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Jun 20
St Kitts Kittitian Hill - A Citizenship by Investment Approved Development names Hotel

The new boutique hotel at Kittitian Hill has been named.

It is to be called Belle Mont Farm. It is located on Kittitian Hill’s 400-acre tropical fruit farm and will be managed by Sedona Resorts.

Senior Project Manager Mr. Jack Geier told the Communications Unit in the Office of the Prime Minister (CUOPM) on Thursday the 84 rooms (cottages) will be completed in time for opening between December 1st and 15th 2013.

He said there is also a villa component called Yaya Groves and an 18-hole golf course designed by Welsh professional golfer Ian Woosnam called Irie Fields will be fully grassed.

The property, which first broke ground in 2010, is billing the course as the world’s “most edible golf course,” as it will be located within organic farmland.

Kittitian Hill plans to open a larger, standalone spa called Mango Walk Spa in 2014.

According to Mr. Geier some 350 local Kittitians are employed by several local contractors.

“We have paid out US$6.2 million to local contractors since the start of the project,” said Mr. Geier.

He disclosed that Sedona representatives are presently on St. Kitts and recruitment will soon begin.

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Jun 23
St Kitts Nevis Prime Minister indicates that local banks are well capitalized

In a recent  budget address the Prime Minister of St. Kitts Nevis  Dr Denzil Douglas indicated that although the global financial markets remain uncertain, our commercial banks remain well capitalized and poised to make a significant contribution to our future development. As of December 2012, the assets held by the commercial banks totalled $5.5

billion, representing a 3.2% increase over the $5.3 billion recorded at the end of 2011. During the year under review, deposits grew by 9.0% to $3.7 billion while loans and advances contracted by 1.6% to $2.5 billion. The approval of loans and advances remained subdued as a result of the very cautious stance of banks and the slow rate of recovery in the Construction Sector during 2012.

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Jul 06
St Kitts Nevis Prime Minister explains Citizenship by Investment Due Diligence Process

The Kitts and Nevis’ Prime Minister the Rt. Hon. Dr. Denzil L. Douglas says international reputable agencies are involved in screening applicants for economic citizenship.
Dr. Douglas was at the time defending the government’s economic citizenship programme that allows foreigners to obtain citizenship through its “St Kitts Citizenship by Investment” programme established in 1984.
Persons who obtain Citizenship by Investment and a St Kitts and Nevis passport are allowed  to travel visa-free to numerous countries around the world, Dr. Douglas said he’s confident the travel document will not end up in the “wrong hands” and thus lead to the imposition of visa requirements for St. Kitts and Nevis nationals seeking to enter Canada.
Citing criminality, security and border integrity concerns posed by their controversial economic citizenship programme, the Canadian Government enforced visitor visa requirements on Grenada and Dominica 12 years ago for selling passports to anyone who could afford to purchase the travel document.
“We are very much concerned about security and that is why we have reputable international agencies that do the screening,” said Dr. Douglas at a press briefing carried by Share, Canada’s largest ethnic newspaper.
“We are very concerned that our jurisdiction can be tainted if the checks are not in place. We have a citizenship programme that’s very attractive and a number of countries support our programme, including those in the European Union that allow our citizens to travel visa free within their territories,” Prime Minister Douglas said.
“Canada has also traditionally allowed our citizens to travel without a visa. We want to safeguard that, so the government and out Citizenship Investment Unit work closely to ensure that those traditional relationships are in no way affected as a result of the citizenship programme.”
Applicants for Economic Citizenship must present police records for each of the countries that they have lived in over a 10 year period

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