Full House: All 5 Caribbean CIPs Now Have New Prices Following Dominica Gazetting

Dominica gazetted new Citizenship by Investment Program (CIP) regulations on June 28th which include new thresholds for its donation option and revised fees for its real estate investment option.

The changes, which come into effect on July 1st, aim to align the program with the pan-Caribbean CIP Memorandum of Agreement (MoA).

Dominica’s announcement means that all five Caribbean countries have now announced changes to their pricing frameworks.

St Kitts & Nevis has already implemented the changes. Grenada and St Lucia’s new regulations will come into effect on July 1st, while Antigua & Barbuda has requested a 30-day extension.

Here are the key price changes in the new Dominica CIP regulations:

Contribution to the Economic Diversification Fund (EDF):

• Single applicant: US$200,000
• Main applicant with up to three dependents: US$250,000
• Any additional dependant under the age of 18: US$25,000
• Any additional dependant under the age of 18: US$40,000

The real estate investment amount remains unchanged at US$200,000; however, the government has amended the associated fees.

Real estate investment Government Fees:

• Main applicant: US$75,000
• Main applicant and up to three dependants: US$100,000*
• Any additional dependant under the age of eighteen: US$25,000
• Any additional qualified dependant eighteen years of age or older: US$40,000

The fees for a family of four, as gazetted by the government, are less than a single applicant, which is unique among Caribbean CIPs.

Due diligence, processing, interview, and certification of naturalization fees have not changed.

*In the first iteration of the gazette, Dominica listed the real estate fees for a family of four as US$50,000. Dominica has since issued a corrected version in which it listed the fee as US$100,000.