This threshold has been agreed upon by all the above participating Organisation of Eastern Caribbean States (OECS) nations as part of the Memorandum of Agreement (MoA) recently reached.

Caribbean Citizenship by Investment 2024 Regulation and Pricing Updates

Antigua and Barbuda

Antigua and Barbuda will be increasing the minimum investment threshold for their CBI Programme on 30 July 2024.

The adjustments entail a 30-day extension for submission.

Applications received prior to the 30 July 2024 deadline will retain the current fee structure. Furthermore, a mandatory 21-day window is in place for the submission of the comprehensive hardcopy documentation subsequent to the electronic filing.

Dominica

Effective 1 July 2024, for Dominica, the following CBI Regulations 2024 came into effect, related to:

• The Economic Diversification Fund
• Real Estate Investments
• Financial Intelligence Unit
• Explicit Change of Name Prohibition

New Minimum Investment Thresholds:

• Economic Diversification Fund: US$200,000 for the Main Applicant
• Real Estate Investments: Minimum investment remains at US$200,000
• New Government Fees: US$75,000 for a Single Applicant

Grenada

Effective 1 July 2024, the following CBI Regulations 2024 have come into effect, related to:

• The National Transformation Fund
• Approved Project Investment Option (Real Estate)

New Minimum Investment Thresholds:

• National Transformation Fund Option: US$235,000 for a Single Applicant or a Main Applicant and up to three dependants.
• Approved Project Investment Option (Real Estate): US$270,000 (for each share in the unit):
  Minimum independent investment: US$350,000
  Minimum joint investment in tourism accommodation: US$270,000 per investor (total value of the investment: US$540,000)

Saint Lucia

Effective 1 July 2024, the following CBI Regulations 2024 have come into effect, related to:

• The National Economic Fund
• Approved Real Estate Projects

New Minimum Investment Thresholds:

• National Economic Fund Option: US$240,000 for a Single Applicant and up to three qualifying dependants.
• Approved Real Estate Projects: US$300,000 (plus applicable administration fees) for a Single Applicant and any number of qualifying dependants.

St. Kitts and Nevis

St. Kitts and Nevis pioneered price adjustments by initiating an initial price increase in July 2023. The latest modifications represent a slight adjustment to the pricing structure, without surpassing the established US$250,000 threshold.

The enactment of SRO 20 of 2024, officially published on 8 July 2024, introduces crucial amendments to the nation’s CBI Programme regulations, aligning them with the most recent legislative Act.

New Minimum Investment Thresholds:

• Sustainable Island State Contribution: US$250,000 for a Single Applicant and up to three dependants.
• Exemption of post-approval Government fee of US$25,000 for main applicant when applying through the Public Benefit Option.

Contact us if you have any questions or would like more information on any of the Caribbean Citizenship by Investment Programmes.

Also Read: Reliable Citizenship by Investment: St Kitts and Nevis 

A world class CBI programme

St Kitts and Nevis’s CBI Programme has led the CBI industry for nearly four decades thanks to the innovation and commitment from the Unit’s  operations in the country. It is as a result of this innovation that the programme continues to change and remains a respected investment opportunity. 

The four types of CBI opportunities in St Kitts and Nevis

1. The Sustainable Growth Fund (SGF)
2. Pre-Approved Real Estate
3. Private Home Sale Investment Option
4. Public Benefit Option

Seven benefits of the St Kitts and Neves citizenship programme

 It’s easy to see why St Kitts and Nevis has one of the most sought-after citizenship programmes in the world. It offers high net-worth individuals (HNWIs) a plethora of benefits, including: 

1. Alternative citizenship
2. A favourable tax regime
3. The opportunity for business expansion
4. Possible increased safety and security
5. Lifetime citizenship
6. The ability to pass on citizenship
7. Efficient processing time

Latest St Kitts and Nevis CBI updates

St Kitts and Nevis are once again paving the way in the investment migration industry when it comes to due diligence. The country is building a solid foundation for wise investors and HNWIs. This is as a result of the new added layer of integrity that Michael Martin aims to introduce. The most significant adjustment to the programme is the addition of a technical committee as well as a board of governors.

Additionally, the cornerstones of the St Kitts and Nevis CBI programme will hinge on these three key objectives:

1. Good governance,
2. pragmatism and,
3. sustainability.

The role of the St Kitts and Nevis CBI technical committee.

