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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Montenegro CIP Finally Picks Official Due Diligence Providers

After rejecting all 13 companies that applied to become the Montenegro CIP’s official provider of due diligence services in March this year, the government’s Secretariat for Special Projects has announced that it received 11 correctly filed applications by the April 1st deadline, from which it has selected two companies, one based in Canada, the other

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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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Euro-Parliament Votes to Endorse “Phasing Out” of RCBI in Europe: “Not the Right Answer,” Says IMC

The European Parliament today voted to adopt the TAX3 Committee’s February report calling for a “phasing out” of RCBI in Europe. The IMC has reacted with disappointment, calling instead on MEPs to support its work in raising industry standards.

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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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