Thursday, April 25, 2024

Government of St Kitts Nevis to make dividend payment from CBI

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Basetterre – The government of St Kitts Nevis says that it has approved the payment of a Citizenship by Investment (CBI) dividend to the citizens and residents of the twin island Federation.

The Prime Minister’s Office, in a recent statement, noted that the CBI dividend is a share of the profits and retained earnings received from the Citizenship by Investment Programme.

“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 release further explained that this was a new policy implemented by the Government of St Kitts and Nevis, as a commitment to Dr Terrance Drew-led St Kitts-Nevis Labour Party Administration’s campaign pledge to the citizens and residents of the Federation.

It is expected that an announcement would be made by the Prime Minister, giving details of the payout in a subsequent announcement. (CMC)

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