By Caribbean Information International 
TORONTO, Canada – Caribbean CIP/CBI packages in Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and Saint Lucia are making an anticipated quick exit, pinned to many issues of litigation, potential cancellation of visa-free entry to Europe, proposed US journey restriction/visa suspension and now, contract cancellation and termination.
Dominica, Grenada and St Kitts not too long ago cancelled some CIP/CBI citizenships and blacklisted brokers; nevertheless, enterprise continues as ordinary in different Caribbean islands.
The query prevails on the validity of the MOA and rules to validate Caribbean CIP/CBI packages.
As well as, an Interim Regulatory Fee (IRC) has reportedly been established. A regional regulator is a key provision within the Memorandum of Settlement (MOA), which was revealed in March 2024. As soon as formally established by means of the enactment of enabling laws within the taking part international locations, the regional CIP/CBI regulator will set requirements for, and regulate the programmes in accordance with worldwide finest practices and can monitor and report on compliance, ECCB report.
Maybe the draft laws and enactment scheduled for December 2025 by the 5 Caribbean CIP/CBI islands will adjudicate “usefulness” that’s “match for function.”
Many critical allegations proceed to be made that sharply deal with the utterances of native CIP/CBI authorities. Their response on restricted events are hardly plausible and of no validity to sway regional and inside affect and international decision-makers.
Of current significance, CIP St Lucia contract cancellation and termination provides to issues of credibility, fame and validity of packages underneath its funding choices.
- CIP St Lucia Bemax housing challenge has been suspended, PM Pierre introduced on December 18, 2024
- Saint Lucia has terminated the contract with Caribbean Galaxy introduced on April 16, 2025
Nevertheless, there stays full silence on the December 2022 contract.
Citizenship by Funding Summit 2025 (CIS25) final week underneath the banner: Integrity, Stability, Sustainability, famous that:
“Caribbean Citizenship by Funding leaders align for Resilient Financial Futures at CIS25. In opposition to a backdrop of shifting international insurance policies and rising calls for for transparency, the Citizenship by Funding Summit 2025 (CIS25) … this five-day summit convenes regional governments, worldwide due diligence suppliers, international funding migration corporations, and multilateral organizations to outline a brand new period of Citizenship by Funding (CBI).”
“At its core, CIS25 is not only a gathering — it’s an announcement. It asserts that sustainable growth and investor confidence in small island creating states should be constructed on robust governance, strategic innovation, and moral funding.”
The workplace of the prime minister of Grenada Dickon Mitchell Fb web page reads:
“As leaders of Caribbean nations with established Citizenship by Funding Programmes (CBIs), we engaged in a forward-thinking dialogue on easy methods to safeguard the credibility of our programmes by means of:
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- Strengthened regional collaboration on due diligence and vetting;
- Balancing integrity with competitiveness;
- Adapting to international regulatory shifts;
- Fostering investor confidence by means of transparency;
- Harmonising insurance policies throughout the area;
- Leveraging CBI frameworks for sustainable nationwide development.
“The integrity of our programmes should be actively preserved, by means of vigilance, collaboration, and a collective dedication to upholding the very best requirements. By doing so, we be sure that the advantages of those programmes attain our folks, strengthen our economies, and safeguard our fame as trusted companions on the worldwide stage.”
Delivering the price range tackle on April 22, 2025, prime minister and minister for finance, Phillip Pierre, mentioned:
“It’s unhappy and disappointing that whereas this authorities seeks to boost the credibility of the programme, there are badly motivated people within the opposition who stay dedicated to destroying it by making outlandish and damaging statements about its operations. The extent of their motivation has risen to consorting with international parts, hell-bent on destroying the picture and fame of our nation,” including, “ Saint Lucia’s CIP continues to develop while we search to search out steady enhancements in our course of and has been rated extremely within the international CIP house.”
Within the curiosity of accountability and transparency, prime minister Pierre, introduced:
“ Opposite to the bogus figures banded about by the opposition, the 2023-2024 audited Annual Report for the CIP unit signifies 1,171 candidates had been permitted for citizenship. For the 12 months 2022-2023, 544 candidates and 2021-2022, 433 candidates. Throughout these intervals, 92 candidates had been denied.
“This 12 months, we pledge XCD $5 million from the proceeds of the CIP as the primary installment into the Sovereign Wealth Fund (SWF), the fund will set an instance for Saint Lucia to develop a tradition of financial savings and investments and the creation of generational wealth.”~ Finances 2025/26.
At CIS 25, prime minister Pierre indicated that some of the proceeds from CIP shall be channelled into the SWF Fund to help local weather resilience and adaptation efforts, guaranteeing Saint Lucia can higher face up to and recuperate from future environmental and financial shocks.
CNG Insights
The apprehension of prime minister of Saint Vincent and the Grenadines, Ralph Gonsalves is at hand, “ it’s only a matter of time.”
The dominoes are falling, the gamble is over and the chances of safeguarding Caribbean CIP/CBI as an essential a part of the 5 Caribbean islands’ financial panorama will not be a call by the hands of Caribbean prime ministers and regional CIP/CBI authorities.
The CIP/CBI recreation is over, albeit, the assorted choices are a serious income for presidency doubtful tasks, political pet tasks and social hand-outs.
Hitherto, beforehand undisclosed/unknown siphoning to illicit channels and Caribbean CIP/CBI politicians and authorities’ financial institution accounts; regulation, credibility, and fame are superficial, if not, an try and divert the Caribbean sea.
