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St Kitts has the biggest sovereign citizenship fund in the World

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St kitts citizenship fund

The twin island of St Christopher (St Kitts) and Nevis, which is the birthplace of citizenship by investment industry in 1983 has the biggest sovereign citizenship fund in the world, closely followed by Malta.

A Sovereign citizenship fund (SCF) is a model of sovereign wealth fundgenerated from the revenue of citizenship by investment schemes.  We have coined the world ‘citizenship fund’ because the revenues are generated from citizenship contributions, fees and other costs. The pot of funds are used for social, economic development of the country, building homes, schools and especially disaster management.

CBI programs have donation to public fund and making one time contribution to this sovereign fund qualifies foreign investors for citizenship. About 90% of the applications are known to pursue this donation route and only 10% invest in real estate or business projects.

The other common way of raising funds from public by governments is through the issue of government securities or bonds. After usually five years the entire funds are paid back to public with specific interest rates. The only difference with sovereign fund is the money is not paid back.

We will list some of the sovereign citizenship funds from CBI revenues

CBI CountrySovereign Citizenship FundContribution (onwards)Fund Revenues*
St Kitts and NevisSugar Industry Diversification Fund (SIDF)Hurricane Relief Fund (HRF)Sustainable Growth Fund (SGF)USD 250,000USD 150,000USD 150,000USD 630 millionUSD 180 million (from 1200 applications)No figures available
DominicaEconomic Diversification Fund (EDF)USD 100,000No figures available
GrenadaNational Transformation Fund (NTF)USD 150,000USD 65 million
VanuatuDSP/Contribution FundUSD 150,000USD 64 million (VT 7.1 billion  cbi revenues). No other figures available
Antigua and BarbudaNational Development Fund (NDF)UWI FundUSD 100,000USD 150,000USD 110 million (from 1112 CBI applications)No figures
MaltaNational Development and Social Fund (NDSF)EUR 650,000EUR 624 million (from 961 approved IIP applications)
CyprusNo such fund exists
MoldovaPublic Sustainable Development Fund (PSDF)EUR 100,000EUR 500 million (projected from 5000 applications)
MontenegroGrant Fund to be announedEUR 100,000 EUR 200 million (projected from 2000 applications)

* Approximate unofficial figures

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