2017 Key Changes to Caribbean Citizenship Programs

Prabhu Balakrishnan Avatar
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2017 is the year that significant changes happened to the Caribbean citizenship by investment programs (CBI) making it more cheaper to buy a citizenship.

Commonwealth of Dominica

  • USD 100,000 EDF investment and USD 200,000 real estate investment remains the same.
  • Processing fees were reduced by 50% for the those opting for the Real Estate option
  • The age for Dependent children was increased to include those up to 30 years old
  • Processing fee reduced from $3000 to $1000
  • Naturalisation certificate fee reduced from $750 to $250
  • Processing fee of $500 for a child born after approval of citizenship.
  •  A child aged thirty will be accepted under the Citizenship by Investment Programme,

Antigua and Barbuda

  • The donation was reduced by 50% from $200,000 to $100,000 for a family of four (+fees)
  • The Real estate investment $400,000 remains the same but the processing fees for real estate reduced to $50,000 for family of four.

St Kitts and Nevis

  • The Hurricane Relief fund was introduced for $150,000 for a family of four (+fees) compared to the normal SIDF $250,000 donation. HRF is a limited time off expires March 31, 2018.
  • St Kitts signs free waiver with Russia

Grenada

  • Grenada set to reduce price to $150,000 from $200k in 2018, announced by Kaisha Ince, Head of CBI Grenada in 11th Global Citizenship & Residency Conference in Hong Kong.
  • Grenada visa free waiver with Russia and UAE. Grenada already has visa waiver with China.
  • The age for Dependent children was increased to include those up to 30 years old.

Saint Lucia

  • St Lucia reduced the donation investment to USD 100,000 as of Jan, 2017
  • Removed the requirement for an applicant to provide a sworn affidavit to declare financial resources of at least US$3,000,000.00