“Red light” to investors from Iran. St. Kitts & Nevis imposed sanctions on Iranian investors to suspend them from the Citizenship-by-Investment Programme.
On November 30, 2011, Wednesday, the Government of St. Kitts & Nevis publicly announced the immediate suspension of Iranian investors from participation in its Citizenship-by-Investment Programme. Restriction applies to nationals of Iran and their families residing on the territory of Iran. They are no longer allowed to apply for St. Kitts and Nevis citizenship as investors from other countries.
Prime Minister and Minister of Finance, The Right Hon. Dr. Denzil L. Douglas announced at his monthly Press Conference: “Our Economic Citizenship Unit of the Ministry of the Office of the Prime Minister has taken a decision to suspend any granting of St. Kitts and Nevis citizenship to Iranians who are living in Iran at the point of their application for investment in the Economic Citizenship Programme“. He also clarified: “We do this in strong support of the unfolding events coming from the international community in observing what is happening in Iran. We are a country friendly to all and enemy and hostile to none“.
It was definitely emphasized that Saint Kitts & Nevis is a politically loyal and investment friendly state. Nevertheless, the country cannot stay aside from global concerns of international community and has to suspend nationals of Iran from the citizenship program due to political reasons.
We would like to remind our customers and investors of a similar economic citizenship program existing in the Commonwealth of Dominica. St. Kitts & Nevis and Dominica are the only two countries in the world that officially have this type of citizenship program, with no analogues in other countries.