Around three hundred stakeholders, locally, regionally and internationally, huddled at the Caribbean Investment Summit 2018 which was held in St. Kitts Marriott Resort.
The 2018 summit, brought together high-profile government officials from the five Citizenship by Investment (CBI) jurisdictions in the Caribbean, namely, Antigua and Barbuda, Commonwealth of Dominica, Saint Lucia, Grenada and host St. Kitts and Nevis. Government representatives from Malta and Cyprus, two southern European countries that offer economic citizenship programs, as well as developers, service providers, international marketing agents and potential investors were in attendance.
Some other key stakeholders in various fields such as banking, due diligence, risk management and cybersecurity, cryptocurrency and real estate also headed to St. Kitts and Nevis to attend the three-day summit.
Speaking of the summit, Prime Minister of St. Kitts and Nevis, Dr. the Honourable Timothy Harris, stressed the fact that the Caribbean Investment Summit provides a one-of-a-kind opportunity for regional leaders. This great opportunity entitles the leaders to focus efforts on harmonising their CBI programs. At the same time, they can ensure that relevant structures are in place for improving solidarity among the jurisdictions.
“As the market continues to grow amid political and economic tensions, the industry must take a holistic approach to ensure its longevity, and in doing so, must provide the appropriate form to engage and stimulate the growing numbers of industry participants,” Prime Minister Harris stated at a previous press conference.
Prime Minister Harris highlighted the unprecedented opportunity for developers and potential investors coming to the country to experience first-hand the countless opportunities available in the twin-island Federation.
Dr. the Honourable Timothy Harris delivered the keynote address during the summit, whereas CEO of St. Kitts and Nevis’ Citizenship by Investment Unit (CIU) and Chairman of the Citizenship by Investment Programs Association (CIPA), Mr Les Khan, led discussions on the topic “The Caribbean Model for Unity”.
Such topics as embracing new technology for better CIPs, key approaches to sustainable development and collaboration for a common cause; responsible conduct for service providers, were also discussed on the sideline of the summit.