After implementing a drastic 50 percent reduction in its required donation for economic citizenship last month, which prompted Antigua and Barbuda to go even lower, the Citizenship by Investment Unit (CIU) – and by extension the government of St Kitts and Nevis – now says it “remains resolute in protecting the high standards associated with the federation’s citizenship by investment (CBI) programme” and “will not engage in a race to the bottom”.
Citizenship by Investment (CBI) Programs have again received approval, this time from the Chairman of the Caribbean Development Bank (CDB) Dr. Warren Smith who paid a visit to Dominica.
Three hundred participants at this year’s Global Citizen Forum in Sveti Stefan, Montenegro, heard from panelists exploring the vital role of citizenship, leadership, global security challenges, and philanthropy, as well as practicing that philanthropy by raising over US$400,000 to help rebuild the Caribbean island of Barbuda, which was devastated last month by Hurricane Irma.
Grenada has announced that it will join the recent round of price cuts for regional economic citizenship precipitated by St Kitts and Nevis in September, which has been widely viewed as an unproductive “race to the bottom”. According to Investment Migration Insider, the chair of Grenada’s Citizenship by Investment Committee, Kaisha Ince, announced during the 11th Global Residence and Citizenship Conference in Hong Kong last week, that the Grenada citizenship by investment programme (CIP) will see some significant changes before the end of the year.
As announced in numerous USCIS stakeholder calls over the last two years, USCIS has begun site visits to supplement its EB-5 adjudications.
Portugal’s much-vaunted Golden Visa programme is failing to serve those whom it wishes to attract, with delays at the Foreign and Borders Service due to staff shortages and redeployment of key staff to Lisbon airport. Investors pay €500,000 upwards for qualifying properties but are having to wait at least three months for the first meeting with SEF staff in Lisbon and are not allowed to arrange appointments in areas outside the one in which they are buying their property.
The government is in the process of revising its citizenship-through-investment scheme, following complaints voiced by European politicians and negative press coverage abroad. It’s understood the tweaks will mainly involve imposing stricter controls on intermediaries, who receive a handsome commission. These are either real estate agents or lawyers.
The first set of figures released by the UK Government, after the Brexit vote, shows a significant increase in the number of new applicants for the UK Tier 1 (Investor) visa to 72 main applicants with 133 dependents. This is an increase of 80% from the previous quarter of 40 main applicants.
The UAE has signed memorandums of understanding (MoUs) with three new countries at the United Nations (UN) general assembly in New York. This means that Emirati nationals can now visit these countries visa-free, and vice versa! Might we just add that the three new countries added to the UAE’s already impressive roster of visa-free nations are absolutely beautiful?