In a landmark move aimed at enhancing transparency and accountability, Senator Shenella Govia, Leader of Government Business in the Senate, introduced the Eastern Caribbean Citizenship by Investment Regulatory Authority Agreement Bill 2025. The legislation, presented on Thursday in St. John’s, Antigua, establishes a regional authority to oversee and harmonize Citizenship by Investment (CBI) programs across Eastern Caribbean states. The new regulatory body will implement uniform due diligence standards, approve eligibility frameworks for applicants, and maintain a comprehensive register of agents and developers. Additionally, the bill introduces stringent penalties for misconduct, including fines of up to US$250,000 for providing false or misleading information. A Council of Ministers, comprising representatives from each member state, will be tasked with overseeing the implementation and policy direction of the agreement. Govia emphasized that Antigua and Barbuda, a pioneer in the CBI sector, must uphold the highest standards of compliance to safeguard against reputational damage and potential sanctions. She highlighted that the legislation bolsters public confidence and reassures international partners of the region’s commitment to transparency and good governance. ‘This is a responsible and forward-thinking measure,’ Govia stated. ‘It signals to the world that Eastern Caribbean nations are united in protecting the value and credibility of our programs while strengthening the legal framework that underpins them.’ The bill received broad bipartisan support in the Senate and was passed without amendments.
Leader of Government Business Govia Calls Citizenship by Investment Bill a ‘Momentous Step Forward’ for Regional Integrity
