Posts Tagged ‘#Caribbeannews’

NYC Gala To Honor Eminent Caribbean Leaders At Esteemed University Of The West Indies Event

The AFUWI Gala Supports Scholarships For Underprivileged Caribbean Students Studying At UWI

For Immediate Release CARIBPR WIRE,  NEW YORK, NY, Weds. March 20, 2024: The countdown is on to the 27th annual American Foundation for The University of the West Indies (AFUWI) fundraising gala, set for Thursday, April 18th, from 6:30 p.m. at the classy 583 Park Avenue venue in New York City.

This year’s gala, presented under the theme, “The Legacy Continues,” will build upon the history of providing hundreds of scholarships over the past decade. These scholarships have opened doors for Caribbean students from underprivileged backgrounds, allowing them to achieve their dreams of pursuing higher education.

“The AFUWI annual gala awards has been a significant funding source for the scholarship program, giving us the finances urgently needed to assist with tuition expenses for many young, talented, and ambitious Caribbean nationals who would not be able to fulfill their aspirations of a college education because of their dire financial circumstances,” said Ann-Marie Grant, executive director of the American Foundation for The University of the West Indies, (AFUWI). “We are so thankful to all our donors who, by contributing to this endeavor, help to create their own impactful legacy.”

This Year’s Distinguished Honorees Are:

His Excellency Dr. Mohamed Irfaan Ali, the ninth President of the Cooperative Republic of Guyana, commander-in-chief of the Armed Forces, and current chairman of the Caribbean Community, (CARICOM).

Mr. Don Christian, a partner at PricewaterhouseCoopers LLP, with a 35-year career in technology, aerospace, defense, and more. He is also a trustee at Howard University and the McDonogh School and the founder of the Jamaica Howard University Affinity Network, (J-1 or JHUAN), which has raised over $250,000 for Jamaican students.

Mr. Antony Mark Desnoes Hart, the executive chairman of Caribbean Producers Jamaica Ltd. and a key figure in its establishment. He previously served as CEO, and is also a founding shareholder of the company, which is currently listed on the Jamaica Stock Exchange, (JSE). Attorney Darren Skinner, co-general counsel of the Washington, D.C. office of Arnold & Porter, a law firm that provides sophisticated regulatory, litigation, and transactional representation to nearly half of the Fortune 100 and many other clients.

Attorney Darren Skinner, partner and co-general counsel of the Washington, D.C. office of Arnold & Porter, a law firm that provides sophisticated regulatory, litigation, and transactional representation to nearly half of the Fortune 100 and many other clients.

Ms. Michele Chow-Tai, the managing director of Business Development at Fairview Capital Partners, where she spearheads strategic planning and client strategies to enhance the firm’s private equity and venture capital endeavors. Ms. Chow-Tai is also actively involved in several boards, including the National Association of Securities Professionals – New York Chapter and the Greater New Haven Chambers of Commerce.

Rev. Patrick Perrin, who from Jamaica to New York, has dedicated most of his life to guiding his congregation and youth. Rev. Perrin recently retired as a United Methodist Elder after serving St. John’s United Methodist Church of Elmont in Valley Stream, New York, ending 32 years of service to the United Methodist Church.

Each ticket, table, sponsorship, or donation helps to fund education in the Caribbean and create the next generation of leaders in a region that struggles with a lack of access to capital. Get your tickets today for the AFUWI 27th annual gala at https://www.afuwi.org/

ABOUT AFUWI

The American Foundation for The University of The West Indies, (AFUWI), a US-based non-profit, seeks to transform the lives of exceptionally talented young women and men who are in dire financial circumstances by providing access to higher education so they can break the cycle of generational poverty and make an economic impact in their local communities and throughout the Caribbean region. During the past 10+ years alone, AFUWI has provided approximately 600 tuition scholarships to students across the Caribbean region, donated $7.5M in goods, and brokered multiple relationships with other tier-one institutions. All contributions – cash or in-kind – are tax-deductible to the full extent of state and federal laws. Donate to support education today at afuwi.org

Website | Instagram | Facebook

ABOUT UWI

The University of the West Indies, (UWI), initially known as the University College of the West Indies, is a public university network that fulfills the higher education needs of 17 English-speaking Caribbean nations and territories. These include both members of the Commonwealth and British Overseas Territories.  The UWI aims to foster economic and cultural growth across the West Indies, enhancing regional independence. Initially affiliated with the University of London, UWI has become a cradle of excellence in various fields, including arts, sciences, business, and politics, with its alums and faculty earning global recognition such as Nobel Prizes, Rhodes Scholarships, and more. The UWI operates across multiple campuses: Mona in Jamaica, Cave Hill in Barbados, St. Augustine in Trinidad and Tobago, Five Islands in Antigua and Barbuda, and the Open Campus serving the broader Caribbean.

EDITOR’S NOTE: A photo for use with this press release is available HERE

CAPTION: This year’s honorees of the 27th annual AFUWI gala are from top left: His Excellency Dr. Mohamed Irfaan Ali, the ninth President of the Co-operative Republic of Guyana and Commander-in-Chief of the Armed Forces as well as the current chairman of the Caribbean Community, (CARICOM.); Mr. Don Christian, a Partner at PricewaterhouseCoopers LLP; Attorney Darren Skinner,  partner and co-general counsel of the law firm of the Washington, D.C. office of Arnold & Porter; Bottom L-R: Mr. Antony Mark Desnoes Hart, Executive Chairman of the Caribbean Producers Jamaica Ltd.; Ms. Michele Chow-Tai, the Managing Director of Business Development at Fairview Capital Partners; and  Rev. Patrick Perrin, recently retired as a United Methodist Elder after serving St. John’s United Methodist Church of Elmont, in Valley Stream, New York. (AFUWI image)

Click Here for More Information »

QS Latin America & Caribbean Ranking 2024

Latin America & Caribbean’s top universities revealed

LONDON, Sept. 13, 2023 /PRNewswire/ — QS Quacquarelli Symonds, global higher education analyst, has released the thirteenth annual list of Latin America & The Caribbean’s best universities. Evaluating the region’s institutions based on academic and employer recognition, research output, resources and internationalisation, the final table lists 430 institutions across 25 locations.

QS Quacquarelli Symonds Logo

Universidade de São Paulo takes the top spot, usurping Pontificia Universidad Católica de Chile which comes second while Brazil’s Universidade Estadual de Campinas places third. Brazil is the most represented higher education system, with 97 listed universities, followed by Mexico with 63 and Colombia with 61.

Overview

  • Argentina: 14/43 universities drop, 12 rise, 17 remain static. Universidad de Buenos Aires (9th) is national leader
  • Bolivia’s Universidad Mayor de San Andrés (135th) ranks seventh for Citations per Paper
  • Brazil leads in PhD-trained faculty and research volume
  • Chile is most well-renowned country among international academics
  • Colombia boasts the most top-50 universities for Employer Reputation
  • Costa Rica’s national leader, Universidad de Costa Rica, places 20th
  • Cuba enjoys exceptionally high teaching capacity
  • Dominican Republic excels in research impact
  • Ecuador: 82% of universities improve for Citations per Paper
  • Mexico: Universidad Nacional Autónoma de México is the region’s most well-renowned university among academics
  • Panama ranks for seven universities. Universidad Tecnológica de Panamá (130th) is national leader
  • Peru is most improved overall – 33% of universities climb, 8% drop
  • All Uruguay’s institutions place among the top 100
  • Venezuela: 4/9 universities are among the region’s top-100, two are in the top-50

Latin America & Caribbean 2024: Top-20

2024

2023

Institution

Location

1

2

Universidade de São Paulo

Brazil

2

1

Pontificia Universidad Católica de Chile

Chile

3

5

Universidade Estadual de Campinas

Brazil

4

4

Tecnológico de Monterrey

Mexico

5

3

Universidad de Chile

Chile

6

6

Universidad de los Andes

Colombia

7

7

Universidad Nacional Autónoma de México

Mexico

8

8

Universidade Federal do Rio de Janeiro

Brazil

9

9

Universidad de Buenos Aires

Argentina

10

11

UNESP

Brazil

11

12

Universidad de Concepción

Chile

12

10

Universidad Nacional de Colombia

Colombia

13

13

Pontificia Universidad Católica del Perú

Peru

14

16

Universidade Federal de Minas Gerais

Brazil

15

14

Universidad de Santiago de Chil

Chile

16

18

Pontificia Universidad Javeriana

Colombia

17

19

Pontifícia Universidade Católica do Rio de Janeiro

Brazil

18

17

Universidade Federal do Rio Grande Do Sul

Brazil

19

15

Universidad de Antioquia

Colombia

20

20

Universidad de Costa Rica

Costa Rica

© QS Quacquarelli Symonds 2004-2023 www.TopUniversities.com

Logo - https://mma.prnewswire.com/media/1503776/2854098/QS_Logo.jpg

Click Here for More Information »

PIVOT BECAUSE LIFE DOESN’T ALWAYS GO AS PLANNED

New Book By Heather Dolland Tamam Shares Life Lessons Of Embracing Change And Navigating Uncertainty And Doubt

NEW YORK, Aug. 30, 2023 /PRNewswire-HISPANIC PR WIRE/ — Heather Dolland Taman, serial entrepreneur, author, speaker and life coach, announced the release of her groundbreaking new book, PIVOT BECAUSE LIFE DOESN’T ALWAYS GO AS PLANNED. The book is published by Doltam Creative Solutions www.doltam.com and is available for distribution through Ingram Spark https://www.ingramspark.com/.

The latest work from Heather Dolland Tamam is her first publication outside of the alcohol industry of which she has been a part for 14 years. Captured in a series of concise stories and experiences, the author shares her journey as a young woman from Grenada navigating her way through college then corporate life in New York. It’s an easy read that is an unfiltered account of the author’s life – both its challenges and triumphs. It’s a reminder that once we push forward and focus on getting up, the number of times we fall no longer matter. They are all opportunities to learn.

The paperback is available through retailers such as Amazon and Barnes & Noble. The audio version is available on Audible.

About Heather Dolland Tamam
Heather Dolland Tamam was born in Grenada and moved to New York in 1995 to study Architecture. In 2003 she began her career as an Environmental Consultant. In 2012 she started her first company All The Tastes of New York and released her first book, Discovering The New York Craft Spirits Boom in 2015. In 2017 she started her second company Tastes Brands to work with Craft Distillers. She released her second book, Before The Glass: Things To Consider When Entering The BoozeBusiness in 2018. In 2021 she began her career as a Content Creator and Lifestyle Model. She lives in New York City and enjoys coaching, consulting and speaking.

