An Everett developer’s guilty plea Wednesday to federal fraud charges is the latest example of abuse of the EB-5 program offering green cards to foreign investors. Lobsang Dargey used the program to fuel his fast rise in the Puget Sound real estate industry. Now, he faces up to 10 years in federal prison and must […]
Residency-by-investment programs are an attractive option for some HNW individuals, but may be designed to the detriment of the country in which the program is available. According to our 2016 Global Wealth Managers Survey, 18.7% of total HNW wealth is held offshore. HNW individuals may invest in markets outside their country of origin for several […]
Prime Minister Mackenzie King was the first Canadian citizen. On January 3rd 1947, at Canada’s Supreme Court in Ottawa, he took the oath. Yesterday, 26 new Canadians did the same, also in the Supreme Court. 70 years, and a couple of revisions later, people are waiting in queues around the world, eager for the opportunity. “To […]
Antiguan and Barbudan diplomat Casroy James is being called on to voluntarily step down after he admitted to receiving monies purported to be bribery payments, but which he said were legitimate fees for consultancy work. Former National Security Minister of St Kitts & Nevis Dwyer Astaphan said that James, Antigua & Barbuda’s Ambassador to the […]
On December 22nd, 2016, the minister to whom citizenship-by- investment is assigned signed a statutory instrument making amendments to the Citizenship-by-Investment Regulations No. 89 of 2015. At this time, these are the only changes that have been made to the Citizenship-by-Investment legislation. Please see below the full text of the changes made. In exercise of […]
Prime Minister and Minister of Finance, Dr. the Honourable Timothy Harris, updated the general public on the status of the Sugar Industry Diversification Foundation (SIDF) during the Sitting of Parliament on Tuesday, December 13. Dr. Harris noted that there have been a number of issues with the SIDF leading up to the 2015 elections to […]
Most countries in the world offer a deal offering fast-tracked residency permits and, ultimately, citizenship in return for investments in local businesses and property. With the UK voting to leave the European Union, it is becoming more attractive for wealthy Brits to look elsewhere for access to the European single market and the freedom of […]
Representative from at least five Caribbean countries are to meet here later this week to discuss the Citizenship by Investment (CIP). The Coordinator of the Dominica Citizenship by Investment Unit, Emmanuel Nanton said that the countries in the Caribbean with CIPs had agreed to meet every quarter “to discuss where we are in the programme, […]
The Government of Canada is making it faster and easier for Canadians and permanent residents to reunite with their spouses. At the direction of the Minister, earlier this year Immigration, Refugees and Citizenship Canada (IRCC) began a concerted effort to reduce processing times. From the start of 2016 to the fall, processing times were reduced […]
Another move to propel the St. Kitts-Nevis Sugar Industry Diversification Foundation (SIDF) forward is the introduction of the International Marketing Agent Initiative, says Les Khan, CEO of the Citizenship by Investment Unit (CIU), while appearing on the government’s radio-television programme “Working for You” on November 30. Mr. Khan explained that the initiative is another proactive […]
