Three Caribbean countries to raise investment threshold to $200,000 by June 30th
Antigua and Barbuda, Dominica, and Grenada have agreed to increase the minimum investment threshold for their Citizenship by Investment (CBI) programs to $200,000 by June 30th, 2024.
The decision stems from a Memorandum of Agreement signed by their respective prime ministers on March 20th, 2024.
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Three Caribbean countries to raise investment threshold to $200,000 by June 30th
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As a result of the Memorandum of Understanding signed by their prime ministers on March 20th, 2024, four countries are obligated to standardise their CBI programs.
Antigua and Barbuda, Dominica, and Grenada are to increase the minimum investment threshold for their citizenship by investment programs to $200,000 by June 30th, 2024.
St Kitts and Nevis also signed the agreement, but since the minimum investment there is already $250,000, the country will satisfy other criteria. As the official press release states, St Kitts and Nevis “aims to address international concerns while fostering socio-economic growth.”
Four participating countries commit to establishing a unified minimum investment threshold, exchanging applicant information, implementing future changes simultaneously, enhancing process transparency, and forming a regional body to set common standards.
Saint Lucia did not participate in this agreement, leaving uncertainties about its impact on future program terms. However, as stated in the media, St Lucia is not against signing the Memorandum of Agreement.
How to get citizenship by investment in the Caribbean under the old conditions?
The most favoured investment option in the Caribbean is a non-refundable contribution. Currently, Grenada requires a minimum contribution of $150,000, while in Antigua and Barbuda, Dominica, and St Lucia, it stands at $100,000.
Antigua and Barbuda, Dominica, and Grenada have proposed raising the minimum contribution to $200,000. Investors may likely experience a transitional period during which they can apply for citizenship under the existing conditions, although this has yet to be officially announced.
St Kitts and Nevis is known for its long-standing CBI program, offering citizenship by investment in real estate or a non-refundable donation. This program requires an investment of $250,000 or $400,000 for real estate.
Antigua and Barbuda offers citizenship for a minimum investment of $100,000. The program provides visa-free access to over 150 countries and offers a fast-track application process.
Dominica is renowned for its affordable CBI program, requiring a minimum investment of $100,000. Investors can choose between a government donation or investing in real estate.
Grenada offers citizenship by a non-refundable donation or investment in real estate. Requires a minimum investment of $150,000. The program provides visa-free access to over 140 countries.
St Lucia grants citizenship by investment of at least $100,000. It provides visa-free travel to over 140 countries and offers an efficient application process.
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