INTERVIEW: ALLEN CHASTANET, PRIME MINISTER OF SAINT LUCIA Allen Chastanet, Prime Minister of Saint Lucia, says he supports the idea of common standards for the CBI industry, but he is against the idea of setting a base price that no country would go below. What is the history and background to Saint Lucia’s […]
INTERVIEW: BRUNO L’ECUYER, CHIEF EXECUTIVE OFFICER OF THE INVESTMENT MIGRATION COUNCIL Bruno L’ecuyer, Chief Executive of the Investment Migration Council, explains how the association works with professional bodies, governments and international organisations in order to increase public understanding of the investment migration industry and shares the IMC’s plans and priorities for the coming […]
46 per cent of UK residents believe that people should be allowed to purchase citizenship Economic citizenship, the process by which individuals can acquire permanent residency by investing into a country’s economy, is facing prejudice. Two in five (42 per cent) UK residents say that wealthy individuals should not be allowed to obtain […]
If, as many say, Brexit represents a risk to Britain trade and access to the customs union, then no-one has told the world’s wealthy, who have never been so keen to come to this country and capitalise on its financial infrastructure. In the third quarter of last year the Home Office issued 114 […]
Citizenship by Investment (CBI) and Residence by Investment programmes (RBI) remain popular for many reasons including visa-free travel, opportunity and stability. However, as the number of countries offering citizenship or residence programmes in exchange for investment continues to rise, so does the scrutiny placed on those programmes, with particular interest placed on the source […]
In early 2018, the OECD raised concerns about whether Residence by Investment (RBI)/Citizenship by Investment (CBI) programs are being used to circumvent the goals of the Common Reporting Standard. In other words: Do RBI/CBI programs somehow allow people to improperly escape or obfuscate identifying their country or countries of ‘tax residency’? This OECD […]
Artificial Intelligence’s impact on the banking industry has prompted discussions about how immigrant investor industry stakeholders can use Artificial Intelligence (AI) to drive efficiency and sustainability. AI-enabled solutions support modern Know Your Customer (KYC) practices, resulting in better risk analysis and assessment of potential new applicants AI involves training computers to perform cognitive […]
Historically, seeking permanent residency (Green Cards) in the United States has not been the first choice for High Net Worth Individuals (HNWIs) from Russia for a multitude of reasons. Taxation on world-wide income – which all US residents are subject to – was the main deterrent. Another obstacle was the distance between the two […]
An individual may decide to change residence or acquire a second citizenship for a variety of reasons. These may range from wanting a better education for their children to wishing to boost travel opportunities. It may quite simply be the natural desire to secure a more stable living environment for their family. Whatever the […]
In recent months, there has been a significant reference to establishing harmonization amongst the five Caribbean Citizenship by Investment Programs (CIP’s). There can be no denying that the theory is sound but the practicalities of such a harmonization are much more difficult. Each participating country is a sovereign state and therefore has the […]
