Friday, November 15, 2024

Caribbean CIP Nations Raise Minimum Investments

All four caribbean citizenship by investment programs have raised the minimum investment requirement to $200,000 or more, effective from July 1, 2024 with the exception of Antigua and Barbuda, in accordance with the Memorandum of Agreement (MoA) among the Member States of the Organisation of Eastern Caribbean States offering Citizenship by Investment Programmes. The MOA which was signed in March 2024 aims to ensure mutual cooperation, information sharing and adherence to common standards of best practice, and regulatory oversight in all the signatory countries.

Antigua will be delaying until July 30, pending parliamentary approval to approve the CIP legislation. St.Kitts and Nevis was the first country to raise the minimum investment to $250,000 in Jun 30, 2023.

“Antigua and Barbuda underscored our commitment to the MOA, and advised of an inability to complete the required parliamentary approval process by the stated deadline”, said the CIU Unit in a memo sent to stakeholders.

As a result of this historic agreement, Citizenship by Investment programs in the Caribbean now has become more expensive to foreign investors and families, who are looking to apply for a second citizenship. Here are a quick summary of the new pricing set by Caribbean CIP’s

CBIDonationReal Estate
St.Kitts & Nevis$250,000$400,000
Antigua and Barbuda (from Jul 30)$230,000$325,000
Grenada$235,000$270,000
Dominica$200,000$200,000
Saint Lucia$240,000$300,000
Effective from July 1, 2024.
Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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