St Kitts & Nevis citizens are set to receive a second round of dividends as part of the Citizenship by Investment COVID-19 Relief Payment. These dividends constitute a share of the profits and retained earnings derived from the country’s Citizen by Investment (CBI) Program.
The payment process is scheduled to commence on Wednesday, June 21, 2023. Previously, the first payment was made in December 2022 as an integral part of the COVID-19 relief initiatives undertaken by the St. Kitts-Nevis Labour Party Administration.
The distribution of the CBI dividends will be facilitated by the Saint Christopher and Nevis Social Security Board, and it will be divided into two categories. The first category encompasses pensionable and pensioners, while the second category encompasses those who are not yet eligible for pensions.
The St. Kitts-Nevis Labour Party Administration is working towards fulfilling campaign promises to citizens and residents by providing more ways to accumulate wealth. The Prime Minister of St Kitts & Nevis, Dr. Terrance Drew, believes that a financially literate population will benefit significantly from the government’s efforts. During the first disbursement in 2022, he stated, “I invite all of you to become financially savvy and join our Administration in creating a wealth-conscious society as your government moves forward in creating avenues and opportunities for wealth accumulation.”
