In February 2023, a significant US-Caribbean Roundtable on Citizenship by Investment was held in St. Kitts and Nevis. As a result of this critical meeting, five Eastern Caribbean States with Citizenship by Investment (CBI) programs, namely Grenada, St. Kitts and Nevis, Antigua and Barbuda, St. Lucia, and Dominica, have collectively committed to six principles of the Citizenship by Investment Program proposed by the United States of America.

The official announcement was made in a press release that was published on the website of the Investment Migration Council, which is a global platform for the investment migration industry.

Here are the six principles that have been agreed upon:

1. Collective Agreement Regarding the Treatment of Denials: These Caribbean countries are not going to process applications from persons whose applications have been denied in another CBI jurisdiction by proactively sharing information on denials. This agreement was reached as part of the CBI’s CBI Collective Agreement on the Treatment of Denials.

2. Interviews: Effective from the beginning of April, Caribbean countries will conduct interviews with the citizenship applicants, either virtually or in person, using the most convenient method for all sides.

3. Further Due Diligence Checks: Each jurisdiction will conduct checks on each application in conjunction with the Financial Intelligence Unit of the country to which it belongs.

4. Audits: They have to carry out program reviews on an annual or biennial basis, ensuring that they adhere to generally acknowledged norms worldwide.

5. Revoked or Recalled passports: These people must be retrieved with the assistance of law enforcement by submitting a request for their retrieval.

6. Applications of people from Russia and Belarus: All Caribbean states are going to put a hold on the processing of applications of people from Russia and Belarus.

Grenada, which is the only Caribbean country that now processes applications from Russians and Belarusians with heightened due diligence, will accept and process new applications from Russia and Belarus until March 31, 2023. This application follows the lead of four other countries, which have already taken similar measures.

Grenada Citizenship by Investment Program has been one of the most popular citizenship programs among high-net-worth individuals over the years. This is the last call for Russian and Belarusian citizens to get their second passports from Caribbean countries.

Benefit from the limited-time offer and get in touch with us to receive your second passport for you and your family members.