Limited Time Offer: Gain second citizenship in St Kitts and Nevis for a reduced fee

Basseterre, Feb. 16, 2023 (GLOBE NEWSWIRE) — The luxurious island of St Kitts and Nevis is offering investors the chance to gain coveted second citizenship in the nation through its citizenship by investment programme. For a limited time only, investors can contribute a reduced amount of US$125 000,000 to the Sustainable Growth Fund – the offer ends 30 June 2023.

St Kitts and Nevis has been on a drive to attract discerning investors and recently announced substantial and industry-leading changes to its citizenship by investment programme. The changes will see high levels of integrity being injected into the programme thanks to these administrative improvements. The citizenship by investment programme has also been structured to allow for greater transparency and accountability, and investment options have been tailored to align with market realities while preserving the platinum brand.

From 1 January 2023 until 30 June 2023, those looking to tap into St Kitts and Nevis’ enriching base can make a donation of just US$125 000.00 into the country’s Sustainable Growth Fund (SGF) and gain second citizenship in just 60 days. From 1 July 2023, the contribution will increase to US$150 000,00 per main applicant.

Why should you invest in St Kitts and Nevis 

Being a dual citizen of St Kitts and Nevis offers a plethora of benefits – from family reunification and global mobility to enhanced security and increased economic opportunities, there are so many reasons entrepreneurs and families should seriously consider the dual island nation.

Situated between Anguilla and Montserrat, St Kitts and Nevis features pristine beaches, wondrous volcanoes, and beguiling rainforests. St Kitts and Nevis has a population of over 52,000, with an economy reliant on tourism, export-oriented manufacturing, and offshore banking.

St Kitts and Nevis Citizenship by Investment Programme is the world’s longest-running CBI programme (launched in 1984) and one of the most trusted, being the first of its kind.

Since the island has award-winning and internationally acclaimed education institutions like veterinary and medical universities, it attracts 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. Many enjoy it so much that they end up staying. 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 an increasingly globalised world, unrestricted mobility is a vital tool that can help level your business to an international market. A 2022 report released by the Financial Times’ Professional Wealth Management (PWM) magazine recognised St Kitts and Nevis for having the most extensive global mobility offering in the Caribbean out of all Caribbean CBI nations.

St Kitts and Nevis remains in high demand as a renowned port for its exceptional tourism, complemented by an unmatched experience. The nation achieved the honorary marquee tourist destination status and welcomed one million cruise passengers for two consecutive years prior to the pandemic. This means that no matter where you invest in the country, you can get a bang for your buck as almost every sector on the islands is touched by people coming and going.

Citizenship by investment programmes offer the opportunity for reputable individuals to legally obtain new citizenship in return for an investment in the economy of the host country. The main goal of these programmes is to find a win-win solution for both investors and the countries offering citizenship by investment programme.

This process aims to be relatively smooth provided that an investor delivers all the necessary documentation, passes all necessary due diligence checks, and makes the qualifying investment. The investment made by that individual is often put towards improving the quality of life for those inhabiting the host country.

The process to obtain citizenship of St Kitts and Nevis takes approximately 90 days from submission to approval in principle on the normal route. However, this can be fast-tracked to 60 days or less under the nation’s Accelerated CBI Application for an additional fee.

There are no obligatory travel or residency requirements for this programme and no interview or language requirements.

Investment options

St Kitts and Nevis’s citizenship by investment programme has four investment options:

The Sustainable Growth Fund

Limited Time Offer:
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 the application.

From 1 July 2023 onwards, applicants investing through the Sustainable Growth Fund are required to make a minimum investment of US$ 150,000 and can expect approval in principle within 90 days of submission of the application. The funds raised by the SGF go towards supporting sustainable growth initiatives in the country.

Real Estate 

This route involves investing in government-approved real estate, with independent investors needing to make a contribution of at least US$ 200,000 and hold the property for a minimum of seven years.

Private Homes 

The Private Home Sale Investment Option will be retained as a permanent investment option under the CBI Programme, where the minimum investment per application is US$ 400,000 in a private single-family dwelling house designated as an Approved Private Home.

