Caribbean citizenship. How the Caribbean CIPs will work from July 1, 2024

Caribbean citizenship

The last week of June was spent awaiting announcements from the founding countries of the famous Caribbean Citizenship by Investment programs. This is due to the Memorandum on increasing the cost of participation and tightening conditions for candidates from July 1, 2024. As expected, not all countries will be able to change processing within the stated time frame. In particular, Antigua is postponing the “start” by 30 days – to July 26, 2024. That is, you can still have time to submit an application under the old conditions through a licensed agent — Apex Capital Partners. But Grenada has already approved new rules that will come into force on July 1, 2024, that is, there will be no transition period under this program.

Caribbean citizenship. Antigua and Barbuda. The new rules will come into force on July 26, 2024

On June 26 of this year, the Antigua and Barbuda Citizenship by Investment Unit sent out guidelines for the further functioning of the citizenship program to program agents. This is the first official document from the founding country of the Caribbean Citizenship by Investment program, which explains the “consequences” of signing the Memorandum on increasing prices and tightening checks. The document contains many points, including those relating to applicants’ documents, bank payments and technical issues related to file processing. But here’s the main thing investors need to know.

Make it on the old terms!

All applicants for Antigua and Barbuda citizenship have about a month (until July 26, 2024) to enter the program under the old conditions, according to which the donation to the National Development Fund (NDF) is from $100,000, donation to the University of the West Indies Fund is $150,000 per family from 6 people, and $200,000 for an authorized real estate (for example, units in Hodges Bay Resort).

New requirements after the transition period

After July 26, 2024, you can apply for Antigua and Barbuda citizenship under the following conditions:

Donation to the National Development Fund (NDF)

for 1-4 applicants

$245,000 for 5 or more applicants

Donation to the University of the West Indies Fund

for 6 or more applicants (family friendly option)

Real estate investment (returnable investment)

from $325 000

Caribbean citizenship.  The new rules come into force on July 1, 2024

Grenada. So, it will no longer be possible to enter the Grenada program under the old conditions, since new minimum rates for obtaining citizenship by investment will be introduced from July 1, 2024. It is already known that investment rate for the donation to the National Transformation Fund (NTF) option will be from $235,000 for 1-4 people, while for each additional family member you will need to pay an additional $25,000 depending on his age. And the option with authorized real estate has risen to $270,000.

Saint Lucia announced immediate changes to qualifying investment options since July 1, 2024. From now on National Economic Fund investment is from $240,000 (for the family of 1-4 people). And investment in an approved real estate project for applicant an any number of qualifying dependents – $300,000 plus applicable administration fees. But no changes for National Action Bond option, unique returnable option CIP offer on the market, have been announced.

Dominica also announced changes to qualifying investment options since July 1, 2024. From now on Economic Diversification Fund investment is from $200,000 for a single applicant and $250,000 for a family of four. The qualifying investment amount has not been changed for real estate option – minimum $200,000 but the government has amended the associated fees. Government fee for main applicant – $75,000, for a family of 4 — $100,000, any additional dependent under the age of 18 – $25,000, any additional dependent 18 years of age or older — $40,000.

Saint Kitts and Nevis has implemented changes to the investment prices long time ago.

For investors we offer a wide range of Citizenship by Investment Programs to choose from. Please, contact Apex Capital Partners to get more information and ask personal questions. You can get free consultation from Apex Capital Partners on the program of Citizenship of Turkey, Portugal’s Golden Visa. As well as Cyprus, Caribbean (Citizenship of St. Kitts and Nevis, Dominica, Grenada, Saint Lucia, Antigua). Ask your question –

If you are a private banking specialist, a family lawyer, or work as a financial consultant in Middle East, Africa, China or any other region of the world, do not hesitate to contact Apex Capital Partners and become a partner, a part of our strong professional network. APEX has all the main local agent licenses to work with Citizenship by Investment Programs, including all key Caribbean CIPs. Please contact – Armand Tannous,

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Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.

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The experience of Apex Capital Partners with the real estate market allows us to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.

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