island State Contribution was established under Saint Christopher and Nevis Citizenship by Substantial Investment Regulations, 2023 which was published 27th July 2023, Extra Ordinary Gazette No. 44 of 2023
The Sustainable Island State Contribution stands as a testament, inviting aspiring investors to partake in the country’s socio-economic and environmental aspirations, particularly its energy transformation journey.
- Prime Minister Dr. DREW
The SISC strives to support the economic and social development of the nation across seven prioritised economic benefits. These include:
- Increasing local food production
- Transitioning to green energy
- Diversifying the economy
- Attracting and supporting sustainable industries
- Evolving the creative economy
- Recovering from the impacts of the Covid-19 pandemic
- Expanding social protections and safety nets to safeguard the most vulnerable segments of the population.
