CBI Summit Gaston BrowneRepresentatives from La Vida attended the Caribbean Citizenship by Investment summit held last week on the island of St. Kitts. Antigua Prime Minister Gaston Browne pictured centre opened the conference. The summit, held at the Marriott Hotel, featured the five Caribbean countries offering Citizenship by Investment programmes. The theme of this year’s conference was “Transparency and Sustainability: CIPs in the New World.” The conference was attended by the heads of the Citizenship Investment Units from each of the countries and other key players from within the industry. Topics covered during the conference included Due Diligence and Sustainable Investment along with other relevant issues affecting the industry. It was supported by the Prime Ministers of Antigua & Barbuda and St. Kitts who were both in attendance.

The conference was an ideal opportunity for La Vida to meet with its many partners in the Caribbean and to further undertake a five island tour of St. Kitts, Antigua, Dominica, St. Lucia and Grenada. In part to meet with the Citizenship Investment Units, our processing partner lawyers and in particular to visit the select number of real estate developments that La Vida chooses to promote to our clients. This tour was essential in ensuring that such developers are delivering on their promises not only for the real estate projects we decide to work with but also to see in some cases, lack of progress on those we choose to decline.

It is fair to say that the majority of international agencies promoting investment in the Caribbean will never visit the projects they promote. Any prospective investor considering the Caribbean would be wise to do their due diligence on any company they choose to work with and ask the question of whether they have actually visited and verified the projects they are promoting. There are over 20 such projects to choose from on St. Kitts alone. La Vida chooses to work with the select few we consider have sufficient funding, branding and prestige to underpin future returns of both income and capital. And critically those that have demonstrated either tangible results in terms of construction and progress or are already built and operating. Some projects which prospective investors may see promoted elsewhere, failed to meet our specification. La Vida visited over 20 projects during the course of our two week inspection of the islands narrowing this down to a select few on each island that we will continue to promote, including some new exciting additions to our offering.

Our professional advisors are fully briefed on the merits and details of the programmes we choose to promote. For details on those real estate projects that meet our requirements for citizenship investment please contact our advisors in the UK on +44 207 060 1475.

Tags: antigua, Caribbean Citizenship by Investment News, st kitts


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