Public Benefit Option 

Public Benefit Option requires a minimum investment per application of US$175,000 in an Approved Public Benefit Investment, payable to an Approved Public Benefit Investor.

PR St Kitts and Nevis
Government of St. Kitts and Nevis
+44 (0) 207 318 4343

GlobeNewswire Distribution ID 8750933

Government of St Kitts and Nevis have their evolutionary CBI Programme reaffirmed by the 2023 IMF Report

Basseterre, Feb. 16, 2023 (GLOBE NEWSWIRE) — The latest International Monetary Fund (IMF) report that was released in January 2023, indicates a projected growth of 4.5 per cent for the nation of St Kitts and Nevis this year. This growth is supported by a steady recovery from the tourism sector and various service sectors.

The report also found that the country’s Citizenship by Investment Programme also played a role in supporting the Twin Federation’s growth. The current St Kitts-Nevis Labour Administration Party under the leadership of Prime Minister, Dr Terrance Drew, has made very well-considered changes to the country’s investment migration programme in attempts to transform the economy into a Sustainable Island State, as highlighted in the 2023 Budget Address.

The expected growth in St Kitts and Nevis’ real GDP is 5.9 per cent for 2023. The Prime Minister highlighted that the CBI Programme is also designed to generate significant revenue to create a diverse economy that will promote entrepreneurship, profitable job creation and increase homeownership.

Prime Minister Drew, said that his administration would “use the CBI revenues to fuel our plans to implement a diversified economy.”

The Prime Minister emphasised the significance and benefits of St. Kitts and Nevis’ CBI Programme and the importance of due diligence in ensuring that the country’s programme remains reputable globally. He added “Our citizenship is precious; therefore, the evolved CBI Programme will invite bold and creative top-notch investors to our shores who will develop innovative industries in St Kitts and Nevis, the construction of 18 real estate developments pursuant to our government’s priority infrastructure list, and in all things, bring substantial benefit to the people of Saint Christopher and Nevis. This evolution is perfect for our investors to explore real estate development opportunities through their CBI Programme.”

St Kitts and Nevis government is looking to develop a Sovereign Wealth Fund should their financial projections materialise. This will be the world’s first Sovereign Wealth Fund through the CBI Programme. The Fund will be used as a long-term investment vehicle in international markets and industries and will be managed by high-level authorities and a thorough policy to ensure the funds are directed intentionally towards disaster management. Investors will have the opportunity to improve the country’s healthcare system, and social services, develop public infrastructure including energy and water security for all the Kittitian and Nevisian population, as well as digital transformation.

St. Kitts and Nevis is a two-island small yet rich economy with tourism being the island’s largest contributor to their GDP, followed by the CBI Programme, agriculture, medicinal cannabis industry, construction and manufacturing sectors.

St Kitts and Nevis has been a pioneer of the global investment immigration industry for over 30 years and it continues to use revenue generated from its CBI Programme to prosper locals and international investors. Prospective entrepreneurs can become a citizen of St Kitts and Nevis in four ways:

Donating towards the country’s Sustainable Growth Fund (SGF), which was established to drive economic and social development in the country. In addition, the SGF may be used to provide financial support towards education and healthcare facilities, as well as funding for constructing infrastructure, developing local tourism, preservation of local culture and heritage, and dedicated sustainable growth initiatives in the country. There is a Limited Time Offer (LTO) from 1 January to 30 June 2023. Investors applying under the LTO will benefit from a reduced minimum donation amount starting at US$125,000 for a single applicant and an accelerated CBI application with a shorter processing time of 60 days from the acknowledgement of the application by the Citizenship by Investment Unit to approval in principle, with no added costs. From 1 July 2023 onwards, there will be adjustments to the minimum donation amounts with the minimum donation for a single applicant starting at US$150,000 and the processing time will revert to the standard 90 days unless the applicant elects the accelerated CBI application route.

Investing through the pre-approved real estate from January 2023. The minimum investment required by law is US$200,000 in an Approved Development which is resalable after a period of seven years.  Only Approved Developments qualify under this investment option. All real estate properties previously designated as “Approved Projects” are required to apply to be re-designated as an Approved Development on or before 10 March 2023, failing which they will no longer qualify under the real estate investment option. Additional fees apply.

