On March 20, 2024, 4 Caribbean countries signed a memorandum of agreement (MOA) to unify and regulate CBI programs.
Antigua and Barbuda, Dominica, Grenada, and St Kitts and Nevis signed this agreement while Saint Lucia was outside this agreement, for reasons that may be explained later.
What are the benefits of this agreement on CBI programs in the Caribbean?
- Standardized minimum investment: $200,000 for all four programs by June 30, 2024.
- Promoting transparency: sharing information between countries, and establishing a digital portal with the Joint Regional Communications Center (JRCC) in Barbados.
- Establishment of a joint regional authority: to set international standards and regulate programmes.
- Cooperation in Due Diligence process: to ensure the security of citizens of citizenship by investment programmes.
- Regulating agents: Preventing the use of misleading terms such as “visa-free access.”
What are the objectives of the Caribbean Islands Convention?
- Increase confidence in the legitimacy of CBI Programs.
- Ensuring stability of investments.
- Creating a safe and transparent path to Caribbean citizenship.
Prime Minister Dickon Mitchell of Grenada also praised the agreement, saying: “This agreement will put an end to the underselling and financial discrepancies that have drawn criticism in previous CBI Programs.” While Prime Minister Terrance Drew of Saint Kitts and Nevis expressed his support for the agreement, stressing its importance in improving citizenship by investment programmes. This agreement represents a milestone in the history of CBI programs in the Caribbean region.
We, as experts at NTL, see this agreement as a milestone in the history of citizenship by investment programs in the Caribbean region.
Grenada Government Simplifies Citizenship Procedures
In an effort to simplify the process of obtaining citizenship, the Government of Grenada, one of the Caribbean islands, is seeking to make the application and follow-up process in two phases instead of one stage only. Therefore, the new procedure will significantly reduce the time taken for transactions.
What is the Turkish Portal (your key Turkey)?
It is an online portal for foreigners, launched by the Turkish Ministry of Environment and Urban Development. It is an easier way to obtain all information and consultations related to Real Estate, Real Estate Registration, and how to obtain Turkish citizenship by investing for foreigners wishing to buy real estate or/and obtain citizenship in Turkey.
NTL AT RAK International Exhibition for SME 2019
In response to a special invitation, NTL company represented by Mr. Imad Elbitar, Nationalities and Citizenship Expert, attended the opening of the (Ras Al Khaimah) RAK International Exhibition for Small and Medium Enterprises SME, followed by a luncheon that brought together many investors, diplomats and managers of participating companies from around the world.
First Day In InvestPro 5th – Dubai
InvestPro conference takes place in Dubai – UAE, at Oberoi Hotel for two days from 13 to 14 November.
NTL, represented by Mr. Imad Elbitar, Nationality and Citizenship Expert, and Regional Director for the Middle East and Turkey, participates in the conference.
Comparison Between Turkey and Caribbean CBI
The second citizenship is considered the pass card to secure a better future for the investor and his family. In this article, we put together a comparison between the most required passports and their advantages.