Wednesday, 13th November 2024

CIU Head Martin aims to maximise efficiency of St Kitts and Nevis' CBI Programme

Friday, 29th March 2024

CIU Head Martin aims to maximise efficiency of St Kitts and Nevis' CBI Programme
St Kitts and Nevis: The Head of the Citizenship by Investment Unit of St Kitts and Nevis, Michael Martin, is consistently assessing the status of the CBI Unit to determine the best way forward for “maximum efficiency and effectiveness”. He said that the unit aims to maintain the integrity of the first and finest CBI Programme. Launched in 1984, the Programme has upheld its integrity and is known to provide the best opportunities to the investors.

Head Martin has always held its position as a very important assignment and says that, “This is an operation that is very important to the development of the country, and to the people of the country. We will have to rebrand and refocus the Programme, define our strategic goals, and create some new investment options that would be aligned with those strategic goals. ”

Since he assumed the office as the Head and CEO, Martin undertook various steps through which the Citizenship by Investment Programme underwent a complete evolution which included the increasing the minimum investment threshold. This move was aimed at enhancing the privacy and ensuring that only legitimate investors are permitted entry into the twin island nation.

Martin has always stated that his focus is on advancing the country. “We will be looking at emerging markets and redefining our target client. There must be some exclusivity to it,” he noted during a recent interview.

In addition to this, the changes also included mandatory interviews as part of the due diligence process, which requires applicants to appear for an interview online or offline as necessitated by the CIU Unit.

Meanwhile, Head Martin has always worked to boost the due diligence procedures undertaken during the application process of providing the alternative citizenship. Such moves undertaken by the Head showcase his commitment and dedication to enhancing and maintaining the overall Programme.

Martin is no stranger to the CBI industry as he has been listed as one of the leading service providers in the industry which is why his appointment as the head has turned out be very beneficial for the CIU Unit.