as CBF reported: In July 2025, five Eastern Caribbean nations – Dominica, Antigua and Barbuda, Grenada, Saint Kitts and Nevis, and Saint Lucia – signed a landmark regional agreement to overhaul their Citizenship by Investment (CBI) programs. This move marks the beginning of a new era in regional cooperation and tighter oversight of programs that generate billions in revenue annually.
Key Details
According to the Organisation of Eastern Caribbean States (OECS), the countries will establish a new body, the Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA), in September 2025.
“Five Eastern Caribbean nations will enact legislation in September 2025 establishing the Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA), according to the OECS. This marks the transition from two years of consultation and drafting to binding regional oversight for citizenship programs that generate billions in revenue for Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, and Saint Lucia.” IMIDaily
Why This Matters?
- Greater Transparency: The agreement introduces stricter due diligence and mandatory physical presence of at least 30 days within the first five years.
- Annual Application Caps: Countries will now apply limits on the number of CBI applications to ensure sustainability.
- Stronger International Credibility: The reform is partly in response to pressure from the EU and US, aiming to enhance the reputation and legitimacy of Caribbean CBI programs.
Conclusion
With the creation of ECCIRA, Caribbean states are taking a major step toward strengthening their citizenship programs. For Dominica, this agreement is not only about compliance but also about securing the long-term value and credibility of its CBI offering. Contact CBF for more info.