Caribbean Citizenship by Investment: New Pricing Structures for All Five Programs

The Caribbean Citizenship by Investment Programs (CIPs) are undergoing significant changes. As of July 1st, new pricing structures have been implemented across all five Caribbean nations offering CIPs: Dominica, St Kitts & Nevis, Grenada, St Lucia, and Antigua & Barbuda. These changes aim to align with the pan-Caribbean CIP Memorandum of Agreement (MoA) and enhance the programs' attractiveness to investors. This article will delve into the new pricing structures and what they mean for potential investors.

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Dominica's New CIP Regulations

Dominica has officially gazetted new regulations for its Citizenship by Investment Program (CIP) effective July 1st. The updated pricing includes changes to both the donation option and real estate investment fees.

Economic Diversification Fund (EDF) Contribution

• Single applicant: US$200,000
• Main applicant with up to three dependents: US$250,000
• Any additional dependent under the age of 18: US$25,000
• Any additional dependent over the age of 18: US$40,000

Real Estate Investment Fees

• Main applicant: US$75,000
• Main applicant and up to three dependents: US$100,000
• Any additional dependent under the age of 18: US$25,000
• Any additional qualified dependent over the age of 18: US$40,000

The real estate investment amount remains unchanged at US$200,000. However, the associated government fees have been revised. Notably, the fees for a family of four are now more favorable compared to a single applicant, a unique feature among Caribbean CIPs.

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Updates from Other Caribbean Nations

St Kitts & Nevis

St Kitts & Nevis has already implemented its new CIP pricing structure, aligning with the MoA to ensure competitiveness and regulatory harmony across the region.

Grenada

Grenada's new regulations will also come into effect on July 1st. The changes are designed to attract more investors while ensuring that the program remains robust and transparent.

St Lucia

St Lucia will implement its updated pricing on July 1st as well. The country aims to enhance the appeal of its CIP by offering competitive and attractive investment options.

Antigua & Barbuda

Antigua & Barbuda has requested a 30-day extension to finalize and implement its new CIP regulations. The country is expected to announce its new pricing structure shortly, ensuring it remains a strong contender in the Caribbean CIP market.

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Key Takeaways

• Alignment with MoA: All changes are part of a regional effort to harmonize CIP offerings and enhance their attractiveness.
• Dominica's Unique Offer: Dominica now offers a more favorable fee structure for families, distinguishing it from other programs.
• Competitive Edge: The new pricing structures are designed to maintain the competitiveness of Caribbean CIPs in the global investment market.