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EU and US issue guidelines for CBI Programs
The US and EU authorities have made specific recommendations to Caribbean nations that have CBI programmes, to further strengthen high levels of background checks, prevent money laundering and tax evasion. High levels meeting were held by caribbean governments with US and EU authorities this year. US Guidelines The following recommendations were put forth by US…
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Major Changes to SKN Citizenship by Investment
Effective Jul 27, 2023, The Government of Saint Kitts and Nevis has announced important changes to the SKN Citizenship by investment program. These changes are aimed at safeguarding the nation’s integrity, preserving the privileged status of being a citizen of St Kitts and Nevis in line with the EU recommendations and to safeguard visa waiver…
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St.Kitts Launches Sustainable Island State Contribution Fund
The Government of Saint Kitts and Nevis has announced launch of a new investment option called the Sustainable Island State Contribution (SISC) replacing the current Sustainable Growth Fund (SGF) effective from Jul 27, 2023. All citizenship by investment applications under donation will be only accepted under SISC from this date. The Limited time offer under…
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St.Kitts Raises Minimum Investment for Citizenship by Investment
The Government of St Kitts and Nevis has made sweeping changes to its Citizenship by Investment Programme, increasing the minimum investment required which include the introduction of a new investment option called the Sustainable Island State Contribution (SISC). The SISC replaces the previous Sustainable Growth Fund (SGF) and investors contributing towards this option will be…
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Risk Analysis with Citizenship By Investment
The Citizenship By investment schemes (CBI) pose several risks, unless proper vetting is done on candidates applying for investment schemes. Recently United Kingdom and European Union has removed visa free perk to passport holders of certain countries who pose a threat to external borders abusing visa waiver agreements. Previously Canada impose a visas on caribbean…
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CIU Antigua Reinstates 5 Day Visit Requirement
Expired passports issued under CIP, won’t be renewed without evidence of 5 day visit to Antigua. Deprivation of citizenship may also occur for investors and their family members.
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Portugal Votes to Scrap Real Estate and Keep Golden Visa Program
The Portuguese parliament has voted to continue the golden visa program leaving aside the real estate and capital transfer routes (1.5 million in bonds, bank deposit) in the final global vote on Jul 19, 2023. The bill will now be sent to the president for signing who has the power to approve, veto or sent…
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Saint Lucia Qualifies for Visa-free travel to Canada
Citizens of Saint Lucia who have either held a Canadian visa in the last 10 years or a valid US non-immigrant visa can apply for Canada eTA to travel visa free by Air.
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Dominica and Vanuatu Lose UK Visa Free Access
Nationals of Vanuatu and Dominica can apply for Standard Visitor Visa can be used for tourism, business, study for short visits up to 6 months. Applicants can apply up to three months in advance of travel.
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Portugal Golden Visa Update on Current Situation
On April 14th 2023, the Portuguese government has submitted the final version of the draft law regarding the golden visa program before the Parliament. This draft law (and important to highlight, it’s still a project), will now be discussed in the Parliament (in two stages: general and specific discussions), voted and approved in the Portuguese…