The Citizenship by Investment Unit (CIU) of St. Kitts and Nevis has announced it is “carefully evaluating” the potential introduction of a physical presence requirement as part of its Citizenship by Investment (CBI) Programme, due to increased international scrutiny of investor immigration programmes towards global compliance.
Any potential changes to the Programme will be introduced through a methodical, consultative process. There will be no sudden shifts.
-CIU St.Kitts and Nevis
When the inclusion of a residency requirement is pursued, adequate lead time and clear guidance will be provided to all stakeholders to allow for operational adjustments. Transparency, predictability, and stability will guide every step of the policy development process.
Our goal is to ensure that the Programme continues to set global benchmarks while remaining responsive to international expectations,”
– CIU Executive Chairman H.E Calvin St. Juste.
Government will soon present legislation to Parliament that will embed key reforms in the Citizenship by Investment (CBI) programme, including a mandatory residency clause and upgraded biometric verification systems. The new law, expected to be passed in the coming weeks, forms part of the Government’s ongoing efforts to modernize and fortify the programme for long-term sustainability and international respect.
This is about safeguarding our national interest, preserving the strength of our passport, and upholding our responsibility as a trusted member of the international community,”
PM Drew
The Prime Minister has clarified to public, “The residency clause and the biometrics, those will be part of the new law, which is to pass very, very soon, within a few weeks.”
