For several years now BDF have been stressing the importance of the Grenada CBI (Citizenship by Investment) scheme, under which investors who invest $350,000 or more in Grenada real estate projects qualify for Grenadan citizenship – fairly desirable given that the Grenadan passport is in the top 40 most powerful in the world.
The UK operates, or rather operated, a similar scheme, called the Tier 1 Investment Visa. It’s something that BDF directors Michael Gunn & Kash Lais have been pushing via their other company Global Citizen Realty. Essentially this is a means for wealthy foreign citizens to obtain UK residency by investing pots of cash and becoming directors of UK companies. GCR’s Tier 1 service includes “A suite of real estate investment products to be marketed to High Net Worth Investors in your country of origin“.
Whilst the website doesn’t make exactly clear what these investment products actually are, the website is still pushing the Bacolet Bay project, and a bit of Twitter searching also throws up something even more dubious:
Cambridge? Rampant holiday lets, expansion “brand” student accommodation, demolition family homes for corporate flats Who is buying? “applicant, GCR Camprop Three Ltd, shares 2 directors with Global Citizen Realty Ltd (GCR), “boutique firm of private equity real estate advisors”
Michael Gunn Director of Global Citizen Reality and GCR Camprop Three Ltd, who are seeking to demolish 18 Panton St, a viable family home, for flats. Is he just a victim of government legislation that allows this ? Or does he have a choice to do something more positive ?
Who is buying Cambridge? Panton St Conservation area plans for demolition viable family home & flats Applicant GCR CampropThree Ltd shares 2 directors with Global Citizen Realty Ltd (GCR) “opportunities for wealthy overseas investors get Br Tier 1 Visas” https://t.co/fM0DHUUKrK
http://bacoletbayinvestors.com/wp-content/uploads/2018/12/uk-passport.jpg374714BBIGhttp://bacoletbayinvestors.com/wp-content/uploads/2018/11/bacolet-bay.pngBBIG2018-12-10 06:15:522018-12-10 06:16:19Gunn, Lais & the Golden Visas