CBI firm praises 'forward-thinking' St Kitts-Nevis Hurricane Relief Fund

The new citizenship by investment option in St Kitts and Nevis has been lauded by one of the industry’s biggest legal consultancies.

Following a series of high impact hurricanes that have caused significant damage in the Caribbean, the St Kitts and Nevis Citizenship by Investment Unit has introduced the temporary Hurricane Relief Fund.

This innovative response has been designed to allow the federation greater protection against future natural disasters.

Prime Minister Timothy Harris has already labelled the new scheme an “attractive option” for citizenship applicants, one which will help people “make a positive impact on the environment in which they are seeking to play an active part.”

“As the longest-serving programme in the world, the St Kitts and Nevis offering continues to improve with age,” said Micha Emmett

“This temporary feature of the programme is a ‘win-win’ for applicant and country.

"The Citizenship by Investment Unit is thinking about the future, as is the discerning applicant, as if to say ‘an investment in your future is also one in ours’.”

Under the Hurricane Relief Fund model, which is in place until March 2018, a family of four can be granted citizenship of St Kitts and Nevis for U$150,000.

CEO of the St Kitts and Nevis Citizenship by Investment Unit, Les Khan, is currently in Dubai to launch the new fund to immigration agents.

This follows his recent appointment to the coveted position of Chairman for the Citizenship by Investment Programmes Association.

Khan said recently that ”being able to anticipate and prepare” for the cost and consequences of hurricane is “what the Hurricane Relief Fund is about”.

Earlier this year the St Kitts and Nevis citizenship by investment programme was voted among the word’s best, with strict due diligence highlighted as a major benefit.

In addition to this, the Accelerated Application Process means prospective applicants can be granted citizenship within a guaranteed 60-day period.