Four Caribbean countries offering Citizenship by Investion have raised the minimum investment threshold for applicants from $100,000 to $200,000.

This increase agreed upon by Antigua & Barbuda, St. Kitts & Nevis, Dominica, and Grenada will take effect from June 30th, 2024.

Additionally, these countries have agreed to:

  • Share applicant data and establish a digital portal with the Joint Regional Communications Centre (JRCC) in Barbados.
  • Establish a common regional competent authority by June 30th, 2024, to regulate Citizenship by Investment Programs (CIPs) according to international standards.
  • Cooperate on post-approval screening of CBI citizens and retrieval of canceled passports.
  • Implement common standards for agent regulation and marketing, prohibiting misleading advertisements.

Notably, Saint Lucia’s Prime Minister did not sign the agreement, potentially due to connections with Caribbean Galaxy, a controversial CBI developer known for funding escrow accounts below official thresholds.

What does this mean for you?

If you are considering investing in a second passport, a good time to start is now. From now till June 29th, you will still be able to make the current investment of $100,000.

Make the best out of your investment and reach out to Dual Luxury World today.

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