Opinion: A Year of Deception and Discrimination for Retroactively Rejected St. Kitts CBI Applicants
Saint Kitts officials claim the refund-troubles arose from decisions of the former administration. That is not true, writes Maxim Zharkov.
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Caribbean
(Updated) “This International Scam Ends Now”: Movie Producer to Sue Former St. Kitts CBI Authorities in US Court
“We have incontrovertible evidence of corruption, and we are going after everyone,” says Martinez about his plans for suing in US court.
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Processing Delays a Result of “Financing and Discounting Schemes of the Past,” Says St. Kitts CIU Boss
In an exclusive interview with IMI, St. Kitts & Nevis CIU boss Michael Martin chalks up the delayed refunds to “budgetary adjustments.”
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Saint Kitts to Refund Applicants From Sanctioned Countries
Individuals denied citizenship despite paying for it will finally get their money back.
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Grenada On Track to Raise More CBI Funds in 2023 Than in Previous 4 Years Combined
2023 is, by any measure, already a year of extreme records for Grenada. And that’s before the CIU has processed its backlog worth US$450m.
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How Record CBI Revenues are Fueling Grenada’s Economic Development
Two-thirds of recent capital projects at Grenada’s Ministry of Social Development and Housing were directly financed by the program.
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No Passport and No Money Back: Retroactively Rejected Saint Kitts CBI Applicants Start Petition
Despite gaining approvals and making donations, applicants were retroactively rejected due to their nationalities and are not being refunded.
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Russians Account for 90% of Grenada CBI Applications in 2023, Reveals Program Chairman
While it was always assumed Russian applicants had driven the program’s meteoric rise, the extent of their impact is only now becoming known.
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The 3 Ways Caribbean Citizenship Programs Could Respond to Saint Kitts & Nevis’ Price Hike
The remaining Caribbean CIPs have three ways to respond: James Nuveen explores the potential implications of each type of reaction.
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Will Other Caribbean CIPs Follow St. Kitts and Raise Prices? Here’s What the CIUs Are Planning
The question on everyone’s mind is if other Caribbean CIPs will raise prices like Saint Kitts. IMI contacted each to get an answer.
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Grenada CIP: Revenue Up 213% From Last Year, US$133M Invested in Real Estate Since January
With half a year to spare, Grenada’s CIP has already set a new annual revenue record of EC$573m, two-thirds of it in the form of real estate.
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Grenada De-Certifies 5 CBI Real Estate Projects Over Failure to Start Construction
Develop or get de-certified. That is the message Grenada’s CIU is sending approved real estate developers with this round of culling.
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St Kitts CIP Doubles Min. Investments, Addresses Rumored EU Demands Point by Point
Minimum investment doubled in most categories; in-person document collection; new limits on marketing methods; all effective immediately.
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EU Told Caribbean PMs They Will Cut Visa-Free Schengen Access “Shortly”, Claims Saint Vincent PM
One prime minister of a Caribbean CBI country who had attended the meeting, Gonsalves said, told him that “it’s the end of the road.”
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EU Agrees to Form Committee With OECS to “Discuss and Structure” CBI Programs
Kittitian PM Terrance Drew reports that during a recent summit in Brussels, the EU agreed to form a committee with OECS on the CBI question.
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Iranian Families of 4 Now Subject to Enhanced DD Fees of Up to $70,000 in Dominica: Other Nationalities Next?
Agents with Iranian clients last week scrambled to submit files before Dominica’s introduction of “enhanced due diligence” fees on Monday.
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First Data Batch in 3 Years Reveals Antigua & Barbuda CIP Now Caribbean’s Least Popular Program
Antigua & Barbuda has released the first statistical report on its CIP in more than three years. Figures show the program has fallen behind.
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Caribbean CBI Real Estate: Off-Island Escrow Accounts Raise Concerns
If the CBI developer itself funds the escrow account, how does the CIU know the CBI applicant actually invested the full amount?
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Having Shattered All Records in 2022, Grenada CIP Breaks Them Again in Q1 2023
While processing is starting to catch up, Grenada still had a backlog of 1,451 applications worth half a billion (!) USD at the end of Q3.
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Antigua, St. Lucia, and St. Kitts Gain Visa-Free Access to Canada (With Exceptions)
Many Saint Lucians, Kittitians, and Antiguans will no longer need apply for visas before visiting Canada – presuming they fly in.
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