The Caribbean countries have made an important announcement regarding citizenship by investment in 2024, setting common standards regulating the Caribbean CBI programs to international requirements and best practices, as per guidelines issued by US, EU and UK authorities.
The following programs will be affected as a result of this new rule change.
- Dominica
- Saint Lucia
- Grenada
- Antigua & Barbuda
- St.Kitts & Nevis (already implemented)
Price Hike
Minimum investments to increase and harmonize the minimum investment threshold to USD 200,000 by 30 June 2024, likely allowing for a limited window of opportunity for last minute investors to apply under the current, lower, investment requirements.
A limited window of opportunity for last minute investors who want to apply at reduced price of $100,000 before Jun 30, 2024.
Stricter Regulations
The conditions for granting citizenship will become stricter with increased security and vigilance checks. All countries to share information on applicants, funds, compliance and vetting practises. Removal of ‘underselling’, removing discounting on the CBI investments actual amount of funds received for CBI applicants.
Transparency
Enhanced transparency measures such as the disclosure of funds received by CBIPs, the use of the proceeds of CBIs and to conduct independent financial and operational audits to assess CBIs compliance with best practice standards.
Regional Authority
regional competent authority to set standards in accordance with international requirements and best practices to oversee and to regulate the CBIPs.
Don’t miss out
Do not missout the last golden opportunity to apply for citizenship by investment at reduced prices.