St Kitts and Nevis CIU to Be a Statutory Corporation by October 1

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The Latitude View on St Kitts and Nevis CIU Becoming a Statutory Corporation

The Latitude Caribbean Managing Partner is Christopher Willis. He recognizes Wednesday, October 1, 2024 as another step in St Kitts and Nevis Citizenship by Investment Unit’s evolution. “It’s a further milestone in the history of the St Kitts and Nevis CIU,” Willis outlines.

He goes on: “The establishment of a Board of Governors sets the stage for the CIU to become a statutory corporation.” “This will help improve its governance.”

Basseterre St Kitts August 9, 2024

The official Government of Saint Kitts and Nevis resource, the St. Kitts & Nevis Information Service, published a news story on Friday, August 9, 2024. It’s significant if you’re applying for St Kitts and Nevis Citizenship by Investment. That’s because it communicates the St Kitts and Nevis CIU’s transition to a statutory corporation.

This is in line with “recommendations from international organisations like the Financial Action Task Force (FATF) and the Organisation for Economic Co-Operation and Development (OECD) to enhance the oversight and safety of investment migration programs.”

The St. Kitts & Nevis Information Service piece mentions that there are other national statutory corporations already in place. These include the Saint Kitts Tourism Authority.

Friday, August 9, 2024 marked the beginning of a second phase of transition for the St Kitts and Nevis CIU. This will focus on the retention of current staff under the new structure.

The Prime Minister of Saint Kitts and Nevis, The Honourable Dr Terrance Drew praised the country’s program. “Our well-respected CBI is the longest standing in the world and we are proud of what it has done for our people,” he asserted. “The St. Kitts-Nevis Labour Party Administration’s goal is to preserve our CBI Programme and make it sustainable.”

Finding Your Way to St Kitts and Nevis Citizenship by Investment in 2024

Don’t get lost in the paper trail that accompanies a St Kitts and Nevis CBI application. Let a highly-regarded Citizenship by Investment consultancy such as Latitude Group be your expert guide. So, don’t delay and contact us today.