About Doltam Creative Solutions
Doltam Creative Solutions was founded by Heather Dolland Tamam to provide coaching, consulting, speaking and voice over services. As a business owner who has worked with companies in a range of industries, I offer a unique perspective to clients and brands. As a female voice over actor, my areas of specialty are corporate and commercial narration. I also do biographies, documentaries, video narration and e-learning. As a keynote speaker, I focus primarily on transition speaking, helping individuals find clarity in their life and career.

Click Here for More Information »

Remembering My Friend Harry Belafonte

By Dr. Monty Alexander

CARIBPR WIRE, Tues. May 23, 2023: On April 25, 2023, the world bid farewell to Harry Belafonte, a true icon of music, cinema, and activism. I not only mourn the loss of an extraordinary individual, but also a dear friend.

Growing up in Jamaica, my home, Harry played a significant role in my life. In 1956, his album “Jump Up Calypso” emerged, validating the heritage music of Jamaica. The delightful songs sung by Harry, such as “Banana Boat” and “Island in the Sun,” brought smiles to everyone’s faces.

Long before the rise of Bob Marley and the popularization of reggae, Harry was already putting Jamaica on the map with Calypso, or as we called it then, mento. He brought Caribbean rhythms and influences to the forefront of popular music, paving the way for generations of artists who followed in his footsteps.

Harry possessed both striking looks and a compelling voice. When he appeared in movies, his talent as an actor shone brilliantly. I recall watching him in the 1959 film “The World, The Flesh and The Devil,” and I distinctly remember my mother having a crush on him. In fact, Harry Belafonte was adored by many ladies of that era.

As I began my own journey in music, Harry became one of my influential figures. His attitude, grace, integrity, and warmth left a lasting impact on me. Our friendship flourished when I moved to the United States, as we shared a common Jamaican heritage. Despite being an American born in Harlem, his parents hailed from Jamaica, and he even attended high school there for a few years.

Harry always treated me with great kindness. Whenever he saw me, he would joyfully exclaim, “cousin!” Our bond grew stronger over time.

I also cherish the memory of Harry’s contributions to the civil rights movement in America. He leveraged his celebrity status and rallied his Hollywood friends, including Paul Newman, Tony Bennett, and his dear companion from The Bahamas, Sidney Poitier, to join Dr. Martin Luther King, Jr. in raising awareness for the cause before marching in Selma.

Harry’s activism extended beyond the borders of the United States. He utilized his fame and influence to shed light on human rights abuses in South Africa and other parts of the world. He embraced his platform as a performer to champion the issues closest to his heart, inspiring countless others to do the same. Harry Belafonte was not only an extraordinary entertainer but also an unwavering advocate for social justice and civil rights.

In recent years, I had the privilege of spending time with him on several occasions. Our last meeting occurred on December 16th, 2021, when Harry received the distinguished title of Chevalier of the Legion of Honor from the President of the Republic of France. I was honored to be among the select few non-family members present at the private ceremony held in his New York City home. Though time had passed, and Harry seemed quieter than usual, we shared a wonderful moment, exchanging smiles and embraces. During that special event, Mrs. Belafonte, Pamela Frank, took this lovely picture that I share with great honor and pride.

Losing him fills me with deep sadness. Harry, I will miss you and the tremendous difference you made as an activist for people of color and the less fortunate.

Harry’s legacy serves as a powerful reminder of the transformative power of music. His music brought joy and inspiration to millions around the world, while his activism fostered real and lasting change.

As we remember Harry, let us draw inspiration from his example and continue to utilize music and art as vehicles for promoting social justice and equality for all.

In closing, I would like to share a quote from Harry Belafonte that has always resonated with me: “The artist is the radical voice of society.” Let us all strive to be that radical voice, and to use our talents and platforms to make the world a better place.

Au Revoir Harry. God Bless, and Happy Journey Home.

EDITOR’S NOTE: Dr. Monty Alexander, C.D, is a Grammy-nominated, award-winning Jamaican-born, world renown musician who was recently awarded the Order of Jamaica (OJ) for sterling contribution to the promotion of Jamaican music and the Jazz genre interpretations globally. Hear his version of Harry Belafonte’s ‘Island In The Sun’ at youtube.com/watch?v=XSf96gDBMco

GET PHOTO FOR USE WITH THIS ARTICLE HERE

CAPTION: Dr. Monty Alexander, C.D., (l), with Harry Belafonte at his home in Manhattan, NY, in 2021. (Pamela Frank image)

Click Here for More Information »

Sashi Experience Returns After Two Decades with Expansion of a Caribbean Focused Streaming Platform

Sashi Launches a New Mobile App for Culture and Entertainment.

LOS ANGELES, March 28, 2023 /PRNewswire-HISPANIC PR WIRE/ – Sashi Entertainment, best known for the Sashi Experience, a world-renowned concert series and experiential festival, is expanding its brand portfolio with a new global streaming service called Sashi Entertainment Network (Sashi). The new mobile and OTT platform offers viewers a unique variety of premier Caribbean-focused content launching in over 176 countries including the U.S. Caribbean, Europe and Canada. At its core, the growing library features content from Caribbean filmmakers, creators, and artists as well as emerging talent. The catalog will also highlight the best moments in Caribbean culture with a variety of curated featured sections for movies, documentaries, music videos, lifestyle and travel.

Sashi Announces the Launch of New Mobile App.

Sashi Entertainment, Founder and music executive, Horatio Hamilton partnered with entrepreneur and brand architect, Lexi Chow.  Both Hamilton and Chow’s shared expertise will serve as dual Co-Founder and Co-CEO.  “The media industry is experiencing a transformation with deepening demands for a cultural connection. The growth of OTT networks and mobile apps have also increased demand for niche content and the need for a singular place for Caribbean-centric content.” – says Chow, Co-Founder.

Sashi is currently available on Apple devices including iPhone and iPad; Google platforms and devices including Android™, Chromecast and Chromecast built-in devices and releasing Android TV™ devices later this year. Sashi will offer a free tier subscription under the AVOD model and SVOD prices have not been revealed.

With an estimated 9.1 million Caribbean people living outside of their native country and a growing number of cultural enthusiasts worldwide, the platform is projected to have over 1.1 million subscribers by the end of 2024. Sashi’s curated catalog and original programming continues to grow with authentic content that will in turn fuel subscriber growth, viewership and retention. Sashi aims to keep the diaspora connected to the pulse of the Caribbean.

Reggae has always been at the helm of Caribbean culture globally and now we can bring a sense of identity across the diaspora. We want to provide a platform that magnifies the beauty, diversity, and inclusivity of our culture.” – says Hamilton, Co-Founder.

Sashi has also partnered with veteran filmmaker, director and writer, Cess Silvera (Shottas) for a slate of original content, including three projects that are currently in development. “Sashi is gearing up to revolutionize the entertainment and content space. Creatives like me will have an authentic voice and home where the narrative of our stories will be controlled by us and not some outside source. With several projects in the pipeline, I’m very excited for what the future holds for Sashi as a global player in media and entertainment.” – says, Cess Silvera, Filmmaker

For more information, please visit www.sashi.com and find Sashi on TwitterInstagram and Facebook.

ABOUT SASHI ENTERTAINMENT LLC

Sashi Entertainment LLC is a multi-media company with a portfolio of brands including Sashi Entertainment Network (Sashi), The Sashi Experience and the Caribbean Talent Agency.  Sashi Entertainment is a ecosystem of dynamic interconnected platforms across streaming, live events and international location-based entertainment.

ABOUT SASHI ENTERTAINMENT NETWORK

Sashi Entertainment Network (Sashi) is an OTT streaming service, a subsidiary of Sashi Entertainment LLC. Sashi is dedicated to championing Caribbean culture by entertaining, engaging, and empowering the Caribbean diaspora. The streaming services spans over 177 countries globally offering on demand content and live event streaming.

Photo - https://mma.prnewswire.com/media/2040559/Sashi_Entertainment_Mobile_App.jpg

Click Here for More Information »

LONGi introduces the new Hi-MO 6 series of photovoltaic modules to the Colombian market

MEDELLIN, Colombia, March 16, 2023 /PRNewswire-HISPANIC PR WIRE/ – On March 9, 2023, in Medellin, Colombia, the world’s leading solar technology manufacturer, LONGi, presented its new series of photovoltaic modules, Hi-MO 6.

The company gathered at the Dann Carlton Medellín Hotel its customers, strategic allies and associations around the Explorer module: classic, but with extraordinary novelties, which is the first product of the series to land in Colombia.

For LONGi, Colombia is a country with great growth potential in terms of sustainable energy development, committed to addressing climate change. This factor makes it extremely attractive to carry out projects that allow the optimal development of the region.

During the event, Santiago Cardenas, Head of DG Sales Mexico, Colombia & Caribbean highlighted that “LONGi remains an undisputed leader in the industry, driving its development through quality technical innovation. The Hi-MO 6 is another solid step towards promoting energy equity, where LONGi seeks to make clean energy equally accessible to all, and thus accelerate the transformation and energy development of the planet”.

About Hi-MO 6

Hi-MO 6 incorporates the new generation of high-efficiency solar cell technology HPBC (Hybrid Passivated Back Contact) that’s unique in its front-side busbar-free design, taking module aesthetics to a new level.

HPBC cell technology can considerably improve the cell’s light absorption and photoelectric conversion capabilities by adjusting the cell’s internal structure, and can thus effectively increase the module’s output power. Modules equipped with HPBC cell technology can generate a greater volume of energy under high-temperature and low-irradiation conditions and also have superior power degradation performance.

The Hi-MO 6 includes four series—Explorer, Scientist, Guardian, and Artist—all of which are in the standard M10 size (182mm).

