{"id":47031,"date":"2024-09-16T18:10:45","date_gmt":"2024-09-16T11:10:45","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=47031"},"modified":"2024-09-17T03:13:22","modified_gmt":"2024-09-16T20:13:22","slug":"eastern-caribbean-citizenship-by-investment-enhanced-legal-framework-new-regional-cooperation","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/caribbean-citizenship-by-investment-stricter-legal-framework\/","title":{"rendered":"Caribbean Citizenship by Investment: Stricter Legal Framework"},"content":{"rendered":"

Five Eastern Caribbean countries offering Citizenship by Investment (CBI) programs are moving forward with the establishment of a regional regulatory body for CBI.<\/strong> This development follows the third U.S.-Caribbean CBI Roundtable held in Grenada on August 29, 2024. The OECS deemed the meeting “productive” and highlighted progress in implementing the six CBI principles agreed upon in February 2023.<\/p>\n

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Eastern Caribbean Central Bank Governor Timothy N.J. Antoine, who co-chaired the dialogue with Acting Assistant Secretary of the Treasury Warren Ryan, revealed that “the region will soon announce the appointment of an Interim Regulatory Committee tasked with establishing the regional regulator.”<\/strong> The primary goal of this regulatory body is to standardize, regulate, and oversee CBI programs in Antigua & Barbuda, Dominica, Grenada, St. Kitts & Nevis, and St. Lucia (collectively known as the Caribbean Five). It will also have the authority to impose corrective measures as needed.<\/p>\n

Delegates at the dialogue acknowledged the “region’s concerted efforts toward full implementation of the principles.”<\/strong> The Caribbean Five has completed four of the six principles:<\/p>\n