BERMUDA OFFER CITIZENSHIP PROGRAM TO FOREIGN INVESTORS IF THEY INVEST AT LEAST $ 400,000 IN OF THE APPROVED REAL ESTATE DEVELOPMENTS PLUS FEES IN THE COUNTRY AND MAY BECOME NEXT ST KITTS AND NEVIS 11TH JANUARY 2014 Could Bermuda become the next St. Kitts and Nevis? The Caribbean country of 50,000, has the oldest so-called citizenship by investment programme in the world. Since 1984, the programme has allowed foreign investors to acquire citizenship if they make economic contributions to the country. To qualify, an applicant must invest at least $400,000 (USD) in one of the approved real-estate developments, in addition to paying fees. Alternatively, the applicant could make a $250,000 contribution to the Sugar Industry Diversification Foundation – an economic development programme. Next week, Madeleine Sumption, a senior policy analyst at the Washington DC think tank Migration Policy Institute will make a presentation here on commercial immigration, where she will talk about models like St Kitts. The January 14 event will be hosted by the Ministry of Home Affairs. The OBA government has pledged to examine the idea of commercial immigration in order to foster economic growth.
Posted on: Mon, 20 Jan 2014 02:44:00 +0000