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modulescommercial & industrial distributed solar solutionsgreen energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/en

Photo - https://mma.prnewswire.com/media/2034405/LONGi_introduces_the_new_Hi_MO_6_series_of_photovoltaic_modules_to_the_Colombian_market_1.jpg
Photo - https://mma.prnewswire.com/media/2034418/LONGi_introduces_the_new_Hi_MO_6_series_of_photovoltaic_modules_to_the_Colombian_market_2.jpg
Logo - https://mma.prnewswire.com/media/1862722/LONGi_new_Logo.jpg

Click Here for More Information »

CALLING UP-AND-COMING ARTISTS, ROYAL CARIBBEAN LAUNCHES ART PROGRAM TO DEBUT ON ICON OF THE SEAS

First Up in the “Artist Discovery Program” Will be a Spotlight on Local Caribbean Artists

MIAMI, March 10, 2023 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean International has launched a search for iconic artistry to bring the Caribbean spirit to life on the iconic canvas that is the world’s best family vacation, Icon of the Seas. In the new “Artist Discovery Program,“ up-and-coming artists from destinations the cruise line visits can vie to put their work on display for millions of vacationers who will set sail for years to come. The program’s purpose is to infuse every region’s spirit and culture into the curated art collections on board ships, in order to highlight and celebrate the very destinations and their people at the heart of Royal Caribbean’s memorable vacations. Beginning in the Caribbean, local artists can send their submissions starting today and through April 4 here.

Royal Caribbean International launches the new “Artist Discovery Program,” beginning with a Caribbean edition that will debut on Icon of the Seas in January 2024. Up-and-coming artists in the destinations the cruise line visits can vie to spotlight their region’s culture and people with the opportunity to put their work on display for millions of vacationers on board Royal Caribbean ships.

“The Artist Discovery Program is a project close to our hearts at Royal Caribbean International because the destinations we visit are family. And it’s only fitting that we begin our search for up-and-coming artists who are in the Caribbean; it’s where we got our start more than 50 years ago,” said Michael Bayley, president and CEO, Royal Caribbean International. “Vacationers want to immerse themselves in the places they visit. This is a way to spotlight the beauty of the local cultures and people in the places they see and enjoy every day on their cruise, beginning with large-scale canvases on a first-of-its-kind adventure – Icon of the Seas.”

The first group of budding artists, making up the Artist Discovery Program: Caribbean Edition, will be commissioned to paint nine large-scale murals in three highly visible locations: the Royal Promenade neighborhood, the heartbeat of the new ship; among the first sights guests see at Icon’s main entrance; and within the Suite Neighborhood. Each piece will invoke the vibrancy of the Caribbean, joining the collection on board that will include an array of pieces created by Caribbean artists or inspired by the region.

Every artist will receive a grant from the cruise line, ranging from $20,000 to more than $100,000, to see their vision through. Later this year, as artists in residence, the winners will work closely with the Newbuilding team behind Royal Caribbean’s renowned ships to bring their concepts to life in Turku, Finland, where Icon is under construction.

To vie for a spot in the first edition of Artist Discovery Program, artists must submit the following:

  • Five samples of conceptual work: The work must be original and may not currently be published or on display.
  • A brief artist statement that helps explain their work, inspiration and other details regarding the pieces submitted.
  • A copy of their resume.

Icon is the first-of-its-kind combination of the best of every vacation. From the beach retreat to the resort escape and the theme park adventure, the brand-new getaway delivers every kind of family and vacationers their version of the ultimate family adventure. In store is an all-encompassing lineup of firsts and next-level favorites across eight neighborhoods. Between the adrenaline-pumping thrills at the new Thrill Island neighborhood and unrivaled ways to chill at neighborhoods like the new Chill Island and the luxurious four-level Suite Neighborhood, adventurers bonding with their families or getting away with friends will have all the ways to stay and play their way.

The first Icon Class ship will sail year-round, 7-night Eastern and Western Caribbean vacations from Miami. Every cruise will visit Royal Caribbean’s top-rated private island destination, Perfect Day at CocoCay in The Bahamas, and a mix of destinations like Cozumel, Mexico; Philipsburg, St. Maarten; and Basseterre, St. Kitts. More details about Icon are available at www.RoyalCaribbean.com/Icon.

Future editions of the Artist Discovery Program will be announced at a future date. Additional information on the program can be found here.

About Royal Caribbean International
Royal Caribbean International, owned by Royal Caribbean Group (NYSE: RCL), has been delivering innovation at sea for more than 50 years. Each successive class of ships is an architectural marvel that features the latest technology and guest experiences for today’s adventurous traveler. The cruise line continues to revolutionize vacations with itineraries to 240 destinations in 61 countries on six continents, including Royal Caribbean’s private island destination in The Bahamas, Perfect Day at CocoCay, the first in the Perfect Day Island Collection. Royal Caribbean has also been voted “Best Cruise Line Overall” for 20 consecutive years in the Travel Weekly Readers Choice Awards.

Media can stay up to date by following @RoyalCaribPR on Twitter and visiting RoyalCaribbeanPressCenter.com. For additional information or to make reservations, vacationers can call their travel advisor; visit RoyalCaribbean.com; or call (800) ROYAL-CARIBBEAN.

Royal Caribbean International’s new Artist Discovery Program offers up-and-coming artists a chance to display their work to millions of vacationers. Beginning with the Caribbean destinations the cruise line visits and on the highly anticipated Icon of the Seas, local artists can vie to spotlight their cultures and people by applying online through April 4, 2023. Winners will create nine large-scale murals in three highly visible locations on board.
Royal Caribbean International’s new Artist Discovery Program offers up-and-coming artists a chance to display their work to millions of vacationers. Beginning with the Caribbean destinations the cruise line visits and on the highly anticipated Icon of the Seas, local artists can vie to spotlight their cultures and people by applying online through April 4, 2023. Winners will create nine large-scale murals in three highly visible locations on board.
Royal Caribbean International’s new Artist Discovery Program offers up-and-coming artists a chance to display their work to millions of vacationers. Beginning with the Caribbean destinations the cruise line visits and on the highly anticipated Icon of the Seas, local artists can vie to spotlight their cultures and people by applying online through April 4, 2023. Winners will create nine large-scale murals in three highly visible locations on board.

Photo - https://mma.prnewswire.com/media/2030687/Royal_Caribbean_Artist_Program.jpg
Photo - https://mma.prnewswire.com/media/2030684/Royal_Caribbean_Prom.jpg
Photo - https://mma.prnewswire.com/media/2030686/Royal_Caribbean_Grove.jpg
Logo - https://mma.prnewswire.com/media/405217/Royal_Caribbean_International_Logo.jpg
Photo - https://mma.prnewswire.com/media/2030685/Royal_Caribbean_deck.jpg

Click Here for More Information »

FROM CANE TO CUP – WORLD FIRST APPLETON ESTATE RUM BOUTIQUE OPENS AT JAMAICA’S SANGSTER INTERNATIONAL AIRPORT

MONTEGO BAY, Jamaica, March 8, 2023 /PRNewswire/ — Travelers flying from Jamaica’s busiest airport, Sangster International in Montego Bay, can now explore the world of APPLETON ESTATE Jamaica Rum in a new high-tech, premium boutique just opened in the airport’s main duty-free store.

FROM CANE TO CUP – WORLD FIRST APPLETON ESTATE RUM BOUTIQUE OPENS  AT JAMAICA’S SANGSTER INTERNATIONAL AIRPORT

A world-first for the rum brand, the shop in shop takes shoppers on a self-guided, cane-to-cup journey into the heart of what makes APPLETON ESTATE such a unique Caribbean rum, seamlessly blending physical, multisensorial and digital elements. Customers navigate their way through the boutique via a series of interactive touchpoints that express the legend, craft and personality of the island’s iconic rum.

The latest APPLETON ESTATE release, Ruby Anniversary Edition, takes pride of place in the new Sangster store. Produced to celebrate Master Blender Joy Spence’s 40 years with the distillery, APPLETON ESTATE Ruby Anniversary Edition is a rich, complex blend of five rare rums, each aged for a minimum of 35 years, carefully chosen from Appleton Estate’s stock of over 200,000 sleeping barrels.

The distinctive insignia of APPLETON ESTATE, formed of five national symbols of Jamaica, is the central feature of the store’s physical experience. It has been brought to life as a stunning modernist 3D copper sculpture in the centre of the store; a magnet for shoppers to help them learn more about the brand’s origin and terroir.

The insignia is the starting point for the shopper’s digital journey within the boutique. Travelers can scan the front label of any bottle with their mobile device to discover a detailed description about the rum they have chosen, including individual tasting notes and a cane-to-cup explanation of the distillery’s production process narrated by APPLETON ESTATE Master Blender, Joy Spence, herself.

Highlights at the new APPLETON ESTATE Sangster store include:

  • A vibrant tasting bar. Expert brand ambassadors show travelers how to make delicious APPLETON ESTATE cocktails and lead guided tastings of its award-winning rum family that includes APPLETON ESTATE Signature, APPLETON ESTATE 8 Year Old Reserve, APPLETON ESTATE 12 Year Old Rare Casks, APPLETON ESTATE 15 Year Old Black River Casks and APPLETON ESTATE 21 Year Old Nassau Valley Casks.
  • Home cocktail-making ideas Travelers can use the personalized digital insignia guide on their phone or tablet to discover key APPLETON ESTATE serves and classic cocktails to make at home.
  • Personalized gift shopping. The shop’s brand ambassadors can create a personalised digital message for the giftee which can be accessed via a QR-code-enabled neck hanger on the purchased bottle of Appleton Estate 15 Year Old or 21 Year Old.

“We are thrilled to open the APPLETON ESTATE experience at Montego Bay Airport, just 50 miles from where our incredible rums are lovingly crafted,” said Marco Cavagnera, Managing Director of Global Travel Retail at Campari Group. “It’s a perfect premium location to engage shoppers by showcasing every facet of APPLETON ESTATE its rich history, passion for natural ingredients, local provenance, the skill of our Master Blender Joy Spence and the versatility of the award-winning portfolio created under her guidance, ensuring there is an APPLETON ESTATE rum for any elevated occasion, from premium cocktail-making to sipping rums.”

A global leader in premium aged rum, APPLETON ESTATE Rum is located just 50 miles from Montego Bay in Jamaica’s lush Nassau Valley. Aged APPLETON ESTATE Rums carry a prominent minimum age statement and Jamaican GI rum classification which guarantees no additives, ageing solely in Jamaica, and the use of pure, filtered limestone water in the production process.

Photo - https://mma.prnewswire.com/media/2018620/Appleton_Estate.jpg

Click Here for More Information »

Bow Valley College Kitchen & Bath Design student wins top prize in prominent industry competition

Beatriz Hernandez takes first place in NKBA Student Design Competition

CaribPR WIRE, Calgary, Alberta, Canada, Jan. 24, 2023: Bow Valley College is proud to announce one of its recent graduates has been awarded first place in a prestigious design industry competition. Beatriz Hernandez’s recommendations for a kitchen remodel stood out amongst dozens of applicants in Canada and the United States, securing the top prize in the National Kitchen and Bath Association (NKBA) Student Design Competition.

