BASSETERRE – The Government will move legislation to establish a regional Citizenship by Investment regulatory authority when the National Assembly convenes Friday, October 17, 2025.
Prime Minister The Hon. Dr. Terrance Drew will move the second reading of the Eastern Caribbean Citizenship by Investment Regulatory Authority Agreement Bill, 2025, during the Friday sitting at Government Headquarters.
The landmark legislation implements an agreement signed by five Eastern Caribbean nations in September 2025: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, and Saint Lucia. The Bill establishes a regional authority with oversight, regulatory, and enforcement powers across all participating CBI programmes.
The new authority will ensure programmes operate with enhanced transparency, accountability, and due diligence standards. The legislation introduces specific offences and penalties for violations, empowering the authority to enforce compliance and protect the integrity of the regional CBI framework.
This Bill represents a significant milestone in Prime Minister Drew’s reform agenda, launched after his administration took office in 2022. The reforms aim to modernize Saint Kitts and Nevis’ CBI programme through regional cooperation and strengthened governance.
The reform process involved extensive consultations with regional stakeholders and international partners, including the United States, United Kingdom, and European Commission. These collaborative efforts demonstrate the nation’s commitment to meeting rigorous international standards.
The Bill received its first reading on October 6, 2025. Friday’s proceedings will be broadcast live on ZIZ Radio 96 FM, TV Channel 5 in St. Kitts, Channel 98 in Nevis, and streamed at www.zizonline.com.