![\"\"](\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2022\/05\/OECS-logo-e1668186486174-642x265.png\"){kind=logo}
<\/p>\n<\/p>\n
<\/p>\n
Dominica and other OECS countries that participate in Citizenship By Investment Programmes are actively working to put into effect the Memorandum of Agreement (MOA) in a concerted effort to strengthen the integrity of these programs and ensure their solid foundation.<\/p>\n
The MOA was signed by Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, and Saint Lucia.<\/p>\n
Published in March 2024, the MOA aims to promote mutual cooperation, information sharing, and adherence to common best practices and regulatory oversight standards. Commencing from July 1, 2024, all signatory countries have agreed that the minimum investment amount for any Citizenship By Investment option will be set at US$200,000.<\/p>\n
This means that the minimum sum to be invested in any government fund, government project, or private development project within the participating countries will be US$200,000. The MOA emphasizes that discounting the agreed minimum price is illegal, and market actors, marketing agents, local agents, and developers are encouraged to promptly report any evidence of attempts to offer discounts to the respective CBI Unit, Investment Migration Agency, or Financial Intelligence Units of the participating countries.<\/p>\n
Furthermore, the release highlighted plans for the establishment of an Interim Regulatory Commission, comprising seven members drawn from each of the participating countries, the OECS Commission, and the Eastern Caribbean Central Bank.\u00a0 The Interim Regulatory Commission will work towards developing, issuing, and enforcing regional standards for the CBI Programmes, as well as monitoring compliance with legislation, regulations, and international agreements, investigating complaints, and facilitating information sharing and engagements with regional and international stakeholders.<\/p>\n
The release mentioned that work streams have been developed and assigned for all articles of the MOA, and periodic updates on the implementation of the MOA will be provided by the participating CBI countries.<\/p>\n","protected":false},"excerpt":{"rendered":" Dominica and other OECS countries that participate in Citizenship By Investment Programmes are actively working to put into effect the Memorandum of Agreement (MOA) in a concerted effort to strengthen the integrity of these programs and ensure their solid…","protected":false},"author":13,"featured_media":284330,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[36,286,235,76,9,14],"tags":[],"class_list":["post-324970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-development","category-governance","category-homepage-carousel","category-international-relations","category-news","category-regional"],"acf":[],"yoast_head":"\n