First week of April, the Prime Ministers of four Caribbean nations offering Citizenship by Investment (CBI) programs — Antigua & Barbuda, Dominica, Grenada, and Saint Kitts & Nevis — signed a Memorandum of Understanding (MOU) aimed at enhancing the integrity and values of their CBI programs.

This agreement establishes a framework for regional cooperation and information exchange, bolstering best practices in the CBI sector. A significant aspect of the agreement is the forthcoming price increase across all four countries, which will double the minimum investment threshold. Key points of the agreement include:

Adjustment in Pricing: All parties commit to raising and aligning the minimum investment threshold to $200,000 USD by June 30, 2024. This creates a limited window of opportunity to apply under the current lower investment requirements.

Transparency and Data Sharing: The signatories agree to share data on applicants, funds, and compliance through a digital shared portal, adhering to best practices.

Regulation: A regional competent authority will be established to enhance standards in line with international requirements and best regulatory practices.

Security: Common protocols for security checks and due diligence requirements will be established, including application interviews.

This landmark agreement represents a significant stride in the continuous advancement of the Caribbean’s Citizenship by Investment programs and the wider investment migration industry, cementing a robust foundation of cooperation and best practices. Although Saint Lucia has not yet signed the MOU, they are expected to join the group in the future.

Residency and citizenship by investment programs are on the rise globally, reflecting increasing demand and the value these options hold for many. However, these programs are becoming more stringent and costly. In the past six months, we have observed price increases in Greece, Portugal, and now four countries in the Caribbean.

Typically, it can take investors up to three months to prepare an application. Citizenship Network’s exclusive client portal and our team of in-house processors can expedite this process. With prices set to double in the coming months, we encourage investors to act promptly to secure their CBI applications under the current pricing regulations.

By doing so, significant savings of up to $100,000 may be possible. Contact us now, not get effected by price increase.