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Caribbean States Advance CIP Memorandum Of Agreement


The Caribbean countries which offer Citizenship By Investment Programmes are moving with alacrity to implement the Memorandum of Agreement (MOA).

The signatories of the MOA are: Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Kitts and Nevis and Saint Lucia. ​ See signed MOA.

The MOA which was published in March 2024 aims to ensure mutual cooperation, information sharing and adherence to common standards of best practice, and regulatory oversight.

With effect from July 01, 2024all countries have agreed that the minimum price for any CBI options shall be US$200,000.

This means the minimum sum that will be paid into any government fund, government project or private development project of, or in participating countries shall be US$200,000.

The signatories to the MOA make it abundantly clear that discounting of the agreed minimum price is illegal.

Market actors, Marketing Agents, Local Agents and or Developers who have evidence of any attempt at, or instances of discounting should report same promptly to the CBI Unit, Investment Migration Agency or Financial Intelligence Units of the participating countries.

In respect of a regional regulatory body, participating Governments will soon appoint an Interim Regulatory Commission pending the enactment of enabling legislation for the regional regulator.

The 7-member Interim Regulatory Commission will be drawn from each of the participating countries (5), the OECS Commission and the Eastern Caribbean Central Bank. The functions of the regional regulator will include to:

  • Develop, issue and enforce regional standards for CBI Programmes.
  • Monitor compliance of legislation, regulations and standards.
  • Monitor compliance with international agreements.
  • Investigate complaints.
  • Facilitate information sharing and engagements with regional and international stakeholders.

Work streams have been developed and assigned for all articles of the MOA. ​ The CBI countries will provide periodic updates on the implementation of the MOA.

SOURCE: Organisation of Eastern Caribbean States/SLT

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  1. Going forward, attempts to make right the wrongs committed, must not be done in secrecy. There must be public exposure of the culprits and the offenses committed. Only that way will public officials learn from their illegality and suffer the consequences of their actions.


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