The RCBI-Industry’s Greatest Threat is of Our Own Making and We Can Stop it Ourselves

Opinion of the editor Boy, it’s been one hell of a month for the residence and citizenship by investment industry! We’ve come under siege from the mainstream media, the European Commission, the OECD, and “watchdogs” like Transparency International and Global Witness. October saw us fend off an unrelenting barrage of mischaracterizations, malign slander, and mudslinging.

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4 Reasons Citizenship by Investment Isn’t a Security Threat to the EU

Opinion of the editor The European Commissioner for Justice, Vera Jourova, has called citizenship by investment programs (CIPs) a “serious security risk“, launched an investigation into the matter, and is preparing a new set of (mandatory) procedural recommendations to European CIP-countries. But CIPs are not the menace to European peace and stability that Jourova –

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What Makes Montenegro Think its Passport is Worth EUR 350,000?

Montenegro and Moldova will both launch citizenship by investment programs (CIPs) by October. Neither are EU-members, both have visa-free access to Schengen, but Montenegro has priced itself far above Moldova. Why? At the very least, a Moldovan citizenship will cost applicants EUR 135,000 (single applicant donation of EUR 100,000 + government fees), while a Montenegrin

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CIUs Can’t be Expected to Reject Applicants Whose Alleged Crimes Are not Yet Known

Opinion of the Editor: The Antigua & Barbuda CIU came under fire this week after revealing they had granted citizenship to a man – wanted by Indian authorities over an alleged fraud case – months before any suspicion was raised. That’s unreasonable. Indian businessman Mehul Choksi stands accused of defrauding the Punjab National Bank of

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The Times and Portuguese Marxists Slander Investment Migration Industry

Opinion of the editor: I have a dream. I have a dream that one day, I will be able to go for a whole week without seeing our industry maligned and slandered in the press. This is not that week. Jenni Russel, a columnist at the once-venerable Times of London writes (bold mine), […]the continent

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Euro-Parliamentarians Call for Brussels to Regulate, Close Down CIPs, Ignoring National Sovereignty

Note: This article is sprinkled throughout with comments in bold. They represent the personal opinions of the editor only. Several European lawmakers are calling for “regulation” of citizenship by investment programs among EU-member countries. Once again, CIPs are protested on the basis of an ideological opposition to the acquisition of nationality through monetary contributions: “If

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4 Ways Caribbean Politicians Are a Threat to the Citizenship by Investment Industry

Opinion of the editor The short-sighted self-interest and slow reaction times of Caribbean politicians are a menace to citizenship by investment programs in the region. Below, I’ve listed four ways (there are plenty more) in which political leaders in the West Indies are jeopardizing a sector of the economy that has become their bread and butter. 1.

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All I Want for Christmas is a CIP Accord in the Caribbean: 5 Reasons to End the Price War

Opinion of the editor: December is already upon us, and although reports surfaced ten days ago of the Caribbean heads of state convening to tackle the “race to the bottom” among citizenship by investment programs, we have yet to see so much as a statement confirming that the meeting even took place. I’m about as

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Tilting at Offshore Windmills: Aim Paradise Papers Anger At Government, Not Rich People

OPINION OF THE EDITOR: In the “City of God,” St. Augustine tells the story of a pirate captured by Alexander the Great. The Emperor angrily demanded of him, “How dare you molest the seas?” To which the pirate replied, “How dare you molest the whole world? Because I do it with a small boat, I

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Opinion: Much Ado About Dubai – Prime Minister Muscat’s Catch 22

Maltese Prime Minister Joseph Muscat’s attendance at a citizenship by investment seminar in Dubai just a week after the assassination of Daphne Caruana Galizia offends the sensibilities of the country’s opposition. It shouldn’t. “Unbelievable. The country is in an unprecedented crisis and our Prime Minister is off to sell passports,” wrote Simon Busuttil, a former

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Cryptocurrency Payments Are the Solution to the Caribbean’s Correspondent Banking Problem

Opinion of the editor: The week before last, in Bangkok, I had several days of meetings with the government of Vanuatu, the Vanuatu Information Centre and blockchain-based due diligence firm KYC-Chain. To make a long story short, I was able to clarify to some members of parliament of the tiny Pacific nation why deciding to

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EU to Investigate Golden Visa and Citizenship Programs Following Guardian Stories (Called it!)

Opinion of the editor: Two weeks ago, the Guardian published a handful of articles allegedly uncovering “scandals” in which rich criminals had obtained citizenships in Cyprus and residence permits in Portugal by way of “secret” programs. Now, unsurprisingly, the European Commission has announced it will be investigating the programs over the next year. “Alarm bells

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Mainstream Media’s Sudden Coordinated Attack on Investment Migration

Opinion of the Editor: When The Guardian first posted two related articles on the Cyprus CIP Sunday night, I commented on those articles here, and expected that to be the end of it. But looking over my keyword alerts the next day, I found the story had been reprinted or referred to some 200 times

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List of Cyprus CIP Citizens Leaked: Soros-backed Foundation Funded the Articles

In two related articles appearing last night in The Guardian, Cyprus’ Citizenship by Investment Programme comes under scrutiny, following what the newspaper describes as a leak. A bevy of Russian and Ukrainian billionaires are mentioned by name, and the reporters draw into question the integrity of the CIP. You may view the original articles here and

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With balanced coverage of Malta IIP, BBC teaches CBS a lesson in actual journalism

Yesterday, I received a notification saying the BBC had covered the topic of citizenship by investment, focusing on the Malta IIP. Uh-oh, here comes another layman journalist report pandering to the mob’s prejudices about citizenship-sales, I thought, and braced myself. After the shameless sophistry and deceptive editing employed by CBS’ 60 Minutes in their predictably biased

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Chartered Investment Migration Practitioner – The IM Industry Needs a CFA-Equivalent

There are too many cowboys in our line of work. They’re playing it fast and loose and we need to rein them in before their cavalier attitudes cause irreparable harm to the whole investment migration industry. Ralph Dahinden recently wrote about the industry’s bad apples. I would add a layer of nuance to that analogy

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