A new citizenship‑by‑investment scheme has been launched on a Caribbean island, targeting high‑net‑worth investors who seek a fast‑track passport. The government, in partnership with a consultancy that specializes in residency and citizenship programs, introduced the legislation on 1 September and began processing applications through a dedicated unit in Dubai.
Program framework
- The core legislation was drafted to provide a clear citizenship act, ensuring transparency and compliance with international standards.
- The regulatory design focused on three client priorities: rapid processing, options for citizenship by descent, and a price point that remains competitive with other programs.
Application channel
- Applications are submitted to the Citizenship‑by‑Investment Unit in Dubai.
- The first passport is scheduled for issuance the week after the program’s launch, following the approval of several initial letters of intent.
Agent network
- Approximately 20 agents have been formally approved to market the program.
- Additional agencies are undergoing due‑diligence checks.
Eligibility criteria for agents
- Minimum two years of experience in the citizenship‑by‑investment sector.
- Possession of an existing license in the relevant industry; the program excludes newly established agencies to ensure that promoters have a proven track record.
Projected demand
- The developers anticipate around 500 applications in the first year.
- They expect the volume to double in the second year, reflecting growing interest in the island’s offering.
The initiative aims to attract foreign capital to support local development while providing investors with a streamlined path to citizenship.
