FY2021 Was Multi-Record Year for Saint Lucia CIP: Real Estate Biggest Earner, US Applicants Up 10x
Applications, approvals, passport issuances, and investment all more than doubled and set all-time highs. US applicant approvals rose 900%.
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Caribbean
Dominica’s Secret Bay Celebrates 10-Years, Gets Praise for Bringing Luxury Hospitality to the Island
“Secret Bay has helped us tap into our true potential as a nature haven,” said Dominica’s Prime Minister Roosevelt Skerrit during his address.
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Antigua PM: Some CBI Developer Business Models “Usurious”, “Vulgar” in Structure
“You have to incentivize them so heavily that the net amounts received by the governments would be reduced considerably,” said PM Browne.
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Saint Kitts & Nevis PM Persists in Withholding CBI Data, Even From His Own Cabinet, Says Special Report
PM Harris declined to share the financial data even as his cabinet ministers threatened, and eventually brought, a motion of no confidence.
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Grenada CIP Momentum Continues in 2022, Another Record Year Likely, Q1 Figures Indicate
Grenada raised some EC$90m during the first quarter of the year, two-thirds of it from real estate investors, hinting at another record year.
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Dominica Bans Syrians, Kurds from Applying for Citizenship by Investment Program
No Syrians, no Kurds, and no explanation from the Dominica CIU. Iranians, however, are once more welcome to apply for citizenship.
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Wall Street Journal Features Secret Bay’s $10.3m Multi-Villa Compound As Most Expensive Residential Estate in Dominica
Priced at $10.3 million, the compound is expected to be completed in 2023.
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Grenada CIP Breaks All Previous Records in 2021 as Revenue Tops US$100m
Grenada’s CIP recorded yet another all-time revenue high in 2021 (for the fifth year in a row) while also breaking a litany of other records.
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CBI Billions: Nevis Premier Discloses 2007-21 Saint Kitts CBI Income, Laments Nevis’ Small Share of Same
Thanks to an ongoing political dispute in Saint Kitts & Nevis, a complete historical account of the country’s CBI earnings is now available.
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Ending CBI is “Not an Option” and Antigua Will “Fight it to the Bitter End,” Says Foreign Minister
Foreign Affairs Minister Greene expressed determination not to give up on CBI in the face of pressure from Europe and the US.
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Antigua Proposes Pan-Caribbean CIP Regulator and Focus on Residency to Forestall EU Concerns
“It will be to demonstrate, over and above anything else, our intent to be compliant and sympathetic,” to EU concerns, said the government.
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Full House: St. Lucia Becomes 5th Caribbean CIP to Suspend Russians, Belarusians
Two weeks after Dominica’s CIP became the first in the Caribbean to suspend Russians and Belarusians, Saint Lucia becomes the 5th and final.
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Secret Bay Launches Phase 3 Sales, Featuring New, Larger Villas And Three New Biophilic Amenities
The release comes on the heels of Phase 2 selling out as demand continues to rise for a luxury ‘Plan B’ option with a proven track record.
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Antiguan PM Writes to EU, US Lawmakers to Stress CBI’s Importance to Caribbean Economies
PM Browne says EU and US lawmakers are effectively forcing Caribbean countries to choose between CBI and visa-free travel to Schengen.
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4 of 5: Grenada Citizenship by Investment Program Suspends Russian, Belarusian Applicants
Russian and Belarusian applicants remain welcome under the CIPs of Turkey, Montenegro, and of Saint Lucia, the final Caribbean hold-out.
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St. Kitts Suspends Russian, Belarusian Applicants – Saint Lucia, Grenada, Turkey Remain Open
Saint Kitts & Nevis becomes the third Caribbean CBI country to explicitly suspend Russian and Belarusian applicants.
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Caribbean CIPs Issue Suspensions on Russians, Belarusians, And Even Ukrainians
Russian applicants are now suspended from three Caribbean CIPs, Belarusians from two, and Ukrainians from one.
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El Salvador Citizenship by Investment Program Could Open by Spring, Bukele’s Tweet Indicates
Salvadorian President Bukele introduces legislation to enable citizenship by investment. Katie the Russian volunteers to help design the CIP.
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Panama Investor Visa Approvals Up 106% in 2021: Friendly Nations Visa Apps. Surged Ahead of Deadline
Panama has more than a dozen kinds of investor visa. Qualifying for most of them has become more expensive, but applicants are not deterred.
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Antigua & Barbuda CBI Applications Up 36% in 2021 – Govt. Revenue Reaches US$46m
Applications and revenues are up sharply on the year. The figures indicate virtually no applicants are choosing investments over donations.
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