There has been significant coverage in regional media in recent months on the subject of Citizenship By Investment (CBI) programmes, which are now operating in five Eastern Caribbean countries. Some of the commentary underestimates the crucial potential value of these programmes for the development of new hotels, as well as for the redevelopment and modernization of existing resorts.
David Jessop of the Caribbean Council wrote in a recent article, that “at a purely economic level, it is hard to understand why such schemes are not designed to be sustainable in ways that bring continuing income to the country concerned. Without any residency requirement there is no long term gain in the form of other taxes or fees.”
In an earlier report, the Migration Policy Institute (MPI) stated, “The economic benefits of the property model are unclear. Significant property purchase may raise housing values and help stabilize declining prices — albeit only at the high end of the market, as programs impose minimum property values,”
Read more by clicking below image