Grenada CBI Developers Sue Landowner For US$20 Million – Judge Orders Asset Freeze
The developers of the Levera Resort accuses the plot owner of selling land on false premises and of “running a confidence game from the very beginning”.
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Grenada: CBI-Developer Promises 500 Jobs During Construction, 300 Once Operational
Mohammed Asaria, Managing Director of Range, describes the project as “transformative” and vows to make La Sagesse “the second tourism capital in Grenada”.
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25% of Dominica’s GDP and Half of Govt. Revenue to Come From CIP This Year
Confirming the prediction from last year, Dominica’s Prime Minister Roosevelt Skerrit has confirmed in his budget address that revenue from the country’s citizenship by investment program will represent 25% of GDP and some 51% of government revenue in the fiscal year 2019-20, WIC News reports. The statement highlights the criticality of the program in sustaining
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CBI-Debate Escalates to Ad-Hominem Attacks in Dominica As Election Looms
Both sides of the aisle fling scathing allegations as the citizenship by investment program takes center stage in the political debate ahead of possible elections.
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CBI’s Caribbean Banking Problem and Three Easy Ways to Fix It, by Peter Macfarlane
As Caribbean banks and governments struggle to receive CIP-funds, Macfarlane writes that he is amazed they don’t implement simple workarounds.
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Anguilla’s New Tax Residency Program Ideal For High-Value Digital Nomads, Program Chief Indicates
“We’re looking for someone who has a lifestyle in which they don’t usually spend more than 90 days in any particular jurisdiction,” says Philip Kisob.
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Caribbean CIPs Finally Decide to Push Back Against the EU/OECD Hydra; Will it Work?
The OECS has decided to cooperate on CIPs with standardized applications, an oversight committee, and counter-propaganda. Carlyle Rogers asks: Will it work?
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Antigua PM: Are Caribbean CIPs Under Assault Because They Compete With European Ones?
“No matter how much our jurisdictions adopt draconian laws and pay for expensive enforcement machinery; new and more intrusive demands are made.”
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Antigua PM: Choksi’s “Citizenship Will Be Revoked And He Will Be Repatriated to India”
Through the legal protections afforded to him under Antigua’s common law system, the former diamond merchant has been able to stave off extradition so far.
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OECS: Caribbean CIPs to Get Uniform Legislation and Application Forms
Skerrit said OECS member states have agreed to implement policies that will further unify the region’s citizenship by investment programs.
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Thomas Anthony’s Tenure at Grenada CIU to End in August After One Year at the Helm
Thomas Anthony, who has headed the Grenada Citizenship by Investment Unit (CIU) since September 1st last year, will not be renewing his one-year contract when it expires on August 31st.
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With Russia Visa-Waiver Deal, Antigua Passport Moves From 10th to 5th in Landmass-Access Ranking
Antigua & Barbuda’s deal with Russia catapults its passport’s overall landmass-access score from 25% of the world to 37%.
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Asaria: Caribbean CIPs Should Adopt EB-5-Style Employment Requirements
Asaria says the EB-5 program was able to create 276,000 jobs during the credit crunch thanks to its employment requirement, and that Caribbean CIPs should do the same.
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J.F. Harvey: The Missing Pillar in Caribbean CBI – Justification of Refusals
Jean-François Harvey argues that the practice of not providing any explanations when rejecting an application is Kafkaesque, unnecessary, and unfair.
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Anguilla to Launch Final Phase of Residence by Investment Program in Geneva
After 5 years of living legally on the island, persons holding permanent residence under this scheme can apply for the BOTC and UK/EU passports.
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3 Prime Ministers, All 5 Caribbean CIU-Heads to Meet in St. Kitts on June 19th
Caribbean Investment Summit 2019Sponsor The stage is set for the most defining and consequential citizenship and investment event of the year, as the Caribbean Investment Summit (CIS 2019) welcomes the world to the shores of St. Kitts and Nevis from 19 – 21 June 2019. Only two (2) remaining sponsorship opportunities remain at the
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Opposition Plans to Give Dominica CIP Exclusivity to a Single Company, Claims PM Skerrit
PM Skerrit claimed Dominica’s political opposition had agreed to grant a single company exclusive agency for the CIP in exchange for campaign funding.
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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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Caribbean Prime Ministers’ Relationships With Some CIP-Consultancies “Too Close” Says Carlyle Rogers
“Only when something goes wrong do you see how dangerous these practices can be,” says Carlyle Rogers.
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IMF to Dominica: Set Aside CBI-Revenue For Rainy (Hurricane-y) Days
The IMF also noted a strong economic recovery in Dominica, attributing much of it to investments in hotels scheduled to open this year.
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