Five Caribbean CBI nations have signed a Memorandum of Understanding (MOU) to implement common pricing standards, regulation and vetting standards for citizenship by investment programs in the Caribbean. As a result new pricing and minimum investments came into effect from Jun 30, 2024.

All five countries have increased the minimum investment from $100,000 to $200,000 from July 1, 2024 with the exception of Antigua implementing on Jul 30 (delayed due to parliamentary approval).

The most expensive CBI is St.Kitts and Nevis which is set at $250,000 while Dominica is the least expensive one $200,000.

Here are the overview of new pricing in the infographic and details.

1.Dominica

The Commonwealth of Dominica Citizenship by Investment Regulations (the 2024 Regulations) were gazetted on 28 June 2024 and came into effect immediately with new price structure raising the minimum investments, as per the memorandum of understanding signed by five OECS CIP nations in 2024. The 2024 Regulations repeal the existing regulations and amendments.

Economic Diversification Fund (EDF)

US$200,000 for the main applicant;
US$250,000 for the main applicant and up to three qualifying dependants;
US$25,000 for any additional dependant under the age of eighteen;
US$40,000 for any additional dependant eighteen years of age or older;

2. Real Estate

Minimum USD 200,000 real estate investment

Government Fee (Real estate only)

$75,000 United States dollars for the main applicant;
$100,000 United States dollars for a main applicant and up to three dependants;
$25,000 United States dollars for any additional dependant under the age of eighteen;
$40,000 United States dollars for any additional qualified dependant eighteen years of
age or older;
$7500 United States dollars for due diligence background checks on the main
applicant; and
$4000 for due diligence background checks on each dependant sixteen years of age or older; and
$1000 interview fee per interview;

2. Saint Lucia

The Saint Lucia Citizenship by Investment Unit (“The Unit”) in a memo sent to agents and stakeholders, wishes to inform of changes to the minimum legislative prices of qualifying investment options effective July 1, 2024. These adjustments are in keeping with the Memorandum of Agreement signed between the five OECS territories operating Citizenship by Investment Programmes which calls for a minimum investment threshold of US two hundred thousand dollars (USD 200,000.00).

National Economic Fund

Applicant applying with up to three qualifying dependents – US$240,000
Each additional qualifying dependent (under 18 years of age) – $10,000
Each additional qualifying dependent (above 18 years of age) – $20,000
Newborn child of a citizen who is 12 months of age or below – $5,000
Spouse of a citizen – $35,000
Qualifying dependents of a citizen other than a spouse – $25,000

Real Estate (Approved Project)

Applicant with any dependent – USD 300,000 plus administrative fees.

Enterprise Project (Approved)

Applicant with upto 3 dependents – USD 250,000 plus administration fees

3. Grenada

Grenada Citizenship by Investment Unit (IMA) through Circular No. 2 of 2024 has announced new prices for CBI programme in accordance with the Memorandum of Agreement (MoA) among the Member States of the Organisation of Eastern Caribbean States offering Citizenship by Investment Programmes (CBIPs), a new pricing structure for the Investment Migration Agency Grenada (IMA) will be
implemented effective July 1, 2024.

Under the new framework, the minimum investment requirement for the Grenada Citizenship by
Investment Programme will become US$235,000.00. The threshold was increased from current old prices $150,000 (NTF donation) and $200,000 (real estate).

National Transformation Fund (NTF)

Single Applicant or a family of up to 4 – US$235,000
Additional dependents – US$25,000/$50,000
Sibling – US$75,000

Approved Project Investment (Real Estate)

Single Applicant or a family of up to 4 – US$270,000
Government Contribution – US$50,000
Additional dependents – US$25,000/$50,000
Sibling – US$75,000

The entire investment sum of $270,000 must be deposited into the Developer’s Escrow Account as per new rules.

4. Antigua and Barbuda

Antigua and Barbuda CIU has announced new investment thresholds for the citizenship by investment program, in accordance with the MOA signed with five eastern caribbean states. The new prices will be implemented by July 30, 2024 (instead of Jun 30), that is 30 days later from the proposed date, according to the memo sent to all CIP stakeholders by CEO of Antigua CIU Charmaine Donovan.

NDF Donation

For a family of 1 to 4, the minimum investment threshold will be
US$230,000
For a family size of 5 or more, the minimum threshold will be
US$245,000

UWI Fund

The minimum threshold will be US$300,000 (from current $150,000)

Real Estate

The minimum threshold will be US$325,000 (from current $200,000)

Business Investment

No changes to the current minimum $1.5 million to $5 million projects

5. St.Kitts and Nevis

St.Kitts was the first country to raise the CBI prices already implemented in July 2023.

SISC Fund Contribution

MAIN APPLICANT ONLY:US$250,000
MAIN APPLICANT AND A SPOUSE:US$300,000
MAIN APPLICANT AND ONE DEPENDANT:US$300,000
MAIN APPLICANT, A SPOUSE AND ONE OR TWO DEPENDANTS:US$350,000
MAIN APPLICANT AND TWO OR THREE DEPENDANTS:US$350,000
EACH ADDITIONAL DEPENDANT UNDER 18:US$50,000
EACH ADDITIONAL DEPENDANT AGED 18 OR OVER:US$75,000

Real Estate (Developer)

The minimum real estate investment in an Approved Development is US$400,000 (resaleable after seven years) for each main applicant.

Government Fee

MAIN APPLICANT:US$25,000
SPOUSE OF THE MAIN APPLICANT:US$15,000
ANY QUALIFIED DEPENDANT UNDER 18:US$10,000
ANY QUALIFIED DEPENDANT AGED 18 OR OVER:US$15,000

Private Homes

Applicants may qualify for citizenship through an investment in an Approved Private Home.

The minimum investment in a condominium unit designated as an Approved Private Home is US$400,000.
The minimum investment in a single-family private dwelling home designated as Approved Private Home is US$800,000.

Caribbean CBI Programs Just Got More Expensive