Applicants may select the Private Home Sale Investment Option; the minimum investment amount is US$400,000.00 in a private dwelling home or a single-family condominium designated as an Approved Private Home. More than one main applicant may each contribute a minimum of US$400 000,00 towards the same Approved Private Home. An Approved Private Home is resalable after a period of five years, Properties previously designated as Approved Private Homes are required to re-apply to be re-designated on or before 10 March 2023, failing which they will lose such designation. This option is not applicable to apartments or multi-family condominiums. Additional fees apply.

The Public Benefit Option has replaced the Alternative Investment Option (AIO). The minimum investment amount per applicant is US$175,000.00 in an Approved Public Benefit Project, payable to an Approved Public Benefactor.  Only Approved Benefit Projects qualify under this investment option. All real estate developments previously designated as AlO developments are required to apply to be designated as an Approved Public Benefit Project on or before 10 March 2023, failing which they will no longer qualify under this investment option. Additional fees apply.

PR St Kitts and Nevis
Government of St. Kitts and Nevis
+44 (0) 207 318 4343

GlobeNewswire Distribution ID 8750929

Dominica paves sustainable future for all citizens

Roseau, Feb. 16, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica is paving the way to create a sustainable future for its citizens.

The country deals with adverse climate conditions on an annual basis caused by climate change. Global warming affects seawater temperatures that influence natural disasters. The severity and frequency of natural disasters in the Caribbean have increased in recent years, such as the 2017 Atlantic hurricanes Irma and Maria.

Dominica has used funds received from the Citizenship by Investment (CBI) Programme to pursue its sustainability goals.

These sustainable goals include Dominica’s successful adoption of clean energy – 28 percent of the country’s electricity is generated by hydropower and wind energy, more than any other country in the Caribbean Community (CARICOM) region.

During his 2022-2023 Budget presentation, the Prime Minister of Dominica, Dr Roosevelt Skerrit, presented updates on the construction of the geothermal power plant project that will be commissioned by the end of 2024 to improve independent energy resources. The Dominica Geothermal Development Company (DGDC) is developing the project and plans for a 10-MW capacity plant that will be located in Roseau Valley.

Dominica had signed a US$33.7 million contract with DGDC to drill two additional wells in the country, meanwhile the well pads and access roads will be built by ACE engineering with a US$8.5 million contract. ACE engineering are near completion with the well pads and access roads. After drilling and testing, the project will advance to the construction of the power plant.

The preparatory work for the construction of the transmission network from Roseau Vally to Fond Cole and Sugar Loaf, were two contracts awarded valued at US$2.5 million. This will supply power from both the geothermal and hydropower power plants to the rest of Dominica. The project will include the upgrade of the transmission lines from 11kV to 33kV and 99kV to reduce line loss and be more resilient to climate change events.

“I say to our young people that the investments we are making in the development of our geothermal resources is for them – a future Dominica with high-paying jobs and careers in the areas of geological sciences, geothermal energy, project management, mechanical, industrial and electrical engineering,” said Prime Minister Skerrit, emphasising the socio-economic benefit these upgrades will have for the Dominican youth.

Dominica is also committed to becoming carbon neutral by 2030, through the use of the Dominica Climate Resilience Recovery Plan (CRRP) that was established under the terms of the Climate Resilience Act 2018, and provides full effect to the National Resilience Development Strategy developed in 2018.

The CRRP develops targets, defines initiatives and outlines resources needed to implement resilience measures. The CRRP has highlighted fourteen targets that include becoming carbon neutral through 100 percent domestic renewable energy production and increasing the protected forest areas to 67 percent of Dominica; zero fatalities from extreme weather events; 90 percent housing stock built or retrofitted to resilient building codes; 100 percent resettlement of individuals living in physically vulnerable locations; and for the Government and emergency services to be 100 percent functional during and after natural disasters.

