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 CBI law Amendments
On March 10, 2019, the Prime Minister’s Office of Grenada released the amendments to the CBI program in order to attract more investors.
The Minister of Trade, Industry, Cooperatives and CARICOM Affairs, Oliver Joseph, on Friday introduced a bill in the House of Representatives of Granada for the Citizenship by Investment amendment Act. 2019.
Food in The Caribbean, origin and history
Food, is an essential aspect of many family traditions in Caribbean culture. At holidays and special events, it is very common for people to spend many days preparing food.
Caribbean food includes all the favorite seafood, chicken, and steak, prepared with the spices and colorful ingredients of the Islands. Click here and learn about the 5 most delicious dishes in the Caribbean.
Istanbul Ethnosports Festival
The Ethnosports Culture Festival, which offers visitors a chance to watch ancient sports from around the world and get a taste of different cultures, began in Istanbul yesterday.
Study and Living in Albania
In this article, we are going to explain in short about studying and living in Albania the types of higher education in Albania, the tuition fees and living expenses in Albania
What Languages Are Spoken in Albania?
The spoken languages in Albania:
Albania is an ethnically homogeneous country with a vast majority of the population speaking the Albanian language. Minorities in the country speak their own native languages like Greek, Macedonian, Romani, and others. Italian and English are the most popular foreign languages spoken by Albanians.