Latest / IMI Podcasts / This Week in IMI - July 3: All 5 Caribbean CIPs Have New Prices, Sabah Launches MM2H Program, Antigua Delays MoA Implementation 30 Days, ++

Transcript

This Week in IMI - July 3: All 5 Caribbean CIPs Have New Prices, Sabah Launches MM2H Program, Antigua Delays MoA Implementation 30 Days, ++ · IMI Podcasts

• 0:00
  SPEAKER_00: You're listening to IMI this week.
• 0:03
  SPEAKER_00: Dominica has announced new regulations for its citizenship by investment program, effective july first, aligning with the Caribbean CIP memorandum of agreement.
• 0:13
  SPEAKER_00: The changes include new thresholds for the donation option, with a minimum contribution of$200,000 for a single applicant and$250,000 for a family of up to four, while the real estate investment amount remains at$200,000, but with revised government fees.
• 0:31
  SPEAKER_00: With this announcement, all five Caribbean countries have now revealed changes to their CIP pricing frameworks, although Antigua and Barbuda has requested a 30-day extension for implementation.
• 0:44
  SPEAKER_00: The state of Sabah in Malaysia has launched its own Malaysia My Second Home program, distinct from the federal MM2H program, offering a 10-year residency permit to eligible applicants who meet specific financial and property investment requirements.
• 1:00
  SPEAKER_00: The Sabah MM2H program differs from both the federal MM2H and Sarawak MM2H programs in its deposit amounts, income and presence requirements, age minimum, property investment conditions, and residency durations.
• 1:15
  SPEAKER_00: While all three programs aim to attract foreign residents, they have unique features tailored to their respective jurisdictions, with Sabah's program emphasizing high-rise property investments.
• 1:27
  SPEAKER_00: Antigua and Barbuda's Citizenship by Investment Unit agreed to propose changes, including a new$200,000 investment floor and application requirements to its program as part of a broader agreement among OECS territories.
• 1:43
  SPEAKER_00: But while the country announced their new minimum thresholds ranging from$230,000, the CIU has requested a 30-day extension to complete the parliamentary approval process.
• 1:54
  SPEAKER_00: Kevin Hosom and Patrick Peters view this announcement positively, praising the clarity it provides for current applications and urging other Caribbean countries to issue similar guidance, while emphasizing the importance of meeting upcoming deadlines for potential investors.
• 2:12
  SPEAKER_00: St.
• 2:13
  SPEAKER_00: Lucia has announced an increase in the minimum investment required for its citizenship by investment program, effective July 1st, aligning with the memorandum of agreement signed by five OECS member states.
• 2:25
  SPEAKER_00: The new minimum contribution for the National Economic Fund option is now$240,000 for a family of up to four, with increases also applied to real estate and enterprise project options.
• 2:38
  SPEAKER_00: Offering a 30-day grace period for in-progress applications, St.
• 2:42
  SPEAKER_00: Lucia becomes the fourth Caribbean country to announce new investment thresholds.
• 2:47
  SPEAKER_00: IAMA Granada's chief executive Thomas Anthony has announced new pricing for its citizenship by investment program, effective July 1st, becoming the second Caribbean nation after Antigua and Barbuda to implement changes under the regional MOA framework.
• 3:03
  SPEAKER_00: The new minimum investment thresholds are$235,000 for the National Transformation Fund option and$270,000 for the real estate investment option for families of up to four with additional costs for dependents.
• 3:19
  SPEAKER_00: Anthony emphasized the importance of complete applications submitted before June 30th to qualify for the old pricing regime and encouraged other regional programs to swiftly implement similar changes to harmonize standards across the Caribbean.
• 3:35
  SPEAKER_00: In this week's edition of Ten on the Weekend, IMI Pro Kevin Hosome shares his concerns about the future of Caribbean CIPs.
• 3:44
  SPEAKER_00: What has most surprised me this past year is the following through and signing of the MOA, which is coming to fruition, says Hosome.
• 3:52
  SPEAKER_00: Read the full interview on IMIDaily.com.
• 3:57
  SPEAKER_00: Thanks for joining us today on IMI Podcasts.
• 4:00
  SPEAKER_00: Subscribe for free to the IMI Daily 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.