Investors have the opportunity to contribute funds towards Dominica’s sustainable economy and gain second citizenship through the country’s CBI Programme investment options. There are prerequisites per qualifying applicant that include due diligence and processing fees.

The Economic Diversification Fund (EDF) was established to support Dominica’s development through socio-economic initiatives. Qualifying applicants may acquire citizenship through their EDF contribution. The EDF contributions are used to develop public and private sector projects including building schools, hospital renovations, and building a national sport stadium. The Fund also benefits other industries such as agriculture, information technology and tourism.

For applicants to qualify for Dominican citizenship through the CBI Programme, applicants are required to make non-refundable EDF contribution, the amount will be determined by the number of qualifying dependants the main applicant includes in their application.

  • Main applicant fee: US$100 000,00
  • Main applicant and spouse fee: US$150 000,00
  • Main applicant and up to three dependants: US$175 000,00
  • An additional dependant under 18 years: US$25 000,00
  • An additional dependant 18 years or older: US$50 000,00
  • Processing fee per applicant: US$1 000,00
  • Due diligence fees: US$7 500,00 per main applicant, US$4 000,00 per spouse, and US$4 000,00 for qualifying dependant aged 16 years and above.

The other CBI Programme investment option is the Real Estate Investment Option that requires qualifying applicants to purchase pre-approved property valued at at least US$200 000,00. The property investment must be held for three years from the date of the applicant’s citizenship is granted and may only be sold under the CBI Programme after five years.

There are multiple government approved properties that allow qualifying applicants to select from such as condos, eco-lodges, hotels, luxury resorts and villas. Some popular locations are around the capital, Roseau, Portsmouth, Soufriere and Salisbury.

Qualifying applicants are required to pay government fees as follows:

  • Main applicant fee: US$25 000,00
  • Main applicant and up to three dependants: US$35 000,00
  • Main applicant and up to five dependants: US$50 000,00
  • Any additional qualifying dependant: US$25 000,00
  • Processing fee of US$1 000,00 per applicant
PR Dominica
Commonwealth of Dominica
001 (767) 266 3919

GlobeNewswire Distribution ID 8750711

Hisense introduit son téléviseur laser 90L5H grand écran familial en Afrique du Sud

LE CAP, Afrique du Sud, 16 février 2023 /PRNewswire/ — Hisense, première marque mondiale d’électronique, se prépare à procurer une expérience visuelle révolutionnaire aux foyers sud-africains avec la commercialisation locale de son téléviseur laser 4K 90L5H. Doté d’une palette de plus de 16,7 millions de couleurs, ce produit restitue des images plus vraies que nature avec un réalisme et une précision exceptionnels.

Présenté comme le téléviseur grand écran le plus familial de la société, le 90L5H est un véritable concentré de puissance, avec son écran de 90 pouces et ses 8,3 millions de pixels, doté de la technologie laser X-Fusion révolutionnaire de la société et du son multidimensionnel Dolby Atmos. Ce produit est le choix idéal pour de nombreux clients, qu’il s’agisse de cinéphiles passionnés à la recherche de la meilleure expérience sur grand écran, de sportifs désireux de plonger au cœur de l’action ou de joueurs à la recherche des meilleurs graphismes. Le 90L5H, d’une longueur de 1,80 m, a de quoi séduire les utilisateurs de tous horizons, qu’il s’agisse d’enfants, d’adolescents ou de professionnels qui apprécient les plaisirs de la vie.

En associant la technologie laser X-Fusion de la société et la technologie de projection à focale ultra-courte, le téléviseur 90L5H d’Hisense produit des images d’une grande netteté, qui offrent aux familles une atmosphère unique dans leur propre maison, semblable à celle que l’on retrouve dans un cinéma. Malgré sa taille, ce produit est très performant. Il est doté d’un écran réfléchissant et émet peu de lumière bleue afin que les utilisateurs ne ressentent pas de fatigue oculaire lors de longues séances de visionnage, et ce, sans perdre la qualité d’affichage d’origine.

