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.
