EU examines visa waiver policy, C’bean CBI programs to be affected
Five Caribbean countries that operate Citizenship by Investment (CBI) programs are at risk of losing their visa-free access to the European Union as the body is looking at strengthening their visa waiver program to improve security and prevent illegal migration. On October 18, the EU Commission adopted a proposal for regulations to amend the current […]
4,342 CBI citizens approved between July 2022 and September 2023
Between January 2017 to September 2023, Grenada gained 11,814 new citizens through the Citizenship by Investment (CBI) programme with 4,342 or 37% of that number approved by the Dickon Mitchell cabinet during the 15-month period of July 2022 to September 2023. The previous Dr Keith Mitchell cabinet approved 7,472 new citizens between January 2017 and […]
EU examines visa waiver policy, C’bean CBI programs to be affected
Five Caribbean countries that operate Citizenship by Investment (CBI) programs are at risk of losing their visa-free access to the European Union as the body is looking at strengthening their visa waiver program to improve security and prevent illegal migration. On October 18, the EU Commission adopted a proposal for regulations to amend the current […]
Many Russians gained citizenship through CBI for first 6 months of 2023
Richard Duncan, Chairman of the Citizenship by Investment Committee (CBI), has disclosed that most of the people who gained Grenada’s citizenship through the Citizenship by Investment programme for the first 6 months of 2023 were Russian nationals. From January to June 2023, the Cabinet of Grenada approved 2011 people to become citizens of the country […]
St Kitts and Nevis tops 2023 global CBI index
The Caribbean nation of St Kitts and Nevis has topped this year’s CBI Index rankings for offering one of the best citizenship by investment (CBI) programmes in the world. In the CBI Index published by the Financial Times’ Professional Wealth Management Magazine, St Kitts and Nevis stood out for taking immediate and decisive action based on the […]
Dominica upgrading CBI measures
The Dominica government says it is making changes to its Citizenship by Investment Programme (CBI) a few weeks after the British government imposed visa restrictions on Dominicans entering the country. On July 19, London said the decision to impose the visa requirements with immediate effect on Dominica and four other countries had been “taken solely […]
Grenada decertifies five CBI companies
Grenada has decertified five projects under its Citizenship by Investment Programme (CBI) announcing also that the persons associated with these projects “shall immediately refrain from sourcing potential investors to invest in the decertified project”. Under the CBI, foreign investors are granted citizenship of Grenada in return for making a substantial investment in the socio-economic development […]
CBI revenue EC$157 million for first 6 months of 2023
From January to June 2023, the Citizenship by Investment (CBI) programme earned EC$157 million for the Government. This surpasses the amount earned in any given year since the programme began in 2014. Despite earning this massive revenue intake, the top revenue earners were the Inland Revenue Department which earned EC$229.3 million and the Customs Division, […]
NTF is main source of 2023 CBI revenue
The National Transformation Fund (NTF) option of the Citizenship by Investment (CBI) legislation appears to be the main source of revenue for the Government of Grenada, because the CBI Committee has not approved any new project for the year as of 15 June 2023. “There was no new project approved or gazetted for the year […]
