“Just the Beginning of a Huge, Worldwide Trend,” Says Kälin About Investment Migration

Panelists in Davos shared their vision of investment migration’s role in reducing global debt levels and bridging the gap between the places that have talent and the places that need it.

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Antigua PM: Crypto-Payments Will be “Very Important” for Overcoming Banking Issues in Caribbean

Cryptocurrency will be “very important” for overcoming banking issues, lack of progress on harmonization may be due to inertia, and new CIP competition from Europe is ultimately a good thing, Prime Minister Gaston Browne of Antigua & Barbuda told Investment Migration Insider in Davos.

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Don’t Miss Our Exclusive Coverage of Investment Migration in Davos 2019

In January 2019, for the first time, the investment migration industry was represented in Davos during the World Economic Forum’s annual meeting in the Swiss Alps. Investment Migration Insider was on-site to provide broad coverage. See the video in this story for a taste of what we’ll be publishing in the coming weeks. Our coverage

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Antigua PM to IMI in Davos: CIP to Accept RMB Payments “Within 30 Days”

Asked to comment on a bill passed in Antigua & Barbuda’s parliament this summer, which opened for the payment of investments under the CIP by way of euros and cryptocurrencies, PM Browne noted that interest in alternative payment methods had not been significant, a state of affairs he attributed to a lack of awareness of

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PM: Antigua Will Amend Laws to “Keep Out of the Crosshairs of the OECD”

Prime Minister Gaston Browne of Antigua & Barbuda says he is open to amending laws on banking and information sharing if that’s what’s necessary to comply with OECD demands. The OECD this week released a “blacklist” of 21 jurisdictions they consider to have a high risk of CRS-evasion because the countries in question have both

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CIUs Can’t be Expected to Reject Applicants Whose Alleged Crimes Are not Yet Known

Opinion of the Editor: The Antigua & Barbuda CIU came under fire this week after revealing they had granted citizenship to a man – wanted by Indian authorities over an alleged fraud case – months before any suspicion was raised. That’s unreasonable. Indian businessman Mehul Choksi stands accused of defrauding the Punjab National Bank of

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Antigua & Barbuda Citizenship Program to Accept Payment in Cryptocurrencies, Euros

Antigua & Barbuda’s Parliament this Monday amended the Citizenship by Investment Act to allow for cryptocurrencies, as well as euros, to be used as forms of payment for applications to the country’s citizenship by investment program. Prime Minister Gaston Browne expects the move to open new markets and to help mitigate the de-risking problem from

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Antigua PM Lambasts CIP-Critics, SKN PM Urges Emphasis on Harmonization

The Caribbean Investment Summit 2018 is in full swing at the Saint Kitts Mariott. In attendance are several Caribbean prime ministers, as well as some 300 investment migration professionals from across the globe. Prime Minister Browne of Antigua & Barbuda, never one to mince his words, spoke frankly of his disdain for opponents of citizenship

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US “More and More Hostile” Toward Caribbean Countries Says Antigua PM in Response to Money Laundering Accusations

Antigua & Barbuda’s Prime Minister Gaston Browne isn’t mincing his words with regards to the recent US-published International Narcotics Control Strategy Report, which singled out Caribbean CIP-countries with the label “major money laundering jurisdictions” and also alleged an increase in drug trafficking in the region. The report further expressed concern with regard to political influence

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20% of Antigua’s 2017 GDP Came From Citizenship Program, According to Prime Minister

In his budget address on Thursday, Prime Minister of Antigua & Barbuda, Gaston Browne, revealed the country’s Citizenship by Investment Programme had raised some US$ 300 million in the form of direct revenue and capital investment during 2017, equivalent to about 20% of the nation’s GDP. The Prime Minister indicated that about four-fifths of the

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Antigua PM Calls Trudeau’s Bluff: Asks Canada to Specify CIP Flaws, Reinstate Visa-Free Policy

During a town hall meeting last week, Canadian premier Justin Trudeau said his government would reconsider allowing visa-free access to citizens of Antigua & Barbuda if the CIP could show “significant improvements” to its vetting standards. The statement was noteworthy chiefly for two reasons; It marked the first time Canada had admitted publicly that its

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Trudeau: Canada Would Reinstate Antigua’s Visa-Free Access if CIP “Significantly Improves”

Speaking at a town hall meeting in Toronto this week, Canadian Prime Minister Justin Trudeau told the audience that his government would consider lifting visa requirements for citizens of Antigua and Barbuda, subject to “significant improvements” to the country’s Citizenship by Investment Programme, according to a story in Antigua News Room. “We will always ensure

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Michael Arrest Related to Bribery Investigation, Timothy Harris Cancels His Gatwick Transit

In an email (seen by the editor) sent from Patrick Reilly head of the UK’s Foreign and Commonwealth Office’s Caribbean, Central America & Mexico Department and addressed to Antigua & Barbuda’s High Commissioner in London, Karen-Mae Hill, UK officials have elaborated on the background for Asot Michael’s arrest at London Gatwick earlier this week. The

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Antiguan Minister Arrested by British Police Upon Arrival in UK, Fired From Cabinet by PM

Asot Michael, Antigua & Barbuda’s Minister of Tourism and Investment, was arrested by British police upon arriving in London yesterday, reports the Antigua Observer. As Minister of Tourism, Michael is responsible for tourism-related projects, which in practice has meant that all real estate projects intended for the Citizenship by Investment Programme have required the express

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Antigua PM Offers More “Halal Restaurants or Hotels if That’s What Muslims Want” as he Courts Saudi CBI Investment

“We are looking for high net worth individuals. We already have a lot of interest from Saudi Arabia,” Antiguan Prime Minister Gaston Browne told Arab News in an interview during Arton Capital’s 2017 Global Citizen Forum in Sveti Stefan this week. Antigua & Barbuda’s Citizenship by Investment Programme – which in 2015 contributed a quarter

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Antigua PM Browne Chastises Rich Countries For “Undermining Development” of Small States by De-Risking

Speaking at the World Bank-organized Small States Forum in Washington DC this week, Antiguan Prime Minister Gaston Browne was scathing in his criticism of the developed countries’ recent “de-risking” – withdrawal of correspondent banking relationships on grounds of perceived high KYC/AML risk – which he said “is not only an existential threat but one of

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Antigua Cuts Citizenship Price in Half Following Collapse in Market Share

Following a severe reduction in the volume of applications for Antiguan citizenship by investment under the National Development Fund contribution option, Prime Minister Gaston Browne announced in parliament yesterday that the program would lower the contribution requirement from its current US$200,000 to $100,000, according to Antigua Observer. A family of four will pay a contribution

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