Caribbean Citizenship by Investment Programs: Unified Increase in Investment Minimum

In our ongoing commitment to keep you informed on the Citizenship by Investment (CIP) landscape in the Caribbean, we want to deliver a crucial update regarding investment thresholds. Last week, the Prime Ministers of Antigua & Barbuda, Dominica, Grenada, and Saint Kitts & Nevis have signed a comprehensive and historic Memorandum of Agreement (MoA). This agreement signals a collaborative effort to elevate and standardize the CIPs across these nations by implementing a harmonized investment threshold and integrating regulatory measures. Here’s what prospective investors need to know:

A Commitment to Consistency and Integrity

The MoA outlines a unanimous decision to establish a minimum investment sum of US$200,000 for each country’s CIP, effective by June 30th, 2024. This reflects a strategic alliance among these nations to align their CIPs with the standard introduced by Saint Kitts & Nevis earlier this year. This new investment threshold is a testament to the Caribbean’s dedication to maintaining CIPs that are secure, competitive, and of high quality.

Key Aspects of the MoA:

• Pricing Agreement: Ensuring a unified investment threshold for all signatory countries (US$200,000).
• Transparent and Secure Information Sharing: Committing to share data between CIPs and enhance program transparency.
• Regulation and Marketing Standards: Setting forth common standards for agent regulation and CIP marketing (remove use of passport photos and “visa-free access”).
• Security and Vetting: Strengthening post-approval screening of CIP citizens and the retrieval of canceled passports.

Impact on Potential Investors

This collective action aims to bring an end to the underselling of citizenship options and to preserve the CIPs as a valuable proposition for genuine investors. For those considering Caribbean citizenship, these impending changes are a call to action.

As a trusted advisor and facilitator in citizenship and investment services, Citizens International stands ready to assist clients through these changes. We recommend those interested in pursuing Caribbean citizenship to reach out to us as soon as possible. With these changes set to take effect by the end of June 2024, we invite clients to consider the advantages of the current investment environment. For detailed information, personalized advice, or to start your application, contact Citizens International for a free consultation.