Important Caribbean Citizenship by Investment Programme Updates. The establishment of a minimum investment threshold of US$200,000 has been implemented across all five Caribbean Citizenship by Investment countries, namely: Antigua and Barbuda, Dominica, Grenada, Saint Lucia, and St. Kitts and Nevis.
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.
