St Kitts and Nevis Government Rehabilitates 900 Homes Via Hurricane Relief Fund

Stocks and Financial Services Press Releases Monday September 10, 2018 10:21
LONDON--10 Sep--PRNewswire/InfoQuest

St Kitts and Nevis' government announces that 900 families have benefited from assistance through the Hurricane Relief Fund - the brainchild of Prime Minister Timothy Harris. A cash injection worth $11.5m has so far helped those affected by Hurricane Irma and Maria restore their homes.

The funds come from the country's popular citizenship by investment (CBI) programme - a concept introduced to the world by St Kitts and Nevis in 1984 whereby investors can obtain the citizenship of this well-connected twin-island nation in exchange for a significant contribution to the country's economy. Until recently, one such route was an investment into the Hurricane Relief Fund - a 6-month initiative that proved extremely popular among investors wishing to support the country through the challenging hurricane season.

Following the success of the Hurricane Relief Fund, Prime Minister Timothy Harris introduced the Sustainable Growth Fund (SGF) , which aims to enhance the quality of education on the twin-islands, boosts St Kitts and Nevis' already booming tourism sector, supports indigenous entrepreneurship, and helps develop many other socio-economic initiatives to benefit its citizens.

"Many investors prefer making a contribution to the Sustainable Growth Fund, which is the faster and more affordable route to St Kitts and Nevis' citizenship," says Paul Singh, Director of CS Global Partners , an international, industry-leading, award-winning legal advisory firm specialising in citizenship and residence solutions. For an investment of US$150,000 per main applicant or US$195,000 for a family of four, the Sustainable Growth Fund is especially attractive for larger families looking for stability and businesspersons seeking hassle-free travel to over 150 countries and territories, including the Schengen Area and business hubs like Singapore, Hong Kong and London.

St Kitts and Nevis is renowned for forging extensive diplomatic ties and its efforts have paid off, as highlighted in the   latest CBI Index - an independent study published by the Financial Times ' Professional Wealth Management . St Kitts and Nevis' CBI Programme, considered the Platinum Standard of the industry, earned its place on the CBI podium, ranking number one with respect to ease of processing, convenient travel and residence requirements, and due diligence.

As political turmoil creates ever more uncertainty around the world, it seems the concept of acquiring dual nationality through investment offers a solution to both St Kitts and Nevis' current nationals and its newly adopted economic citizens.

Source: CS Global Partners

Latest Press Release

Photo Release: KBank teams up with PTTOR to offer first KBank Service at Cafe Amazon, PTT Service Station (Ekamai-Ramintra)

Ms. Jiraporn Khaosawas (1st from left), Chief Executive Officer and Managing Director of PTT Oil and Retail Business PCL. (PTTOR), and Mr. Patchara Samalapa, KBank President, recently introduced "KBank Service" or deposit service at Cafe Amazon, PTT...

SHREIT announces distribution for unitholders of 0.2561 baht per unit All three existing hotels continue to generate excellent revenues in past three months Results from first 10 months of 2018 yield total distribution of 0.5997 baht per unit

Strategic Hospitality Extendable Freehold and Leasehold Real Estate Investment Trust (SHREIT) on 19 November 2018 announced distribution payment for the past four months (1 August - 31 October 2018) to unitholders at the rate of 0.2561 baht per unit. And...

KTC joins forces with Bangkok Airways Airline in launching seven brand-new KTC Bangkok Airways credit cards beyond the power of boutique, all-in-one cards.

KTC jointly with Bangkok Airways, celebrate their 13th partnership anniversary and Bangkok Airways' 50th anniversary, transforming seven KTC – Bangkok Airways credit cards to cover all card alliance networks including MasterCard, VISA and JCB,...

SEC Dates CAZ Filing Plans to Sell 80 Million of IPO Shares To Increase Working Capital and Serve More Future Works

The Securities and Exchange Commission Thailand (SEC) dated the filing of CAZ (Thailand) Public Company Limited or "CAZ" for listing in the Market for Alternative Investment (MAI). The Company plans to sell 80 million of initial public offering (IPO)...

UnionPay Launches UnionPay Celebrating You Campaign Offering exclusive privileges that let customers save more this festive season

Photo Caption – Mr. Pingfu Zheng (third from left), Thailand Country Manager, Union Pay International and Mr. Thanakorn Puriwekin (second from left), Director and Chief Films Officer, Major Cineplex Group, attended the launch event for UnionPay...

Related Topics