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The ground-breaking agreement brings stories from the Caribbean to both TEMPO Networks and to CaribbeanTales viewers in the diaspora

CARIBPR WIRE, Toronto, ON, Mon. June 10, 2024: TEMPO Networks announces an exciting partnership with CaribbeanTales Media Group (CTMG) to provide a platform for the CaribbeanTales catalogue to reach millions of mobile customers worldwide on IOS and Android devices. Under the agreement, TEMPO as lead partner, will give its customers access to a huge range of original locally and regionally produced content from the CaribbeanTales Worldwide Distribution catalogue directly through its TEMPO+ Caribbean app. This partnership will enable millions of viewers to access Caribbean content in ways that they have not been able to before.

“This groundbreaking partnership is destined to further catapult the distribution of culturally relevant Caribbean content worldwide and create important pathways for Caribbean producers and creatives,” exclaimed Frederick A. Morton Jr. aka Mr. TEMPO, Founder of TEMPO Networks. “I am thrilled to join forces with CaribbeanTales, which has been engaged in the important work of distributing Caribbean content for decades and shares our vision for the production and distribution of quality content documenting Caribbean history and lifestyle.”

“With our partnership we are building on our commitment to support, develop and distribute Caribbean content for Caribbean viewers worldwide,” explains Frances-Anne Solomon, CEO of CTMG. “This partnership expands the reach of CaribbeanTales-TV and brings rich, new content to both the CT and TEMPO+ Caribbean platforms.”

For almost two decades, TEMPO has permeated the hearts and souls of viewers with the network emerging “as the ultimate platform for the expression of the entire Caribbean experience,” says Morton. “Caribbean people have a unique passion for living which shines through everything they do and TEMPO+ Caribbean is the bridge to this culturally rich and trendsetting community.”

CTMG is the leading supporter of content generation in the Caribbean with an enormous library of productions that tell the tales of everyday Caribbean people and the Diaspora through series, dramas, documentaries, animation, comedies and short films. All of this content is currently available on CaribbeanTales-TV.

“This wonderful partnership provides an injection of energy and resources into the world’s availability to access Caribbean content and has the potential to be a game changer for our emerging industry,” says Solomon. “There is now a mechanism through which the most compelling regional projects from the most talented producers can be viewed and disseminated, creating funds for the creators in the process. We are looking forward to working with TEMPO+ Caribbean, and with producers and other partners to build on this important milestone in the establishment of a sustainable indigenous industry for the Caribbean.”

Download the TEMPO+ Caribbean App on IOS and Android to access the widest library of Caribbean content in the world.

Links:
CaribbeanTales-TV – Online SVOD for Caribbean Content: https://caribbeantales-tv.com/

TEMPO on CaribbeanTales-TV: https://caribbeantales-tv.com/pages/TEMPO-on-cttv

TEMPO+ app on IOS: https://apps.apple.com/us/app/TEMPO-caribbean-network/id1640195256

TEMPO+ app on Google Play: https://play.google.com/store/apps/details?id=com.tvcoins.prod.TEMPO&hl=en_CA

CaribbeanTales-TV on TEMPO: https://www.temponetworks.com/caribbeantales-tv/

About CaribbeanTales Media Group
Built over 20 years, CaribbeanTales Media Group (CTMG) is the only media group in Canada that provides an ecosystem of screen-based activities that serve Black Canadian, and culturally diverse audiences. CTMG is Black-owned, staffed and controlled. Our Board leadership and staff are mainly Black and are culturally diverse. CTMG provides a pipeline of activities from creation to distribution that aims to uplift, enrich, promote and monetize Black and culturally diverse film and television content for audiences.

CTMG includes: CaribbeanTales Worldwide Distribution (CTWD), the first full-service film distribution company in the English-speaking Caribbean; the Caribbean-Tales International Film Festival (CTFF) that produces festivals and events; the CaribbeanTales Incubator (CTI), a production hub creating world-class and compelling original content ; and CaribbeanTales-TV (CT-TV), an online streaming video service.

About TEMPO Networks
Founded in 2005, TEMPO Networks is the Caribbean’s leading television, media & entertainment life-style brand capturing Caribbean life & culture worldwide. With its flagship 24/7 linear TV station broadcasting throughout the Caribbean and the USA on cable to over 4M viewers, TEMPO produces popular Caribbean life-style content, featuring travel, tourism, music, cuisine, pop-culture and diaspora life. TEMPO recently launched its streaming platform, TEMPO+ Caribbean, on Apple IOS & Android platforms, with an exciting and ground-breaking slate of original and exclusively curated programming. Its diverse content caters to the very significant and varied worldwide demographic who love and enjoy all things Caribbean.

