Owner of the longest standing CBI programme, St Kitts and Nevis, takes top spot at this year’s annual CBI Index

Basseterre, Aug. 24, 2022 (GLOBE NEWSWIRE) — The Caribbean nation of St Kitts and Nevis tops this year’s CBI Index rankings for offering one of the best citizenship by investment (CBI) programmes in the world. St Kitts and Nevis was rated against 12 other countries with operational CBI programmes, which, in 2022, include Antigua and […]

Basseterre, Aug. 24, 2022 (GLOBE NEWSWIRE) — The Caribbean nation of St Kitts and Nevis tops this year’s CBI Index rankings for offering one of the best citizenship by investment (CBI) programmes in the world.

St Kitts and Nevis was rated against 12 other countries with operational CBI programmes, which, in 2022, include Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Lucia, Turkey and Vanuatu.

The CBI Index, published by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners, is a rating system designed to measure the performance and appeal of global CBI programmes across a diverse range of indicators and its purpose is to provide a rigorous and systematic mechanism for appraising programmes in order to facilitate the decision-making process for individuals considering them, and to bring value to the CBI industry

The primary methodological objective of the CBI Index is to isolate pillars that measure CBI programme features and jurisdictional desirability. The nine pillars that constitute this year’s CBI Index include: Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and, Certainty of Product.

The country received full marks – 10 out of 10 in the Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product pillars.

The Mandatory Travel or Residence pillar examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship.

St Kitts and Nevis, along with the rest of the Caribbean countries, does not have any travel or residency requirements for CBI applicants. This makes it easy for busy entrepreneurs to continue running their businesses and still be eligible to get their second citizenship while not having to fulfil any minimum stay requirements.

St Kitts and Nevis scored top marks for the Citizenship Timeline pillar – which looks at the average time taken for citizenship to be secured by the applicant – due to the Accelerated Application Process where for an additional fee, an applicant can obtain their citizenship within a maximum of 60 days instead of the standard processing time of approximately three months.

Ease of Processing measures the end-to-end complexity of the CBI application process. St Kitts and Nevis makes the process of obtaining citizenship easy and straightforward, the country has an official government website and a dedicated CBI unit. It has also done away with burdensome application requirements such as interviews, language, culture or history tests, proof of minimum business experience and evidence of the purchase of tangible or intangible assets.

The overall effortlessness of the application process is a particularly important component, and the promise of a smooth, hassle-free process can generate readiness to engage with a programme.

One of the areas where Caribbean nations really differentiate their programmes, is the area of due diligence. St Kitts and Nevis’ due diligence process is multi-faceted and is undertaken by the country’s CBI unit, law enforcement and external third-party due-diligence agencies from the UK and USA. This ensures that the process is stringent and comprehensive, applicants are required to provide either fingerprints or a biometric passport, police certificates from both an applicant’s country of residence as well as their country of citizenship and comprehensive supporting information in respect of an applicant’s source of funds.

The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application. St Kitts and Nevis retains a perfect score for their family friendliness as, in addition to a main applicant, they allow the applicant’s spouse, children under 18 and over 18 in certain circumstances, siblings, parents and grandparents of both the main applicant or their spouse to be included in an application.

St Kitts and Nevis’ CBI programme is one of the oldest in the industry, having been established in 1984, it assures investors of a certainty of product. The CBI Index measures certainty across five different dimensions: longevity, popularity and renown, stability, reputation, and adaptability – aspects which St Kitts and Nevis’ programme can tick off confidently.

In the 2022 CBI Index, the Freedom of Movement pillar measures the relative strength of each country’s citizenship based on three equally weighted factors: the number of destinations to which a country’s passport allows travel without restriction, the number of prime business hubs to which it provides access, and the degree to which a given citizenship provides settlement rights in other nations. St Kitts and Nevis scored a seven out of 10 in this area as it offers visa-free or visa-on-arrival access to 156 countries.

The Minimum Investment Outlay pillar measures one of the most practical and foremost considerations of CBI: how much capital is required for the investor to become an eligible applicant for the programme of their choosing.

St Kitts and Nevis offers one of the most affordable routes to alternative citizenship, and even though it ended its limited time offer of US$150,000 for a family of four at the end of December 2021, it did not impact its score, five out of 10, as the scores are based on minimum investments for a single applicant.

