Strengthening Due Diligence: Saint Kitts Leads the Way
We have an important update to share with you regarding Saint Kitts and Nevis’ commitment to maintaining the integrity of its Citizenship by Investment (CBI) program.
Saint Kitts Established a “Continuing International Due Diligence Unit,” Headquartered in Brussels, Belgium.
In a bold move, the government of Saint Kitts and Nevis has established a “Continuing International Due Diligence Unit” (CIDDU) headquartered in Europe. This strategic decision underscores their unwavering dedication to upholding the highest due diligence standards for their CBI program.
The CIDDU will be responsible for continuously monitoring and evaluating the individuals who have obtained citizenship through the program. By basing this unit in Europe, Saint Kitts is demonstrating its commitment to maintaining a global presence and ensuring that its CBI program remains transparent and accountable.
In a pivotal meeting held in St. Kitts and Nevis, the “Caribbean Five” countries agreed to six crucial stipulations for their Citizenship Investment Programs (CIPs), as proposed by the United States of America.
- Collective agreement on the treatment of denials
- Interviews:
- Additional checks
- Audits
- Retrieval of passports
- Treatment of Russians and Belarusians
These new measures are designed to enhance transparency, strengthen due diligence, and ensure the integrity of the CIP industry across the region.
By implementing these robust due diligence principles, Saint Kitts and Nevis is setting a new standard for CBI programs worldwide. Investors can be confident that their applications will be thoroughly vetted and that the integrity of the program will be zealously protected.
As a leading destination for global citizens seeking new opportunities, Saint Kitts and Nevis continues to demonstrate its commitment to responsible and sustainable CBI practices. This latest development is a testament to their unwavering dedication to maintaining the highest levels of due diligence and investor trust.
We encourage you to explore the benefits of Saint Kitts and Nevis’ CBI program and experience the unparalleled opportunities it offers. Contact CCS Caribbean today to learn more about how you can become a part of this dynamic and secure investment landscape.
