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Second PassportsCaribbean Islands Citizenship By Investment: Pricing to Double End of June! - Lincoln Global Partners

May 1, 2024by Georgea Rios0

Caribbean Island Citizenship By Investment Programs set to increase their minimum investments to $200,000

Nestled in the azure waters of the Caribbean Sea are 5 Caribbean Islands offering citizenship by investment.

Antigua & Barbuda, Grenada, St. Kitts & Nevis, St. Lucia, and Dominica each offer a pathway to citizenship for foreign investors. These programs have been extremely popular over the past few decades with foreign investors since they provide investors with the opportunity to enhance their global mobility through greater visa-travel access. Other key benefits include attractive taxation systems for those who wish to relocate or do business in the Caribbean as well as the opportunity to live throughout the entire CARICOM region.

While these Citizenship programs in the Caribbean Islands are not going anywhere, they are set to go through significant changes in response to the United States and European Union looking to increase regulations and barriers to entry for such programs.

Most notably, the price will be increasing significantly in the next few months.

caribbean citizenship by investment

Caribbean Islands Citizenship By Investment Price Increases

On March 20th, 2024, the Prime Ministers of Antigua and Barbuda, Commonwealth of Dominica, Grenada, and St. Kitts and Nevis all ratified a Memorandum of Understanding expressing their commitment to collaborate on various aspects of their existing Citizenship by Investment Programs.

Most notable is a price increase which will see most programs double their minimum investment requirement. The participating nations have reached a consensus to raise their minimum investment thresholds to at least US$200,000 by June 30, 2024. Any future changes to this minimum must be unanimously adopted by all 4 countries.

caribbean citizenship by investment

Other Changes

Besides the price increases, this agreement establishes a cooperative framework between the Caribbean Island Citizenship By Investment Nations and information-sharing mechanism within the region, aimed at enhancing best practices in citizenship by investment. The following changes will also be implemented:

  1. Transparency and Data Sharing: All signatories agree to exchange data on applicants, funds, and compliance through a digital platform, aligning with international best practices.
  2. Regulation: A regional regulatory authority is being established to uphold standards consistent with international norms and best practices.
  3. Security Measures: Uniform protocols for security screenings and due diligence, including application interviews, are set forth.

The agreement represents a significant advancement in the Caribbean’s citizenship by investment sector and the broader investment migration industry. It solidifies a cooperative foundation built on best practices.

St. Lucia – Not included in the MOU

Interestingly, the final Caribbean Island Citizenship By Investment nation – St. Lucia has not taken part in the MOU. It therefore remains to be seen whether or not St. Lucia will join the other Caribbean countries in these changes or go in a different direction. However, while Saint Lucia has not yet signed the memorandum of understanding (MOU) given the relationships between these countries it is anticipated to join the alliance in due course.

caribbean citizenship by investment

Can I still invest at the current threshold before the changes?

Typically, investors require up to three months to prepare an application. Given the impending doubling of prices, we urge investors to act swiftly to secure their citizenship by investment applications under the current pricing regulations. Doing so could result in substantial savings of up to $100,000.

Caribbean Citizenship by Investment Donation Pricing Increase

Country Minimum Investment Before June 30th 2024 Minimum Investment After June 30th 2024*
St. Kitts & Nevis U$ 250,000 U$ 250,000
Antigua & Barbuda U$100,000 U$ 200,000
Dominica U$ 100,000 U$ 200,000
Grenada U$ 150,000 U$ 200,000

* Estimated Minimum Cost for a Single Applicant (To be Confirmed).

This is not the first large price increase we have been watching in the Caribbean programs. In the summer of 2023, St.Kitts & Nevis also raised their minimum investment criteria to U$250,000 for the donation option and U$ 400,000 for the Real Estate pathway.

How To Acquire Caribbean Islands Citizenship By Investment

If you are keen on acquiring a second passport under the current rules, time is of the essence to submit your application.

Step by Step to Acquire Your Caribbean Citizenship

  • Step 1: Consultation with Lincoln Global Partners. Gain insight into eligibility and requirements. (Our team of specialists will send you eligible real estate and donation investment and the respective cost calculators post-free consultation).
  • Step 2: Eligibility Check and Documentation. Ensure eligibility and gather necessary documents with assistance from your agent or legal representative.
  • Step 3: Choose an Investment Route. Select an approved investment path: real estate or donation, meeting the financial threshold.
  • Step 4: Application Submission Submit completed forms, documents, and chosen investment details. Undergo due diligence and fulfill financial commitments upon approval.
  • Step 5: Approval Granted & Investment Made.

Once you have been granted a pre-approval you can proceed to make your investment.

  • Step 6: Caribbean Island Citizenship Granted and Passport Issued.

Book Now Your Free Consultancy Call with Our Team!

Georgea Rios

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