Caribbean News
First Ever CBI Dividend to be distributed to Citizens and Residents of St. Kitts and Nevis
By Sherrica Thompson
Staff Writer
#StKittsandNevis, December 9, 2022 – The Government of St. Kitts and Nevis has announced the approval of the payment of a Citizenship by Investment (CBI) dividend to its citizens and residents.
The CBI dividend is a share of the profits and retained earnings received from the Citizenship by Investment Programme.
In a statement on December 8, the government said the dividend will be facilitated through the 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 government also noted that the policy is a commitment made to the people of St Kitts and Nevis by the Drew administration.
“This is a new policy implemented by the Government of St Kitts and Nevis as a commitment to the Dr. Terrance Drew lead St Kitts-Nevis Labour Party Administration’s campaign pledge to the citizens and residents of the Federation.