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Sunday, April 11, 2021
HomeNewsLocal NewsPM Harris: CBI Reduction A Limited-Time Offering

PM Harris: CBI Reduction A Limited-Time Offering

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St Kitts and Nevis (WINN): Prime Minister Dr. Timothy Harris announced several changes to the Citizenship by Investment (CBI) programme.

During his recently held press conference, Dr. Harris announced a price reduction for two of the options.

A family of four applying for citizenship will now pay US$150,000 dollars instead of US$190,000 dollars and persons interested in buying real estate in the federation will pay 2.5 percent less in stamp duties.

Dr. Harris reminded that the changes are limited-time offerings with a view to creating further demand for the Federation.

The Prime minister maintains that the changes will assist the government in furthering their social programmes currently in place.

He gave assurances that the rollout of the marijuana industry will be built out with a focus on job creation.

“…A Medicinal Cannabis Authority will be created in due course and its job will be largely to manage and regulate the industry. The government will ensure that priority is given to locals in the development of this industry. The Medicinal Cannabis Authority will be responsible for issuing various classes of licenses relating to cultivation, processing, transportation, dispensing, manufacturing, and export,” Dr. Harris said.

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