The Investment Migration Knowledge Platform
Many of the world’s citizenship by investment programs (CIPs) impose restrictions on the countries and territories from which they accept applications. We’ve compiled an overview. Citizens of a country (and, in some cases, territories, such as Chechnya) are either eligible, ineligible, or partly eligible to apply for a citizenship program; While some programs impose blanket
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This article was contributed by Sam Bayat, head of Bayat Legal Services. Saint Lucia will no longer accept citizenship by investment applications from Iranian citizens residing in Iran – or elsewhere – ostensibly because background information cannot be reliably verified in Iran and because the banks will not facilitate the transaction. There is, however, more
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The Citizenship by Investment Unit (CIU) of Saint Lucia has informed authorized agents that nationals of Iran will no longer be able to apply to the country’s citizenship by investment program (CIP). The decision, it appears, was not one made by the CIU itself but rather by third-party service providers, without whose cooperation the normal
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IPSA, a world-leading due diligence and risk mitigation firm, has agreed to pay US$ 259,200 to settle what the Office of Foreign Assets Control (OFAC) identifies as violations of American sanctions regulations on trade with Iran, in connection with due diligence work it performed on behalf of a Caribbean CIU. “IPSA International Services, Inc. (IPSA),
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