The latest update concerns the costs associated with acquiring a Caribbean passport through a group or organization comprising Eastern Caribbean countries, which offers second citizenship and passport programs via investment. This update follows the conclusion of a joint cooperation agreement on March 30, 2024. The agreement, signed by four Caribbean countries, has been approved and ratified by the prime ministers and members of their respective parliaments. These countries include,
This agreement Specifies a set of basic provisions as follows:
Firstly,
Organizing the process of obtaining a second citizenship and a passport, the four countries agreed to establish common principles regarding the process of obtaining second citizenship and a passport, primarily from a security standpoint. Anyone seeking second citizenship and a passport from these countries must possess a 100% legitimate source of wealth, and their criminal record must be clean and free of any crimes or violations.
Secondly,
Collaboration among these nations aims to mitigate the emerging challenges that have gradually posed security risks to major countries such as the United Kingdom and the United States of America. Consequently, Eastern Caribbean countries have established joint security investigation bodies, partnering with three major nations, including the United Kingdom and the United States of America. This initiative seeks to streamline security screening processes, conduct rigorous investigations, and facilitate information exchange between the four Caribbean nations and these major powers. The goal is to thoroughly verify the criminal record and the source of wealth of applicants for second citizenship and passports, ensuring that only eligible individuals are granted citizenship.
Thirdly,
Starting from July 1, 2024, the costs of obtaining citizenship and passport will be raised, starting from 200,000 US dollars per person. In addition to the security check fees and fees for dependent persons who will be added to the application. The goal of raising costs is to select people who are able to obtain citizenship and passports and who will directly benefit the local economy of the Caribbean countries. The matter is not limited only to traveling freely to countries around the world.
Note :
“The law will be applied starting from July 1, 2024. All orders received before June 30, 2024 will not be subject to a cost increase and will be subject to current costs. “
Does this agreement benefit the applicant positively?
Yes, of course. Thus, the applicant will be sure that the Caribbean passport he plans to obtain is a very strong nationality and passport.
What about the citizenship and passport of Saint Lucia?
The State of Saint Lucia welcomed the decision to cooperate jointly with other Caribbean countries. However, it has suspended the implementation of this agreement for the time being to study the decisions further, It is recommended that other countries sign and join in the near future.
Watch the advisor talk about the latest update on the costs of obtaining second citizenship and a Caribbean passport by investment