Thursday, April 25, 2024

Government of St Kitts Nevis to make dividend payment from CBI


Share post:

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)


Please enter your comment!
Please enter your name here

Related articles

Shooting incident at Husbands Heights

Police responded to the scene of a shooting incident at Husbands Heights, St. James, having received a...

British Airways celebrates 70 years in Barbados

SEVENTY YEARS AGO, the first direct British Airways (BA) flight landed in Barbados. Yesterday, the Barbados Tourism Marketing Inc...

Body found near Culpepper

There are reports reaching The Nation that a body was found in the area of Culpepper, St Philip. Initial...

Time to focus on national issues

ARE THE DEMS united, or are they fragmented? The reason I ask though is because shortly after Member of...