Caribbean Nations Unite to Strengthen Citizenship by Investment Programs

Dominica, along with three other Caribbean nations, has entered into a Memorandum of Understanding (MOU) aimed at enhancing their Citizenship by Investment Programs (CBIP).

Led by St. Kitts and Nevis Prime Minister Dr. Terrance Drew, the initiative seeks to demonstrate the countries' commitment to operating their CBI programs with adherence to best practices, due diligence processes, and intelligence sharing regarding security and compliance risks.

The signatories of the MOU include Dominica, Antigua and Barbuda, St. Kitts and Nevis, and Grenada, all of which are members of the Organization of Eastern Caribbean States (OECS).

The agreement, dated March 20, 2024, was commended by Dr. Drew, who announced the countries' intention to raise the minimum threshold of their CBIP to at least US$200,000 by June 30, 2024.

Currently, according to information from dominicacitizenshipbyinvestment.com, a Dominican passport can be acquired for US$100,000.