CBI programs tend to have a limited lifeline and doors close fast. As of 2023, a total of four countries have officially terminated and permanently closed their citizenship by investment programs. No applications are accepted from investors. It is interesting to note at all the closed CBI programs were European countries (2 EU member states and 2 Non-EU). Cyprus –…
A passport is an international travel document issued by a government to a citizen of that country. A single person can hold multiple passports, as they hold multiple citizenships. Misusing a passport is a federal crime in many countries subjected to fine and imprisonment. In 2020, nearly 100 million travel documents were reported lost or stolen – suggesting the black…
The Government of St.Kitts and Nevis has announced creation of Sovereign wealth fund from CBI revenues. This will be first sovereign wealth fund in the world funded through citizenship by investment program. This great news was announced by Prime Minister Dr. Terrance Drew in Budget speech 2023. A Legislation and a high level management team will be created to carefully…
The Saint Lucia citizenship by investment program provides a facility to add dependents anytime within 5 years, post granting citizenship to principal applicant by paying a flat fee. This makes it convenient for families to add their family members without making entire investment at the start. St.Lucia citizen (granted through the CIP program) may add-on a qualifying dependent for the…
Montenegro citizenship by investment program closes after the expiry of the program in Dec 31, 2022. The program ran for three years. No further applications are accepted from Jan 1, 2023 onwards. The decision was taken by the current government to scrap the investor citizenship program to pursue EU acquis ambitions to meet the recommendation by European Commission against operating…
Effect Jan 1, 2023, The CIP Saint Lucia has launched the National Action Bonds under the Citizenship by Investment program, replacing the Covid relief bonds which ended on Dec 31, 2022. These special bonds will be issued by government at discounted rate for USD 300,000 (instead of $500,000). Saint Lucia is the only caribbean nation among all the CBI programs…
The US E-2 investor visas associated with golden visa have become recently a hot topic, asked by a number of property investors from India, China etc, as these country nationals are directly ineligible to apply for E-2 visas to United States. If you want to take a golden visa route it is important to note only after becoming a citizen…
The Government of Saint Lucia has implemented important changes to the CIP Regulations of the Citizenship by investment Program for 2023. The amendments to the existing CIP regulations will take effect from 1 January 2023. St Lucia will maintain highest and robust standards of due diligence. National Action Government Bond St.Lucia is perhaps the only country issuing fully refundable government…
The Government of Saint Kitts and Nevis under the new Prime Minister Dr. Terrance Drew has made major reforms enhancing the citizenship by investment program. The Government has Appointed New CEO Mr. Michael Martin for the Citizenship by Investment Unit (CIU) and the following changes to the CIP program were announced by the New CEO. The enhanced citizenship by investment…
The St.Kitts Government has officially announced limited time offer cutting CBI prices for Sustainable Growth Fund by US$ 25,000 under citizenship by investment programme, which will run only six months commencing Jan 1, 2023. The Sustainable Growth Fund remains the quickest and easiest route to second citizenship in St Kitts and Nevis and from 1 January to 30 June 2023,…