“I couldn’t believe it. It is an honour to be recognized for something I’m passionate about and that I put a lot of passion into,” says Beatriz Hernandez. “I wanted to provide the clients with a beautiful and functional renovation that will work for them now and in the future. I put together a construction plan and design statement that offers a combination of meeting personal tastes and needs and timeless finishes that will add to the value of their home.”

Beatriz graduated from Bow Valley College in December 2022 with a Kitchen and Bath Design Post-Diploma Certificate. An international student from the Dominican Republic, she chose the program to supplement her degree in architecture, expanding her expertise in residential interior design. She gained practical experience with Krista Hermanson Design in Calgary, where she is now working full-time as a designer assistant.

“Beatriz’s award-winning achievement is an inspiration for all aspiring students in our program,” says Alison Anderson, dean of Business, Technology and the Centre for Entertainment Arts, Bow Valley College. “This post-diploma certificate is a great fit for people like Beatriz, looking for additional specialized credentials and an opportunity for experiential learning. We are thrilled to see her take top honours in this competition and look forward to her journey as an emerging professional in the design industry.”

The NKBA Prairie Provinces Chapter will honour Beatriz at a lecture at Bow Valley College on Thursday, January 26, 2023. Her award includes a $5,000 scholarship and an all-expenses paid trip to Las Vegas for the annual Kitchen and Bath Industry Show (KBIS), the largest trade show of its kind in the world.

Here is an excerpt from Beatriz Hernandez’s winning design statement:

“It’s about making the kitchen permeable and allowing the stunning views of the beach to penetrate the house; this indicates lots of natural light and big connectivity with the exterior. The renovation will adapt to the proportion of the house and the use of local materials, natural elements, and peaceful colours that will give a sensation far from chaos.” – Beatriz Hernandez

Bow Valley College is a founding school in NKBA’s Affiliated Schools Program. For more information about the Kitchen and Bath Design Post-Diploma Certificate, please visit bowvalleycollege.ca.

For details about the upcoming NKBA Bow Valley College lecture, interviews with Beatriz, and additional renderings of her winning design, please see contact information below.

-30-

About Bow Valley College

Calgary and region’s only Comprehensive Community College — with 14,000 full- and part-time students, Bow Valley College helps Open Doors – Open Minds to in-demand jobs in Calgary, Alberta, and Canada. Our graduates contribute to the digital economy, careers in business, TV & film production, and serve on the frontlines of healthcare and social services. One of Canada’s top 50 research colleges, Bow Valley College invests in virtual reality (VR), Work Integrated Learning (WIL), micro-credentials, and foundational opportunities.

Attachments

Click Here for More Information »

Saint Lucia updates its Citizenship by Investment regulations to remain competitive in the investment migration industry

CARIBPR WIRE, Castries, St. Lucia, Dec. 30, 2022: Saint Lucia has amended the regulations of its Citizenship by Investment Programme to remain increasingly competitive and ensure that the Caribbean country fulfils its mandate of growing demand for its investment products for the ultimate benefit of the people of Saint Lucia.

As one of the youngest Citizenship by Investment products in the market, Saint Lucia has made bold strides in offering an alternative investment option in the Caribbean’s most developed and diverse economies.

The country’s Citizenship by Investment Unit has taken a comprehensive review of its Citizenship by Investment offerings following approvals from the Citizenship by Investment Board and Honourable Deputy Prime Minister and Minister for Tourism, Investment, Creative Industries, Culture and Information, Ernest Hilaire. The below amendments to the existing regulations will take effect from 1 January 2023.

  • Developers applying for approved real estate under the Citizenship by Investment Programme or enterprise projects will now have to pay due diligence and background check fee of US$7,500.
  • The replacement fee for a lost or damaged certificate will increase from US$100 to US$500.
  • Investors who have been a citizen of Saint Lucia for 12 months or less that are looking to include a newborn dependent through the country’s National Economic Fund will now have to pay a fee of US$5000, this has increased from US$500.
  • There is also an introduction of a new Bond Offer for investors purchasing non-interest-bearing Government Bonds with the following qualifying investment sums:
Category of applicant Bond purchase sum Bond holding period
Applicant and all qualifying dependents of any number US$300,000 5-year holding bond
Administrative fee (regardless of the number of dependants) US$50,000

  • To qualify for second citizenship through the real estate option, investors will have to invest a minimum of US$200,000, a reduction from US$300,000.

Saint Lucia is emerging as one of the fastest-growing economies in the Caribbean region and the nation is well-known for offering various investment and business opportunities for people looking for options to plan their wealth and diversify their portfolios.

The country’s Citizenship by Investment Programme is a perfect choice as it offers ideal business opportunities to investors who do not want to be bound by border limitations.

The Caribbean country is recognized for providing a second home not just to investors but to their families too. The nation has been lauded for its advanced and modernized infrastructure. Saint Lucia has one of the most resilient, modernized education and healthcare systems in the region, which makes it ideal for investors and their families.

The Citizenship by Investment Programme of this Caribbean country attracts Foreign Direct Investment (FDI) for the nation which is used for advancing various projects such as the development of infrastructure, advancement of real estate, business expansion and job innovation.

The CBI Index 2022, published by PWM Magazine of Financial Times, reported that CBI is assuring the small island nation of Saint Lucia has become independent, developed and prosperous in the true sense. The report also recognized the programme for its “Ease of Processing” and “Due Diligence” Pillars. This year, Saint Lucia’s Citizenship by Investment Programme climbed a spot and gained the third position.

Saint Lucia’s Citizenship by Investment Unit makes sure that citizenship is given to credible applicants of good standing while their dependants over the age of sixteen are also subject to multi-layered due diligence checks, in order to qualify for alternative citizenship. Saint Lucia asks for detailed information from the applicants to understand the funding source of the investors who want citizenship.

On this due diligence aspect, Minister Ernest Hilaire recently addressed concerns and fears related to Saint Lucia’s CBI Programme. He gave assurance that the government of Saint Lucia and its CBI Unit perform a strict and rigid due diligence process. Hilaire explained that the due diligence process is a multi-layered procedure noting, “Due diligence is performed by our Unit on all applicants, this is then followed by another due diligence check by the banks. This is then followed by due diligence checks by international intelligence units who also do on-the-ground assessments.”

He also noted that the Government and Unit have been planning to review the country’s CBI programme, making it more attractive as well as competitive. Minister Hilaire announced that these updates would maintain the country’s rigorous but seamless vetting process.

While the programme is the newest in the region, launched in 2016, the Government has made sure to set the bar very high – the programme has been regarded as one of the most advanced, secure as well as transparent programmes.

Through the National Economic Fund, this prestigious programme has helped the nation to develop important public infrastructure. The funds from the programme have been directly contributing to advancing the standard of living of Saint Lucians.

Alternative citizenship in the Caribbean nation is emerging as a platform to alleviate and tackle the risk of uncertainty and unpredictability in future. There is no other better plan than investing in building a new home at a place which offers ample opportunities and, most importantly, peace out of the hustle and bustle of big cities.

Click Here for More Information »

St Kitts and Nevis introduces raft of changes to its Citizenship by Investment Programme, benefits both locals and an intelligent investor

CARIBPR WIRE, London, England, Tues. Dec. 27, 2022: The much-anticipated changes to St Kitts and Nevis’ Citizenship by Investment Programme have been announced today by the country’s recently appointed Citizenship by Investment Unit Head, Michael Martin. Setting a bold and new tone for the industry as a whole, St Kitts and Nevis is once again leading the way for the investment immigration industry – adding a new layer of integrity to truly accelerate the country’s economic diversification, empower and prosper local citizens while creating an enriching base for intelligent investors.

“Today, our progressive government brings to fruition these much-awaited and very important changes to our much-loved Citizenship by Investment Programme. Today marks a new era for the investment immigration industry as we boldly declare that a clear strategy will drive our Citizenship by Investment Programme with the sole purpose of benefiting our people and investors who want to see our nation flourish.”

“Today these changes show the international community that we place honesty and integrity above all else as we look to deliver a product that will bring us a positive reputation and send a clear message that we are open for business,” said Michael Martin.

Watch the full video announcement here.

The changes have been gazetted on 23 December 2022 and will take effect on 1 January 2023.

Since his election in August, the Prime Minister of St Kitts and Nevis, Dr Terrance Drew, has hinted at upcoming changes to the country’s Citizenship by Investment programme – reiterating multiple times that the revamped programme needs to be mutually beneficial to both Kittians and Nevisians and international investors.

The Prime Minister said at a recent event “While we navigate the complexities of managing a small island developing state in this unpredictable and highly globalized world, we have made it a priority to craft a solution to ensure that the evolution of our citizenship programme will be a sustainable model filled with integrity, transparency and accountability.”

The Programme will be underpinned by three fundamental principles that have guided the administration’s decision making with respect to the evolved version of the twin-island’s Citizenship by Investment Programme – sustainability, good governance and pragmatism.

“We have crafted a sustainable model that will continue to be the envy of the international community by injecting high levels of integrity that will come through administrative improvements. We have also structured our programme to allow for greater transparency and accountability, which make the hallmarks of a good governance framework that solidifies the foundation of any successful endeavour. Lastly, we have tailored our investment options to align with market realities while preserving the platinum brand our proud nation has developed and nurtured for four decades, operating the oldest Citizenship by Investment Programme in the world,” added the Prime Minister.

To achieve this, the most notable change to the programme will be the introduction of a Board of Governors and a Technical Committee.

Effective next year, a professional Citizenship by Investment Board of Governors will be responsible for high level supervisory matters such as providing general oversight of the operations the CBI Unit, developing and implementing policies and procedures for the CBI Unit, ensuring that application processing is completed as swiftly as possible within the time frames advertised without comprising the integrity of the programme and, continuously monitoring the global investor immigration industry to ensure that the country’s Citizenship by Investment regulations align with and adjust to, international market forces.

To further the Programme’s good governance agenda, a Citizenship by Investment Technical Committee will be charged with ensuring that all due diligence background checks are comprehensive and that all citizenship by investment applications are reviewed thoroughly. This committee will also be tasked with making recommendations to the Prime Minister in his capacity as Minister of National Security, Immigration and Citizenship.

