St. Kitts and Nevis Citizenship by Investment Unit Chairman Addresses Concerns Over EU Visa Waiver and Highlights Programme Success
In his New Year’s address, Calvin St. Juste, Chairman of the St. Kitts and Nevis Citizenship by Investment Unit (CIU), reassured stakeholders that the country’s visa-free access to the European Union remains secure despite concerns surrounding the European Travel Information and Authorization System (ETIAS) rollout. The EU plans to introduce ETIAS for all visa-exempt nations starting in the first half of 2025.
"Let me clarify that our visa-free access to the European Union remains unaffected. ETIAS is a travel authorization system, not a visa, and it will apply to all visa-waiver countries globally. This measure aims to enhance travel security, without impacting our existing agreements with the EU," St. Juste stated.
The Chairman further emphasized the CIU’s ongoing efforts to maintain the integrity of the St. Kitts and Nevis Citizenship by Investment (CBI) Programme by adhering to the highest international standards of due diligence and transparency. These initiatives have solidified the country’s reputation as a trusted partner within the global community.
“As we enter 2025, we are committed to building on the solid foundation we have established this past year,” he said, noting the Programme’s significant progress on the international stage.
St. Juste highlighted the remarkable strides made throughout 2024 in strengthening the position of the St. Kitts and Nevis CBI Programme. He pointed to the implementation of vital reforms, alongside fostering international partnerships that benefit both the economy and citizens of the Federation.
“2024 has been a year of growth and progress. We’ve enhanced the CBI Programme by introducing reforms that align with global best practices and help drive our nation's economic development,” St. Juste remarked in a press statement.
In a recent CBI podcast, the Chairman shared insights into the ongoing restructuring of the 40-year-old Programme, which has prioritized good governance as its cornerstone. Establishing a Board of Governors and enhancing due diligence practices are among the steps taken to ensure the Programme's continued transparency and accountability.
Additionally, St. Juste highlighted recent adjustments to the CBI Programme’s investment thresholds, such as lowering the minimum required investment for real estate to $325,000 and for private homes to $600,000. These changes, he explained, are strategically aimed at attracting more investors while preserving the Programme’s elite status.
"We are committed to delivering decisions within ten weeks for straightforward applications, significantly reducing timelines through the use of innovation and technology,” he revealed.
The CIU’s efforts have reinforced St. Kitts and Nevis’ position as a top destination for global investors. The CBI Programme's contributions to the local economy are equally impactful, funding key sectors such as healthcare, education, and agriculture.
“The revenue generated from the CBI Programme touches every citizen—whether through the food we consume or the salaries of civil servants,” Chairman St. Juste emphasized, underlining the Programme’s vital role in sustaining the Federation’s long-term development.
As the year unfolds, the CIU remains steadfast in its commitment to maintaining the high standards that have made the St. Kitts and Nevis CBI Programme one of the most respected in the world.
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For further information how to obtain Saint Kitts and Nevis Citizenship by Investment please contact NG Global Citizens.