Caribbean Citizenship by Investment Gets a Price Hike

In a major shakeup for the Caribbean Citizenship by Investment (CBI) industry, four island nations have agreed to significantly raise the minimum investment requirement.

Antigua & Barbuda, Dominica, Grenada, and Saint Kitts & Nevis have signed a Memorandum of Understanding (MoU) to increase the minimum investment threshold to $200,000, effective June 30th, 2024. This marks a significant hike from the previously varying amounts offered by these countries.

Saint Lucia, another Caribbean nation with a CBI program, was notably absent from the agreement.

Industry experts believe this move aims to tackle past issues of “underselling” and enhance the overall integrity of the programs. Jeremy Savory, founder and CEO of Savory and Partners, a leading CBI consultancy, commented on the agreement, stating it formalizes expectations and prohibits undercutting practices, ultimately benefiting the industry through transparency.

Savory and Partners strongly advises potential investors to secure citizenship applications before the price increase takes effect. They emphasize their close communication with Caribbean governments and assure clients of timely updates.

The company boasts a successful track record, having processed over 4,000 second passport applications with a 100% success rate. With a global presence and multilingual staff, Savory and Partners offer guidance to clients seeking citizenship by investment opportunities.