INVESTMENT UPDATE

PRIME Minister Hubert Ingraham announced several changes to the National Investment Policy. This marked the first time since 1992 that there was a change to the policy. The government raised the minimum dollar requirement for direct foreign investment from $250,000 to $500,000 and increased the minimum required value of a residence acquired by a foreign person for the purpose of seeking accelerated consideration of permanent resident status from $500,000 to $1.5 million.

The update also saw the policy changed to remove the restriction prohibiting international investment in restaurants and/or entertainment facilities.

GLOBAL REVIEW

The Organisation for Economic Co-Operation and ...

Click here to read more at The Tribune