15 of 196 Investors Reportedly Settle Underpaid St Kitts CBI Applications

Fifteen investors have paid their outstanding citizenship by investment (CBI) balances to Saint Kitts & Nevis, marking the first wave of responses to the government’s payment verification campaign, according to the Associates Times, which did not mention its source but has claimed it was a government official.

The Ministry of National Security had reportedly issued notices to approximately 196 investors suspected of investing below the mandatory investment threshold.

While 15 have settled their accounts, another 80 investors are supposedly communicating with authorities regarding payment verification or processing, the Associates Times reports.

This leaves roughly 101 notice recipients who have not yet responded as the December 31, 2024, deadline approaches.

Prime Minister Terrance Drew, who also serves as Minister of National Security, had pledged to “take the necessary statutory steps under the Citizenship Act to protect our Federation’s good name and revoke citizenships obtained by fraud.”

The Ministry’s formal notice requires recipients to either provide documented evidence of full payment through bank statements and wire transfers or settle outstanding amounts.

The government letter specifies that non-response by the deadline “will be construed as acceptance of the allegation.”

Recipients who fail to comply risk revocation of their citizenships as well as those of their dependents.

The enforcement action presents a final opportunity for investors to “safeguard their citizenship” through either documentary evidence or completing their investment obligations before the year-end deadline.

Investors facing potential revocation maintain the right to request a hearing before a Commission of Inquiry, provided they indicate their intention before December 31.

IMI has reached out to the Saint Kitts & Nevis Citizenship by Investment Unit but has not yet received a reply. We will update this piece with any new relevant information once the government responds.