Published 25 September 2024
St Kitts, Basseterre,
Buckie Got It Media Source
Government of Saint Kitts and Nevis Celebrates Regaining Top Spot in 2024 CBI Index Report
Basseterre, Saint Kitts and Nevis, 25 September, 2024 – The Government of Saint Kitts and Nevis proudly announces that the country has reclaimed the number one position in the 2024 Citizenship by Investment (CBI) Index, scoring an impressive 76 points. This prestigious recognition reaffirms Saint Kitts and Nevis as a global leader in the CBI industry, underpinned by a steadfast commitment to regulatory excellence, due diligence, and the continuous enhancement of its CBI programme.
In a testament to its robust framework, Saint Kitts and Nevis has demonstrated exceptional leadership in adhering to and implementing the directives set forth by the Memorandum of Agreement (MoA). This commitment was pivotal in securing the top spot in this year’s CBI Index.
Notably, the country has made significant strides in fortifying its CBI programme through recent legislative and structural advancements. The passage of the Citizenship by Investment Unit Act, which formally establishes the CBI Unit as a corporate body, marks a new chapter in the programme’s governance and operational efficiency. Complementing this, the establishment of the Continuing International Due Diligence (CIDD) Unit underscores the government’s proactive approach to international security concerns. The CIDD Unit will conduct ongoing vetting of CBI citizens residing abroad, working in tandem with international law enforcement agencies to mitigate perceived risks and maintain the integrity of the programme.
The 2024 CBI Index further highlights Saint Kitts and Nevis’ dominance in key areas, with the country ranking first in the Ease of Processing Pillar and Due Diligence Pillar. The maximum points score in Ease of Processing is a clear indication of the programme’s successful balancing of rigorous vetting procedures with efficient processing workflows, ensuring both security and accessibility. Retaining the top position in the Due Diligence Pillar reflects Saint Kitts and Nevis’ relentless dedication to transparency and the implementation of the ‘Six Principles’ alongside enhanced due diligence standards, as demonstrated by the recent introduction of the CIDD Unit.
Moreover, Saint Kitts and Nevis stands out as the only country to achieve a perfect score in the Certainty of Product Pillar, a testament to its swift and effective response to unprecedented international scrutiny. This pillar evaluates a programme’s resilience across various dimensions, including longevity, popularity, stability, reputation, and adaptability—areas where Saint Kitts and Nevis continues to excel.
Prime Minister Dr Terrance M Drew expressed his pride in the country’s achievement, stating, “This recognition is not just a reflection of our leadership in the CBI industry but a testament to our nation’s commitment to maintaining the highest standards of governance, security, and integrity. Saint Kitts and Nevis will continue to innovate and adapt, ensuring that our Citizenship by Investment Programme remains the gold standard globally. We are proud to offer a programme that not only meets but exceeds international expectations.”
As Saint Kitts and Nevis celebrates this significant milestone, the government remains dedicated to further strengthening its CBI programme, ensuring its continued success and its contribution to the nation’s economic growth.
