Caribbean CBIs
Caribbean Citizenship-by-Investment Programmes: Performance and Challenges
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History and Growth of CBIs
Citizenship-by-Investment programmes began in 1984 in St Kitts and Nevis, followed by Dominica in1991, by Antigua and Barbuda and Grenada in 2013 and then St Lucia in 2015. Since 1984, several changes and adjustments were made to the various schemes. Basically, however, there are three types of programmes: a financial donation; real estate and an investment. The donation normally goes to the treasury or to a national development fund to finance strategic development projects. The real estate option which has become the most attractive in terms of demand involves the purchase of property which could be sold after an agreed length of time.