Citizenship by Investment

Procurement, Special Projects and Citizenship By Investment

St. Kitts and Nevis is one of the smallest states within the Western Hemisphere as well as within  the Organization of Eastern Caribbean States. The Federation boasts a strong economy but even as it claims success in this aspect, there are serious concerns that its laws do not go far enough to minimize or stamp out corruption and corrupt practices. Attempts are now being made to remedy that situation through legislative amendments but progress is slow towards completion, especially the Tender and Procurement Legislation, which continues to be a major suggested area of corruption. For many years, there have been murmurs over the way successive governments have been operating the Tender and Procurement Processes, and whether they have been honouring the parameters of the laws of the land. 

With a population of more than 53,000, St.

CIJN Launches Documentary on Citizenship By Investment

Across the world, Citizenship by Investment Programmes have come under increased scrutiny due to concerns of transparency and accountability. What is clear is that they are a necessary aspect of the economic survival of the Caribbean nations that offer them. This special presentation explores how they operate, the concerns around them and the difference it makes in the lives of the people of the Caribbean region.

This documentary is the pilot for Caribbean Canvas and is titled, “Caribbean Canvas – Golden Passports, The Investigation.”

Caribbean Citizenship-by-Investment Programmes: Performance and Challenges

History and Growth of CBIs

Citizenship-by-Investment programmes began in 1984 in St Kitts and Nevis, followed by Dominica in1991, by Antigua and Barbuda and Grenada in 2013 and then St Lucia in 2015. Since 1984, several changes and adjustments were made to the various schemes. Basically, however, there are three types of programmes: a financial donation; real estate and an investment. The donation normally goes to the treasury or to a national development fund to finance strategic development projects. The real estate option which has become the most attractive in terms of demand involves the purchase of property which could be sold after an agreed length of time.