Warnings to Caribbean Politicians Who Seek to Make CIPs Political Footballs During Elections
Burning down a citizenship by investment program to become king of the ashes is not credible nor effective, writes Carlyle Rogers.
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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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Malta Hints at Revoking IIP-Obtained Citizenship as Investor Pleads Guilty to Fraud
“Malta takes these matters very seriously,” the head of Malta’s IIP Agency told IMI.
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Vanuatu Eyes Record CBI-Revenue in 2019, Reaching 75% of Budget Target by End of April
In the first four months of 2019, revenue from Vanuatu’s two citizenship by investment programs nearly equaled the amount raised in all of 2017.
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Canceling Moldova CIP Now Would Mean “€3-4 Million Fine”: Parliament Approves 4-Month Freeze in Dual Reading
Upon expiry of the moratorium, the government will have the right to extend it for another two months.
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When Citizenship Becomes a Matter of Survival, CIPs Save Lives
In a recent presentation, I advanced the view that in the decades ahead, citizenship will be the key to one’s survival if conflict increases, especially at a time when western countries are closing their borders to people, especially the poor, and in the age of populism, Trump, Brexit, and increasing American and European nationalism. I publicly stated that
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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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Moldova CIP Moratorium Likely to Last Four Months
“It is likely but not self-evident that after the moratorium, Law no. 1 will be withdrawn,” says Henley & Partners.
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Another 13 Approved Citizenship by Investment Agents Added Since May
The number of accredited agents for citizenship by investment programs has grown by 25 since February, an average of 4.2 new agents per month. Between February and May, a dozen new companies joined the fray; by today, another 13 have received accreditation. With 578 accredited agents (62% of the total), Cyprus has more approved agents
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UPDATE: Moldova Citizenship Program Temporarily Suspended, Consultation with Stakeholders to Optimize the Program
Don’t discount Moldova’s CIP just yet.
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Details Emerge on Vanuatu’s Revoking Citizenships, Extraditing Fraud Suspects to China
Vanuatu has revoked the citizenships of four Chinese fraud-suspects and extradited them to China. Whether due process was granted remains an open question.
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Egypt Moves Closer to CIP-Launch as Parliament Grants Approval In Principle to New Law
What had initially been a residency program with a path to citizenship is shaping up to become a bona fide CIP without the need for a residence period.
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The 10 Most Lucrative Golden Visas Last Year, According to the Statistics
These ten programs brought in the most money to their respective countries last year. One program alone made up more than half the market.
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Wealth Planning and CBI Are Separate Worlds, But This is About to Change
Changes in international taxation and the new economic substance rules offer unique advantages for some Caribbean and European CIPs, writes Carlyle Rogers.
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Grenada’s Q1 CIP Revenue Doubles That of Same Period Last Year
Should Q1 prove an indication of an overall trend rather than an anomaly, Grenada can expect to beat its all-time record from 2018 this year.
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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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Minister of Economy’s Statements on Moldova CIP Give Rise to Cautious Optimism
“We should not take any decisions in a rush,” said Minister Brînzan yesterday, adding that any contract annulation would cost Moldova several million euros.
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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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Vanuatu Has Reportedly Issued 4,000+ Passports Under CIP But IMF Estimates 72% Drop in 2019
The organization does not expect the upward trend in CBI-revenue to continue and, therefore, urges the Vanuatu government not to grow too accustomed to it.
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