St Kitts and Nevis Excels In Solid Rule Of Law, Orderly CBI Programme

KUALA LUMPUR, May 22 (Bernama) – The comparatively high rule of law index ranking, along with a strict due diligence process make St Kitts and Nevis a great choice for investments through Citizenship by Investment (CBI) programmes.

According to a statement, CBI programmes are often evaluated based on security, protection of property and human rights as well as general stability.

The rule of law is particularly important for investors because it has a bearing on property rights, giving investors a guarantee that their property rights are upheld at all times.

The rule of law is a principle that is typically used to test the strength of a country’s system of laws. For countries like St Kitts and Nevis which offer CBI programmes, having favourable laws that are applied fairly is important because it enhances their capacity to attract more investors while upholding the integrity of their CBI initiatives.

Rule of law refers to the mechanisms, processes and institutional practices that support the equality of all persons before a country’s laws, which implies that the creation and enforcement of laws must be legally regulated so that no one is above the law.

In countries where the rule of law is strong, the application and adjudication of the law by governing officials are impartial. On the other hand, a weak rule of law is characterised by the consideration of class, economic or political status and relative power in the application of the law.

St Kitts and Nevis ranked 40 out of 139 countries in the 2021 Rule of Law Index, compared to last year in which the country ranked 39 out of 140 countries, indicating a slight increase.

Meanwhile, at a regional level, consisting of 32 countries in the Latin America and Caribbean region; the dual island was ranked seventh and fifth in 2021 and 2022, respectively.

The rule of law index measures how the rule of law is perceived and experienced globally. Rankings in the index are based on constraints on government powers; absence of corruption; open government; fundamental rights; order and security; and regulatory enforcement, among others.

-- BERNAMA