The Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA) Agreement Bill, 2025, was successfully passed in the National Assembly on Friday October 17th.

The legislation establishes a regional regulatory authority that will provide unified oversight, regulation, and enforcement across participating Eastern Caribbean States.

Prime Minister, Minister of Citizenship and Immigration and Mover of the Bill, the Hon. Dr. Terrance Drew, was quoted as saying “this Bill demonstrates that we really mean business when it comes to regulating the CBI programmes throughout the OECS.”

The new Authority will be mandated to promote accountability, transparency, and due diligence across all participating jurisdictions. It will have the power to issue regulations, conduct reviews, and enforce compliance through a full range of mechanisms.

The legislation also introduces offences and penalties for breaches, including administrative fines, license revocations, and criminal referrals for serious misconduct.