The Technical Committee will be comprised of a chairperson, this role will be filled by the recently appointed Head of the CBI Unit, Michael Martin; a senior officer and a secretary – who will be a civil servant assigned by the Prime Minister.

Applicants can gain second citizenship in 60 days, but only for a limited time

St Kitts and Nevis is offering applicants a chance to gain second citizenship in as little as 60 days through its Sustainable Growth Fund – the revenue from the fund is aimed to facilitate economic development and social upliftment in the country. The Sustainable Growth Fund will be used to provide financial support to educational institutions, medical facilities, as well as provide additional funding for the construction of infrastructure, the development of local tourism, the preservation of local culture and heritage and support of sustainable growth initiatives in the twin-island nation.

The Sustainable Growth Fund remains the quickest and easiest route to second citizenship in St Kitts and Nevis and from 1 January to 30 June 2023, for a Limited Time Offer, a main applicant, following stringent background checks, can make a minimum investment of US$125,000 to the Fund and receive approval in principle within 60 days of submission of application.

Under the Limited Time Offer, investment options are as follows:

  • Single applicant – US$ 125,000
  • Main applicant and a spouse – US$150,000
  • Main applicant, spouse and two dependants – US$170,000
  • Each additional dependant under 18 – US$10,000
  • Each additional dependant over 18 – US$25,000

From 1 July 2023 onwards, applicants investing through the Sustainable Growth Fund will be charged as follows and can expect approval in principle within 90 days of submission of application.

  • Main applicant – US$150,000
  • Main applicant and a spouse – US$175,000
  • Main applicant, spouse and two dependants – US$195,000
  • Each additional dependant under 18 – US$10,000
  • Each additional dependant over 18 – US$25,000

These changes are part of the government’s tireless efforts to create conditions necessary for sustainable economic growth and diverse business opportunities.

“This is an exciting time because these policies will continue our progressive course in the global investor immigration industry and cement St Kitts and Nevis’ place as a leader in the Citizenship by Investment space. As we move toward a brand-new diversified economy, we remain committed to investing in tangible projects to uplift the country to achieve our goal of establishing a sustainable island state,” continued the Prime Minister.

It is important to note that these additional layers are not meant to hinder the application process but rather ensure multiple aspects including keeping processing to agreed timelines, all approved applicants are of the highest repute and most importantly, that projects meet the requirement of benefitting the local economy.

Another change is that the sustainable model of the Citizenship by Investment programme will now involve the implementation of an improved multi-faceted approved real estate application process, the removal of loopholes and the strict enforcement of escrow and project milestone requirements.

The evolved St Kitts and Nevis Citizenship by Investment Programme will invite bold and creative investors to facilitate the development of innovative industries in St Kitts and Nevis including construction of real estate developments pursuant to the new administration’s priority infrastructure list. “All projects must bring substantial benefit to the people of St Kitts and Nevis,” noted the Prime Minister.

The government will approve real estate projects to be developed and of these, a designated number of real estate units will be available to be sold to qualifying investors. Real estate projects will be constructed and completed according to a pre-defined schedule and a designated escrow drawdown process will also be implemented.

Only approved real estate developments will be eligible for the Citizenship by Investment option and most importantly, current “Approved Projects” will lose this designation once the new Citizenship by Investment regulations have been gazetted and approved, meaning stakeholders of these projects will need to apply afresh to become an “Approved Development”.

Minimum investment for approved real estate will remain at US$200,000 but there will be an introduction of penalties for the circumvention of minimum investment sums including:

  • Fines of up to US$200,000 on summary conviction
  • Revocation/suspension of Approved Development status
  • Removal of Authorised Agent licence
  • Blacklisting on the Citizenship by Investment website as a person or entity not authorised to submit a Citizenship b Investment application

A new Public Good Investment Option (PGIO) will replace the Alternative Investment Option (AIO) and will focus on effecting real transformation for the country by investing into areas that will benefit the citizens of St Kitts and Nevis – these projects must maximise local employment, transfer technological skills and increase capacity building. Investors of the PGIO must assume all financial risks associated with the projects and, if the investment results in the development of real estate on State land, investors must agree to transfer all real estate to the State on substantial completion. Investors looking to contribute to the PGIO will be required to apply to the Board of Governors to be designated as a Public Good Investor. To qualify under the PGIO, an applicant must contribute US$175,000, excluding relevant due diligence, processing and Government fees.

Investors can also apply for citizenship through the purchase of a qualified private home, for a minimum investment of US$400 000.00 for each main applicant. Unlike the preapproved real estate option, investing through a private home means a single-family home is sold as one unit and cannot be converted into apartments, condominiums or divided otherwise. The use of shares is also prohibited.

A private home that has been purchased through the Citizenship by Investment Programme cannot be sold for a period of five years after the granting of the citizenship and the property may never be eligible for use in a subsequent Citizenship by Investment application.

Having established the citizenship by investment industry 40 years ago, the progressive government of St Kitts and Nevis believes that these changes to its programme will once again set a much-needed positive tone and direction in the investor immigration industry.

St Kitts and Nevis has created a name for itself as a financial nexus with an attractive citizenship programme underpinned by a sound legal framework and robust multi-layered due diligence.

For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry.

Watch the full video announcement here.

Click Here for More Information »

Michael Martin appointed as new CEO of St Kitts and Nevis Citizenship by Investment Unit

CARIBPR WIRE, Basseterre, St. Kitts, Dec. 14, 2022: Michael Martin has been appointed to take the helm at St Kitts and Nevis’ Citizenship by Investment Unit and lead the evolution of the country’s investment migration programme.

The twin-island nation is on a drive to enhance its Citizenship by Investment Programme, so it continues to be the benchmark of the global investor immigration industry.

The Prime Minister welcomed Martin at an event at the Citizenship by Investment Unit and expressed his excitement as Martin’s appointment, which comes at a time when the country is evolving its Citizenship by Investment Programme so that it not only attracts intelligent investors but benefits local citizens as well.

The Prime Minister also expressed his confidence in Martin who has been described as the perfect candidate to help the nation realise its goal of providing a programme that will uplift the Kittitian and Nevisian society through beneficial investment options that bring tangible value, while also offering an enriching base to international investors.

At the briefing, the new Head of the Citizenship by Investment Unit thanked the Prime Minister for trusting him with “this very important assignment” and expressed his excitement about taking on the new task.

Martin also stated that a situational analysis would be conducted to assess the status of the Unit and determine the best way forward to “maximize efficiency and effectiveness”.

“This is an operation that is very important to the development of the country, and to the people of the country. We will have to rebrand and refocus the programme, define our strategic goals, and create some new investment options that would be aligned to those strategic goals. ”

The Citizenship by Investment Programme is expected to undergo a complete evolution. Martin spoke of the strategic plans he has in store for the Unit and reiterated that the focus is on advancing the country. “We will be looking at emerging markets and redefining our target client. There must be some exclusivity to it,” he added.

St Kitts and Nevis welcomed a new administration in August that is working tirelessly to revamp the country’s citizenship by investment programme. Now, in the third iteration of its evolution, after four decades of erudition and development, St Kitts and Nevis administration is using creativity and boldness to ensure that the programme transcends to the modern age; and that the security infrastructure is enhanced and strengthened.

A local Kittian, Martin has strong financial acumen and brings a wealth of experience in strategic planning and compliance. He is touted as being the man to bring greater stability to the CBI Unit which will now have more legislative and administrative oversight.

Martin’s past experience as a service provider in the investment migration industry and his local roots make him the right candidate to understand what our external stakeholders require from us as well as knowing how we can use this programme to uplift our people.

Martin will lead a team of efficient and focused experts who will ensure that the programme increases processing efficiency and accuracy while also maintaining strong due diligence processes so that only investors of the highest calibre are accepted.

St Kitts and Nevis’ Citizenship by Investment Programme will be underpinned by three fundamental principles including sustainability, good governance and pragmatism.

The enhanced Citizenship by Investment Programme has been crafted under a sustainable model that will ensure that St Kitts and Nevis continues to be the envy of the international community by injecting high levels of integrity and administrative improvements.

The Programme is to be structured to allow for greater transparency and accountability, which make the hallmarks of a good governance framework that solidifies the foundation of any successful Citizenship by Investment Programme.

Investment options are to be tailored to align with market realities while preserving the platinum brand St Kitts and Nevis has developed and nurtured for four decades, operating the oldest Citizenship by Investment programme in the world.

Martin has served in top management positions in several companies, including the National Caribbean Insurance Company, National Bank Trust Company, and Sagicor Life Inc. He was previously a director of the Insurance Association of the Caribbean, Honorary Secretary of the Brimstone Hill Fortress National Park Society Council of Management, and director for First Federal Cooperative Credit Union.

He holds a graduate diploma from the International Compliance Association and Manchester Business School, a certificate in International Trust Management from the Society of Trust and Estate Practitioners and a certificate in Managing Financial Services from the University of the West Indies.

St Kitts and Nevis Citizenship by Investment programme was founded in 1984 and remains one of the most sought-after programmes of its kind in the world. The programme continues to be one of the most awarded, having taken the top spot in the CBI Index, a comprehensive ranking system that evaluates operational citizenship by investment programmes around the world.

St Kitts and Nevis programme continues to be underpinned by a strong multi-layered due diligence process in partnership with top due diligence firms from the United Kingdom and the United States.

Click Here for More Information »

Head of Saint Lucia Citizenship by Investment Unit, Mc Claude Emmanuel, woos investors at Private Wealth Forum in Florida

CARIBPR Wire, Castries, Saint Lucia, Dec. 08, 2022: The head of Saint Lucia’s Citizenship by Investment Unit, Mc Claude Emmanuel, was in the United States of America recently for the 7th Annual Private Wealth Florida Forum.

The invitation-only event is attended by private wealth and institutional investors, including wealth managers, corporate pensions, public pensions, insurance funds, endowments, foundations, sovereign wealth funds, health care organizations and private bankers. The event aims to bring together the investment management community for peer driven thought leadership experiences that provide a platform for education, business development and networking.

Emmanuel was speaking to wealth managers on why Saint Lucia should form part of their basket of offshore investment options.

As one of the youngest citizenship by investment offerings on the market, Saint Lucia certainly competes with the best in terms of what it has to offer investors.