The role of the St Kitts and Nevis CBI technical committee is to ensure that all CBI applications are scrutinised and that all due diligence background checks are carried out. This is to hopefully further the good governance goal of the programme. To a greater extent, The Prime Minister will also receive recommendations from this committee.

The role of the CBI board of governors

A professional CBI board of governors will oversee the Unit’s operations as well as create and implement various policies and procedures. The final goal is to have the most secure CBI programme possible.

These changes are part of the government’s tireless efforts to create conditions necessary for sustainable economic growth and diverse business opportunities.

You can become a citizen of St Kitts and Nevis in just 60 days!

Through its Sustainable Growth Fund (SGF), St Kitts and Nevis is giving potential citizens the possibility to obtain second citizenship in as little as 60 days. The SGF Limited Time Offer may be exactly what you’ve been waiting for…

To prevent missing out on this opportunity, we invite you to reach out to one of our specialists today so that you hear more about becoming a citizen of this exceptional Caribbean twin-isle nation in just 60 days.

What is Citizenship by Investment Unit?

CBI Units are put in place to oversee the proper functioning of each CBI Programme. The establishment of a CBI Unit as a separate agency is required for each CBI Programme according to its respective CBI regulations.

Also Read: Most reputable CBI programmes 

The role of  The Unit is:

• To receive, process and approve applications
• The approval of Real Estate projects
• Any policy regulations or changes that strengthen the programmes
• Conduct due diligence operations and background checks of the applicants
• Conduct due diligence and do background checks of the applicants
• To appoint authorised agents as well as marketing agents
• Recommend approved investor applicants for citizenship to the minister
• The issuing citizenship certificates
• Initiate and implement rules for the promotion and marketing of CBI Programmes
• Provide consultation and training for agents
• Liase with third party due diligence providers regarding the vetting of applicants
• The sharing of applicant data with other CBI Units in other countries
•  Provide a reason for application refusals
• Notify the Passport office to issue passport for investors who have been approved
• Organise events and conferences
• To publish reports and statistics applicable to the CBI Programme

Grenada Citizenship by Investment Programme

Grenada has several reasons to be a favourite among high net-worth individuals (HNWIs). Having re-launched, restructured and redeveloped, its CBI Programme in 2013, the Caribbean island-nation has become a popular second citizenship option, particularly among those with larger families.

Affectionately known as the Spice Island due to its rich heritage of growing and trading spices, Grenada basks in a year-round tropical climate with cooling trade winds that make the many hours of sunshine all the more pleasant. It also boasts excellent healthcare and education systems and is among the safest nations in the Caribbean. Incredible scenery, rich biodiversity, exquisite cuisine, and a welcoming community only add to this tri-island paradise’s lure.

CBI in Grenada is available through two options: The National Transformation Fund and the Pre-Approved Project (Real Estate) Option. Additionally, both options have basic fees that apply.

For more information on the Grenada Citizenship by Investment options, click here. 

Who is Thomas Anthony?

The new Unit CEO, Thomas Anthony, an Accredited Director, Certified Financial Crime Specialist and member of the Chartered Institute of Bankers. In his new role as the Grenada Citizenship by Investment CEO, Mr. Anthony will be responsible for strategising as well as leading the implementation of the Grenada CBI Programme. Understandably, this should all happen in accordance with the Grenada CBI Act 2013 as amended and regulations.

Further, Mr Anthony has the momentous task of achieving key performance targets as well as ensuring best practices when it comes to efficiency and economy. This should be a welcome challenge for the former commercial, investment and retail banker who has 26 years of experience. Aptly, Mr Thomas worked across financial security as well as banking sectors in Antigua, Saint Lucia and Miami, USA.

His many roles include: 

• Portfolio Manager
• Financial Advisor
• Loans Manager
• Debt Recovery Manager
• Investment Manager
• Wealth Manager

Additionally, his experience in the Investment Migration Industry includes: 

1. Project Development Officer, Deputy Chief Executive Officer and Chief Executive Officer (Acting) of the Antigua CBI Unit from 2013 to 2017. 
2. Global Head Immigration, Citizenship and Visa (ICV) at Exiger, a global governance, risk and compliance firm from 2017 to 2018.
3. Grenada Citizenship by Investment Unit CEO from 2018 to 2019. 

Karline Purcell has been acting as CEO since 2021 and shall continue as Deputy CEO.

