Dominica to Spend US$60 million of CIP-Savings on Land for New Airport

Speaking at a Town Hall meeting in Canada, Dominica’s Prime Minister Roosevelt Skerrit said his government is currently in the process of acquiring land for the construction of an international airport on the island, Dominica News Online reported on Tuesday. The estimated cost to acquire the land in the Woodford Hill, Wesley area, located in the northeastern

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Grenada’s New China Extradition Bill Aims to Strengthen CIP

Grenada, the country with the only citizenship by investment program in the world that offers visa-free access to China, passed in Parliament on Friday, an Extradition Treaty Bill that would make it easier for the island nation to extradite criminals (including CBI passport holders) to China, writes Grenadian-based The New Today. China is expected to pass the

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Former St. Lucia PM Sues to Stop CBI-Financed Project

Former Prime Minister Dr. Kenny Anthony said, on Friday, he had filed a claim in the High Court against the government of St. Lucia regarding the agreements reached with Desert Star Holding Ltd. (DSH), the Hong Kong-based developer behind the CBI-financed project. The claim seeks declarations from the court that the agreements between the government

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St Lucia CIU-Boss “Not Losing Any Sleep” Over CBI-Index Ranking

In a recent interview with the St. Lucia Star, Nestor Alfred, CEO of the St. Lucia Citizenship by Investment Unit (CIU), expressed strong disagreement with his program’s ranking in the so-called CBI Index. “I refuse to lose sleep over such a ranking from the Professional Wealth Management team. For me, it’s irrelevant,” he said. The index

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UAE Announces Golden Visa for Retirees

In a significant policy shift, the United Arab Emirates (UAE) will allow existing foreign residents (above the age of 55) to obtain extended residency visas after they retire, Bloomberg reports. The new law, which will come into effect in 2019, is intended to boost the economy and nurture the long-term growth of the oil-rich nation.

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Euro. Commission Will “Insist on Genuine Links” for Malta’s Economic Citizens

In an interview published yesterday on NewsBook, European Commissioner for Justice, Vera Jourova, revealed some of the details to be included in the Commission’s guidelines for citizenship by investment to EU countries, due this fall. “[…]we want to issue a new recommendation to the states to increase the due diligence, the checking of the people

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MIIP Funds Charity for Children with Cancer: An Attempt to Justify the Program, Says Opposition

Malta’s Individual Investor Programme (the MIIP) will help Puttinu Cares – a Maltese support group for children with cancer – provide free accommodation to Maltese patients and their families traveling to the UK for treatment at the Great Ormond Street Hospital, the Malta Independent reports. The MIIP has already provided €1 million in financial contributions

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