There are currently four main ways investors can gain a coveted Saint Lucia citizenship, with the main one being through the National Economic Fund. This Fund was established to drive foreign direct investment to nation building projects such as increasing and improving infrastructure in country. Through this Fund, highways, bridges, schools and hospitals have been upgraded and built.

For a minimum investment of US$100 000.00 for a single applicant, US investors can become part of the Caribbeans biggest success stories.

“Saint Lucia has a strong economy and our currency, the Eastern Caribbean Dollar, is pegged against the United States Dollar – at a rate of US$1.00 being the equivalent of EC$2.70 – and has been so for the last 70 years,” stated Emmanuel.

According to Moody’s Analytics, the island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries. Tourism is Saint Lucia’s main source of jobs and income – accounting for 65 percent of GDP – and the island’s main source of foreign exchange earnings. The manufacturing sector is the most diverse in the Eastern Caribbean area.

In this context, the Eastern Caribbean nation of Saint Lucia has emerged as a new favourite for investors. This is due to its growing economy, stable business environment and tax regime which supports the growth and development of its businesses, investors, and citizens.

“We have a strong tourism product, being rated the number one honeymoon destination in world for the last 10 years. Saint Lucia is also home to major hospitality brands like Hilton and Marriott and our shores attract over one million tourists from the USA, Canada and Europe every year,” added Emmanuel.

Saint Lucia’s colourful heritage is ingrained in the culture of the island and celebrated by locals and visitors alike. With a history spanning hundreds of years and including stories of pirates, colonies, and battles, it’s enough to pique anyone’s interest.

Each part of the island has distinct features to be experienced and enjoyed. The island’s volcanic origin is the reason for its lush vegetation, soothing mud pools and iconic Sulphur Springs.

When asked why Saint Lucia should be favourable to asset managers and applicants, Emmanuel responded that country has a favourable tax regime, stable economy and its policies make it easy for entrepreneurs to do business, not to mention the favourable Caribbean weather conditions.

Saint Lucia is also very well-connected to the rest of the world with international flights to the United States, Canada, and Europe. The low cost of living coupled with the high quality of life makes it the ideal place to live. The Caribbean way of life has a universal appeal that simply cannot be matched.

“During the Covid-19 pandemic, we had a surge of applications from north Americans who want to be able to work from anywhere – we commonly see people with their laptops on the beach, in hotel lobbies and villas – that’s one of the strong selling points for US citizens looking to invest in Saint Lucia.”

Those looking to get away from the pressures and humdrum of city life will be well suited to invest in the country.

The country also has a favourable tax regime, American investors do not need to pay inheritance tax, worldwide income tax, or capital gains tax – making it an ideal destination for wealth planning.

Looking at which nationalities have favoured getting second citizenship from Saint Lucia, Emmanuel said “In terms of applicants, China continues to be number one and as of 2021, US applicants have taken the second spot – particularly applicants from the states of New York, Philadelphia, Florida and a small number from Las Vegas. In Canada, a lot of applicants come from Toronto.”

Emmanuel also added that the two major reasons for Americans looking to gain second citizenship from Saint Lucia are safety and tax planning.

“Many US citizens are looking for safety. Americans travel extensively and their passport can be seen as a target due to ongoing geopolitical conflict, especially in regions like the Middle East and Eastern Europe. What they do when travelling to these regions is use our passport and keep their American passport in their back pocket. The second major reason for investing in our citizenship by investment programme is to tap into our favourable tax system, which continues to be a drawcard. Saint Lucia offers a lot of offshore financial solutions.”

Click Here for More Information »

St Kitts and Nevis upgrades its citizenship by investment programme to boost its hospitality industry

CARIBPR WIRE, Basseterre, St. Kitts, Dec. 07, 2022: Saint Kitts and Nevis is boosting its local hospitality and tourism sector with investments received through its citizenship by investment programme.

This is according to the recently elected Prime Minister of the twin-island federation who concluded a four-day visit to Dubai, from 29 November to 3 December 2022.

Prime Minister Terrance Drew was in the state to engage with important stakeholders including high-level government officials, international investors, government-approved agents and promoters, who play a vital role in promoting and supporting the country’s recently upgraded citizenship by investment programme.

With the country’s citizenship by investment programme undergoing a facelift, Prime Minister Drew said the changes to the programme were not just superficial but would ensure that the programme achieved what it was designed for – strengthening St Kitts and Nevis’ economy.

Traditionally, the economy of the two-island state has depended on the growing and processing of sugar cane, but the impact of decreasing world prices on this commodity over the last few decades has moved the government’s attention to tourism, export-oriented manufacturing, and offshore banking.

Tourism is the mainstay of St Kitts and Nevis’ economy, with the United States, Canada and Trinidad and Tobago being some of its trop trade partners. The travel and tourism sector accounted for one-tenth of the gross domestic product (GPD) in St Kitts and Nevis in 2021 and it is estimated that roughly 200,000 tourists visited the islands in 2009.

With a revamped citizenship by investment programme that will be underpinned by better legislative and administrative oversight, Prime Minister Drew said he was confident that the programme would have even more impact on the country’s tourism sector.

The new cabinet aims to ensure that the destination continues to make strides towards the full resumption of tourism activity, including the return of airlift and cruise ship arrivals, with the ultimate goal of improving the quality of life of the people of the Federation.

St Kitts and Nevis is committed to enhancing its tourism presence and strengthening the economic impact of the tourism sector.

Recently during November this year, Wonder of the Seas, the world’s largest cruise ship, made its inaugural call to Port Zante in St Kitts and Nevis.  The ship from the Royal Caribbean Group brought along nearly 6,500 guests and over 2,000 crew members.  This cruise call has also been the fifth inaugural cruise call to St Kitts and Nevis since October 2022.

This year, on November 26, a superyacht named Evrima made its inaugural visit to the island sporting the finest amenities and affluent guests. Evrima accommodates 298 guests and is the first of the yachts to be introduced for the new Ritz-Carlton Yacht Collection line. This event maintained St Kitts and Nevis’ reputation as an exclusive destination.

According to the CIA World Factbook, tourists, mainly Americans, come to the island via cruise ships via Port Zante in Basseterre, air travel via Robert L Bradshaw International Airport, and the private airport and private dock for private yachts. St Kitts and Nevis is also home to Brimstone Hill Fortress, a UNESCO world heritage site.

The country’s citizenship by investment programme has been instrumental in bringing globally renowned brands such as the Park Hyatt Hotel that has recently been launched in Christophe Harbour in Banana Bay. The country will be looking to use its revamped citizenship by investment programme to develop its hospitality sector further which is a major drawcard not just for tourists, but investors looking for legitimate offshore real estate products to buy into.

Part of the change process has seen consultations with various stakeholders in the St Kitts and Nevis CBI unit who will closely now monitor and ensure that real estate projects funded by the CBI programme are completed.  To this end, the government is also seeking out reliable and trustworthy developers who are ready to put capital behind creative and strong projects that will further enhance St Kitts and Nevis citizenship by investment offering.

St Kitts and Nevis citizenship by investment programme stands as the oldest and one of the most trusted programmes of its kind. Since 1984, it has allowed investors and their families to legally obtain citizenship of one of the Caribbean’s most idyllic locations.

St Kitts and Nevis’ citizenship by investment programme has been pivotal in developing other important sectors such as healthcare, business, and education in the nation. With the help of the tourism industry and the citizenship by investment programme, the country has witnessed socio-economic development at a significant pace. Funds generated by the citizenship by investment programme will continue to aid the country in paving the path of development efficiently. Spending on infrastructure has made the country unrecognisable from only 20 years ago – for example there is a thriving cruise ship port complex, and new roads have been built to take pressure off traffic in Basseterre.

Prime Minister Drew was accompanied by a delegation including Marsha Henderson, Minister of Tourism, Attorney-General, Garth Wilkin; Cabinet Secretary Dr Marcus Natta; Sylvester Anthony and Veira Galloway.

Click Here for More Information »

St Kitts and Nevis Prime Minister charts new trajectory for twin-island nation at an exclusive event in Dubai

CARIBPR WIRE, Dubai, Dec. 02, 2022: The Prime Minister of St Kitts and Nevis, Dr. Terrance Drew, set the tone for the direction his country will be taking at a recent exclusive invite-only event in Dubai.

The event was one of many engagements undertaken by the Prime Minister and his delegation which included the country’s tourism minister Marsha Henderson, Attorney-General Garth Wilkin and cabinet secretaries, Dr. Marcus Natta, Sylvester Anthony and Veira Galloway.

The new administration has been leading the country since August this year following a snap election and have set bold ambitions for the twin-island federation to become a premium business hub in the Caribbean that caters to intelligent and discerning investors.

Set against the backdrop of one of the world’s most notable success stories, Prime Minister Terrance Drew’s first visit to Dubai, signalled his intention to drive economic growth that will make the country a notable contender on the global stage.

Much of this growth will be financed by St Kitts and Nevis’ citizenship by investment programme – the oldest programme of its kind in the world.

Speaking at the event, Prime Minister Drew said, “Since Dubai is such an important financial hub and is swiftly becoming an epicentre for the global citizen, it is fitting that I am here this evening to discuss the attributes of my special nation, and more particularly our renowned citizenship by investment programme that stands apart from others.”

“In this ever-changing and unpredictable world, it is imperative that the government of St Kitts and Nevis and its citizenship by investment programme continue to adapt to the needs of our people and to attract the right kind of international investment necessary to uplift our country.”

For nearly 40 years, the citizenship by investment programme of St Kitts and Nevis has had a remarkable impact on the country, generating funds that have built and upgraded hospitals, schools, roads and diversified the economy from one mainly rooted in agriculture and tourism to a fledgling manufacturing and finance-centered one.

Dubai has emerged as one of the world’s most favourite economic destination for investors, consumers as well as job seekers and tourists. The resource deficient nation has galloped from a primitive social milieu and pre-industrial economic structure to reach what many have called the pinnacle of success.

Dubai derives just 6% of its GDP from oil and gas yet it has grown its economy’s size, start­ing around the year 2000, displaying annual monetary de­velopment rates higher than even China or the Asian tiger economies.

These are some of the insights the St Kitts and Nevis delegation sought to glean from the visit. This year, St Kitts and Nevis’ gross domestic product (GDP) grew by 13.39% compared to last year.

The economy of St Kitts and Nevis was traditionally depended on the growing and processing of sugar cane but decreasing world prices have hurt the industry in recent years. Tourism, export-oriented manufacturing, and offshore banking activity have assumed larger roles in the country.