For Middle Eastern entrepreneurs, Dominica offers a myriad of opportunities

Running a business across multiple countries and cultures can be a daunting task. Without the right strategy and approach, global businesses can face unexpected hurdles when trying to access multiple territories and markets.

The following considerations are important when running a global business:

• Understanding the nuances of international laws,
• local customs and cultures, and
• having access and mobility to various markets.

Digital nomads are contributing considerably to the changing landscape of businesses. This progressive lifestyle allows entrepreneurs to work from anywhere in the world, creating a flexible and cost-effective way to grow their businesses. As digital nomads move around the globe, they open up new opportunities for collaboration and access to resources that would otherwise be inaccessible. Additionally, by having access to a global talent pool, companies can find employees with the right skillset for their needs.

Additionally, it is important to understand the local regulations and laws of different countries when living in and running businesses from multiple locations. By understanding these factors, digital nomads can ensure a smoother transition into this lifestyle over the long term.

Startup investors and digital nomads are welcome to invest in Dominica

The Commonwealth of Dominica is making moves to become a hub for digital nomads and startups. The country’s Citizenship by Investment (CBI) Program is offering attractive incentives for tech entrepreneurs, digital nomads, and investors who are looking to live and work in the Caribbean. With its stunning landscapes, warm climate, and generous tax incentives, Dominica is an ideal destination for those seeking an escape from their busy lives.

Dominica has been a popular choice with its idyllic setting, stable governance and because it is close to the time zones of the United States of America. Plus, the Eastern Caribbean Dollar is pegged to the US Dollar.

Also Read: Dominica one of the most beautiful places in the world!

Influence of the Middle East in Dominica

The Middle East is an increasingly influential player in the Caribbean region, particularly in the Commonwealth of Dominica. Through investments in infrastructure, technology, education, and tourism, the Middle Eastern countries have become a major economic force in Dominica and are providing valuable support to its citizens. As a result, Dominica has seen significant growth and development in recent years that have improved the quality of life for those living there.

Invest in Dominica via their Citizenship by Investment Programme

Launched in 1993, Dominica’s CBI programme has been ranked as the number one CBI initiative for six consecutive years by the CBI Index. This is a ranking system published by the Financial Times’s Professional Wealth Management (PWM) magazine. The CBI programme focuses on the overall quality and integrity of its applicants, as it only accepts individuals of outstanding character and repute. To ensure credible persons of excellent standing are granted citizenship, comprehensive due diligence checks are performed on all applicants aged 16 and over.

For those who meet Dominica’s citizenship requirements, the idyllic Caribbean island offers one of the best standards of living in the region. Dominica is politically and economically stable, with a low crime rate and rich investment opportunities. Nicknamed the “Nature Isle of the Caribbean”, it is also one of the most beautiful places on earth. Dominica boasts a pristine coastline, acres of unspoiled tropical rainforest, incredible marine biodiversity and a number of natural hot springs thanks to its volcanic origin.

Alongside the many advantages of living in Dominica, Dominica citizenship confers many benefits which include:

• Citizenship for life, with the right to live and work in the country
• The ability to pass on citizenship to future generations
• The right to hold dual citizenship

Applicants can choose between one of two investment options:

1. A direct contribution to the country’s Economic Diversification Fund (EDF)
2. An investment in pre-approved real estate

The funds generated from the EDF are used to support national growth. Especially in areas such as healthcare, education, infrastructure, and climate change.

Also Read: Real estate investment in Dominica

Is Dominica’s CBI Programme for all startup investors and digital nomads?

Dominica’s CBI Programme is good value for money for both startup investors and digital nomads. If you’re looking to apply for second citizenship and the multiple benefits that it offers, choose Dominica.

The programme is also a good fit for:

• • Single professionals who want to broaden their horizons
  • Families of four who would eventually like to add dependents such as grandparents
  • Individuals looking to study abroad
  • Digital nomads who want greater global mobility

For more information on how to invest in Dominica, contact us at CS Global Partners.

Key industry stakeholders noticed that some of the changes in the Regulations released in December 2022 required further clarification. That’s where these updates come in.

Head of the St Kitts and Nevis CIU, Michael Martin said:

“We’ve taken onboard these recommendations. We’re issuing an update on the Regulations with the aim of ensuring that the requirements of the CBI Programme are clear and unambiguous and meet the needs of our stakeholders and prospective applicants.”

