Denzil Douglas: MSR’s “allegations are baseless, malicious, and deliberate attacks intending to destroy my reputation, character, and legacy.”
Saint Lucia’s PM declares his intention to sign the MoA, and has already made recommendations of his own for its “further strengthening.”
PM Drew has already given the go-ahead for the judicial review and is the second regional PM this week to say he is ready to revoke citizenships.
In a statement, the government said it had “no business with Philippe Martinez” and that agreements with Galaxy stem from the former gov’t.
Whatsapp messages appear to show the Kittitian AG knew Khan and Harris had received several million dollars in kickbacks from prison project.
Anastasia Barna says clients who have qualified for Caribbean citizenship via “the $80,000 option” are running the risk of revocation.
CBI units who name applicants “will ruin the entire proposition” of CBI in countries that don’t allow dual citizenship, warns senior industry executive.
“They’ll want to keep a delta between [donations and real estate],” says Richard Hallam, hinting that the price for real estate could rise.
Grenada collected more CBI revenue in 2023 than in the preceding five years combined but still has a backlog worth over half a billion EC$.
While Peters believes the four Caribbean countries fully intend to implement the MoA, he thinks the June 30th deadline is unrealistic.
He also says that if the MoA isn’t enough to allay EU fears, “it will be clear that they have reasons other than national security concerns.”
During Global Citizen Week., Caribbean CBI experts give their thoughts on the future of the Caribbean amid the implementation of the MoA.
MSR Media says it may also sue CBI companies that enable discounting, and claims to have new evidence of criminal financial transactions.
Allen Chastanet: “A particular developer has begun selling this option and, even more concerning, is the sub-par selling price of US$80,000.”
50-60% of St Kitts govt. revenue from CBI. St Lucia had asked for more time to consider MoA, but other countries “went ahead and signed.”
The CBI countries have agreed to a price floor and to make “underselling” practically unfeasible. But one country is conspicuously opting out.
If Eurocrats really cared about maintaining Caribbean CIP integrity, they would focus on due diligence rather than prices, writes Nuri Katz.
The EU is reportedly asking the CBI programs to switch to a low-volume/high-price model and is particularly concerned about discounting.
MSR Media, whose principal is suing the former CIU-boss for “an international scam”, will have the first approved Public Benefit Option.
With a path to citizenship in just six months for investors, the Dominican Republic’s investor visa is effectively a CBI program.