Q3 Processing Surge Propels Grenada CIP Toward Record Revenue Even as Application Volume Craters
While applications were down (71%) on the year in Q3, revenues are heading for all-time highs thanks to record processing efficiency.
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Caribbean
St Kitts & Nevis Lowers Real Estate Investment Thresholds Amid Other Changes
Facing 60% revenue free-fall, St Kitts launches aggressive CIP rescue plan: lower real estate investments and expanded dependent rules.
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St Lucia CIP Registers 85% Growth, Real Estate Claims 70% of Applications
One developer dominates St. Lucia’s CIP: Caribbean Galaxy’s Canelles Resort secured all 751 real estate applications worth US$203M.
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PM Drew Admits St Kitts Risked Losing EU Access Before Reforms Decimated CBI Revenues
PM Drew: “Ill-conceived Prison Project issued tens of thousands of citizenships,” which put EU and UK visa-free access in “grave jeopardy.”
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All-Time High: Antigua & Barbuda CBI Application Volume Up 205% Year-on-Year in H1 2024
Antigua & Barbuda’s brinkmanship on MoA implementation, which saw it remain the cheapest Caribbean CIP for a month, appears to have paid off.
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St Vincent Opposition Promises Citizenship by Investment Program (Again)
Could 2025 be the year St Vincent finally joins the CBI club? Opposition promises program if elected, challenging PM’s enduring objection.
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Opposition Challenges Dominica’s “Billion-Dollar” Citizenship Program as PM Skerrit Fires Back
Skerrit: CIP shutdown risks “dislocation.” Linton: Skerrit’s claim “deliberately misleading” and “disingenuous.”
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Dominica CBI Revenues at 37% of GDP: IMF Warns of “Over-Reliance”
CBI revenues of US$232 million helped fund Dominica’s geothermal plant and airport, accelerating national infrastructure development.
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Passport Potpourri: A Global Citizenship Digest
Opposition leaders seek to reclaim ‘the people’s money’ in Caribbean CIP lawsuit. Campaign for Italy citizenship reform gains momentum.
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New Regulator to Reshape Caribbean CBI Industry for the Better
The new CBI regulator aims to balance economic needs with compliance, tradition with progress, and national interests with global demands.
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St Kitts & Nevis Launches Expansive Probe into CIP Irregularities Pre-Dating Reforms
A foreign Special Prosecutor will lead the St Kitts CBI probe, PM Drew pledges full government backing and no “interference.”
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St Lucia Backdates CIP Enterprise Approvals, Sparks Opposition’s Ire
CIP Board reveals: Three major projects, including Galaxy’s, operated for years without official gazetting despite government approval.
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Michael Martin Resigns as St. Kitts and Nevis CIU CEO
St. Kitts and Nevis CIU CEO Michael Martin resigns. Government claims to have received 1,000 applications for the position.
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Caribbean to Appoint Joint CBI Regulator Following 3rd Meeting With US Treasury
Caribbean CBI countries have implemented four of six US-proposed principles. Two remain as nations prepare for new oversight.
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Grenada Investigates Heng Sheng for Alleged Discounts
IMA warns of license revocations and citizenship cancellations as Grenada cracks down on CBI marketing firm’s alleged discounts
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$13 Million in Payments to Khan: MSR Files BofA Transaction Records
“Extraordinary amount of money”: MSR alleges Les Khan’s company received $13.4M in transactions linked to CBI program.
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Winners and Losers of Caribbean CBI MoA
Manpreet Kataria, Patrick Peters, Nisha Mc Intyre, Omer Kahraman, and Anastasia Barna speculate on who will benefit from the Caribbean MoA.
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MSR Case: St. Kitts to Move Ahead with Judicial Review, US Court Green-Lights Bank Subpoenas
“The truth is coming out very shortly,” claims Philippe Martinez as he discusses the latest developments in the MSR case.
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Update: IMA Grenada Releases Richest CBI Data Set on Record, Includes Applicant Nationality Data for The First Time
Grenada has released the most comprehensive data set in its CBI program’s history. Revenues remain at record highs despite cratering application volume.
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Antigua & Barbuda CIP Announces New Prices and Dependent-Definitions
The new prices are lower than the ones the CIU previously proposed in June, and the memo outlines new criteria for dependent children.
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