In a historic decision, the Prime Ministers of Antigua & Barbuda, Dominica, Grenada, and Saint Kitts & Nevis have agreed to raise the minimum investment threshold of their respective citizenship by investment programs to $200,000, effective June 30th, 2024.
The governments of these 4 nations have signed an MoU to also closely integrate and harmonize aspects of their programs.
Saint Lucia was the only Caribbean CBI nation that did not sign this MoU.
Experts in the Citizenship by Investment industry say the terms in the agreement also aim to end past “underselling” issues and bring more integrity to the programs.
“As discussed in previous press releases and interviews over the past three years, we’ve been anticipating a price increase. This MoU formalises these expectations as well as setting a unified standard and prohibits underselling practices. This will ultimately benefit the entire industry by ensuring transparency and program integrity for all involved.” said Jeremy Savory, founder and CEO, Savory and Partners.
Citizenship By Investment FAQs: Most Asked Questions in 2024
A spokesperson at the company says they have strongly advised potential investors to secure pre-increase pricing on these citizenship programs.
“Our team maintains open communication with Caribbean governments, and we ensure to provide timely updates as they become available,” she said.
Need help deciding which second passport to invest in? Contact Savory & Partners today to book a comprehensive consultation with one of our experts.
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