Caribbean Countries Implement Agreement on Citizenship by Investment Programs

The Caribbean countries offering Citizenship by Investment (CBI) Programs are swiftly implementing the Memorandum of Agreement (MOA) signed by Antigua & Barbuda, the Commonwealth of Dominica, Grenada, St. Kitts & Nevis, and Saint Lucia.

The MOA, published in March 2024, aims to ensure cooperation, information sharing, and adherence to common standards of best practice and regulatory oversight.

As of July 1, 2024, the minimum price for any CBI option will be set at US$200,000, which will be paid into government funds, projects, or private development projects in participating countries.

The participating governments will appoint a 7-member Interim Regulatory Commission, drawn from each participating country, the OECS Commission, and the Eastern Caribbean Central Bank.

The regional regulator will be responsible for developing, issuing, and enforcing regional standards for CBI Programs, monitoring compliance with legislation, regulations, standards, and international agreements, investigating complaints, and facilitating information sharing and engagements with regional and international stakeholders.

The CBI countries have developed work streams for all articles of the MOA and will provide periodic updates on its implementation.

Meanwhile, the deadline to submit applications at the current price is fast approaching on June 30th, 2024. We encourage you to reach out to our experts immediately for more information.

 

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