“The programme is one of the main pillars of the economic development of our country. It has generated substantial benefits to the people of the nation over the years. As such, strengthening the reform of the CBI Programme is our priority. Our aim is to further enhance the integrity and competitiveness of the CBI Programme.”

Serious about the investment migration industry

St Kitts and Nevis set a new industry standard when they released details of their upgraded CBI Programme late last year. These changes show the government’s seriousness in retaining its position as a leader in the investment migration industry. The introduction of a Board of Governors and a Technical Committee is ensuring that the St Kitts and Nevis CBI Programme remains highly regulated. This will benefit both locals and investors.

A main priority of the government was to craft a solution that ensures that the evolution of the citizenship programme is based on a sustainable model filled with integrity, transparency and accountability.

The Programme will also be underpinned by three fundamental principles that have guided the administration’s decision-making with respect to the evolved version of the twin-island’s Citizenship by Investment Programme:

1. Sustainability
2. good governance, and
3. pragmatism.

Updates to St Kitts and Nevis CBI Regulations

From 9 February 2023, the CBI Programme Regulation changes include:

• The minimum eligible age of a parent or grandparent of the main applicant or their spouse has been lowered from 65 to 55.
• Limited Time Offer (LTO) and accelerated CBI applications under the Sustainable Growth Fund (SGF) Investment Option will be processed in 60 days from the acknowledgement of the application by the CIU. Whereas non-accelerated CBI applications will be processed in 90 days.
• There are premium due diligence fees for accelerated CBI applications in the amounts of US$20,000 for the main applicant and US$10,000 for each dependant aged 16 and above.
• The minimum investment amounts for the SGF Investment Option will increase from 1 July 2023, following the end of the LTO.
• There are changes to the post-approval application fees for both accelerated and non-accelerated CBI applications.
• From 10 March 2023 any properties previously classified as Approved Projects are required to re-apply to the Board of Governors to be re-designated as Approved Developments to continue to be eligible investments under the Real Estate Investment Option.
• The Private Home Sale Investments holding period is reduced from seven to five years. To be eligible a property needs to be re-designated as an Approved Private Home through the Board of Governors.
• The newly named Public Benefit Option allows applicants to reapply as an Approved Public Benefactor and a project under AIO becomes an Approved Public Benefit Project. 

Four types of investment opportunities in St Kitts and Nevis

There are four types of investment opportunities for investors to select from, these being:

1. The Sustainable Growth Fund (SGF) allows investors to provide financial support towards economic development through various avenues. There is a Limited Time Offer (LTO) that is from 1 January to 30 June 2023. This permits applicants to submit a reduced minimum contribution with no additional costs. For a single applicant, the starting donation is US$125,000.

2. Pre-Approved Real Estate requires investors to invest a minimum of US$200,000 in an Approved Development.

3. Private Home Sale Investment Option allows a main applicant to make a minimum investment in a private home of US$400,000. Alternatively, two or more CBI applicants can make a joint investment of US$400,000 each.

4.   Public Benefit Option replaces the Alternative Investment option (AIO). An Approved Public Benefactor receives a Public Benefit Project applicant fee.

Also Read: St Kitts and Nevis Citizenship by Investment Programme

Especially following the COVID-19 pandemic, which wrought a halt in global travel, the importance of having the freedom to traverse international borders has become increasingly apparent. Dominica, often revered as the “nature isle of the Caribbean,” stands out by providing an avenue for individuals to attain enhanced mobility, with access to over 160 countries and territories worldwide. This Caribbean nation boasts a safe, secure, and stable environment, underscored by the strength of its passport, which ranks among the most robust within Citizenship by Investment programmes.

At the heart of this nation’s appeal lies the Dominica passport’s ability to serve as a gateway to numerous developed countries across the globe. This gateway is exemplified by visa-free access and visas on arrival at prominent destinations such as the United Kingdom, Singapore, Israel, Hong Kong, and the Schengen area. Notably, Dominica passport holders enjoy a seamless travel experience, enabling almost instant access to premier tourist destinations worldwide, thereby facilitating unparalleled freedom of movement. Reflective of its significance in global mobility, Dominica scored an impressive 7/10 in the “Freedom of Movement Pillar” within the CBI Index 2022.

