Developers Promoting Grenada’s New Price Option Without Prior Approval Subject to Penalties, CIU Warns

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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Euro-Parliament Votes to Endorse “Phasing Out” of RCBI in Europe: “Not the Right Answer,” Says IMC

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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Savory & Partners No Longer an International Marketing Agent in Saint Kitts

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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Grenada CIP Leaves Nothing to Chance in New CBI-Discounting Prevention Regulations

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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Montenegro Sets Deadline for April 1st in 2nd Attempt at Picking Due Diligence Providers

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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