L’investissement d’Hisense dans les performances ne s’arrête pas là. La société a employé sa technologie de rejet de la lumière ambiante pour accentuer davantage les couleurs, et les utilisateurs n’ont pas besoin d’éteindre les lumières pour obtenir une qualité d’image claire et saisissante. Par ailleurs, le contraste naturel élevé, avec un taux de 3 000:1, rend les reflets à l’écran encore plus saisissants et apporte de la profondeur et du réalisme aux images ombragées à l’écran.

L’équipe d’Hisense a privilégié une ergonomie élégante et attrayante lors de la conception du 90L5H, et il en résulte un produit qui trouvera sa place dans pratiquement toutes les pièces de la maison. Sous le capot, son cadre en aluminium robuste et sa surface résistante aux rayures allient une esthétique agréable à des performances robustes, le tout pour seulement 9 kg.

En matière de flexibilité pour les utilisateurs, le téléviseur prend en charge l’HDR10, l’HLG et le Dolby Vision tout en exploitant la gamme dynamique élevée pour transférer sa capacité à afficher des couleurs aussi vives aux contenus pris en charge. De plus, le mode Filmmaker (cinéaste) permet d’offrir aux utilisateurs une expérience visuelle plus authentique. Ce mode désactive certains des paramètres de la technologie d’image et de mouvement pour rétablir l’expérience visuelle telle que le créateur l’a voulue, ce qui permet à l’utilisateur de contrôler entièrement la qualité de l’image.

Pour en savoir plus, veuillez consulter :

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President Cyril Ramaphosa attends 36th Ordinary Session of African Union Assembly of Heads of State and Government in Addis Ababa, Ethiopia, 18-19 Feb

President Ramaphosa attends the 36th Ordinary Session of the African Union Assembly of Heads of State and Government in Addis Ababa, Ethiopia

President Cyril Ramaphosa will attend the 36th Ordinary Session of the African Union (AU) Assembly of Heads of State and Government to be held on 18 and 19 February 2023 in Addis Ababa, Ethiopia.

The theme of the AU for the year 2023 is “Acceleration of AfCFTA Implementation”.

It is expected that the Assembly will take stock of the progress made thus far in the implementation of the African Continental Free Trade Area (AfCFTA) following the start of trading on 1 January 2021.

African Heads of State and Government are expected to reaffirm their commitment to the full implementation of the AfCFTA and the significance of accelerating the finalisation of outstanding issues – including, the Rules of Origin and supporting Protocols.

The Assembly will also consider a myriad of thematic issues such as the report on the activities of the Peace and Security Council (AU PSC) and the state of peace and security in Africa; the election of the new Bureau of the AU Assembly for the year 2023; the AU Institutional Reform; appointments to various organs of the Union as well as reports of the leaders on specific thematic issues.

The current Chair of the African Union, H.E. Macky Sall, President of the Republic of Senegal, will present the annual report of the chairperson as well as a report on global governance matters wherein the proposal for the AU to become a member of The Group of Twenty (G20) will be considered by the Heads of State and Government.

President Sall will also be handing over the chairship of the AU to the Island State of Comoros.

South Africa’s participation is crucial to influence the strategic direction of the deliberations on some of the above-mentioned matters during the Summit, as well as the outcomes document in the form of the Assembly Decisions.

President’s itinerary during the meeting

On 17 February 2023, President Ramaphosa, in his capacity as the Chair of the AU PSC, will chair a meeting to discuss the conflict in the Eastern Democratic Republic of Congo (DRC).

On 18 – 19 February 2023, during the Summit, President Ramaphosa and Chair of the AU PSC, will present the Report on the State of Peace and Security on the African Continent. South Africa is currently the chair of the AU PSC for February 2023.

In his capacity as the AU Champion on Covid-19, the President will also present the Report on the AU Response to COVID-19 in Africa to the Assembly. The focus of the Report will be on concrete actions undertaken to contain the spread of the pandemic on the Continent. He is also expected to deliver the Progress Report on the New Partnership for Africa’s Development (NEPAD) Infrastructure Championing Initiative.

The President will be accompanied to the 36th Ordinary Session of the AU Assembly by International Relations and Cooperation Minister Naledi Pandor. The President will also be supported by Ministers Mondli Gungubele of the Presidency; Enoch Godongwana of Finance; Joe Phaahla of Health; Ebrahim Patel of Trade and Industry and Competition as well Deputy Minister Thabang Makwetla of Defence and Military Veterans.