The citizenship by investment programme has been a way for the government to hedge against and revitalize the faltering sugar sector while also bolstering revenue collection to better fund social programs.

With the current global environment asking more of governments around the world, the Drew administration has realized that to meet the needs of both locals and investors it needed to upgrade the programme which has been a financial pillar for the nation.

“The vision to use economic citizenship to attract international investment was innovative in 1984. The citizenship by investment programme’s first major evolution 27 years later in 2011 was bold and creative. Now, in the third iteration of its evolution, in 2022, after four decades of erudition and development, we must use that same creativity and boldness to ensure that the programme transcends to the modern age; and the security infrastructure is enhanced and strengthened.

“We need to ensure that our treasured citizenship by investment programme is mutually beneficial for all stakeholders, from the people of St Kitts and Nevis, the investors themselves, to the developers, to the local service providers and the international marketing agents.

“While we have always been the benchmark of the global investor immigration industry, we understand that in order to remain as one of the most sought-after economic citizenship programmes in the world, we need to continue to evolve and forge a path for ourselves that is sustainable in the long term,” added Prime Minister Drew.

The Prime Minister has been laser focused and hard at work since taking the helm and has had numerous consultations with stakeholders including local communities, developers, government officials, businesses and investors to understand where the programme was lacking and where updates needed to be made to ensure that the programme continues to meet the needs of an intelligent investment minded person looking for an enriching base for their families and businesses while also, more importantly, uplifting the Kittitian and Nevisian society through beneficial investment options that bring tangible value.

Prime Minister Drew also reassured guests at the event, which included high-level government officials, global investors, government approved agents and promoters, that stakeholders need not be apprehensive of the upcoming changes and that the programme would be guided by three fundamental principles: Sustainability, good governance and pragmatism.

The government has crafted a sustainable model that will continue to be the envy of the international community by injecting high levels of integrity. The programme has also been structured in such a way that it will allow for greater transparency and accountability, the hallmarks of the good governance framework that solidifies the foundation of any successful endeavour. And lastly, the government has tailored investment options to align with market realities while preserving the platinum brand that St Kitts and Nevis has nurtured for four decades.

Bold and innovative strides have been made to strengthen the legislative and administrative structures of the programme and to ensure that real estate projects funded by the programme are completed – “To this end, let it be known worldwide, that St Kitts and Nevis is seeking well respected and serious investors who see the potential of our nation and who are prepared to put capital behind innovative projects, investments and industries that will enhance our palatability to global immigration investors.”

Exact changes and information around the programme will be communicated in 2023.

The visit shows the world that St Kitts and Nevis is open for business and the Prime Minister has identified and discussed new areas of collaboration in advancing economic recovery, stability and reaffirming the solid foundation between St Kitts and Nevis and Dubai.

Click Here for More Information »

Prime Minister Hon. Dr Terrance Drew’s Working Visit to Dubai Tells the World St. Kitts and Nevis is Open for Business

CARIBPR WIRE, Basseterre, St. Kitts, Dec. 01, 2022: Prime Minister of St. Kitts and Nevis, the Honorable Dr. Terrance Drew, will conduct his first working visit to Dubai in the United Arab Emirates from Tuesday 29th November 2022 to Saturday 3rd December 2022.

The Prime Minister will be accompanied by the Minister of Tourism, Hon. Marsha Henderson; the Attorney-General, Hon. Garth Wilkin; the Cabinet Secretary, Dr. Marcus Natta; Mr. Sylvester Anthony and Ms. Veira Galloway.

The visit provides an opportunity for St Kitts and Nevis to show the world that it is open for business and is ready to attract investors who seek mutually beneficial partnerships with the nation.

The Prime Minister will identify new areas of collaboration in advancing economic recovery and stability and reaffirming the solid foundation between the two countries.

The Embassy of St Kitts and Nevis will host an exclusive cocktail event on Thursday, 1st December 2022 for investors, citizens, and business partners to meet the Prime Minister and his delegation.

Dubai has successfully positioned itself as a world-class financial hub. The multicultural city has two-thirds of the world’s population within reach on flights of eight hours or less, allowing it to serve as a nexus for the East and West, along with being in the heart of the Africa-Middle East-Asia triangle.

Dubai’s rapid growth, strategic location, and favourable business culture have led it to gain the reputation of being the world’s most sought-after business hub.

The Prime Minister’s visit comes at a time when the economies of many countries are affected by the lingering impact of the COVID-19 pandemic and by the consequences of the Ukraine-Russia conflict.

The visit is also aimed at deepening relationships with important stakeholders including international investors and government-approved agents, who play a vital role in promoting and supporting the country’s recently upgraded Citizenship by Investment (CBI) programme.

Since assuming office in August 2022, Prime Minister Hon. Dr. Terrance Drew has been working tirelessly to find and implement solutions that will prosper St Kitts and Nevis. The government is taking measures to sustain and enhance the image of the twin-island Federation’s CBI programme by ensuring that it is more transparent and follows the principles of integrity and good governance.

St Kitts and Nevis hold the oldest citizenship by investment programme in the world, which has been vital in assisting the country in funding important economic and social projects, but it has come under scrutiny over the last few years.

The Citizenship by Investment programme is one way to direct foreign direct investment to innovative projects across the spheres of education, health, agriculture, and tourism.

Click Here for More Information »

Caribbean Born Entrepreneur Lands In The Quarter Finals Of The 2022 FabOver40 Competition

CARIBPR WIRE, NEW YORK, NY, Mon. Nov. 21, 2022: Caribbean immigrant entrepreneur and Florida resident, Felicia J. Persaud, is now a quarter finalist in the 2022 FabOver40 competition.

The Guyana-born founder of ICN, which owns the brands, CaribPR Wire, News Americas, Hard Beat Communications and Invest Caribbean, is now in the run for the semi-finals of the contest which focuses on women over 40.

Voting for the semi-final round begins today, Mon. Nov. 21st at 10 AM PST and the semi-finalists will be announced on Dec. 1st.

Vote to keep Felicia in the contest now at https://votefab40.com/2022/felicia-persaud and make her this year’s winner.

The top competitors from each Quarter-finals group will be divided into Semi-finals groups. Votes will be reset, and public voting will determine the top Semifinalist from each group who will then advance to the Finals. Finals begin December 9th and end December 15th. Votes will be reset, and public voting will determine which Finalist will be the winner of the 2022 Fab Over 40 Competition and the “Grand Prize Winner” on December 15, 2022.

Persaud says she is incredibly grateful for all those who have voted for her this far and look forward to their support now, which is critical to helping her stay in and win the contest for all of the Caribbean and Guyana.

Asked how she stays FabOver40, Persaud said she “works out, eats clean and is on a path of mindfulness and positivity. Her advice to her younger self? “Focus more on loving you and less on looking for love in all the wrong places.”

The winner of this year’s FabOver40 competition will receive a 2-page feature in NewBeauty Magazine, an unforgettable spa-cation in Scottsdale, Arizona, and $40,000.

Persaud says should she win, she will use some of the winnings to name a scholarship in honor of late friend and colleague, News Americas Now photographer Hayden Roger Celestin, who passed away after a stroke on Dec. 14, 2019.

EDITOR’S NOTE: See image for use with this story HERE

Click Here for More Information »

St Kitts and Nevis and Canada continue to implement initiatives that solidify the bilateral relationship

CARIBPR WIRE, Basseterre, St. Kitts, Mon. Nov. 21, 2022: The twin federation of St Kitts and Nevis has had a long and fruitful relationship with Canada and the two nations continue to develop initiatives that strengthen relations.

From 5 to 7 December 2022 the government of Canada will provide biometric processing of visa applications in St Kitts and Nevis. This comes as positive news as nationals of St Kitts and Nevis are normally required to travel abroad to centers in Barbados, Saint Lucia, St. Vincent, and the Grenadines, or even Trinidad and Tobago, to have their biometric information collected for Canadian visa applications.

The processing will be conducted by Canadian officials and this special arrangement is aimed at visa applicants that fall within one of the following categories:

  1. St Kitts and Nevis nationals who anticipate travel to Canada;
  2. Persons who have already applied online or by mail for a visa, work or study permit or for
    permanent residence for Canada and have received their Biometric Instruction Letter; and
  3. Nationals of other countries residing in St Kitts and Nevis are also required to provide their biometric information for planned travel to Canada.

When applying for a Canadian visa, whether for visitation, work, study, or for residence purposes, nationals of St Kitts and Nevis, as well as nationals from other countries, must provide biometric information such as fingerprints and an identity photograph.

Visa applicants are encouraged to complete an online visa application as soon as possible, in order to take advantage of this December opportunity. This could be of benefit to applicants planning to travel for educational purposes, business, tourism, family reunifications, and more.

Monday, November 28, 2022, is the last day to schedule an appointment for the available period in December. Appointment requests that are received after this date will not be accommodated unless appointments that have already been made are cancelled and a booking space becomes available.

Visa applicants must have a scheduled appointment and must bring along the required Biometrics Instruction Letter to their appointment. Officials will not collect applications or biometric information from applicants who have not received this letter.

The schedule for the collection of biometric information collection will take place from 08:30 to 17:30 on Monday to Wednesday, 5 to 7 December 2022, at the St Kitts Marriott Resort. Directions to the precise location within the hotel will be provided upon arrival.

In order to book an appointment for biometrics collection, please write to [email protected].

The governments of Canada and St Kitts and Nevis partner on a number of important issues, with an emphasis on matters of economic resilience and climate. St Kitts and Nevis has a High Commission in Ottawa and a consulate in Toronto, while Canada is represented in St Kitts and Nevis by the High Commission of Canada in Barbados, all of which help to strengthen bilateral ties between the two countries.

According to the government of Canada, Canada’s merchandise exports to St Kitts and Nevis totaled CA$5.2 million and merchandise imports from St Kitts and Nevis totaled CA$2.9 million in 2021. During this period, Canada’s main exports to St Kitts and Nevis included live animals and animal products, food products, and metals.

Even before the recent COP27, Canada announced the CA$100 million pledge for Caribbean Reconstruction and Economic and Climate Resilience to support St Kitts and Nevis and the region in reconstruction and climate resilience, following the disastrous 2017 hurricane season in the Caribbean. According to the Canadian government, this included strengthening natural disaster planning and response through organizations such as the Caribbean Disaster Emergency Management Agency.