The St Kitts and Nevis CBI programme is a family-friendly route for those looking for a reputable and trusted programme that prioritises both applicants and its citizens – the stringent due diligence process upon application ensures that only honest hard-working families are approved. The citizenship can also be passed down to future generations, giving investors who want to leave a legacy, peace of mind.

Download the full CBI Index here, to get further insights into the CBI industry and a full evaluation of the CBI programmes of the 12 other jurisdictions in the rankings.

Attachment

St Kitts and Nevis PR
Government of St. Kitts and Nevis
+27828215664
nandi.canning@csglobalpartners.com

Nikkiso Clean Energy & Industrial Gases Group Wins Multiple Hydrogen Fueling Station Contracts in California and South Korea

TEMECULA, Calif., Aug. 23, 2022 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (“CE&IG”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is proud to be the recipient of multiple contracts to provide over a dozen Hydrogen Fueling Stations (“HFS”) to customers in California and South Korea. These stations, intended […]

TEMECULA, Calif., Aug. 23, 2022 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (“CE&IG”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is proud to be the recipient of multiple contracts to provide over a dozen Hydrogen Fueling Stations (“HFS”) to customers in California and South Korea. These stations, intended to be operational between Q4 2023 and Q2 2024, cover fueling stations for light-duty, heavy-duty, and transit fuel cell vehicles that need H35 and H70 dispensing.

“As an ambassador member of the California Fuel Cell Partnership (“CaFCP”) and core leader of cryogenic technology, Nikkiso is key in connecting the hydrogen ecosystem to advance the clean energy agenda,” said Peter Wagner, CEO of Nikkiso CE&IG.

“We are pleased to offer flexible and scalable commercial and technical offers where our customers need us the most: from equipment fabricator to turnkey EPC solutions,” said Joseph Pak, President of the Nikkiso Integrated Cryogenic Solutions.

The purchase orders have a combined value of almost US$60 million. Nikkiso has dedicated over 150,000 ft2 (14,000 m2) square feet of floor space to mass produce hydrogen fueling stations in Murrieta, CA, Escondido, CA, Busan, S. Korea, and Neuenbürg, Germany. Every station will be manufactured to comply with the local content requirements, including the Buy America Act for the US Hydrogen Hub market.

Starting with these hydrogen station projects, the Nikkiso Group aims to further expand their hydrogen-related business by strengthening their participation in the hydrogen supply chain and expanding into the global market.

About Nikkiso Clean Energy & Industrial Gases Group
Nikkiso’s CE&IG is part of the Nikkiso Co., Ltd group of companies. Nikkiso Co. is a $1.4B public company. CE&IG comprises five distinct functional units: Cryogenic Pumps (ACD, Nikkiso Cryo), Process Systems (Cosmodyne), Heat Exchanger Systems (Cryoquip), Cryogenic Services (through 20 global facilities) and Integrated Cryogenic Solutions (providing centralized management of products and project development). In 2020, CE&IG expanded its capabilities further with the acquisition of what was GP- Strategies’ Alternative Fuels Division. This addition provides yet another major manufacturing facility in Southern California. Acknowledged as a market leader in the design, engineering, manufacturing, construction and maintenance of Cryogenic infrastructure, this facility offers full in-house capabilities from engineering & permitting through manufacturing, construction, and maintenance.

For over 50 years, Nikkiso has been a leader in the Clean Energy industry and are leading the change to a healthier world. With our hydrogen fueling technology, Nikkiso has become a leader in the evolving hydrogen revolution, including a project on the world’s first LH2 bunkering facility. For more information visit www.NikkisoCEIG.com.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

Pakistan reports 217 new Covid-19 cases, 2 more deaths

Two more people have died of Covid-19 in the country during last 24 hours; whereas 116 patients are in critical condition. According to the National Institute of Health, 217 new cases have been reported from across the country during the period. It sai…

Two more people have died of Covid-19 in the country during last 24 hours; whereas 116 patients are in critical condition.

According to the National Institute of Health, 217 new cases have been reported from across the country during the period. It said 11,285 tests were conducted.