The Assembly will be preceded by the 42nd Ordinary Session of the Executive Council which will be held on 15 and 16 February 2023.

Source: Government of South Africa

National School Safety Framework remains a strategic response to violence, bullying in schools

Basic Education Minister Angie Motshekga says the quality of education can only be achieved if learners and teachers are safe and healthy and if schools are free of violence, abuse and harm.

The Minster reflected on President Ramaphosa’s call during the Basic Education Lekgotla for the sector to institutionalise Care and Support for Teaching and Learning (CSTL) as a tool to improve learner outcomes.

The Minister was speaking during a Parliamentary Debate of President Cyril Ramaphosa’s State of the Nation Address (SONA) on Wednesday.

Addressing the social ills in schools, such as bullying, gender-based violence (GBV), child pregnancy, alcohol, and drug peddling, Minister Motshekga said that the National School Safety Framework remains as a strategic response.

“Our schools must be safe, weapons-free, substance-free spaces for learners and teachers, where corporal punishment, sexual abuse, gender-based violence, homophobia, racism, substance abuse and bullying are not tolerated.

“The National School Safety Framework remains our strategic response to violence, bullying and abuse in schools,” she said.

The Framework calls on all stakeholders in schools – management, teachers, unions, parents, learners, and communities to work together to make schools safe and drug-free spaces, where all learners can learn and thrive.

The Minister said the department will continue to work closely with the South African Police Services and community organisations to improve safety in all schools.

She highlighted that adolescent girls and young women remain the most vulnerable cohort in our schools and in society.

Motshekga added that girls face complex and serious challenges, including HIV/AIDS, gender-based violence, rape, abuse, and early and unintended pregnancy.

“Whilst we have significantly reduced adolescent fertility rates over the last few decades, the numbers of early and unintended pregnancies amongst adolescent girls and young women, remain unacceptably high.

“The consequences of early pregnancy to society, and the lives of young women and girls, are often devastating. About a third of girls, who fall pregnant, do not return to school; and are then vulnerable to further pregnancies; they have compromised health outcomes and higher mortality rates during childbirth; and their lack of access to education, leads to the creation of poverty traps for families and communities,” the Minister said.

She emphasised that the DBE, working with other government departments and partners, will continue to work and support young women and girls in schools.

The department will also continue to strengthen the implementation of Comprehensive Sexuality Education in all schools across the country.

The Minister said it was clear that the education system cannot survive without the direct involvement of all communities of trust, not only those who are part of the Sector, but everyone.

“There is no doubt that the Basic Education system has begun to reach the desired stability; which is healthy for a large and important system as ours. The unquestionable resilience our school community has shown, against such a devastating pandemic, the persistent loadshedding, and sporadic service delivery protests, cannot go by unnoticed,” she said.

Motshekga added that the Class of 2022 has clearly demonstrated that with all requisite support and intervention programmes, they can make it.

Closing the infrastructure gap – Progress and Challenges

Minister Mothsekga said the upgrading and maintenance of school infrastructure remain a key priority.

“For this reason, we are looking at different ways of dealing with this serious challenge which amongst others, includes changing the framework for the Education Infrastructure Grant, the delivery model for different types of structures, among others.

“We will be giving a dedicated report back on infrustructure in education, because infrastructure delivery has become one of our most seriously challenging area,” she said.

The DBE, working together with its provincial counterparts, has built 315 new schools; completed water supply projects at 1 259 schools and electricity supply projects at 373 schools.

With regard to sanitation, 2 500 schools, have been supplied with age-appropriate sanitation facilities through the Sanitation Appropriate for Education (SAFE) programme.

“But despite all these activities, just to deal with overcrowding only and not maintenance, repairs, renovations required in our schools, by last December we had estimated an urgent need for additional classrooms.

“We would also agree that class size is another important determent for quality teaching and learning; and overcrowding just simply undermines this process,” the Minister said.

Source: South African Government News Agency