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Secret Bay: Dominica Named Best CBI Programme as Caribbean's Best Resort Prepares to Launch Sales for Phase 2

"Second citizenship is proving to be this year’s most coveted currency and Dominica, the Caribbean’s “Nature Island,” continues to be a leader in Citizenship by Investment programs. For the fourth consecutive year, the Caribbean island ranked first in the CBI Index, earning the title of the World’s Best Country for Second Citizenship by Professional Wealth Management magazine — a publication from the respected Financial Times and the most prestigious resource cataloging all active CBI programs across the globe.   With this, The Residences at Secret Bay, Dominica’s crown jewel development and only six-star all-villa resort that is praised by top-tier media around the world and global travelers...

Dominica Ranked #1 for Citizenship by Investment for the Fourth Consecutive Year

"For the fourth consecutive year, the Commonwealth of Dominica has ranked first in the 2020 edition of CBI Index by Professional Wealth Management magazine — a publication from the Financial Times.   The Dominica Citizenship by Investment Programme was initiated by the Government of Dominica in 1993. For 27 years, this programme has offered a unique opportunity for qualified individuals with the inclusion of their families, to obtain a second passport through a cost-effective, hassle-free and timely process. Over these years the programme has evolved to increase efficiency and value to meet the needs of the market.   Some of these improvements...

Citizenship by Investment: From a Luxury to a Necessity

Citizenship by investment, once the domain of the very few, is increasingly popular with discerning West African high net worth investors. The concept is very simple and enshrined in the relevant country’s No, thanks. I'll come back legislation: in return for a real estate investment or a contribution to the relevant country, an investor is afforded the opportunity to apply for citizenship of a country, and if successful, eligible for many of the benefits that follow, including visa-free travel to many worldwide destinations, access to a tax-efficient jurisdiction, and much more.  From its early beginnings about 40 years ago, it has grown...

China’s Millennials: What Does the World’s Largest Investor Migrant Group Want? Part 2

Coca Cola and Goji Berries   On December 16th, 1978, Jimmy Carter and Deng Xiaoping signed the Joint Communique on the Establishment of Diplomatic Relations between the People’ Republic of China and the United States of America, which normalized relations between two countries whose relationship had been anything but normal until then. A few days later, Coca Cola became the first foreign company in more than two decades to be allowed back into China.   Whereas today, an international beverage company might be expected to avoid political affiliation, the Coca Cola companies of the 1950s were one that actively sought to...

China’s Millennials: What Does the World’s Largest Investor Migrant Group Want? Part 1

As we enter 2020, even the youngest of those born in the 1980s are in their thirties. In China, this generation is quickly becoming the main driver of the country’s investment migration market. Millennials, here defined as those born between 1980 and 1996 account for about 23% of the overall population. Due to the rapid economic transformation of the country in the years since they were born, China’s millennials are very different, both from their parents and their children (who are just now being born).   Compared to their parents, millennials want very different things from life, work, and –...

All Citizens “Equal in The Eyes of The Vanuatu Govt.” Assures Chairman Warsal in Response to Media Reports

Vanuatu’s citizenship by investment programs have grabbed headlines over the last week chiefly for two reasons: First, because the government had signed an exclusive agreement with one of its Master Agents to handle applications from stateless investors. Second, because the country’s Deputy Prime Minister told Radio New Zealand that the government was preparing to issue yellow passports to those naturalizing via investment (as opposed to the ordinary green one issued to natural-born ni-Vanuatu), a statement that drew fervent reactions from the RCBI-community.   In a press statement issued today, prepared especially for IMI, the Chairman of Vanuatu’s Citizenship Commission, Ronald Warsal, for the first time...

Vanuatu Achieves Record Surplus Due to Citizenship Demand

Increased demand for economic citizenship of Vanuatu has given the cyclone-battered south pacific island a massive financial boost, achieving a record US$33.3 million surpluses in the first half of 2020 and marking a 32% year-on-year increase in citizenship-related revenues, exceeding, by August, its annual projection.   These record revenues of 3.8 billion Vatu (US$33.3 million) created courtesy of the country’s Citizenship by Investment programme, comes at a time when such funds are desperately needed to boost Vanuatu’s fragile economy, which has been recently doubly battered, first by the coronavirus pandemic (with many losses in tourism) and then by the category five...

Cyprus Investment Program: Parliament adopted changes to the program

Changes to the Cyprus Investment Programme officially published in the Government Gazette on August 17-18.   The Cyprus Investment Programme, based on the subjection (2) in section 111A of the Civil Registry Laws of 2002 - 2019, was approved by the Cyprus Council of Ministers on the 13th of September, 2016 and subsequently amended in May 2018, February May, and August of 2019 and August 2020. The latest amendments to the CIP are effective from 18 August and reflected in this memo for your ease of reference.   The amendments include the following changes:   The amount of the donation...