Grenada CIP Shattered Records in ’22: Backlog Alone Worth US$300m+
Grenada’s CIP set new records for applications, approvals, and revenues. The biggest new record of all, however, is the size of the backlog.
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Kawana Bay Developers “Open to Amicable Settlement” With Grenada But Say “Extensive” Damage Already Done
The Kawana Bay developers are going ahead with international arbitration, despite the Grenadian government’s willingness to negotiate.
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UK to “Increase Scrutiny” of Caribbean CIPs – Antigua Govt. Welcomes Audit
The UK will examine Caribbean CIPs to see if they pose security risks. Antigua & Barbuda’s CIU thinks it will hold up well to close scrutiny.
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Saint Lucia CIU Circular Highlights Caribbean CIPs’ Ongoing Struggle With Banks
Caribbean CIPs remain at the mercy of banks that are often unwilling to cooperate. Why are they not doing more to mitigate the problem?
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Cyprus Has Revoked 222 CBI-Origin Citizenships – So Far
The fallout from Cyprus’ citizenship by investment scandal continues: 222 individuals have seen their citizenships revoked so far.
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Saint Lucia CIP Cuts Minimum Investment for Real Estate, Introduces New Bond Option
The new regulations reduce the minimum investment for real estate, introduce a new bond option, and update a number of fees.
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Grenada Developer Attributes Rejected EC$10,000 Cash Gift for CBI Chairman to Cultural Misunderstanding
A Chinese developer’s gifting of a new-year’s red envelope with cash to the chairman of Grenada’s CBI Committee does not go over well.
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Big Changes to St. Kitts CIP: Donation Discount, Real Estate Projects to Lose Approval and Made to Re-Qualify
New, stricter rules for real estate, significant discounts for the SGF contribution option, a new fee schedule, and new investment options.
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The Eastern Bloc’s Disillusionment with Brussels Could Breathe New Life Into Defunct CBI Programs
As candidate countries come to terms with the improbability of accession, they’ll be less likely to toe the EU line, argues Saahil Menon.
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Turkey Publishes List of CIP Amendments: “Will Disrupt Buy-Sell Business Models” of Foreign Developers
“I believe this change in the law is open for litigation as it radically affects property rights,” writes LP Legal’s Ece Selin Temel.
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More Than 90% of Secret Bay’s CBI Investors Wish to Retain Shares, Would Recommend Secret Bay to Others
“With 93.8% of shareholders stating their interest in retaining shares beyond the holding period, we believe we are on the right track,” said Gregor Nassief.
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Saint Kitts & Nevis Appoints New CIU-Boss Following Khan’s Departure
The new CIU chief says he plans to assess the status of the CIU, introduce new investment options, and redefine the program’s target clients.
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Saint Kitts’ Inaugural CBI Dividend to Citizens Will Amount to EC$250-500 Per Person
PM Drew also said “hundreds of millions of the CIP funds were abused by the previous administration,” thus reducing the profit margin.
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House Passes Bill That Would Limit CBI Investors’ Access to US E2 Visas
The act would make E2 visas available to CBI-origin citizens only if they have been “domiciled” in their new country for minimum three years.
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Grenada Govt. Projection of Near-Doubled CBI Revenue in 2023 Likely Too Conservative
Even if Grenada receives no new applications, it can still reach – and exceed – its target by merely processing its existing caseload.
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Les Khan Confirms His Resignation as Head of Saint Kitts & Nevis CIU
Meanwhile, Dominica’s incumbent DLP won 19 out of 21 seats in this week’s general election, which was boycotted by major opposition parties.
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RIF Trust & Latitude Group Appointed Global Marketing Agent for St Lucia’s Citizenship by Investment Programme
“This appointment is very important for St Lucia. RIF Trust and Latitude are significant players[…],” commented the Hon. Dr Ernest Hilaire.
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Caribbean CBI Due Diligence: You Can Take it to The Bank
Thomas Anthony, former head of several Caribbean CIUs, outlines the delicate and crucial role the region’s banks play in CBI due diligence.
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Developer of Grenada’s Hartman University Town & Resort Meets Prime Minister, Discusses Progress
With strong support and cooperation of the Government and the CIU, the project continues to advance in a methodical and timely manner.
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The CBI Wave Gathering Steam in Central Asia and the Caucasus
Keen on Russian capital and not concerned with an EU reaction, the region could become a hotbed for CBI, writes Saahil Menon.
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