Saint Lucia CIU names new CEO following abrupt dismissal of former chief

The Saint Lucia Citizenship by Investment Unit has appointed Nestor Alfred, a former banking executive and regulator of the financial services sector, as CEO. The appointment follows the sudden and unexplained suspension of former CIU-head Cindy McLean, who was originally appointed by then chairman Ernest Hilaire, in late June. Hilaire had stated publicly that the

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Trump’s immigration bill would put the kibosh on EB-5: Mandates active management, $1.8M gives only 12 points

On August 1st, together with Republican senators Tom Cotton and David Perdue, President Trump introduced a new immigration bill, dubbed the Reforming American Immigration for a Strong Economy (RAISE) Act. The bill, aimed at significantly curbing immigration to the United States and raising the bar in terms of the economic contribution of those who are admitted,

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Bahamians once again flirting with citizenship by investment idea

Two long years have passed since we last hear murmurs of CIP proposals in the Bahamas when property moguls and government advisors floated the idea. Sean McWeeney, Bahamian Queen’s Council and senior advisor to then-prime minister Perry Christie, urged the government to “join the bandwagon” by starting an economic citizenship program, as other Caribbean countries had

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Canada’s Startup Visa becomes permanent despite limited interest

Launched as a pilot program in 2013, the Canadian Startup Visa program will become a regular feature following the expiration of its five-year initial trial period next year, according to a press release. Launched by Canada’s Conservative government in 2013, the pilot program was intended to replace the Federal Entrepreneur program that existed between the

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Critics of Dominica CIP “seeking to destroy the country” says PM Skerrit, Barbados PM concerned about passport-sales

During Prime Minister Roosevelt Skerrit’s budget presentation in Dominica’s Parliament this week, several members of the United Worker’s Party, the island’s main political opposition, walked out in protest. The prime minister, in turn, proceeded to chide his rivals for what he has previously called “economic terrorism”, saying “You guys are seeking to destroy the country by

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The good, the bad and the homicidal: 23 investment migration destinations by security levels

The most popular citizenship and residence by investment destinations have vastly different levels of criminality and violence. Saint Kitts and Nevis has a murder rate 35 times higher than Malta, and Americans are six times more likely than Canadians to end up in prison. Investment Migration Insider has taken a look at some (literally) vital

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Czech president signs new investor visa amendment into law

Earlier this year, Investment Migration Insider reported that an amendment to the Czech Republic’s immigration law, which included plans for an investor visa, was awaiting senatorial approval. President Milos Zeman has now signed the bill into law and will officially publish it this week, 15 days after which the law will come into effect, according to Rutland

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A&B CIP-citizen hangs himself while in Thai custody for running web’s largest illicit marketplace, was about to apply for Grenada CIP

The alleged owner of AlphaBay, the dark web’s largest illegal marketplace, Alexandre Cazes, took his own life while in detention in a Thai prison on July 12th. A Canadian national, Cazes was arrested on July 5th in a joint operation between Thai police and the US State Department and was, according to the indictment, caught

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Thanks for the list of diplomatic passports; now name the CIP citizens too, say Caribbean transparency advocates

Following Antigua and Barbuda’s publishing a list of diplomatic passport holders last week, several prominent figures in the Caribbean are now calling for the release of the names of all citizens naturalized through the country’s Citizenship by Investment Programme. During an appearance on Antigua Observer’s Big Issues radio show yesterday, John Anthony-Rullow, a Grenada native

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2017 Chinese HNWI migration report: As UK slides in rankings, Malta, Antigua, Dominica in top 10 for the first time

Today, the Hurun Research Institute in association with Visas Consulting Group (a leading Chinese immigration company) released the Immigration and the Chinese HNWI 2017. The report includes the Chinese Immigration Index, a ranking based on an investment migration program’s suitability for Chinese applicants, as well as a host of data on which destinations Chinese immigrants

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“Don’t step on others’ territory…or you’ll get punished” – Larry Wang on CIP/RBI firms entering China

Larry Wang, president and founder of Well Trend, one of China’s largest immigration companies, sat down with Investment Migration Insider to talk about the common mistakes international investment migration companies make when attempting to penetrate the Chinese market, which strategies they can adopt to successfully partner with Chinese agents, and whether there’s a chance Beijing

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Malta Residence Visa Program issues wide-ranging policy changes

Just minutes ago, Executive Chairman of the Malta Residence Visa Agency – the official government agency that administers the Malta Residence Visa Programme – Roderick Cutajar, has informed Investment Migration Insider that a series of changes to the program requirements will come into effect as of today. In his interview with Investment Migration Insider, published

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