Caribbean Nations to Establish Regional CBI Regulator in September

Five Eastern Caribbean nations, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, and St. Lucia will enact legislation in September 2025 to establish the Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA), according to the Organisation of Eastern Caribbean States (OECS).

The authority will provide binding regional oversight for citizenship by investment programs, ensuring compliance with the principles agreed in 2023.

Its mandate includes a mandatory 30-day residency requirement, annual application quotas, enhanced due diligence procedures, and uniform enforcement standards across all participating jurisdictions.

ECCIRA will operate through a shared governance structure and maintain a centralized database managed by CARICOM IMPACS, enabling cross-border data sharing and coordinated enforcement actions.

It will also hold the power to impose sanctions, revoke agent approvals, and establish regional licensing standards for industry participants.

The initiative follows two years of consultations and negotiations, including the inaugural US-Caribbean Roundtable in February 2023, and is intended to strengthen program integrity while safeguarding a key source of revenue for participating nations.