In a historic breakthrough for intergovernmental relations, the Nevis Island Administration (NIA) and the Federal Government of St. Kitts and Nevis have finalized a comprehensive agreement regarding revenue distribution from the Citizenship By Investment (CBI) Programme. The landmark arrangement was formally announced by Premier Honourable Mark Brantley during his 2025 Budget Address delivered before the Nevis Island Assembly on December 2, 2025.
The negotiated settlement establishes that Nevis will receive 25% of all CBI-generated revenue, effectively implementing the long-advocated population-based proportional sharing model that the Nevisian government has consistently pursued. This resolution addresses what had been a persistent and contentious fiscal dispute between the two administrations.
Supplementing this percentage allocation, the Federal Government has committed to providing $4.8 million in grant funding to further bolster the NIA’s financial resources. Premier Brantley, who concurrently serves as Minister of Finance, emphasized that these developments represent a significant milestone in fiscal cooperation between Nevis and the federal authority.
Despite this achievement, the Premier adopted a cautiously conservative approach in his revenue projections for the upcoming fiscal year. He noted the substantial regional slowdown affecting CBI programs industry-wide, with projected revenues falling considerably below previous years’ performances. Accordingly, the NIA has budgeted approximately $35 million from its CBI share—a substantial reduction from the $66 million previously received—while anticipating a combined total of roughly $39.8 million when incorporating grant remittances.
Premier Brantley confirmed that Nevis has already begun receiving its designated 25% allotment, while expressing measured optimism that actual revenues might exceed current projections, potentially providing additional resources for government operational expenditures.