At the CARICOM Intersessional Meeting in February 2020, Canada announced an additional CA$61.5 million in new commitments for resilience, technical assistance, and education exchanges for the Caribbean. This includes, for example, the Canada-CARICOM Expert Deployment Mechanism, which provides technical assistance to CARICOM governments, including St Kitts and Nevis, to help diversify and strengthen the economy, build climate-resilient communities, and reduce gender and economic inequalities.

Canada is the largest contributor to the International Monetary Fund’s Caribbean Regional Technical Assistance Centre, which has provided technical assistance to St Kitts and Nevis in internal audit, and tax and customs administration.

St Kitts and Nevis also works closely with Canada in multilateral domains such as the Commonwealth, the Inter-American Development Bank (IDB), the Organization of American States (OAS), the World Trade Organization (WTO), and the Organisation of Eastern Caribbean States (OECS).

St Kitts and Nevis also benefits from the Canada Fund for Local Initiatives, and Canada’s partnership with non-governmental organizations and regional institutions, such as St Kitts and Nevis-based Eastern Caribbean Central Bank and the Caribbean Development Bank. Canada represents St Kitts and Nevis and other Caribbean nations on the Board of Governors of the World Bank and the International Monetary Fund.

Many investors from Canada and other wealthy nations have participated in citizenship by investment programme offered by the government of St Kitts and Nevis. This programme is the oldest and one of the most trusted programmes of its kind in the world. Since 1984, it has allowed investors and their families to legally obtain citizenship in one of the Caribbean’s most idyllic places. Through this programme, foreign investors to St Kitts and Nevis can obtain citizenship for life, with the right to live and work in the island country, the ability to share citizenship with future generations, and taking advantage of having more global mobility. St Kitts and Nevis also offers investors a fair tax regime, with no worldwide income, inheritance, or gift tax for tax residents.

There are two main ways in which an applicant can apply for citizenship under St Kitts and Nevis citizenship by investment programme: by donating to the country’s Sustainable Growth Fund or by investing in pre-approved real estate.

The country’s CBI programme is also undergoing an upgrade under the leadership of the new St Kitts and Nevis prime minister, Dr. Terrance Drew. The new changes will ensure strengthened legislative and administrative oversight of the programme to ensure that it meets the needs of a changing investor whilst also being beneficial to the local citizens. Prime Minister Drew is determined to retain the country’s CBI status – which is one of the best in the world.

Click Here for More Information »

New government of St Kitts and Nevis ready to usher in new sense of cooperation and good governance, hints at changes to the country’s CBI programme

CARIBPR WIRE, Basseterre, St. Kitts, Nov. 16, 2022:  St Kitts and Nevis welcomed a new government in August and the new administration, led by Dr Terrance Drew, is ready and determined to usher in a new sense of cooperation, good governance, and transparency – starting with steps to improve the country’s long-standing citizenship by investment (CBI) programme.

In his address on Tuesday, 15 November, marking his first 100 days in office, Prime Minister Dr Terrance Drew provided insight into the focus areas for the CBI changes, which he gave to the citizens of St Kitts and Nevis at an event held earlier today in the country’s capital Basseterre.

Since winning the snap election on 5 August, Prime Minister Dr Terrance Drew has been working tirelessly for the overall development of St Kitts and Nevis and has undertaken various initiatives including the formation of a committee to combat corruption.

The new administration has presented plans for the advancement of the twin-island nation, outlining steps that will pave the way to improving the lives of its people. A large part of these plans is funded by the CBI programme which has secured foreign direct investment into the nation for nearly 40 years since it is independence.

“Our government has been relentless in our pursuit to strengthen and improve our Citizenship by Investment programme, for enhanced sustainability within a framework of integrity. We have held productive discussions with local developers and international investors alike,” said Prime Minister Drew.

“There will be much stronger oversight and leadership in the CBI Unit by a new CBI Board and Technical Committee. I will announce the detailed changes at our upcoming press conference, but I want to be absolutely clear, that our evolved CBI programme will be run with the utmost transparency.”

To help progress the economy, Prime Minister Drew highlighted that more oversight would ensure that the people of St Kitts and Nevis would also benefit from the CBI programme as it was intended. Plans are in place to support women in sectors like construction, to provide more support to small businesses, and to review opportunities for the development of the renewable energy sector, the processing of fish, as well as packaging and exports.

With promises to improve health care, provide more affordable housing and access to better education – Prime Minister Drew understands that all this will be underpinned by a stronger economy.

Speaking at the event Prime Minister Drew said that while the nation has been the benchmark of citizenship by investment value proposition, the new administration understands that in order to remain one of the most sought-after economic citizenship programmes in the world, it needs to evolve and forge a new path for itself and the industry as it responds to a changing demographic.

Through ongoing consultations with all stakeholders during the exploratory phase, the new government aims to have regular engagement with local and international stakeholders in the programme to ensure it meets their salient needs.

Prime Minister Drew also emphasised how his government is on a journey to bring clarity to locals and international investors through constant transparency and integrity. “Our ongoing work to strengthen this programme and the system must result in prosperity for all.”

Consultations with stakeholders have led to the development of committees to supervise the process and implement strengthened legislative and administrative structures to prevent “underselling” and ensure that real estate projects funded by the CBI programme are completed.

The government’s plan is to maintain a progressive programme that cements St Kitts and Nevis’ place as a leader in the CBI Industry.

The government is also seeking out reliable and trustworthy developers who are ready to put capital behind creative and strong projects that will enhance St Kitts and Nevis’ CBI offering.

St Kitts and Nevis holds the oldest citizenship by investment programme in the world – established in 1984, the programme currently allows investors to gain second citizenship by donating to a government fund or by investing in real estate.

The government fund channels investment to projects that will uplift the country and has enabled, in part, sectors such as health, education, tourism, business, and agriculture to flourish.

Click Here for More Information »

Government of St Kitts and Nevis does NOT accept cryptocurrency as a form of payment for its Citizenship by Investment programme

CARIBPR WIRE, Basseterre, St. Kitts, Nov. 14, 2022: The government of St Kitts and Nevis, along with the Citizenship by Investment Unit of the country, have refuted claims that investors interested in gaining citizenship to the country can pay using cryptocurrencies such as Bitcoin.

The St Kitts and Nevis citizenship by investment programme is the oldest in the world, having been established in 1984 – it has been providing investors from across the globe with one of the quickest, easiest, and most affordable routes to second citizenship.

Underpinned by a robust multi-layered due diligence process undertaken by international security firms from the USA and the UK, investors need to go through a formal application process consisting of eight main steps, which include:

  • Step 1: Pre-approval by a verified St Kitts and Nevis government agent and preparation of the application
  • Step 2: Submission of the citizenship application
  • Step 3: Application processing by the Citizenship by Investment Unit and internal and external due diligence checks
  • Step 4: Approval in principle letter issued
  • Step 5: Contribution to either the Sustainable Growth Fund or pre-approved real estate
  • Step 6: Bank clearance of source of funds
  • Step 7: Certificate of Registration issued
  • Step 8: Citizen can apply for a St Kitts and Nevis passport

Throughout the whole process, an investor will engage with an approved government agent who will facilitate the application and any payments will be made via registered banks using fiat money – a government-issued currency that is not backed by a commodity such as gold. An example would be the United States Dollar, Euro or Chinese Yuan.

Investors cannot make payments to a government-approved agent or the Citizenship by Investment Unit by using cryptocurrencies directly. These would need to be liquidated into fiat currency first and an applicant would need to provide a supporting affidavit regarding their source of funds as part of the application process.

St Kitts and Nevis has not yet passed any legislation regarding cryptocurrency. The country is participating in the Eastern Caribbean Central Bank (ECCB) pilot program, which aims to study the utilisation of cryptocurrency as a fiat currency.

The program’s purpose is to provide a safe and secure digital financial system by utilising the advantages of blockchain and is designed to exemplify the viability and functionality of the ECCB’s ability to issue Digital Eastern Caribbean Dollars.

The ECCB is the fiscal authority for the Eastern Caribbean Currency Union (ECCU).

Speaking at the Electronic Cash Conference 2022, which was held on November 12 2022, Prime Minister of St Kitts and Nevis, Dr Terrance Drew, expressed that while Bitcoin Cash – another form of cryptocurrency – is used as a method of tender by some businesses in the country, due diligence checks are presently being prioritised by his government ahead of any major decision concerning that cryptocurrency’s official use.

Prime Minister Drew stated that the financial safety and security of citizens is a matter of high priority, and the government, with the guidance of the ECCB, is prepared to explore the possibility of Bitcoin Cash being introduced as legal tender in the local financial space.

The Prime Minister explained that once all the crucial financial safeguards were in place, Bitcoin Cash could become accepted legal tender in St Kitts and Nevis by March 2023.

Benefits of gaining second citizenship to St Kitts and Nevis

Citizenship by Investment is a legal process to grant individuals – and, in some cases, their families – dual citizenship in exchange for a financial contribution to the country’s economy. The initiative permits countries to channel generated funds into developing healthcare, education, infrastructure, and more.

Being a citizen of St Kitts and Nevis offers investors a myriad of benefits including family reunification, global mobility, enhanced security, and increased economic opportunities.

St Kitts and Nevis offers award-winning and internationally acclaimed education institutions like veterinary and medical universities, attracting global-minded professionals. People from all over the world come to St Kitts and Nevis, over a million a year to be exact, because of its booming tourism sector.

In recent years, the nation has seen growing numbers of American visitors. Around 1,000 US citizens currently reside on the islands. Now, with more work-from-home policies than ever, many see the Caribbean as the perfect destination to get away from the bustle of big cities while continuing to be connected when business calls.

In addition to citizenship and global mobility, St Kitts and Nevis offers its citizens who choose to become tax residents a wide variety of insurance services in a tax-friendly environment. For example, the country guarantees financial privacy by not making any information about offshore business owners and top managers public.

Portfolio diversification is the first step in dispersing your investments so that your exposure is not limited to just one type of asset. An investment in property in St Kitts and Nevis would allow you to diversify your investment portfolio and potentially make a return upon selling that your share in real estate after the end of the minimum hold period.

This will also ensure that you retain a certain amount of your wealth outside of your home country. In uncertain political and economic climates, knowing that a portion of your portfolio is free from the grips of a potentially corrupt government can give you tremendous peace of mind.

Click Here for More Information »