In June 2024, the Organisation of Eastern Caribbean States (OECS) announced a significant Memorandum of Agreement (MOA) among its member countries—Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, and Saint Lucia—to harmonise their Citizenship by Investment (CBI) programmes. This collaborative effort aims to enhance the integrity, transparency, and competitiveness of their CBI offerings.

Key Initiatives Under the MOA

The agreement introduces several pivotal measures:

• Standardised Investment Threshold: Effective 1st July 2024, the minimum contribution for CBI options across these nations is set at USD 200,000.
• Establishment of an Interim Regulatory Commission (IRC): July 2024 also marks the creation of the IRC, comprising representatives from each member country, the OECS Commission, and the Eastern Caribbean Central Bank. The IRC’s responsibilities include:
  • Developing and maintaining regional standards for CBI programmes
  • Ensuring legal compliance and adherence to international agreements
  • Reviewing grievances
  • Facilitating information sharing among regional and international stakeholders

Implications for Prospective Investors

These unified standards present several advantages:

• Enhanced Programme Integrity: The collaborative approach ensures that all participating nations adhere to stringent due diligence and compliance measures, bolstering the credibility of their CBI programmes.
• Simplified Decision-Making: With standardised investment thresholds, investors can focus on other factors, such as specific benefits and personal preferences, when choosing a programme.
• Strengthened Regional Cooperation: The MOA reflects a commitment to collective growth and stability, enhancing the overall appeal of Caribbean CBI options.

Coates Global: Navigating the New CBI Landscape

As the Caribbean CBI programmes evolve, Coates Global remains dedicated to providing expert guidance tailored to these changes. Our team is prepared to assist investors in understanding the new standards and selecting the most suitable options aligned with their goals.

Contact Coates Global today to explore your opportunities under the harmonised Caribbean Citizenship by Investment programmes