Four Caribbean CIPs May Soon See a Significant Price Increase

• Posted on Mar 28, 2024
• In Industry News, Dominica, Grenada, Antigua & Barbuda, St. Kitts & Nevis

According to a recent Memorandum of Agreement signed by Antigua and Barbuda, Dominica, Grenada, and St. Kitts and Nevis, the nations are planning to foster greater collaboration on all key aspects of their Citizenship by Investment Programs.

Potential Increase in Minimum Investment Thresholds

Signed by four of the Caribbean Five with Saint Lucia abstaining, the most notable development under the MoA pertains to the pricing of the CIPs, as the nations have reportedly agreed to collectively increase their minimum investment thresholds to US$200,000. By establishing a price floor, the nations aim to tackle the issue of underselling, ensuring fairness within the market. Moreover, any future adjustments to the set minimums will now have to be unanimously approved by all four countries.

Greater Collaboration and Enhanced Transparency

Having agreed last year to share applicant information with one another, the nations have shown commitment to further enhance program transparency by disclosing details regarding program revenues and disbursements. By mid-year, the four nations also plan to create a unified regional authority with the competence to establish standards in line with international requirements and best practices, as well as regulating the programs.

The MoA is expected to bring changes in the marketing of the CIPS as well, setting updated standards for agents relating to the use of certain terminology and imagery.

Limited Time to Apply Under Current Prices

Historically offering an entry point of US$100,000, the industry’s best positioned citizenship by investment programs are poised to become significantly more expensive.

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