Sunday, September 8, 2024

St.Kitts Publishes Regulations for Agents

The St.Kitts and Nevis Government has gazetted new regulations under Order SRO 20 of 2024 which came into force on July 8, 2024, with specific restrictions on advertising, publishing or dissemination of information in relation to the Citizenship by Investment Programme. Agents, promoters and marketing companies are subjected to following rules when promoting SKN CBI programme to clients..

  1. Referring to specific visa-free or visa-on-arrival countries and territories, or the number
    of such countries and territories, to which citizens of Saint Christopher and Nevis may
    travel without first applying for a visa.
  2. The use of the terms “second passport”, “golden passport”, “strong passport”, “sale of
    passports”, “buying passports”, “investment in passports”, or any other similar terms
    which suggest the sale of a passport.
  3. Overtly claiming that the grant of a passport of Saint Christopher and Nevis is part of
    the process of the Programme.
  4. The use of any photograph, photocopy, video or any other form of media displaying or
    depicting a passport or Certificate of Registration issued by Saint Christopher and Nevis.
  5. The use of any photograph, photocopy, video or any other form of media displaying the
    imagery of officials of the Saint Christopher and Nevis Government or the Citizenship
    by Investment Unit without express authorisation from the Saint Christopher and Nevis
    Government or the Citizenship by Investment Unit.
  6. Deliberate misrepresentation of the details of the Citizenship by Investment Programme,
    that are not in line with those mandated by the legislative framework, Government
    guidance or information as stated on the official CIU website, including but not limited
    to: the legally prescribed minimum contribution or investment amount, application fees
    payable to the Government, processing time, and the scope of eligible dependants.
  7. Falsely suggesting that an applicant may acquire citizenship through the Citizenship by
    Investment Programme at investment costs that are lower than the legally prescribed
    minimum investment amount.
  8. Associating “special offers” or “special discounts” or any other form of discounting
    to the Citizenship by Investment Programme.
  9. The misleading comparison of the Citizenship by Investment Programme with similar
    programmes through information that extends beyond precise fact.
  10. Suggesting that an Authorised Agent may affect the decision-making process of the
    Government with respect to Citizenship by Investment applications, including the
    processing time and outcome of an application.
  11. Referring to the number of applicants who successfully acquired citizenship through
    the Citizenship by Investment Programme and the country of origin of those
    applicants.
  12. The use of any improper marketing practice, including but not limited to aggressive
    marketing techniques, blast advertising, mass text, push messages, text alerts, or any
    other marketing practice which brings the Citizenship by Investment Programme into
    disrepute
Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment Journal. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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