PM Says Government is committed to Protecting Citizenship by Investment Program

Addressing an audience made up of a cross section of high-end entrepreneurs – among them nationals who are already citizens by investment – during an official visit to the United Arab Emirates on Wednesday night, Prime Minister Douglas said the partnership assists St. Kitts and Nevis in pursuing its national development agenda and secures for individuals and investors an opportunity to become a citizen of St. Kitts and Nevis with all the benefits of citizenship.

“Specifically because our Program is the oldest of its kind, its relevance to our investment portfolio and its value to the development agenda of St. Kitts and Nevis; my government places top priority on it and will protect jealously the integrity and security of the program,” said Prime Minister Douglas, who encouraged them to make further significant investments for the development of the twin-island Federation.

Dr. Douglas stressed to the group among them from persons from various fields including engineering, electrical, investment banking, project development and mining, that St. Kitts and Nevis is a member of the United Nations and a responsible participant in the global community.

“Hence, in the implementation of its entire program including the Citizenship by Investment Program, we honour all of our international obligations that arise from our membership of the United Nations and other international organizations,” said Prime Minister Douglas, following presentations by representatives of Belmont Resorts and Christophe Harbour.

He pointed out that St. Kitts and Nevis recently amended the program to make it more robust and resistant to abuse.

“I would like to urge you all, as individuals interested in learning more about the program with the aim of introducing it to your clients, to appreciate the overwhelming importance my government attaches to upholding the integrity, security and sustainability of our Citizenship-by-Investment program.  I further urge you as service providers and partners in development to recognize and uphold the paramount of credible due diligence checks,” said Prime Minister Douglas.

“My Government will use all the tools available to identify those individuals and to deny them access to our program.  It is imperative for them to understand unequivocally that this is not the program for them.  St. Kitts and Nevis is committed to ensuring that this program exceeds international standards and stands up to any form of scrutiny,” said Dr. Douglas, who made it clear “that whilst the Citizenship by Investment Program does not discriminate against anyone, we promise to be meticulously consistent in our efforts to restrict access to anyone who do not meet the objective and legal requirements of our citizenship program.”

Dr. Douglas said his St. Kitts and Nevis Government values its human resource and sees investment as a catalyst for the advancement of its people.

“A comprehensive economic strategy has been initiated that will propel the growth of our Federation and increase its stability over time. The Government has pursued a “zero tolerance approach” in its adoption and execution of policies and strategies to control any form of criminal activity to preserve the safety and security of its citizens as well as visitors to our shores whether for business or pleasure,” he said.

 

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