Caribbean: What is the best program for you and your family?

Caribbean- What is the best program for you and your family?
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Potential investors need to pay attention to the details of each program when choosing the perfect country for their second passport, as these are very similar in concept. The investment goals lead to the ultimate decision, and these goals could range from business opportunities to a ‘Plan B’ should anything ever happen. During times of uncertainty, investing in a second passport may prove helpful.

Passport Legacy offers the most popular citizenship by investment programs in the Caribbean: St Kitts and Nevis, Antigua and Barbuda, Grenada, Dominica, and St Lucia.

In addition, we also offer CBI and RBI programs in Europe.

This article will briefly discuss the particularities and advantages of each Caribbean country.

Antigua and Barbuda

The Antigua and Barbuda citizenship by investment program is one of the latest, established in 2012, and most efficient programs. Investors’ lives have been made easier due to the quick application processing, allowing applicants to obtain their second passports within 4 to 6 months. 

This program is most suited to large families through the option of contributing to the University of the West Indies for families with at least six applicants, offering very competitive pricing.

The Program also prides itself on being crypto-friendly.

The most recent changes to the Antigua and Barbuda Citizenship by Investment program contemplated updates on the several Government costs and fees, resulting in lower prices.

Several recent changes were made to what is considered a dependent, widening the range of family members that can be added by the Main Applicant, such as unmarried siblings.

You should choose this program if… You have five more family members that you would like to add under one application.

Dominica 

The Dominica Citizenship by Investment Program is one of the most popular programs in comparative terms, ranked highly in the 2021 annual CBI index for its minimum investment outlay, due diligence, ease of processing and certainty of acquiring citizenship, making it one of the most sought-after programs in 2021. It is a well-established program, having entered in force in 1993.

One of the most recent developments in this program that makes it attractive for prospective clients is its visa-free access to the People’s Republic of China and another 142 countries, including the Schengen countries, the United Kingdom, Singapore, and Hong Kong.

You should choose this program if… Visa-free travel to China is a must.

Grenada

Grenada has established its Citizenship by Investment program in 2013. It is the only country in the Caribbean that boasts an E2 Treaty Visa with the USA. This enables any holder of a Grenadian passport to obtain a residency visa in the USA, valid for five years, by establishing or entering into an existing business in the USA.

In addition, Grenada enjoys visa-free access to the People’s Republic of China, along with other 150 destinations.

You should choose this program if… Business in the USA is a priority.

St Lucia

The St Lucia citizenship by investment program, known as St. Lucia CIP, was launched in 2016.

With your St Lucian passport, you can travel visa-free to 146 countries, including Singapore, Hong Kong, the United Kingdom, and Schengen. 

The program of Saint Lucia is currently the most cost-efficient way to obtain alternative citizenship, with the lowest contribution option, in comparative terms with the other Caribbean programs.

You should choose this program if… You wish to obtain a second passport in the most cost-efficient way possible.

St Kitts and Nevis

St Kitts and Nevis citizenship by investment program is the first country to have launched their CBI program in 1984, having practically created the industry, and the modus operandi of the other Caribbean programs, with the Main Applicant being able to choose between Donation or Real Estate options.

Additionally, St. Kitts and Nevis do not tax overseas income or capital, making it attractive for foreign investors. In a bid to make it easier to invest in the eastern Caribbean country, St Kitts and Nevis launched a private home option, under which applicants can purchase a private home worth U$400,000, and an ‘alternative investment option,’ under which applicants can invest in locally approved projects not necessarily linked to real estate or the tourism industry.

Still unsure which option to take, schedule an appointment with our client advisors here. Please visit our St Kitts and Nevis page for more information about the Citizenship by Investment program.

You should choose this program if… You value the most established and longest-running CBI Program.

In conclusion, you cannot go wrong with any of the options above. If you still need more information and guidance, Passport Legacy can help you get started with your application for a smooth and seamless process. You can book a free consultation with one of our client advisors here. Please click here for more information about any of our Caribbean CBI programs.

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