BASSETERRE, Saint Kitts and Nevis, Dec. 17, 2022 (GLOBE NEWSWIRE) — Michael Martin has been appointed to take the helm at St Kitts and Nevis’ Citizenship by Investment Unit and lead the evolution of the country’s investment migration programme.
The twin-island nation has begun to improve its Citizenship by Investment Programme so that it can continue to be a benchmark in the global investor migration industry.
The Prime Minister welcomed Martin at an event at the Citizenship by Investment Unit and expressed his excitement as Martin’s appointment, which comes at a time when the country is evolving its Citizenship by Investment Programme so that it not only attracts intelligent investors but benefits local citizens as well.
Martin was also praised by the Prime Minister as a candidate who can help the nation realize its goal of creating a program that will lift the Kittitian, Nevisian societies through investment options that provide tangible value and enrich international investors.
At the briefing, the new Head of the Citizenship by Investment thanked the Prime Minister for trusting him with “this very important assignment” and expressed his excitement of taking on the new task.
Martin also stated that a situational analysis would be conducted to assess the status of the Unit and determine the best way forward to “maximize efficiency and effectiveness”.
“This is a very important operation for the development of the nation and the people of the county. We will need to rebrand the programme and refocus it, as well as define our strategic goals and create new investment options that align with those goals. ”
It is expected that the Citizenship by Investment Programme will undergo significant changes. Martin spoke out about the strategic plans that he has for the Unit and reiterated the fact that his focus is on improving the country. “We will be looking at emerging markets and redefining our target client. There must be some exclusivity to it,” he added.
St Kitts and Nevis welcomed a new administration in August who is working tirelessly to revamp the country’s citizenship by investment programme. The third iteration of the program’s evolution is now underway. After 40 years of research and development, the St Kitts and Nevis government is using creativity and braveness to ensure the programme reaches the modern age.
Martin is a Kittian who has strong financial skills and has extensive experience in compliance and strategic planning. Martin is considered the man who will bring more stability to CBI Unit. He will have greater administrative and legislative oversight.
Martin’s past experience as a service provider in the investment migration industry and his local roots make him the right candidate to understand what our external stakeholders require from us as well as knowing how we can use this programme to uplift our people.
Martin will manage a team consisting of focused and efficient experts. This will allow the programme to increase processing efficiency and accuracy. It will also maintain strong due diligence processes, so that only the most qualified investors are accepted.
St Kitts and Nevis’ Citizenship by Investment Programme will be underpinned by three fundamental principles including sustainability, good governance and pragmatism.
St Kitts and Nevis is the envy of the international community because of its high level of integrity and administrative improvement.
This Programme will be structured to ensure greater transparency and accountability. These are hallmarks of a good governance structure that strengthens the foundation for any Citizenship by Investment Programme.
Investment options should be tailored to match market realities. However, they must also preserve the platinum brand St Kitts and Nevis developed and nurtured over four decades. It is the oldest investment program in citizenship.
Martin has held top management positions at several companies, including National Caribbean Insurance Company, National Bank Trust Company and Sagicor Life Inc. Martin was previously a director of the Insurance Association of the Caribbean and Honorary Secretary of the Brimstone Hills Fortress National Park Society Council of Management. He also served as a director of First Federal Cooperative Credit Union.
He has a degree from the University of Toronto. International Compliance Association And Manchester Business SchoolInternational Trust Management Certificate from the Society of Trust and Estate Practitioners A certificate in Managing Financial Services, issued by the University of the West Indies.
The St Kitts & Nevis citizenship by investing programme was created in 1984. It remains one of most sought-after programmes in its field. This program continues to be highly regarded, and has been ranked first in the “Best Investment Programs” category. CBI IndexA comprehensive ranking system for evaluating operational citizenship through investment programs around the globe.
St Kitts and Nevis continues to be supported by a multi-layered due diligence process in partnership avec top due diligence firms of the United Kingdom and United States.
CS Global Partners