Speaking of accolades, Dominica’s Citizenship by Investment programme has consistently garnered acclaim, with the nation securing the top spot in the rankings for the fifth consecutive year in 2022. The programme, recognised by the CBI Index published by the Financial Times’ Professional Wealth Management (PWM) Magazine, offers access to the world’s leading economic and financial centres. Furthermore, in a testament to its commitment to security, the Government of Dominica recently introduced biometric passports equipped with advanced technology to bolster security measures.

The pathway to obtaining citizenship in Dominica entails navigating a multi-layered due diligence process, characterised by thorough verifications conducted by third-party agencies like CS Global Partners. These verifications encompass on-ground and online assessments to ascertain applicants’ legitimacy and financial records. With stringent checks in place, the Dominica Citizenship by Investment programme underscores its commitment to upholding standards of integrity and credibility among its citizens.

Investment options within the Dominica Citizenship by Investment programme cater to diverse preferences and financial capacities. Prospective citizens can opt to invest in government-approved real estate or contribute to the Economic Diversification Fund, with investment thresholds starting from USD 200,000 and USD 100,000, respectively. The programme’s longstanding history, dating back to 1993, underscores Dominica’s position as a pioneer in economic citizenship programmes.

Contact CS Global Partners for details

The benefits bestowed upon holders of the Dominica passport are manifold. Apart from facilitating global mobility and access to many countries and territories, the passport allows individuals to inherit citizenship, thus ensuring a legacy for future generations. Notably, Dominican citizens are exempt from global wealth taxation and are not subjected to residency requirements, rendering the country an attractive destination for alternative citizenship. As the demand for Citizenship by Investment programmes continues to surge worldwide, Dominica remains steadfast in fortifying its due diligence processes, reaffirming its commitment to maintaining the integrity and reputation of its citizenship programme.

Contact us today for more information about how we can facilitate your application for the Dominica passport.

The ultra-luxe resort experience includes private yachting, helicopter access, or deluxe vehicle transfer, the brand’s signature ‘Endless Privileges’ inclusions, as well as a spacious treehouse where guests can participate in expert-led wellness sessions and private dinners.

Accommodations at Zoëtry® Marigot Bay include penthouse residences, junior suites, and master suite residences suite, each coming with high-end options like plunge pools, fully equipped kitchens, spacious living and dining rooms, master bathrooms with double vanities and rain showers, personal assistant, private butler and more.

As part of the ‘Endless Privilege’ concept, guests can dine in seven different dining venues, with 24-hour in-suite service, ranging from a la carte restaurants with thoughtfully crafted menus to intimate dining experiences around the resort.

With the motto ‘A State of Being’ at its core, Zoëtry® Marigot Bay Saint Lucia offers a wide range of self-care and holistic options that ensures relaxation. At the Spa Village, guests can enjoy locally inspired treatments like volcanic mud baths and moon phase rituals or reserve an exclusive, treetop-style location for ultimate pampering.

“Zoëtry Marigot Bay Saint Lucia is intended to create a guest experience that cultivates moments which matter most, from personal enrichment experiences to holistic wellbeing programming for self-fulfillment that extends beyond the journey,” said Erica Doyne, the senior vice president of global marketing and communications of Hyatt’s Inclusive Collection, in a statement.

“The Zoëtry brand’s philosophy of the ‘Art of Life’ blends the Greek word Zoe, or life, and Poetry, or artful creations, and is expected to deliver guests unhurried pleasures with the highest level of personal service.”

Other highlights of the resort include a 24-hour fitness room and daily curated activities like SUP yoga at sunrise/sunset, Creole lessons, Pilates, and body scrub-and-hand lotion-making classes.

While the other land-and water-based experiences include paddling, kayaking, snorkeling, scuba diving, and a sunset cruise to Castries Harbor.

Things to do at Zoëtry® Marigot Bay

Zoëtry® Marigot Bay prides itself on being an exclusive and romantic resort, with both couples and families in mind. The new luxury resort offers a variety of tours and excursions around the beautiful Caribbean island as well as limited activities such as diving, snorkeling, sailing, sport-fishing, and horse-riding.

The nearby beach is reached by a complimentary water shuttle and takes about 2 mins to reach there. Here you get to enjoy the famous sands of the Caribbean and take advantage of the snorkeling and water resorts

For Kids

Children of all ages are welcome year around, however, there are no dedicated clubs or activities for children. Teenagers are permitted to utilise the complimentary and payable water resort sports if they adhere to all posted age restrictions and usage policies.

