The fourth annual Caribbean Investment Summit 2019 took place in St. Kitts and Nevis, between June 19 to 21. The summit became the centre of attention for many economically struggling Caribbean countries who wanted to find out more about the policies regarding citizenship by investment programs, and perhaps come up with similar programs back home.
The Caribbean Investment Summit Once Again Was Held in St. Kitts and Nevis
It is does not come as a surprise to see that the 4th Caribbean Investment Summit was also held in the St. Kitts and Nevis, much like the 3rd one. That owes to the stellar success of St. Kitts and Nevis at hosting the event last year. This year the summit also coincides with the 35th anniversary of St. Kitts and Nevis’ citizenship by investment program, a pioneering program that is still one of the best on the market. That is why the country is rather well known amongst the other Caribbean states who too are trying to imitate the great success of St. Kitts and Nevis themselves.
The Success of Citizenship by Investment Programs is Apparent
The prime minister of St. Kitts&Nevis, Timothy Harris, was amongst the key speakers on the first day of the Caribbean Investment Summit 2019. He spoke to about 400 stakeholders in the global citizenship by investment industry. He talked about the positive effects of citizenship by investment programs and said that the development of St. Kitts-Nevis’ economy and the betterment of its population’s life quality were testament enough to the success of citizenship by investment programs. Mr. Harris acknowledged the fact that in the sub-region there are other countries such as Dominica that offer such citizenship by investment programs, but ultimately the real value of those programs come out when the state can make the best out of these investments and turn them into long-term profits.
St. Kitts and Nevis’ Landscape is Changing for the Better
Prime Minister Harris says that an effort must be made to make sure that both the investors and the country is benefitting from the citizenship by investment program at the end. The benefits of these programs are more tangible for the investors at first, but Mr. Harris ascertains that the invested money brought the country many new jobs, built new roads, increased the tourism capacity, and introduced international recognition and more foreign investment to the country as a whole. He concluded his words by saying that the Hurricane Relief Fund too was a great success, and that new method of gaining a citizenship in St. Kitts and Nevis already improved the living standards of well over 2000 households, which is a huge number for a small nation such as St. Kitts and Nevis.