Hidden Costs Adds Thousands to Price of Cayman Islands Permanent Residence

Experts are warning foreigners of high unstated costs involved in applying for permanent residence in the Cayman Islands that can potentially add thousands of dollars to what is already an expensive process. The upfront costs of Cayman Islands permanent residence application  were greatly increased under amendments made to the immigration law in 2013, with the costs…

US to Start State-Run EB-5 Regional Center in Maine

The US state of Maine is looking to start its own EB-5 regional center to help attract more direct foreign investment, according to the Maine Department of Economic and Community Development (MDECD). “The state is interested in establishing a state-run EB-5 regional center in the absence of activity within existing EB-5 regional centers in Maine,”…

Overview of Cayman Islands’ PR Application Fees and Charges

Applicants seeking permanent residence in the Cayman Islands are required to purchase property, invest in government bonds, set up bank deposits, or carry out other transactions to comply with the provisions of the nation’s investment immigration program. Along with these costs, applicants must also provide for fees, charges, and other costs involved in the application.…

Middle East seeing rise in residents obtaining a second passport

A growing number of residents in the UAE and other countries in the Middle East are investing heavily to obtain a second passport, with around 30 to 40 per cent of applicants to Malta’s Individual Investor Program (IIP) coming from the Middle East and North Africa (MENA). MENA residents have proven to be one of…

Experts Back Reforms to St. Kitts and Nevis Citizenship Program

The government of St. Kitts and Nevis have implemented major safeguards to strengthen its St. Kitts and Nevis Citizenship by Investment (CBI) Program. This follows a series of recommendations implemented by the SKN government to improve the screening and due diligence process for approving applications to the CBI program. The changes are expected to lead to…