Following the expansion of two boutique hotels in leading CBI Caribbean country Antigua & Barbuda, international HNWIs have the opportunity to invest shares in exchange for citizenship of this Caribbean nation
Following media criticism of Cyprus' Citizenship by Investment programme and a subsequent investigation exposing political abuse, the Cypriot government has today announced that it will suspend its highly successful Citizenship by Investment programme, taking effect from November 1.
The first seven months of 2020, from January to July, has seen a 43% decline (compared to 2019) in property sales in Cyprus to foreigners, according to official statistics.
On July 31, Cyprus Parliament approved two proposed regulations which are set to tighten the country’s citizenship by investment programme.
Previous criticism of Malta’s citizenship by investment programme has led to the government recently overhauling it, announcing in July that a new CBI programme with new rules is set to launch from September. So what does that mean for advisory firm, Henley & Partners?