Bengaluru, NFAPost: It is time for high networth individuals to look at investment options at various countries as per the regulatory framework. Global Partners is organising a webinar on 24th November on Citizenship by Investment (CBI).
The webinar assumes significance as there HNIs across the globe are relinquishing their citizenship and taking it other geographies to save their hard-earned money from tax and legal compliances. Countries like St Kitts and Nevis along with others are helping HNIs taking advantage of their regulatory policies.
London-headquartered legal advisory CS Global Partners along with Times of Indis is hosting on 24th November the webinar on Citizenship by Investment (CBI).
The concept originates from the Federation of St Kitts and Nevis, a Caribbean twin-island nation that established their CBI Programme in 1984. Besides St Kitts Prime Minister Dr the Honourable Timothy Harris, the webinar will have participation from the CEO of the country’s Citizenship by Investment Unit Les Khan.
St Kitts and Nevis recently announced a significant, but temporary reduction in the amount that qualifies families for CBI. Until January 15, 2021, families of up to four can obtain citizenship by making a $150,000 contribution to the Sustainable Growth Fund.
They must first pass all the due diligence checks which are considered some of the strictest in the world. In a recent webinar, Les Khan explained that it is the fast and efficient processing that makes investors choose St Kitts and Nevis’ ‘Platinum Standard’ Programme now, in particular.
St Kitts Prime Minister Dr the Honourable Timothy Harris recently stated the country is very satisfied at this time to have the best Programme and is commited, going forward, to continue to provide competent and reliable service.
“We commit that we will always be the most innovative Programme available, and, of course, we value the choice that we have developed over all these years with our clients, with governments far and near,” said St Kitts Prime Minister Dr the Honourable Timothy Harris.
Besides developed countries, Grenada, Dominica, St Lucia, St Kitts and Nevis along with other EU countries have emerged green pastures for those who are seeming citizenship.
Uncertain investment climate
In light of the ongoing pandemic and investor trends, St Kitts Prime Minister Dr the Honourable Timothy Harris said this particular time of uncertainty investors are looking not just at acquiring citizenship but acquiring it in a country which is peaceful, which has strong rule of law, and which is growing or has that capacity.
St Kitts Prime Minister Dr the Honourable Timothy Harris made reference to the World Justice Project’s Rule of Law Index, which places St Kitts and Nevis in the world’s top 25% for rule of law.
“The rule of law is strong, property rights are respected, our judiciary is working and working well,” added St Kitts Prime Minister Dr the Honourable Timothy Harris
St Kitts and Nevis had an efficient response to preventing the spread of COVID-19, with only 19 confirmed cases and no deaths. The country started its economic recovery early on.
Click here to register for the webinar.