CBI Real Estate Panel: “Allowing Only Ready-Built Projects Defies the Point of CIP”

During a panel discussion at the Investment Migration Forum in Geneva last week, CIU-heads and agents exchanged views on how to ensure the integrity of CBI real estate. The chairman of CIPA, furthermore, indicated a regional CBI-regulator could soon become a reality.

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Saint Lucia CIU Publishes Prices For “Add-On” Dependents

When Saint Lucia’s CIU last week announced it would begin to accept the inclusion of dependents in already approved citizenship by investment applications for a period of up to five years following the CIP-approval, investment migration advisories welcomed the news but asked: “at what cost?”. Read last week’s memorandum here. Only today, eight days later,

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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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Savory & Partners No Longer an International Marketing Agent in Saint Kitts

In a notice circulated yesterday, the Saint Kitts & Nevis CIU informs stakeholders that Savory & Partners is no longer a registered International Marketing Agent and may no longer submit applications to the country’s citizenship by investment program.

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Grenada CIP Leaves Nothing to Chance in New CBI-Discounting Prevention Regulations

In a follow-up circular to this week’s announcement that the Grenada Citizenship by Investment Programme had lowered its real estate investment requirement to US$220,000, the program’s CIU makes it clear that the practice of discounting CBI-real estate will not fly in Grenada.

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2018 a Record Year for Grenada CIP: Revenue Up 26% Show Q4 Figures

Recently published fourth-quarter figures reveal the Grenada Citizenship by Investment Programme granted 851 passports in 2018, a 21% increase on the year before, and raised EC$ 147 million (US$ 54 million) in income, a 25.8% improvement. See also: Citizenship by Investment No Shelter Against Extradition, Grenada Warns Potential Criminal Applicants In 2018, the program received

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Saint Kitts Raises Cost of Switching Between Investment Options to $25,000

Prime Minister Timothy Harris of Saint Kitts & Nevis has announced, in a circular to agents, that he is amending the rules for switching applications between the real estate investment and donation options under the country’s Citizenship by Investment Programme. Switching between options will henceforth cost US$25,000, up from the previous US$10,000. The move comes

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Saint Kitts CIU to Instate Real Estate Escrow: Payouts Contingent on Developers Actually Developing

The Saint Kitts & Nevis Citizenship by Investment Unit reports it has been consulting with developers over new regulations in a bid to prevent improper promotion and procedures related to the program’s real estate option. The developers, said the CIU, had pledged to ensure that their promotion of real estate would reflect the statutory requirements

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Agents Offering CIP Discounts May be Blacklisted, Warns Saint Kitts CIU

The Saint Kitts & Nevis Citizenship by Investment Unit (CIU) this week issued new Terms of Engagement for the program’s international marketing agents and their subagents. The circular places new restrictions on promotional methods, the contravention of which, the CIU cautions, is punishable by immediate suspension of application submissions and blacklisting on the Unit’s website. 

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