BASSETERRE, St. Kitts, May 5, 2017 (Press Unit in the Office of the Prime Minister) –St. Kitts and Nevis’ Citizenship by Investment Programme (CBI) received a huge endorsement late last month as one that can help improve the power ranking of another country’s passport.
That revelation was made by Mr. Philippe May, Managing Director of Arton Capital, Singapore, during an interview on the BBC World programme, published on April 26, 2017.
Arton Capital is a global financial advisory firm, specializing in investor programmes for residence and citizenship.
During the interview, Mr. May stated that for a country like the Philippines (currently ranked 65 on Arton Capital’s passport power index) wishing to get a passport from the top ten list, they should choose the Citizenship by Investment Programme in St. Kitts and Nevis where they can “invest in a property and within a few months – given that other conditions are fulfilled as well – you can become a citizen there and rank in the top ten.”
Since assuming office two years ago, the Government of National Unity has implemented a number of measures geared towards reforming the country’s Citizenship by Investment Programme, particularly with respect to the due diligence process.
Some of these changes have included organizational reforms at the Citizenship by Investment Unit (CIU), which have resulted in a more professional staff with new management to deliver high quality service, and the establishment of a technical committee to address issues of denial.
The government’s effort to strengthen the standing of its citizenship programme, described by Henley & Partners as “the oldest of its kind in the world and the most popular”, was recently welcomed by the International Monetary Fund (IMF).
During a meeting with the Government of St. Kitts and Nevis, the Eastern Caribbean Central Bank (ECCB) and other financial stakeholders on Wednesday, May 03 2017, IMF mission chief,
Ms. Inci Otker said, “I would like to commend the government for strengthening the processes, particularly the due diligence processes” of the CBI programme.
The full interview as broadcast on BBC World can be viewed here on Arton Capital’s YouTube Channel: https://www.youtube.com/watch?