CBI programme records a 169 per cent increase in applications

Saint Kitts and Nevis has reported surge in Citizenship by Investment (CBI) applications, with a 169 percent increase during the final quarter of 2024.

This growth follows the Dr Terrance Drew-led Government’s reform initiatives and the transition of the Citizenship by Investment Unit (CIU) from a government entity to a statutory body in late 2024.

The increase in applications indicates renewed investor confidence in the program, which had previously suffered from mismanagement under the former administration.

In a January 31, 2025 article, the CIU highlighted that “Prime Minister Drew’s foresight to transition the CBI Unit to a statutory body has strengthened the Programme, continuing to attract ultra-high-net-worth individuals seeking a secure and reputable second citizenship.”

Prime Minister Drew stated, “The CIU’s transition to a statutory body was a bold step, rooted in our commitment to upholding the highest industry standards and setting a mark for others to follow. This remarkable growth reflects the transformative changes we’ve implemented to ensure transparency and efficiency. We remain steadfast in the vision to revolutionise the CBI industry, while driving sustainable development and economic prosperity for our nation. Our commitment to global security remains integral to maintaining the integrity and trustworthiness of our Citizenship by Investment Programme.”Key reforms under Prime Minister Drew’s leadership included passing the Citizenship by Investment Unit Act, establishing the Continuing International Due Diligence (CIDD) Unit for vetting CBI citizens abroad, and introducing legislation criminalizing citizenship underselling.

Be the first to comment on "CBI programme records a 169 per cent increase in applications"

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.