Author page: Prabhu Balakrishnan

List of Golden passports

List of Golden passports

Golden passports are special passports that are acquired through citizenship by investment (CBI) schemes. The roots of golden passports can be traced back to the 1980s when tax havens in the Pacific and Caribbean began “citizenship-for-sale” programs that facilitated visa-free travel and provided tax advantages. Even before that St Kitts became the first country in the world to offer golden…

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Important changes to CIP Saint Lucia

Important changes to CIP Saint Lucia

Saint Lucia has made changes to CBI legislation under Citizenship by Investment Amendment (Act 12) of 2019. The changes has been approved and published in the Saint Lucia official gazette of the government. By passing these amendments, St Lucia has simplified citizenship by investment rules for dependants, making it competitive with other CIP’s in the caribbean. Among the most important…

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CIP to bring additional €105m annual revenues to Cyprus

CIP to bring additional €105m annual revenues to Cyprus

The Council of Ministers made a decision to increase the prices of Cyprus citizenship investment scheme from €2m  by €150,000 which came into effect from May 15, 2019.   CIP applicants are required to contribute €150,000 for Research/Innovation and Housing development of Cyprus (€75K for research and €75K for housing). Donations had to be made Research and Innovation Foundation and…

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Loss of Citizenship by Fraud

Loss of Citizenship by Fraud

Acquisition of Citizenship by fraud is a major concern in many countries and laws have been enacted to strip or take away citizenship from such individuals who commit fraud by for concealment, misrepresentation or presenting fake documents.   Loss of citizenship can result in statelessness unless dual nationals.   These are the countries that have laws to nullify citizenship based…

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Top 10 Richest Caribbean Islands

Top 10 Richest Caribbean Islands

Rich Caribbean countries have been a magnet attracting HNWI and millionaires., Cayman and British virgin islands, US Virgin islands are the top richest and wealthiest islands in the Caribbean as of 2022, according to the GDP per capita data from Worldbank. GDP per Capita GDP per capita is often considered a good indicator of the standard of living of a…

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