The government of St Kitts and Nevis has announced that income received through its Hurricane Relief Fund is already helping people recover from the effects of last September’s hurricanes.
The HRF, part of the country’s citizenship by investment scheme, is a temporary offering to attract investors at a price of US$150,000.
Proceeds will go towards assisting damage to agriculture, and improving roads and buildings that were affected by natural disasters.
While the introduction of the fund divided political parties, the federation’s Citizenship by Investment Unit (CIU) believes it is “enabling the nation to repair key infrastructure and ensure the ongoing prosperity of its people.”
Les Khan, CEO of the CIU, said that despite a strong need for funds, the unit continues to prioritise strict vetting and processing procedures.
“As the platinum standard of this industry, we have a responsibility to our people, our government, and to the countries that support us, to continue to execute the strongest practices in due diligence,” he said.
“We encourage individuals and families to take the opportunity to invest at a lower threshold for a product that is uncompromised in its quality.”
The Hurricane Relief Fund options ends on 30 March.
The St Kitts and Nevis citizenship by investment programme is the longest-running in the world.