Preliminary Due Diligence. Investors need to pass a preliminary Due Diligence as the first step to participate in the program. The Anti Money Laundering Officer of Immigrant Invest runs it.
The brothers went through the check successfully. They never had a criminal record; there was no discrediting information on the Internet. The brothers paid their personal and company taxes on time.
Collecting documents. Our clients handed the lawyers a standard package of documents for verification just 5 days after they signed an agreement with Immigrant Invest. The list of documents included:
copies of passports;
police clearance certificates;
bank statement for the last 12 months;
a copy of the child’s birth certificate;
a copy of the marriage certificate;
copies of military cards;
certificates with HIV test results.
Tarak and Nirav wanted to use their savings to participate in the program. Investors saved up money even before they opened coffee shops 5—10 years ago. To prove the legality of the savings, they provided documents on income for that period.
Based on those documents, the lawyers prepared a history of investors’ welfare and filled out the necessary questionnaires and forms.
Sending documents and Due Diligence. When the documents were collected, the investors paid a Due Diligence fee to the St Kitts and Nevis CBI Unit. The scans of documents were uploaded to a special portal; the originals were sent to St Kitts and Nevis by mail.
In September 2021, we received a response from the CBI Unit: Due Diligence took four months. The candidates were approved without additional requests. They had to contribute to the program and get second passports.
Investing. The investors had 90 days to transfer the contribution to the CBI Unit account by bank transfer. It took about three weeks for the payment to be verified and credited.
On August 17th, 2021, we received naturalisation certificates and passports for the investors. We forwarded the documents to the brother’s office in New Delhi.
$158,261 and $188,022 were spent by Tarak and Nirav to obtain second passports
Preliminary Due Diligence
Signing an agreement with Immigrant Invest
Preparing and sending documents
Due Diligence by the St Kitts and Nevis CBI Unit$7,500 for Tarak$11,500 for Nirav and his wife
Payment for investments$150,000 for Tarak$175,000 for Nirav and his wife
Issuing passports and naturalisation certificates$411 for Tarak$822 for Nirav and his wife
Getting passports by courier
