Saint Kitts CIP Sees 1,200 Applications in 6 Months Under Hurricane Relief Fund Option

Kittitian Prime Minister Timothy Harris yesterday revealed in a press conference that the Saint Kitts & Nevis Citizenship by Investment Programme’s (SKNCIP’s) temporary Hurricane Relief Fund (HRF) option received 1,200 applications during its six-month validity period, which ended on March 30th this year.  According to SKN Vibes, Harris revealed the figure during his monthly press

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IMC Recommends US$150,000 Price Floor for Caribbean CIPs, CARICOM-Level Oversight

In a paper released today – published first on Investment Migration Insider – the Investment Migration Council offers seven concrete recommendations as steps toward regional harmonization (effectively gradual unification) among Caribbean CIPs. The divergence in policies, due diligence, and pricing have been hot-button issues in the Caribbean CIP-market for at least a year and the

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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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4 Ways Caribbean Politicians Are a Threat to the Citizenship by Investment Industry

Opinion of the editor The short-sighted self-interest and slow reaction times of Caribbean politicians are a menace to citizenship by investment programs in the region. Below, I’ve listed four ways (there are plenty more) in which political leaders in the West Indies are jeopardizing a sector of the economy that has become their bread and butter. 1.

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Watch: Caribbean CIPs Should Have a Single Processing Unit, says Former Head of Antigua CIU, Thomas Anthony

In an exclusive interview with Investment Migration Insider, Thomas Anthony, head of Exiger’s Immigration, Citizenship, and Visa Practice, and former head of the Antigua & Barbuda Citizenship by Investment Unit (CIU) laments the absence of a price agreement among Caribbean Citizenship by Investment Programs (CIPs) and urges further integration among the programs, going so far as to

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All I Want for Christmas is a CIP Accord in the Caribbean: 5 Reasons to End the Price War

Opinion of the editor: December is already upon us, and although reports surfaced ten days ago of the Caribbean heads of state convening to tackle the “race to the bottom” among citizenship by investment programs, we have yet to see so much as a statement confirming that the meeting even took place. I’m about as

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Malta Should Mentor Caribbean CIPs on Due Diligence, Says Thomson Reuters General Counsel

Peter S. Vincent, General Counsel for Thomson Reuters and an avid watcher of due diligence practices among citizenship by investment programs, says he is concerned about how the Caribbean price war is affecting due diligence standards in the region, and holds up Malta as a textbook example of how to conduct effective and reliable due

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Grenada Cuts Price for Citizenship, Removes Contribution Requirement For Parents

As announced by Chairman of Grenada’s Citizenship by Investment Committee, Kaisha Ince, during the 11th Global Residence and Citizenship Conference in Hong Kong last week, the Grenada Citizenship by Investment Programme (CIP) will see some significant changes before the end of the year. Chief among them is the lowering of the contribution requirement for a

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All Five Prime Ministers of Caribbean CIP Countries Meeting to Discuss Price War This Week

An industry source who wishes to remain incognito has confirmed that the prime ministers of all five Caribbean countries that have citizenship by investment programs will be meeting this week in an effort to contain the recent price competition. The source further confirms that all five CIP countries will adopt a common standard for reporting

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Carib. Politicians’ View of CBI is “Let’s Get as Much as We Can Until it Ends” Says Thomas Anthony

During an on-camera interview with Investment Migration Insider, the full version of which will be published in the coming weeks, Thomas Anthony – Deputy Head of Exiger’s Immigration, Citizenship, and Visa Practice, as well as former head of the Antigua & Barbuda Citizenship by Investment Unit – calls for turning the Caribbean citizenship by investment

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“We didn’t see it coming” says PM Chastanet about CIP Price War

In an exclusive interview, Saint Lucia’s Prime Minister Allen Chastanet speaks to Investment Migration Insider about the citizenship by investment price war, how Caribbean leaders have been “too busy” to discuss a price floor, his plans to accept payments in euros and yen, and also shares details on the upcoming tax residency program. No publication

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SKN CIU Confirms: Hurricane Fund Discontinued by March, Funds Will Partly Go to Aid Other Islands

Les Khan, head of the Saint Kitts & Nevis Citizenship by Investment Unit, indicates the CIU is determined to close the Hurricane Relief Fund (HRF) option at its expiry on March 30th, 2018. After Saint Kitts & Nevis launched the HRF contribution option last month, Antigua & Barbuda reacted by drastically cutting their own prices,

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