Weddings

The signature at the Zoëtry® Marigot Bay ensures all your wedding preparations including the ceremony and reception are the highlight of your life here on the beautiful island of St. Lucia. With a gorgeous setting and responsive staff to guide you on every step, you are guaranteed memorable memories and beautiful wedding experiences.

Another reason to invest in Saint Lucia

Saint Lucia boasts a wealth of lifestyle and tourist attractions making it one of the most sought-after investment destinations by savvy investors looking to grow their offshore portfolios.

The island nation offers one of newest citizenship by investment programmes, where an investor can gain second citizenship to the country via a minimum investment of US$100 000. Even though the programme is still young, it has enviable list of benefits for investors including a favourable tax regime for those looking to manage their wealth, access to better global mobility and the citizenship can be held for life giving investors the right to live and work in the country.

As global hospitality brands continue to develop and invest in the country, those looking for an investment edge can make a donation to the country’s National Economic Fund.

Saint Lucia recently earned the prestigious Gold statuette in the 8th annual Travvy Awards for Best Honeymoon
Destination – Caribbean.

The annual Travvy Awards, allow travel advisors to vote on the best in the travel industry, and recognize the highest standards of excellence in the travel industry by honouring travel companies, travel products, travel agencies, and destinations for their outstanding achievements.

Thousands of votes were cast – from suppliers to advisors and everyone in between.

“These awards bear testament to the high quality of Saint Lucia’s offerings and our commitment to marketing the destination as a premier Caribbean tourist attraction to the global travel audience,” said Lorine Charles-St. Jules, CEO of the Saint Lucia Tourism Authority.

According to the statement, among other things, the Dominican CBI’s laws governing the real estate option require the following:

• That the price paid for real estate meets the minimum threshold of $200,000.

• That this minimum payment is paid in full to an authorized account.

• That the purchaser has encumbered title/ownership to the real estate being purchased.

• That the real estate must be held for a minimum of five years before it can be resold and eligible for use in another Citizenship by Investment application.

“We are today publishing our Compliance Statement as we want to make it absolutely clear that we do not want to be associated with any practices that are contrary to CBI regulations, such as what is commonly referred to as “Special Offers’ or Special Discounts” said Gregor Nassief, proprietor of Secret Bay, and the Residences at Secret Bay, and CEO of GEMS Holdings Limited.

“This is contrary to the law and those involved in such must cease and desist immediately”, Gregor added.

While commenting on integrity of The Residences at Secret Bay, Dominica’s Prime Minister and Minister for Finance, Honourable Dr. Roosevelt Skerrit said that “when investing in Secret Bay, you can be assured of your investment. You can be assured of your return on investment.”

He further explains that the Secret Bay project is one that cannot be compared to any other in the Carribean, and continues to immensely strengthen the integrity of the Commonwealth of Dominica’s CBI Program. The Residences at Secret Bay will routinely monitor the consistent applicable laws and regulations regarding Dominica’s Citizenship by Investment programme as well as its operations.

Read the Compliance Statement for Secret Bay Resort Residents

The compliance statement follows the Residences’ announcement that it had given out
US$1 million to more than 100 owners of citizenship by investment from all around the world. The renowned CBI project, part of the award-winning resort Secret Bay, recently released year-on-year results for the fourth quarter of 2019 through the second quarter of 2022 and has exceeded the ROI forecasts by over 40% during these times.

For the sixth consecutive year, Dominica earned the title of the “World’s Best Country for Second Citizenship” by Professional Wealth Magazine – a publication from the reputable Financial Times, distinguishing itself as a leader in CBI programmes across the globe.

With its commitment to selling built product, paying out positive returns, offering a competitive exit strategy on the vacation home market, while providing a hedge against currency instability, The Residences at Secret Bay continually presents the nation’s most coveted, successful and beneficial opportunity to achieve second citizenship. Whether for the luxury of visa-free or visa-on-arrival access to 140 countries, capital gain or the security of a backup plan, savvy CBI investors know the value of investing in a high-performing real estate project under an established program that allows individuals or families to obtain citizenship.

The acclaimed gold standard resort has also been consistently recognized for its exceptional service, experience and design by different global travel and lifestyle publications including CNN, Digest, Fortune, National Geographic, Outside, the cover of Travel + Leisure, and The Telegraph. This year, for the second time in three years, Secret Bay was named one of Travel Leisure’s top 500 hotels in the world and the #1 resort Hotel in the Carribean, Bermuda and the Bahamas. Additionally, the Secret Bay Resort property is the first and only property in Dominica to be affiliated with the elite luxury brand, Chateaux.

