The Investment Migration Knowledge Platform
Following the introduction of its US$220,000 real estate co-investment solution on March 18th, the Grenada CIU reiterates that the new price option is only available to developers that have received advance written approval, and cautions that those found to promote the new price prematurely will be subject to review and possible penalty.
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Carlyle Rogers asks whether it may be time to end the practice of Caribbean political leaders going on “beauty parades” to promote their CIPs.
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Indian immigration attorney Prashant Ajmera explores the ten factors that have held the Indian investment migration market back, until now.
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The investments proposed to be eligible for the Fast Track will make a Bulgarian CBI solution somewhat similar to the US EB-5 program.
Read moreWelcome to CBI Real Estate Watch, the unique, community-driven platform for keeping track of the approved projects of citizenship by investment programs.
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Ernest Hilaire, a prominent opposition MP in Saint Lucia, asks how Galaxy Developers got approval to be a developer under his country’s CIP considering its inability to finish the Ramada project in Saint Kitts.
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The European Parliament today voted to adopt the TAX3 Committee’s February report calling for a “phasing out” of RCBI in Europe. The IMC has reacted with disappointment, calling instead on MEPs to support its work in raising industry standards.
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Following unconfirmed reports last week, Range Developments has today officially announced that it will be developing several projects in Grenada’s
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Head of Montenegro’s Secretariat for Development Projects, Dejan Medojević, says he expects to begin receiving applications for the country’s CIP “by the end of this year” and that the program itself will be “fully in place” by 2020.
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Lawyer Julie Nguyen points to a lack of empirical evidence and unclear methods employed by the OECD in its crafting of a list of “High Risk RCBI Schemes”.
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Contrary to protestations made by some, the OECD does not care about money laundering, due diligence weaknesses, terrorist financing, and fraud concerns regarding RCBI programs, writes Carlyle Rogers.
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In a brief statement to Investment Migration Insider today, Savory & Partners expresses disappointment with the Saint Kitts & Nevis CIU’s public announcement yesterday.
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In a notice circulated yesterday, the Saint Kitts & Nevis CIU informs stakeholders that Savory & Partners is no longer a registered International Marketing Agent and may no longer submit applications to the country’s citizenship by investment program.
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In a follow-up circular to this week’s announcement that the Grenada Citizenship by Investment Programme had lowered its real estate investment requirement to US$220,000, the program’s CIU makes it clear that the practice of discounting CBI-real estate will not fly in Grenada.
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Improving intake faster than any other CBI destination, Vanuatu has seen income from its two citizenship programs triple in a single year.
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Heads of government in the region fully endorsed the JRCC’s calls for harmonization of the region’s citizenship by investment programs.
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Having rejected the applications of all 13 prospective due diligence providers for the Montenegro Citizenship by Investment Program, the Secretariat for Special Projects calls on candidates to submit their applications – this time filled out to the letter – before April 1st.
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The IMC confirms that Portuguese Socialist MEP, Ana Gomes – the European Parliament’s most fervent opponent of investment migration – will attend their annual conference in Geneva this June.
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In a rule-change gazetted today, the Government of Grenada announces that the minimum investment requirement for the real estate option of the country’s citizenship by investment program is reduced from US$350,000 to US$220,000.
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During the two-year fiscal period of 2014-15, the US EB-5 program accounted for some $11 billion in capital investments in
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