Russians Account for 90% of Grenada CBI Applications in 2023, Reveals Program Chairman
While it was always assumed Russian applicants had driven the program’s meteoric rise, the extent of their impact is only now becoming known.
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caribbean
The 3 Ways Caribbean Citizenship Programs Could Respond to Saint Kitts & Nevis’ Price Hike
The remaining Caribbean CIPs have three ways to respond: James Nuveen explores the potential implications of each type of reaction.
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Will Other Caribbean CIPs Follow St. Kitts and Raise Prices? Here’s What the CIUs Are Planning
The question on everyone’s mind is if other Caribbean CIPs will raise prices like Saint Kitts. IMI contacted each to get an answer.
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Cayman Islands Investor PR Program Gets Crypto-Backed Loan Option
“If or when BTC goes up, your loan-to-value ratio goes down, so your house is appreciating, and so is the asset you’re borrowing against.”
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Grenada CIP: Revenue Up 213% From Last Year, US$133M Invested in Real Estate Since January
With half a year to spare, Grenada’s CIP has already set a new annual revenue record of EC$573m, two-thirds of it in the form of real estate.
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Terrorists, Criminals, and Money Launderers Are NOT Using Caribbean CIPs, So What’s the Real Objection?
Scoundrels have many easier and cheaper ways than CBI to get into first-world countries, argues David Lesperance. So why all the “concern”?
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Dominica’s Secret Bay Pays $1.5m in Returns to CBI Investors, Crosses 150th Investor Threshold
Thanks to an average occupancy rate of 91% and consistently high rates, Secret Bay has already paid $1.5 million in dividends to investors.
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Grenada De-Certifies 5 CBI Real Estate Projects Over Failure to Start Construction
Develop or get de-certified. That is the message Grenada’s CIU is sending approved real estate developers with this round of culling.
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St Kitts CIP Doubles Min. Investments, Addresses Rumored EU Demands Point by Point
Minimum investment doubled in most categories; in-person document collection; new limits on marketing methods; all effective immediately.
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EU Reportedly Raises 6 Demands for CIPs, Including $200,000 Min. Investment as Saint Kitts CIU Issues Cryptic Notice
Among other demands, the EU wants CBI countries to consider their citizenships as a holy, deep, and meaningful connection to the country.
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EU Told Caribbean PMs They Will Cut Visa-Free Schengen Access “Shortly”, Claims Saint Vincent PM
One prime minister of a Caribbean CBI country who had attended the meeting, Gonsalves said, told him that “it’s the end of the road.”
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EU Agrees to Form Committee With OECS to “Discuss and Structure” CBI Programs
Kittitian PM Terrance Drew reports that during a recent summit in Brussels, the EU agreed to form a committee with OECS on the CBI question.
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Secret Bay Named Travel & Leisure’s #1 Resort in the Caribbean, #25 Hotel in the World
The readers of Travel & Leisure, for the third time, ranked CBI development Secret Bay as the #1 Resort in the Caribbean – and 25th globally.
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UK Revokes Visa-Free Travel for Dominica, Vanuatu Citizens Over “Clear and Evident Abuse” of CBI Programs
The Home Office said the changes would have immediate effect to prevent “a wave of travelers” from the affected countries.
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Iranian Families of 4 Now Subject to Enhanced DD Fees of Up to $70,000 in Dominica: Other Nationalities Next?
Agents with Iranian clients last week scrambled to submit files before Dominica’s introduction of “enhanced due diligence” fees on Monday.
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First Data Batch in 3 Years Reveals Antigua & Barbuda CIP Now Caribbean’s Least Popular Program
Antigua & Barbuda has released the first statistical report on its CIP in more than three years. Figures show the program has fallen behind.
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Caribbean CBI Real Estate: Off-Island Escrow Accounts Raise Concerns
If the CBI developer itself funds the escrow account, how does the CIU know the CBI applicant actually invested the full amount?
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Beyond the Passport Summit ’23: Elevating the Citizenship by Investment Experience in Saint Lucia
The Caribbean Citizenship by Investment Industry is gathering in Saint Lucia next month. Join us at Beyond the Passport 2023!
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Having Shattered All Records in 2022, Grenada CIP Breaks Them Again in Q1 2023
While processing is starting to catch up, Grenada still had a backlog of 1,451 applications worth half a billion (!) USD at the end of Q3.
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Antigua, St. Lucia, and St. Kitts Gain Visa-Free Access to Canada (With Exceptions)
Many Saint Lucians, Kittitians, and Antiguans will no longer need apply for visas before visiting Canada – presuming they fly in.
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