The Residences’ CBI offering is priced at US$208k for fractional ownership and from
US$1.5 million for whole ownership. To learn more about Citizenship by Investment in The Residences at Secret Bay, visit: https://csglobalpartners.com/citizenship-investment/.

For a consultation, please email: info@csglobalpartners.com or call +44 (0) 20 7318 4343.

Importantly, under the CARIFORUM-EU and CARIFORUM-UK EPAs, CARIFORUM states:

• have duty-free, quota-free market access to the EU and the UK for all goods;
• have until 2033 to cut import tariffs, with 17% of goods and services being considered sensitive and enjoying permanent protection from competition; and
• have the right to implement safeguards, such as import quotas, if EU and UK imports surge unexpectedly and threaten local production.

All citizens of Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia therefore enjoy the following benefits:

1. Greater business opportunities

Businesses based in Caribbean CBI nations can export freely to the EU and the UK, with no applicable duties or customs. They also benefit from low-cost imports. Thanks to the EPAs, it is possible for businesses based in Caribbean CBI nations to set up a commercial presence in the EU and the UK.

2. Greater investment opportunities

The EPAs to which the Caribbean CBI nations are party are binding and permanent, giving potential investors long-term stability.

3. Ease of conducting business

The CARIFORUM-EU and CARIFORUM-UK EPAs ensure fair competition in the Caribbean, promoting industry growth and creating jobs, while safeguarding the interests of citizens.

4. Protection for local producers

As Caribbean CBI nations can keep tariffs on sensitive goods and apply safeguards such as import quotas, the CARIFORUM-EU and CARIFORUM-UK EPAs protect local producers from competition against EU and UK imports.

5. Greater economic integration between neighbouring countries

The EPAs to which the Caribbean CBI nations are party build upon the existing efforts of CARIFORUM nations to work collaboratively and integrate their economies. They do this by making it easier to export goods and services between all CARIFORUM member states, as well as 17 Caribbean territories with direct links to EU countries.

6. Shared values

The CARIFORUM-EU and CARIFORUM-UK EPAs agree to promote labour standards and environmental protection, good governance, and human rights, ensuring the protection of citizens who wish to conduct business in these regions.

How can I find out more?

If you want to learn more about the benefits of citizenship by investment in the Caribbean, please contact CS Global Partners.

Contact Us

The new amendment will also enable citizens naturalised under the revised law to hold dual citizenship, indicating a significant shift in the nation’s future outlook. However, it appears that there will be no formal application process and prospective citizens must first be selected by Emirati royals or officials.

What do these changes mean?

For the UAE, the citizenship amendment means that the government is committed to its continued development. With low oil prices and the economic impact of COVID-19, the nation is ensuring its continued prosperity.

The nation also recently issued a decree amending the UAE’s restrictions on foreign ownership of companies. The amendment allows full foreign ownership of onshore companies undertaking certain commercial activities. The changes will also contribute to a shift in the wider region, allowing it to make up for the mass emigration of foreigners since the outbreak of the virus.

Citizenship by Investment

In the last year, another popular route to citizenship has seen demand skyrocket. Introduced in the Caribbean, Citizenship by investment allows foreign investors and their families to become citizens, often after making either an economic contribution to the host nation or buying into pre-approved real estate. St Kitts and Nevis was the first nation to establish such a programme and has enjoyed the unrivalled experience for close to four decades.

Citizenship by investment provides investors with a wealth of benefits including increased travel freedom, the right to live and work in the nation and most valuably, the ability to pass citizenship down for generations to come. On the other hand, revenue generated under the programme is channelled towards national development projects in education, healthcare, tourism, infrastructure development and more.

“This is a hugely progressive step for the UAE. This new law will bring in a wealth of investment and skills, thereby allowing the UAE to diversify its income options. It now acknowledges individuals and families who positively contribute to the overall Emirati community,” says Micha Emmett, the CEO of CS Global Partners.

“Citizenship by investment a win-win situation for the UAE and investors alike, making for a stronger economy and an attractive country to invest in. We look forward to seeing to what extent the UAE will develop this law and streamline the process for investors to obtain citizenship,” she adds.