With this in mind and taking into account that the hurricane season has yet to run its course, Les Khan, CEO of the Citizenship by Investment Unit, wanted to do something that was going to make a significant difference and which would alleviate the suffering of those affected.
The government of St Kitts and Nevis was in agreement and in a meeting of the Cabinet on Friday September 23, 2017 they approved a Hurricane Relief Fund which is to be hosted by the Citizenship Investment Unit.
The investment product will see a proportion of the investment going into the Hurricane Relief Fund to be distributed upon application. Citizenship by Investment applicants will make a non-refundable contribution of USD $150,000.00 which will go into the Hurricane Relief Fund. The fees for agents and services providers will remain as standard.
The fund is open to families of between one and four persons and will remain open until the end of March.
It is hoped that the fund will grow sufficiently to be in a position to extend support to neighbouring countries in the Caribbean who have been affected this season's hurricanes.