The Prime Minister of St Kitts & Nevis, Dr. the Honorable Timothy Harris, is traveling with a delegation to promote the country’s CBI Programme across the Middle East. Prime Minister Harris will be meeting with several marketers and promoters in the investment migration industry to discuss new investment options for citizenship on the islands.
St Kitts & Nevis is a popular second passport among foreign nationals from the Middle East seeking economic investment opportunities. At a ceremony in Dubai, the prime minister thanked all of those in the region who decided to stand with the islands after a challenging hurricane season and contribute to the Hurricane Relief Fund.
Representatives from RIF TRUST Investments and Range Development – both regional leaders in the investment migration industry – were also present at the event. The firms received an honorary award from the prime minister’s delegation for the work they contributed to the Hurricane Relief Fund.
Mimoun Assraoui, CEO of RIF TRUST, commented on his firm’s involvement with the program:
‘We have pushed the program of St Kitts knowing the fund allocation would be more than useful to rebuild both islands. Our clients are mostly from the Middle East and while acquiring a second nationality makes their life easier in terms of travel and freedom, they also are contributing to a very noble cause.”
In addition to announcing the Hurricane Relief Fund’s successful conclusion, Prime Minister Harris provided details on the recently announced Sustainable Growth Fund. The fund is a new economic citizenship option that will be used to invest in health care, education, alternative energy, heritage, infrastructure, tourism and culture, climate change and resilience, and the promotion of indigenous entrepreneurship.
The Sustainable Growth Fund provides two options for investors: 1) a $150,000 USD contribution for a single applicant or, 2) a $195,000 USD contribution for a family of four. Successful applicants will receive citizenship on the twin island federation and obtain one of the most powerful passports in the region, allowing visa-free travel to 130 countries.
After his delegation concludes its Middle East tour, Prime Minister Harris will travel to Hong Kong to continue promoting economic investment opportunities on St Kitts & Nevis.