Agents Offering CIP Discounts May be Blacklisted, Warns Saint Kitts CIU

The Saint Kitts & Nevis Citizenship by Investment Unit (CIU) this week issued new Terms of Engagement for the program’s international marketing agents and their subagents. The circular places new restrictions on promotional methods, the contravention of which, the CIU cautions, is punishable by immediate suspension of application submissions and blacklisting on the Unit’s website. 

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CIP Doesn’t Reduce Tax Transparency in Cyprus Says Head of CPA Institute

Cyprus is preparing a response to the OECD, in an attempt to remove its citizenship programme (the Cyprus Investment Programme) from the organization’s blacklist of RCBI-schemes, London-based Greek Cypriot newspaper Parikiaki reported. According to Parikiaki, sources have informed the Cyprus News Agency (CNA) that the Cypriot Ministry of Finance is preparing additional information on the

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IMC to OECD: Singling out RCBI-Countries “Makes No Sense and Cannot be Justified”

In a public response to the OECD’s “blacklisting” of jurisdictions with residence and citizenship by investment programs for alleged circumvention of the Common Reporting Standard (CRS), the Investment Migration Council writes that while they sympathize with many of the OECD’s motivations, tax and investment migration are two separate legal concepts that ought not to be

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PM: Antigua Will Amend Laws to “Keep Out of the Crosshairs of the OECD”

Prime Minister Gaston Browne of Antigua & Barbuda says he is open to amending laws on banking and information sharing if that’s what’s necessary to comply with OECD demands. The OECD this week released a “blacklist” of 21 jurisdictions they consider to have a high risk of CRS-evasion because the countries in question have both

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EU Arm-Twisting CIP-Countries: SKN Now on Tax-Blacklist, Saint Lucia Off, Antigua and Dominica Grey-Listed

The EU has added Saint Kitts & Nevis to its list of so-called “non-cooperative” tax jurisdictions while dropping Saint Lucia. EU tax regulators have placed Antigua & Barbuda and Dominica on a “grey list”, according to Reuters. Until its listing on March 8th, Saint Kitts & Nevis had been the only remaining Caribbean CIP-country to

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EU Drops Grenada From Tax-Haven Blacklist, Keeps Saint Lucia for Now

The EU has removed Grenada – along with seven other countries – from its roster of non-cooperative tax jurisdictions, leaving Saint Lucia the only remaining CIP-country on the list. Grenada, Panama, Barbados, South Korea, Macau, Mongolia, Tunisia, and the UAE are now off the “blacklist” and have been moved onto a “grey list”, a group

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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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What the EU’s Blacklisting Means for Saint Lucia and Grenada

By Matthew Pajares Yngson Inclusion in the European Council’s “tax haven blacklist” – officially known as “The EU list of non-cooperative jurisdictions for tax purposes” – is probably the last Christmas gift any government official would want to receive. Released three days ago, the list includes 17 countries considered by the EU to be tax

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