Source: Radio Pakistan

MPAs call on Punjab Governor in Lahore

Members Provincial Assembly (MPAs) from different districts called on Governor Punjab Muhammad Baligh Ur Rehman and discussed matter of mutual interest during a meeting at the Governor’s House.Speaking on the occasion, Punjab Governor Muhammad Baligh U…

Members Provincial Assembly (MPAs) from different districts called on Governor Punjab Muhammad Baligh Ur Rehman and discussed matter of mutual interest during a meeting at the Governor's House.

Speaking on the occasion, Punjab Governor Muhammad Baligh Ur Rehman said that serving Allah's creatures was the best way to please Allah Almighty.

He said that PML-N believed in serving the masses and had always taken steps for the welfare of common man.

The Governor said it should be our priority to ensure public service as per party vision and policy.

He further emphasized that the members of provincial assemblies should develop strong connection with the public.

Source: Radio Pakistan

PM appeals nation to donate generously in flood relief fund

Prime Minister Muhammad Shehbaz Sharif has appealed the nation to donate generously in the fund established for the rehabilitation of flood affected people in Balochistan.In a statement on Tuesday, the Prime Minister said if the whole nation moves forw…

Prime Minister Muhammad Shehbaz Sharif has appealed the nation to donate generously in the fund established for the rehabilitation of flood affected people in Balochistan.

In a statement on Tuesday, the Prime Minister said if the whole nation moves forward for contributions in relief fund, we can be successful in rehabilitating the victims many times faster.

Shehbaz Sharif said for this purpose we all are working together round-the-clock with full cooperation of provincial governments, federal and provincial institutions and armed forces.

He said 37.2 billion rupees have been allocated and being provided to the flood victims. The Prime Minister said he has directed to immediately release an amount of five billion rupees to NDMA to speed up rescue, relief and rehabilitation measures.

The Prime Minister said we are providing one million rupees to family of the deceased while for the rehabilitation and treatment of injured, every family is being provided with 25000 rupees. For this purpose, over 80 billion rupees are needed.

Appreciating spirit of the nation for donating generously in 2005 earthquake and 2010 floods, the Prime Minister said same spirit is need of the hour to help the affected brothers.

Source: Radio Pakistan

FM Bilawal visits flood-hit areas of Larkana

Foreign Minister Bilawal Bhutto Zardari along with Chief Minister Sindh Syed Murad Ali Shah visited the flood affected areas in Larkana.The Chief Minister briefed the Foreign Minister about ongoing relief activities in the flood affected areas of Larka…

Foreign Minister Bilawal Bhutto Zardari along with Chief Minister Sindh Syed Murad Ali Shah visited the flood affected areas in Larkana.

The Chief Minister briefed the Foreign Minister about ongoing relief activities in the flood affected areas of Larkana.

On this occasion, the Chief Minister said devastating flash floods and very heavy unprecedented rains in Larkana Division caused heavy losses to masses.

He directed Commissioner Larkana Division Ghanwer Khan Laghari to impose an emergency in Larkana division.

Source: Radio Pakistan

Flash floods kill 20 in Afghanistan

At least 20 people have been killed and 35 injured in flash floods in central Afghanistan.A disaster management official said the heavy rain destroyed thousands of homes and damaged agricultural land in Logar province.Taliban spokesman Zabihullah Mujah…

At least 20 people have been killed and 35 injured in flash floods in central Afghanistan.

A disaster management official said the heavy rain destroyed thousands of homes and damaged agricultural land in Logar province.

Taliban spokesman Zabihullah Mujahid in a video message appealed to the international community, especially Islamic countries and humanitarian organizations, to urgently help Afghanistan in providing relief to the floods victims.

Source: Radio Pakistan

US says ‘encouraged’ by Iranian response to nuclear deal proposal

The United States says it was encouraged that Iran appears to have dropped some of its demands in responding to a proposal to revive its nuclear deal.US State Department Spokesperson Ned Price talking to reporters in Washington stressed that US is work…

The United States says it was encouraged that Iran appears to have dropped some of its demands in responding to a proposal to revive its nuclear deal.

US State Department Spokesperson Ned Price talking to reporters in Washington stressed that US is working to quickly secure a mutual return to compliance with the agreement.

He said the United States is formulating a response to Iran’s reply to the European Union-led proposal and will convey it after internal consultations and talks with allies.

Price said that there are still some outstanding issues between the parties that must be resolved and gaps bridged.

Source: Radio Pakistan