Latest / IMI Podcasts / Full House: All 5 Caribbean CIPs St Lucia Raises CIP Minimum Now Have New Prices Following Dominica Gazetting

Transcript

Full House: All 5 Caribbean CIPs St Lucia Raises CIP Minimum Now Have New Prices Following Dominica Gazetting · IMI Podcasts

• 0:00
  SPEAKER_00: Dominica gazetted new citizenship by investment program regulations on june twenty eighth, which include new thresholds for its donation option and revised fees for its real estate investment option.
• 0:13
  SPEAKER_00: The changes which come into effect on july first aim to align the program with the Pan-Caribbean CIP memorandum of agreement.
• 0:22
  SPEAKER_00: Dominica's announcement means that all five Caribbean countries have now announced changes to their pricing frameworks.
• 0:30
  SPEAKER_00: St.
• 0:30
  SPEAKER_00: Kitts and Nevis has already implemented the changes.
• 0:34
  SPEAKER_00: Grenada and St.
• 0:35
  SPEAKER_00: Lucia's new regulations will come into effect on July 1, while Antigua and Barbuda has requested a 30-day extension.
• 0:45
  SPEAKER_00: Here are the key price changes in the new Dominica CIP regulations.
• 0:50
  SPEAKER_00: Contribution to the Economic Diversification Fund are as follows.
• 0:55
  SPEAKER_00: For a single applicant,$200,000.
• 0:58
  SPEAKER_00: Main applicant with up to three dependents costs$250,000.
• 1:04
  SPEAKER_00: Any additional dependent under the age of 18 costs$25,000.
• 1:10
  SPEAKER_00: Any additional dependent under the age of 18 costs$40,000.
• 1:16
  SPEAKER_00: The real estate investment amount remains unchanged at$200,000.
• 1:21
  SPEAKER_00: However, the government has amended the associated fees.
• 1:24
  SPEAKER_00: Real estate investment government fees are as follows.
• 1:28
  SPEAKER_00: Main applicant costs$75,000.
• 1:31
  SPEAKER_00: Main applicant and up to three dependents costs$100,000.
• 1:36
  SPEAKER_00: In the first iteration of the Gazette, Dominica listed the real estate fees for a family of four as$50,000.
• 1:44
  SPEAKER_00: Dominica has since issued a corrected version in which it listed the fee as$100,000.
• 1:51
  SPEAKER_00: Any additional dependent under the age of 18 costs$25,000.
• 1:57
  SPEAKER_00: Any additional qualified dependent 18 years of age or older costs$40,000.
• 2:04
  SPEAKER_00: The fees for a family of four, as gazetted by the government, are less than a single applicant, which is unique among Caribbean CIPs.
• 2:13
  SPEAKER_00: Due diligence, processing, interview, and certification of naturalization fees have not changed.
• 2:22
  SPEAKER_00: This episode first appeared as an article by Ahmad Abbas on IMIDAily.com.
• 2:28
  SPEAKER_00: Subscribe for free to the IMI newsletter for breaking news and updates from the investment migration industry, and consider upgrading your membership to IMI Pro to get insider access to networking opportunities, industry events, data, and members only content.