Grenada CIP Shattered Records in ’22: Backlog Alone Worth US$300m+
Grenada’s CIP set new records for applications, approvals, and revenues. The biggest new record of all, however, is the size of the backlog.
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Caribbean
Kawana Bay Developers “Open to Amicable Settlement” With Grenada But Say “Extensive” Damage Already Done
The Kawana Bay developers are going ahead with international arbitration, despite the Grenadian government’s willingness to negotiate.
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UK to “Increase Scrutiny” of Caribbean CIPs – Antigua Govt. Welcomes Audit
The UK will examine Caribbean CIPs to see if they pose security risks. Antigua & Barbuda’s CIU thinks it will hold up well to close scrutiny.
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Saint Lucia CIU Circular Highlights Caribbean CIPs’ Ongoing Struggle With Banks
Caribbean CIPs remain at the mercy of banks that are often unwilling to cooperate. Why are they not doing more to mitigate the problem?
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Saint Lucia CIP Cuts Minimum Investment for Real Estate, Introduces New Bond Option
The new regulations reduce the minimum investment for real estate, introduce a new bond option, and update a number of fees.
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Grenada Developer Attributes Rejected EC$10,000 Cash Gift for CBI Chairman to Cultural Misunderstanding
A Chinese developer’s gifting of a new-year’s red envelope with cash to the chairman of Grenada’s CBI Committee does not go over well.
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Big Changes to St. Kitts CIP: Donation Discount, Real Estate Projects to Lose Approval and Made to Re-Qualify
New, stricter rules for real estate, significant discounts for the SGF contribution option, a new fee schedule, and new investment options.
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More Than 90% of Secret Bay’s CBI Investors Wish to Retain Shares, Would Recommend Secret Bay to Others
“With 93.8% of shareholders stating their interest in retaining shares beyond the holding period, we believe we are on the right track,” said Gregor Nassief.
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Saint Kitts & Nevis Appoints New CIU-Boss Following Khan’s Departure
The new CIU chief says he plans to assess the status of the CIU, introduce new investment options, and redefine the program’s target clients.
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Saint Kitts’ Inaugural CBI Dividend to Citizens Will Amount to EC$250-500 Per Person
PM Drew also said “hundreds of millions of the CIP funds were abused by the previous administration,” thus reducing the profit margin.
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Grenada Govt. Projection of Near-Doubled CBI Revenue in 2023 Likely Too Conservative
Even if Grenada receives no new applications, it can still reach – and exceed – its target by merely processing its existing caseload.
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Les Khan Confirms His Resignation as Head of Saint Kitts & Nevis CIU
Meanwhile, Dominica’s incumbent DLP won 19 out of 21 seats in this week’s general election, which was boycotted by major opposition parties.
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Caribbean CBI Due Diligence: You Can Take it to The Bank
Thomas Anthony, former head of several Caribbean CIUs, outlines the delicate and crucial role the region’s banks play in CBI due diligence.
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Grenada CBI Application Volume Through the Roof in Q3, Nearly Triples Y-o-Y
Application volume for Grenada’s Citizenship by Investment Program, the only one in its region still open to Russians, is shattering records.
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“We Didn’t Have Much of a Choice”: St. Lucia CIU Boss on Suspension of Russian CIP Applicants
“We, fundamentally, have no issue accepting Russians,” says Saint Lucia CIU head Mc Claude Emmanuel in an exclusive interview with IMI.
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Strong-Arming Caribbean CIPs to Exclude Russians is Absurd, Unjust, and Unworthy
Caribbean CIPs are forced to fall in line with the demands of the bigger countries or face sanctions themselves, writes Nuri Katz.
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Saint Lucia Citizenship by Investment Program Re-Opens to Iranians
The program’s due diligence partners has assured the CIU that they are once more able to conduct adequate due diligence in Iran.
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Dominica CIP’s New Real Estate Fees and Dependents Definitions to Take Effect Next Week
No more sibling dependents, age restrictions on older dependents, and education requirements for adult children (unless unmarried daughters).
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In Cryptic Circular, Antigua & Barbuda CIU Re-Suspends Applications from Russians
Russians and Belarusians are excluded again. The suspension, moreover, will have retroactive effect, going back three weeks.
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Why Application Volume for Grenada’s Citizenship Program Has Grown 6 Years in a Row
Six consecutive years of growth and thousands of satisfied citizenship by investment clients bear testament to the program’s unique qualities.
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