Grenada Publishes Sweeping Amendments to its Citizenship by Investment Act

Grenada’s government has just published a wide set of amendments to its Citizenship by Investment Act of 2013. No citizenship by investment program has undergone a more comprehensive transformation in the last six months than that of Grenada: In September last year, the program hired a new head for its CIU – Thomas Anthony. In

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Saint Lucia CIU Publishes Prices For “Add-On” Dependents

When Saint Lucia’s CIU last week announced it would begin to accept the inclusion of dependents in already approved citizenship by investment applications for a period of up to five years following the CIP-approval, investment migration advisories welcomed the news but asked: “at what cost?”. Read last week’s memorandum here. Only today, eight days later,

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Rogers: EU/OECD’s Real Concern About CIPs Is Tax Competition, Not “Good Governance” – Part 2

Carlyle Rogers: CARICOM finally appears to realize that the EU is out to destroy the region’s economic future under the guise of tax good governance and other red herrings. What took them so long?

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Industry Largely Welcomes Grenada CIP’s 20% Equity Rule, But Not Everyone is Happy

While prominent industry commentators laud the introduction of a skin-in-the-game requirement, some Grenadian developers say the government’s definition of “skin” puts them at a distinct disadvantage. Show me the money New regulations for the Grenada Citizenship by Investment Programme stipulate that CBI-real estate developers must have a 20% equity stake in their projects to obtain

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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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Range Picks Grenada For Third Caribbean CBI-Project After Disappointments in St Lucia, St Kitts

Following unconfirmed reports last week, Range Developments has today officially announced that it will be developing several projects in Grenada’s La Sagesse area, beginning with a Six Senses luxury resort. Describing the first project, Range writes in a press release that the hotel’s setting will be in “an unspoilt area of remarkable natural beauty with

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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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