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Global CIPs Have Removed 36 Accredited Agents Since December, Added 17

May 4, 2020

In the first four months of 2020, authorities of the 10 citizenship by investment programs that mandate applications be filed by accredited agents have removed a total of 36 accreditations and added 17. The 19-strong net drop in the number of accredited agents worldwide represents the first significant reduction since we began measuring toward the end of 2018.

In aggregate, there are now 962 accredited agents globally, about two-thirds of whom are licensed under the Cypriot CIP. While Cyprus has more accredited agents than all other countries combined, Saint Kitts – where more than one in a thousand residents are accredited agents under the country’s CIP – has the most on a per-capita basis.

See below an overview of how many accreditations each program withdrew and issued, as well as who the newly accredited agents are. We have refrained from naming those agents whose accreditations were withdrawn so as to not unnecessarily draw into question the reputations of companies that, after all, may have perfectly legitimate reasons for no longer being accredited.

The Antigua & Barbuda Citizenship by Investment Program
Total accredited agents: 32
Accreditations withdrawn since Dec 2019: 2
Accreditations issued since Dec 2019: 1 (Elisabeth Makhoul)
Change since Dec 2019: -1

The Cyprus Citizenship by Investment Program
Total accredited agents: 611
Accreditations withdrawn since Dec 2019: 17
Accreditations issued since Dec 2019: 4
Change since Dec 2019: -13

The Dominica Citizenship by Investment Program
Total accredited agents: 51
Accreditations withdrawn since Dec 2019: 2
Accreditations issued since Dec 2019: 4 (AAA Associates, Advance Global Partners, Alt Air for Tourism, Migronis Ltd.)
Change since Dec 2019: +2

The Grenada Citizenship by Investment Program
Total accredited agents: 20
Accreditations withdrawn since Dec 2019: 0
Accreditations issued since Dec 2019: 0
Change since Dec 2019: None

More From This Category

The net drop in the number of accredited agents worldwide represents the first significant reduction since we began measuring at the end of 2018.

Even among those whose portfolios have taken a painful beating, willingness to consider RCBI programs has held up well.

Malta, with only three deaths, 444 cases, and fourth in the world in terms of tests-per-million, is clearly setting an example for others to follow.

 

The Malta Individual Investor Program
Total accredited agents: 127
Accreditations withdrawn since Dec 2019: 12
Accreditations issued since Dec 2019: 6 (Dr. Michelle Grima, Kenneth Camilleri, Merinna Holdings Ltd., NCMB Consulting, Priscilla Mifsud Parker, Seed Business Advisory)
Change since Dec 2019: -6

The Moldova Citizenship by Investment Program
Total accredited agents: 9
Accreditations withdrawn since Dec 2019: 0
Accreditations issued since Dec 2019: 0
Change since Dec 2019: None

The Montenegro Citizenship by Investment Program
Total accredited agents: 3
Accreditations withdrawn since Dec 2019: 0
Accreditations issued since Dec 2019: 0
Change since Dec 2019: None

The Saint Kitts & Nevis Citizenship by Investment Program
Total accredited agents: 64
Accreditations withdrawn since Dec 2019: 1
Accreditations issued since Dec 2019: 2 (Chesley O. Hamilton, Kerryanne Amritt)
Change since Dec 2019: +1

The Saint Lucia Citizenship by Investment Program
Total accredited agents: 15
Accreditations withdrawn since Dec 2019: 1
Accreditations issued since Dec 2019: 0
Change since Dec 2019: -1

The Vanuatu Development Support Program
Total accredited agents: 30
Accreditations withdrawn since Dec 2019: 1
Accreditations issued since Dec 2019: 0
Change since Dec 2019: -1

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The post Global CIPs Have Removed 36 Accredited Agents Since December, Added 17 appeared first on Investment Migration Insider.