On March 20, 2024, 4 Caribbean countries signed a memorandum of agreement (MOA) to unify and regulate CBI programs.
Antigua and Barbuda, Dominica, Grenada, and St Kitts and Nevis signed this agreement while Saint Lucia was outside this agreement, for reasons that may be explained later.
What are the benefits of this agreement on CBI programs in the Caribbean?
- Standardized minimum investment: $200,000 for all four programs by June 30, 2024.
- Promoting transparency: sharing information between countries, and establishing a digital portal with the Joint Regional Communications Center (JRCC) in Barbados.
- Establishment of a joint regional authority: to set international standards and regulate programmes.
- Cooperation in Due Diligence process: to ensure the security of citizens of citizenship by investment programmes.
- Regulating agents: Preventing the use of misleading terms such as “visa-free access.”
What are the objectives of the Caribbean Islands Convention?
- Increase confidence in the legitimacy of CBI Programs.
- Ensuring stability of investments.
- Creating a safe and transparent path to Caribbean citizenship.
Prime Minister Dickon Mitchell of Grenada also praised the agreement, saying: “This agreement will put an end to the underselling and financial discrepancies that have drawn criticism in previous CBI Programs.” While Prime Minister Terrance Drew of Saint Kitts and Nevis expressed his support for the agreement, stressing its importance in improving citizenship by investment programmes. This agreement represents a milestone in the history of CBI programs in the Caribbean region.
We, as experts at NTL, see this agreement as a milestone in the history of citizenship by investment programs in the Caribbean region.
The World’s Top Ten Citizenship by Investment Programs for 2020
Find out The World’s Top Ten Citizenship by Investment Programs for 2020
April 1st, 2020, A New Start for The Future of Iraqi Investors
After having banned citizens of some countries from applying for its citizenship, who are Iraq, Afghanistan, Yemen, Sudan, Iran and North Korea, The state of Antigua & Barbuda gives Iraq an auspicious exception that would open the door to the second citizenship for Iraqis citizens on the 1st of April 2020, while the rest of the countries bans were conditionally cancelled.
The World’s Top Ten Residency By Investment Programs for 2020
What are the world’s Top Ten Residency By Investment Programs for 2020?
Türkiye’s Transition to The Electronic System E-Devlet
Türkiye’s transition to the Electronic system:
Day-after-day e-government services in Türkiye contribute to facilitating the daily lives and transactions of citizens and residents by saving time and efforts. These services vary between municipal services, ministries services, issues related to judicial cases, registration procedures for exams and universities, health and social insurance procedures. Besides, patients can obtain appointments at hospitals through the Internet, in addition to the possibility of applying for unemployment aids and applying for a passport.
Turkish Economy Exceeded Expectations
The Turkish economy delivered a performance that exceeded expectations last year and is forecast to post significant growth this year.
According to the Investment Office of the Presidency of the Turkish Republic, Türkiye has jumped up 10 places and ranked 33rd in the World Bank’s Doing Business 2020 report. It ranked 69th in 2017, 60th in 2018, and 43rd in the 2019 editions of this report.