Changes
July 10, 2024
Reading Time: 3 min

Caribbean CBI thresholds raised: how to secure a second passport under old terms

Grenada, Dominica, and St Lucia doubled their minimum investment thresholds from July 1st, 2024.

Antigua and Barbuda will also increase the requirements but will only implement the changes at the beginning of August.

St Kitts and Nevis, on the other hand, reduced the contribution to a state fund for citizenship.

Find out the updated rules of Caribbean citizenship by investment programs—and whether it’s still possible to apply for $100,000.

Lyle Julien
Lyle Julien

Investment programs expert

Caribbean citizenship update

Caribbean CBI thresholds raised: how to secure a second passport under old terms

Five Caribbean countries have signed the Memorandum of Agreement: St Kitts and Nevis, St Lucia, Antigua and Barbuda, Grenada, and Dominica. According to the agreement, by July 1st, 2024, all countries must raise the minimum investment threshold for the citizenship program to $200,000.

Grenada and Antigua and Barbuda sent the new conditions to licensed agents on June 26th, 2024. Later, Saint Lucia and Dominica joined them.

The updated citizenship by investment requirements came into effect on July 1st, 2024, in all the signatory countries except Antigua and Barbuda.

Caribbean citizenship changes in investment

Grenada has increased the minimum non-refundable contribution for families of up to four people from $200,000 to 235,000. The minimum cost of a share in real estate purchases has risen from $220,000 to 270,000.

Dominica has doubled the minimum contribution to the Economic Diversification Fund for a single applicant to $200,000, and for a family of four, it has increased to $250,000.

The investment threshold for real estate remains the same at $200,000, but the cost of government fees has increased from $25,000 to 75,000 for a single applicant. The government fee for a family is $100,000.

St Lucia has raised the contribution to the National Economic Fund for a family of four from $150,000 to 240,000. The minimum investment amount in real estate has increased from $200,000 to 300,000. Investments in business projects are now $250,000 or more.

Antigua and Barbuda have changed the minimum contribution to the National Development Fund from $100,000 to 230,000 for families of up to four people and to $245,000 for families of five or more. The contribution to the University of the West Indies Fund is now $300,000 or more.

The minimum investment in real estate will increase to $325,000. The investment threshold for the business investment option remains unchanged at $400,000.

St Kitts and Nevis has lowered the investment threshold by $100,000 for the option of a non-refundable deposit into the country’s economy. Previously, families of up to four people could obtain a Saint Kitts and Nevis passport for a contribution starting at $350,000. As of 8 July 2024, the investment amount is $250,000.

The additional payment required for each applicant from the fifth onward has also changed:

  • $50,000 instead of $75,000 — contribution for each additional family member in the application over 18;

  • $25,000 instead of $50,000 — contribution for each child under 18.

The requirements for investments in real estate remain unchanged — starting at $400,000.

New investment threshold in Caribbean countries

Country

Fund contribution

Property purchase

Business investment

$200,000+
for a single applicant

$235,000+
for a family of up to four people

$270,000+

$200,000+
for a single applicant

$250,000+
for a family of up to four people

$200,000+
+ $75,000
government fee for a single applicant

+ $100,000
government fee for a family of up to four people

$200,000+
for a single applicant

$240,000+
for a family of up to four people

$300,000+

$250,000+

$230,000+
to the National Development Fund

$300,000+
to the University of the West Indies Fund

$325,000+

$400,000+

$250,000+
for a single applicant and a family of up to four people

$400,000+

$250,000+
for social and infrastructure projects

How to obtain Caribbean citizenship under the old conditions

Antigua and Barbuda will raise the investment threshold later, after approval by the Parliament. The process will take at least 30 days, which means that investors can apply for citizenship under the old rules until July 30th, 2024.

Investment threshold in Antigua and Barbuda until July 30th, 2024:

  • $100,000+ — non-refundable contribution to the National Development Fund;

  • $150,000+ — contribution to the University of the West Indies Fund;

  • $200,000+ — purchase of a share in government-approved real estate projects.

After submitting the application, investors will have 21 days to pay the government fees and provide the original documents.

Caribbean countries plan to process certain citizenship applications under the previous conditions. This might apply, for instance, if you have already initiated the passport application process and paid the state fees.

Immigrant Invest is a licensed agent for citizenship and residence by investment programs in the EU, the Caribbean, Asia, and the Middle East. Take advantage of our global 15-year expertise — schedule a meeting with our investment programs experts.