by Eulana Weekes
St. Kitts and Nevis (WINN): St.Kitts and Nevis is the first country in the Caribbean to pay dividends to citizens and residents from state assets; an initiative that was rolled out for the first time in December 2022.
Six months later, in June 2023, Pensioners, Pensionable Citizens and those not yet pensionable are expected to receive dividend payments for the second time. Payments will be made to the first batch of contributors, Pensioners and Pensionable citizens on June 21, which will be followed by subsequent batches in the coming days.
“Citizens and residents who received the first dividend payment need not reapply. That is, all applicants who received their initial dividend payment do not need to re-register. The second payment will be processed using the information used to disburse the first installment” according to a statement by the St. Christopher and Nevis Social Security Board.
Some individuals did not benefit from the initial disbursement of dividends in December 2022, and the Social security Board therefore, is encouraging insured persons to “apply via the online portal, which is available at www.socialsecurity.kn. This also applies to new contributors to Social Security who became eligible after November 30th, 2022. The online portal goes live on Friday, June 23rd, 2023, and closes on Sunday July 9th, 2023.”
In addition, “First time applicants are required to upload an image of a valid social security card and proof of accurate banking details. Where a social security card is unavailable, applicants are
encouraged to upload a picture of a valid passport or birth certificate. For more information contact the Social Security Board at 869-465-2535 or 869- 469-5245 or ask questions via Whatsapp at 869-662-8479 or 869-667-2535.”
The dividend ensures that citizens and residents benefit from the earnings of the St.Kitts and Nevis Citizenship by Investment Programme. The initiative was birthed by the Government to bring relief to the people, following the COVID-19 Pandemic.
