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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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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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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Come Together, Right Now, Over CIP – Developer Warns of Full-blown Price War

Sam Raphael, the entrepreneur behind Dominica’s Jungle Bay development, a man who has been involved in Caribbean citizenship by investment for more than two decades, cautions that if Caribbean leaders don’t get together “sooner rather than later” to agree on a price floor for their CIPs, the result could be an all-out price war depriving the

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Saint Kitts’ Citizenship Program No Longer the Platinum Brand, says Head of Dominica CIU

Head of the Saint Kitts & Nevis Citizenship by Investment Unit, Les Khan, maintains that his country has not and will not be engaged in a “race to the bottom”, despite recently introducing the Hurricane Relief Fund contribution option, which critics say undercuts prevailing market prices in the Caribbean. “We originally set a price that

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Caribbean CIP “Race to the Bottom” – Is it Time to Form a Cartel?

On September first this year, the heads of the Caribbean Citizenship by Investment Units (CIUs) convened in Grenada for the sixth meeting of the Citizenship by Investment Programme Association (CIPA). The association appointed Les Khan – CEO of the Saint Kitts and Nevis CIU – as its chairman for the forthcoming year. Apart from selecting

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