The citizens and residents of the twin island federation will receive a Citizenship by Investment (CBI) dividend, according to the government of St. Kitts and Nevis.
The CBI dividend is a portion of the profits and retained earnings earned from the Citizenship by Investment Program, according to a recent statement from the prime minister’s office.
“The CBI dividend will be facilitated through Saint Christopher and Nevis Social Security and will be distributed in two tiers or categories. The first category is the pensionable and pensioners, and the second category is classified as those who are not yet pensionable.”
The statement went on to say that this new policy was enacted by the government of St. Kitts and Nevis as a commitment to the election campaign promise made by the administration of the St. Kitts-Nevis Labor Party, which is led by Dr. Terrance Drew.
The prime minister is anticipated to make a declaration, followed by another one that includes specifics about the payoff.
St. Kitts Government to pay dividend from Citizenship by Investment