Introduced in March 2018, the SGF requires applicants to submit a single investment directly to the Government in return for St Kitts and Nevis citizenship. The funds boost areas like healthcare, education, housing, infrastructure and tourism.
LONDON, ENGLAND, January 08, 2019 — One of the main reasons persons interested in second citizenship flock to St Kitts and Nevis is due to the country’s continual investment in its business landscape. The newest investment channel, the Sustainable Growth Fund, not only enables applicants to benefit from St Kitts and Nevis’ Citizenship by Investment (CBI) Programme and its commerce-friendly approach, but promotes the nation’s business environment.The Sustainable Growth Fund (SGF) is a new, modern investment option under St Kitts and Nevis’ Programme.
Introduced in March 2018, the SGF requires applicants to submit a single investment directly to the Government in return for St Kitts and Nevis citizenship. Since its launch, the SGF has attracted both strong interest from applicants and acclaim from the industry. For industry marketing agents, the fund is a creative option that enables a high level of service to be provided to applicants. At a conference in Dubai hosted by CS Global Partners in April 2018, many international agents applauded the fund. For applicants, the SGF offers many competitive advantages over those presented by other jurisdictions. For example, with a processing time of three months or under, the service is fast and efficient. Applicants are offered greater flexibility, both in terms of a more affordable investment amount and in their ability to select any Government-authorised agent to assist them with their application. The fund is also reliable, largely due to St Kitts and Nevis’ extensive experience in the industry and respect for international values. This provides protection to applicants’ personal and business reputations. In addition to these advantages, the SGF benefits applicants by supporting the very business environment into which they invest.When applicants select the SGF, the investment they make is put directly towards national sustainable growth. This typically takes the form of funding for sectors such as healthcare, education, vocational training, housing and public infrastructure, climate change resilience, tourism, and entrepreneurship. Numerous examples of recent successful investment can be found, such as the construction of 139 homes, improvement to public transport via road resurfacing and the new East Bus Terminal, investment in the Technical and Vocational Education and Training (TVET) Project, and the Youth Entrepreneurship Programme (YEP), which in 2019 will help approximately 25 young entrepreneurs develop their business objectives. Investments such as these boost St Kitts and Nevis’ business environment directly and indirectly. TVET upskills the workforce across a range of sectors whilst YEP leads to greater business investment and job creation. Both increase the capability and strength of the business landscape, and skilled workers can be utilized in the business of any applicant. These investments also strengthen the economy.
During the first half of 2018, the economy grew at an accelerated rate as compared to that time in 2017. Investment in construction, real estate, transport, business activities, and the manufacturing and agriculture sectors contributed significantly to this growth, as stated by Prime Minister Dr. the Hon. Timothy Harris in November. With the uptick in business, there will be a need for financial and contractual agreements that would be made. Surety bonds (know what is surety bond here) such as motor vehicle dealer bonds, construction bonds, etc., might become a necessity. These sectors may also require additional improvements to their processes through the use of sophisticated solutions like business software (such as ERP). However, those implementing this software should keep in mind that a gradual approach makes ERP implementation easier. A stronger economy means greater benefits to be gained by conducting business in the nation. Indirectly, these improvements help communities recover from natural disasters as fast as possible. There is therefore less damage to the economy and to the country’s business infrastructure and capability. Given the numerous benefits to applicants – speed, flexibility, reliability, and community investment – the additional advantage of promoting the business environment of which they will soon be a part underlines the SGF as the most advantageous CBI investment option. By selecting the SGF, applicants can profit not just for themselves and their businesses, but for their children and future generations.