Tag: Citizenship by Investment
-
The Sustainable Growth Fund for Investors Seeking Second Citizenship Shows Promising Results
LONDON, Aug. 13, 2019 /PRNewswire/ — The Caribbean islands of St Kitts and Nevis have been attracting foreign investors seeking second citizenship for 35 years in exchange for their contribution. This gave the country considerable funds to develop the islands and sustain a fifth of its GDP. During a recent radio interview, the Prime Minister of St Kitts and Nevis announced that the Federal Government…
-
7% of St Kitts and Nevis’ Population Receives a Monthly Stipend from Citizenship by Investment Revenue
LONDON, July 19, 2019 /PRNewswire/ — Under the new Poverty Alleviation Programme, St Kitts and Nevis has been providing 7% of its population with a monthly stipend using funds from its successful Citizenship by Investment (CBI) Programme. During a recent press conference, Prime Minister Timothy Harris revealed that the programme had already distributed EC$13.6 million (≈US$5 million) to nearly 4,000 qualifying households since its…
-
Dominica Citizenship by Investment: An Applicant’s Milestones
LONDON, July 5, 2019 /PRNewswire/ — The process of obtaining economic citizenship of the Commonwealth of Dominica is straightforward and has been praised for its simplicity and effectiveness in several publications, including Professional Wealth Management’s CBI Index, which evaluates and ranks all of the world’s active citizenship by investment jurisdictions. Uncomplicated processing, however, should not be confused with a lack…
-
EY Highlight Difference Between Citizenship by Investment and Tax Residency
LONDON, June 25, 2019 /PRNewswire/ — During an event hosted in St Kitts and Nevis last week, an Ernst & Young (EY) tax specialist reiterated the importance of grasping the difference between citizenship and tax residency – a mistake still commonly made by journalists and lawmakers unfamiliar with the concept of citizenship by investment (CBI). Wade George, Tax Managing Partner…
-
Get EU residency by buying a property in Cyprus
At the moment there is a growing urgency for many South Africans to want to diversify and invest in offshore property to secure a Plan B; as the property investment offers an insurance against political instability and economic risk. Europe is by far still the preferred property investment destination as not only does the EU…
-
“Business as Usual”: Citizenship by Investment Unit Continues Processing Applications for Citizenship Despite Island’s Challenges
ROSEAU, Commonwealth of Dominica, September 28, 2017 /PRNewswire/ — [box]In keeping with the stability and resilience for which the programme and the island of Dominica is known, the Citizenship by Investment Unit is back in full operation, following the events of last week.[/box] Owing to the rigorous processes that have been established over years of refinement, the Unit has had…
-
Armenia commits to significantly boosting foreign direct investments
MONTREAL, June 2, 2017 /PRNewswire/ – Arton Capital has been appointed to study and evaluate Armenia’s potential to develop and market an immigrant investor program, following an invitation from the International Centre for Migration Policy Development. The ICMPD seeks to promote innovative and sustainable migration policies around the world. The initiative comes as a series of…
-
The $2 Billion Market For Passports
As migration and inequality continue to get significant attention from US presidential candidates, it is worth noting a rising phenomenon at the intersection of these two topics: economic citizenship. A growing number of countries offer individuals passports in return for investment, and the wealthy have been taking advantage in increasing numbers. In 2014, the global rich spent…
-
Elite Lawyers now Selling Caribbean Tax Haven as Havens from Terror, Too
Caribbean nations have long served as tax havens for the world’s economic elite, with many offering so-called economic citizenship where, for large payments, one can simply buy citizenship in their countries. That can save the 1 percent a pretty penny. Overseas tax evasion costs the U.S. government as much as $100 billion each year. But…