EDITOR’S NOTE: An image for use with this article is available HERE

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CARIBPR WIRE, COCKBURN TOWN, Turks and Caicos, April 23, 2024: We are pleased to announce that CardnPay newest affiliate, Turks and Caicos Banking Company (TCBC), will be issuing new international Mastercard Black and Platinum debit cards starting in April 2024.

The Mastercard Black and Platinum Debit Cards represent the pinnacle of sophistication and functionality, designed to cater to the discerning needs of individuals seeking superior payment experiences. With their sleek designs and advanced security features, these cards epitomize excellence in banking and elevate the standard of financial services in the region.

“We are thrilled to collaborate with TCBC in bringing the Mastercard Black and Platinum Debit Cards to the Turks and Caicos Islands,” said Mr. Barry Walsh, President of CardnPay Limited. “This partnership allows us to combine our expertise in payment processing with TCBC’s commitment to innovation, delivering unmatched value and convenience”.

“Turks and Caicos Banking Company is excited to launch Mastercard Black and Platinum Debit Card in partnership with CardnPay Limited”, said Mr. David Bee, Chief Executive Officer at TCBC. “This collaboration allows us to leverage our expertise in financial services and CardnPay’s cutting-edge payment processing technology to offer a truly elite banking experience.”

TCBC (www.turksandcaicos-banking.com) is a private Bank focused on efficient and convenient customer service. Established in 1980, Turks & Caicos Banking Company has been evolving alongside the Turks and Caicos Islands.

CardnPay Ltd. (www.cardnpay.com) is a wholly owned subsidiary of Bevertec CST Inc. and a Mastercard principal member. The company offers a Mastercard Affiliate Program to financial service providers in the Caribbean. The program comprises Mastercard licensing, card issuing, ATM acquiring, 3D Secure, Tokenization, payment processing and other value-added services on a subscription basis. For more information please contact:

Nathaly Gutierrez
Business Development Manager
[email protected]
Canada: Office : +1 416 695 7525 x2268

CardnPay y Turks and Caicos Banking Company lanzan tarjetas de débito Mastercard Black y Platinum en las Islas Turcas y Caicos

CARIBPR WIRE, COCKBURN TOWN, Islas Turcas y Caicos, April 23, 2024: Nos complace anunciar que la nueva filial de CardnPay, Turks and Caicos Banking Company (TCBC), emitirá nuevas tarjetas de débito internacionales Mastercard Black y Platinum a partir de abril de 2024.

Las tarjetas de débito Mastercard Black y Platinum representan el pináculo de sofisticación y funcionalidad, diseñadas para satisfacer las necesidades más exigentes de personas que buscan experiencias de pago superiores. Con sus diseños elegantes y funciones de seguridad avanzadas, estas tarjetas ejemplifican la excelencia en la banca y elevan el estándar de los servicios financieros en la región.

“Estamos encantados de colaborar con TCBC para llevar las tarjetas de débito Mastercard Black y Platinum a las Islas Turcas y Caicos”, dijo el Sr. Barry Walsh, presidente de CardnPay Limited. “Esta asociación nos permite combinar nuestra experiencia en procesamiento de pagos con el compromiso de TCBC con la innovación, ofreciendo valor y conveniencia inigualables”.

“Turks and Caicos Banking Company se complace en lanzar la tarjeta de débito Mastercard Black y Platinum en asociación con CardnPay Limited”, dijo el Sr. David Bee, director ejecutivo de TCBC. “Esta colaboración nos permite utilizar nuestra experiencia en servicios financieros y la tecnología de procesamiento de pagos de vanguardia de CardnPay para ofrecer una experiencia bancaria verdaderamente de élite”.

TCBC (www.turksandcaicos-banking.com) es un banco privado centrado en servicio al cliente eficaz y conveniente. Establecida en 1980, Turks & Caicos Banking Company evoluciona junto con las Islas Turcas y Caicos.

CardnPay Ltd. (www.cardnpay.com) es una subsidiaria de propiedad integral de Bevertec CST Inc. y miembro principal de Mastercard. La empresa ofrece un Programa de Afiliados de Mastercard para proveedores de servicios financieros en el Caribe. El programa incluye licencias de Mastercard, emisión de tarjetas, adquisición de cajeros automáticos, 3D Secure, tokenización, procesamiento de pagos y otros servicios de valor agregado por suscripción. Para más información comuníquese con:

Nathaly Gutiérrez
Gerente de desarrollo de negocios
[email protected]
Canadá: Oficina: +1 416 695 7525 x2268

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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 27^th 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 27^th 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

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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 27^th 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)

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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.

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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

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

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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.

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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.

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• Beatriz Hernandez design
• Beatriz Hernandez

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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.

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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.

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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.

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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 7^th 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.”

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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.

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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.

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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.

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