Malta Registers 3rd Consecutive Budget Surplus, 76% of Which From Citizenship Program

Malta saw revenues outpace expenditures in 2018. While the government was careful to point out that it would have logged a surplus even in the absence of its citizenship by investment program, the MIIP can take credit for three-quarters of the positive balance.

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Industry Largely Welcomes Grenada CIP’s 20% Equity Rule, But Not Everyone is Happy

While prominent industry commentators laud the introduction of a skin-in-the-game requirement, some Grenadian developers say the government’s definition of “skin”

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Developers Promoting Grenada’s New Price Option Without Prior Approval Subject to Penalties, CIU Warns

Following the introduction of its US$220,000 real estate co-investment solution on March 18th, the Grenada CIU reiterates that the new price option is only available to developers that have received advance written approval, and cautions that those found to promote the new price prematurely will be subject to review and possible penalty.

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Euro-Parliament Votes to Endorse “Phasing Out” of RCBI in Europe: “Not the Right Answer,” Says IMC

The European Parliament today voted to adopt the TAX3 Committee’s February report calling for a “phasing out” of RCBI in Europe. The IMC has reacted with disappointment, calling instead on MEPs to support its work in raising industry standards.

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