Saint Lucian Nestor Alfred has been named the chairman of the Citizenship by Investment Program Association (CIPA), a regional body that is made up of Citizenship by Investment (CUI) unit heads of countries that have such investment programs. Alfred, who is head of Saint Lucia’s Citizenship by Investment Unit, was appointed on January 31. CIPA […]
There has been a huge increase in the number of wealthy expatriate residents in the UAE who are willing to spend hundreds of thousands to millions dirhams in exchange for a second passport — and the privilege to travel the world freely — despite allegations of fraud against some immigration firms. In 2018, requests made […]
Under the new golden visa rules, a Cyprus passport will now be granted in exchange for an investment of €2.5m, up from €2m, including the purchase of a residency. The investment amount is €2m if the investment is made solely in residential real estate, at least a quarter of which must be spent on a […]
The Central Asia countries have a great potential for attracting foreign investors due to rich natural resources, low labor cost and growing population. According to the estimates of the Boston Consulting Group, the Central Asia countries, primarily Kazakhstan and Uzbekistan, will be able to attract about $40 billion–$70 billion of foreign direct investment (FDI) in […]
The citizenship-by-investment scheme’s contribution to economic growth in the past three years was just 1.2 per cent of 13 percentage points, Finance Minister Harris Georgiades said Wednesday, as the cabinet tightened procedures for applicants to the programme, which has been criticised by the EU as lacking transparency. Speaking after the cabinet meeting, Georgiades said the […]
Media reports in Dubai have warned that problems in the Citizenship by Investment programmes of St Kitts and Nevis and other Caribbean islands with similar programmes are likely to have a negative impact on these programmes. According to Gulf News, a daily English language publication in Dubai, the fate of hundreds of residents in the […]
On the 5th of December 2018, the UK Immigration Minister Caroline Nokes said the UK Tier 1 (Investor) Visa would be suspended and reformed. Six days later the government made a U-turn and announced the Investor category would not be suspended followed by an apology from the Home Secretary. Migration Policy reiterated that the Investor route […]
In November 2018, news broke out that the St Kitts and Nevis Citizenship by Investment Programme had been abused by certain overseas agents and local developers underselling the real estate option and potentially going so far as forging letters issued by the Citizenship by Investment Unit. A well-orchestrated media campaign ensued, depicting the Programme as […]
A senior official of the International Monetary Fund (IMF) says while Citizenship by Investment Programmes (CBI) have been an important source of foreign investment and fiscal revenues, for countries like Dominica, some international countries are concerned about erosion of their tax revenue base through evasion, and also about the misutilization of citizenship programmes. “There are […]
A Citizen By Investment (CBI) programme in St Vincent and the Grenadines can fund several major projects without adding to the country’s debt. This is the view expressed by Opposition Leader, Dr Godwin Friday on Tuesday, during his presentation on the 2019 Budget. Friday made reference to the geothermal project here, and said that the […]
