The Government of Dominica improves its Citizenship-by-Investment Program again. Beginning with the 1st of December 2016 the following amendments are introduced in order to make the program even more attractive to foreign investors:
*** UPDATE (28 May, 2015): the agreement has been signed. See the official press release.
Citizens of Dominica will no longer require a Schengen visa for a short stay visit up to 90 days for business, family and touristic purposes in Europe.
European Commission proposes visa-free travel to citizens of the Commonwealth of Dominica, among 19 Nations in the Caribbean, Pacific, and the Middle East added to the list of countries and territories exempt from the visa obligation.
Updated on Sept. 1, 2012: the new investment requirements are in force.
Last chance to apply for citizenship of Dominica on lower investment requirements expires on the 1st of September 2012.
On 17 July 2012 the government of Dominica in the person of the Prime Minister Roosevelt Skerrit announced adjustments to the Dominica Economic Citizenship Program.
The main purposes of the program review were strengthening of administrative procedures and encouragement of foreign investments in local opportunities.
In January 2012 St. Kitts and Nevis upgraded the machine-readable CARICOM common passport to new security standards. All nationals of St. Kitts & Nevis will hold biometric passports. St. Kitts-Nevis is the first nation in the Eastern Caribbean and second to the Bahamas in CARICOM to launch new biometric passport and bring the traveling safety to a higher level.
Seychelles offshore companies are now required to keep full accounting records and supporting documents sufficient to reflect the real business situation of the company.
“Red light” to investors from Iran. St. Kitts & Nevis imposed sanctions on Iranian investors to suspend them from the Citizenship-by-Investment Programme.
On November 30, 2011, Wednesday, the Government of St. Kitts & Nevis publicly announced the immediate suspension of Iranian investors from participation in its Citizenship-by-Investment Programme. Restriction applies to nationals of Iran and their families residing on the territory of Iran. They are no longer allowed to apply for St. Kitts and Nevis citizenship as investors from other countries.
The Citizenship-by-Investment program of St. Kitts and Nevis undergoes changes of the terms and conditions. Major amendments involve higher registration fees and investment requirements.
New regulations published on 15th of September 2011 are to become effective since the 1st of January 2012.
If you consider obtaining St. Kitts citizenship to your benefits, you are welcome to apply before the end of 2011 and save a substantial amount.
As you begin to accumulate wealth and have some assets to protect, it is a good idea to implement asset protection strategies. Otherwise, you run a pretty high risk of being left with nothing at any moment. Whether it is your personal assets, or business property, potential creditors are able to take it all from you – the legal system today often appears to be structured in favor of plaintiffs, rather than defendants. Below, we outline a brief overview of existing schemes and methods, as well as the most important issues relating to asset protection.
Payment card is one of the most popular payment instruments. You can hardly find a person who never used it or never heard about it. And one common question people have is what payment card to choose and where to order it. If a decade ago payment cards classification was rather simple, you were choosing between “credit” and “debit” cards, now there are lots of very interesting and useful “hybrids”. Prepaid card is of particular interest. It is a very good instrument for those who do not qualify for credit cards because of bad credit report, and is particularly reasonable for many business purposes as well.
Managing foreign bank accounts can be complex, unless you choose the right bank and the right type of account. The recommended and mostly efficient options would be to hold either one multi currency bank account or several bank accounts but in one bank. Benefits and differences of both options are discussed below.