List of Caribbean Countries Offering Citizenship by Investment

List of Caribbean Countries Offering Citizenship by Investment
LinkedIn
Facebook
Twitter

It can be challenging to choose between the many Citizenship by Investment (CBI) programs available today. These programs are available on every continent, from Europe to the South Pacific, and they all provide excellent opportunities and benefits for foreign nationals. However, despite the abundance of options available to high-net-worth investors, Caribbean CBI programs continue to be their preferred option to obtain a second passport. The Caribbean passport provides a fantastic range of advantages, including warm tropical weather, beautiful beaches, an exciting laid-back lifestyle, and access to incredible resources. The following are the Caribbean countries that offer citizenship by investment programs:

Commonwealth of Dominica

The Commonwealth of Dominica launched its citizenship by investment program in 1993 that allows foreigners from all over the world to obtain second citizenship by investing in the country. Dominica has launched this program to increase foreign investment and develop its economy and infrastructure in line with many other countries. The government offers foreigners the option of investing in government-approved real estate or contributing to the country’s Economic Diversification Fund.

In the current global economy, Dominica is an affordable and flexible second passport option. It was not possible to become a Dominican citizen without residing in the country before 1993. By introducing the Economic Dominica Citizenship program, the Dominican government eliminated the residency requirement to become a citizen. In return for their contribution, applicants and their families receive full citizenship allowing them to travel visa-free to 139 countries from the EU, including the UK and Schengen area.

Dominica’s contribution option is the most affordable way to become a citizen. An individual applicant will pay $100,000 plus fees, while a family of four will pay $200,000 plus fees. Property investors can now invest in Dominica and gain citizenship and a golden visa.

Antigua & Barbuda

The lush and beautiful island nation of Antigua and Barbuda is renowned for its beautiful turquoise-coloured beaches, incredible scenery, and laidback island lifestyle. Aside from its picture-perfect landscapes and high level of tourism, this Caribbean nation has one of the world’s most popular citizenship programs.

An investor can qualify for citizenship by contributing to Antigua and Barbuda’s National Development Fund or investing in government-approved property. Families find the donation option to be extremely popular. In addition to the fees and taxes, this Caribbean solution is the most cost-effective choice for an entire family. Applicants must have excellent character, be healthy, and have no criminal history. The citizenship program in Antigua does not require interviews, and the application can be completed without travelling to the country. In cases where investment must be maintained for the first five years, the minimum residency requirement is five days. Dependent children up to age 28 (subject to restrictions) and dependent parents over 58 are eligible. In Antigua, there is no tax on worldwide income.

St. Kitts & Nevis

St. Kitts and Nevis is known worldwide for having one of the best CBI programs. Since 1984, this CBI program has only grown in strength over the last 30 years – cementing its place as one of the most promising paths to second citizenship by investment by recently achieving platinum status in the industry. The only requirement for obtaining a St. Kitts & Nevis passport is that applicants contribute to St. Kitts & Nevis’ Sustainable Growth Fund or invest in the country’s government-approved real estate. Second citizenship in St. Kitts may complement existing tax planning and wealth protection strategies since Saint Kitts, and Nevis do not tax overseas income or capital. The United Kingdom, Schengen Area, Hong Kong, Russia are all visa-free countries for St. Kitts & Nevis citizens. A dependent child up to age 30 and a dependent parent up to 55 years old can be included in the application. It is not necessary to visit.

St. Lucia

Among all of the Caribbean programs, the St. Lucia Citizenship by Investment program offers benefits such as unspoiled landscapes, highly regarded beaches, a warm climate, and the passport’s many benefits in exchange for an investment in the country. Individuals can invest in government-approved real estate within St. Lucia or contribute one time to the St Lucia National Economic Fund to acquire a St. Lucia passport. On January 1, 2016, the St. Lucian government launched a citizenship program to encourage foreign investment. The minimum investment requirement is to invest in an approved real estate project or the Saint Lucia National Economic Fund. The Citizenship program requires a minimum donation amount of $100,000 for an individual applicant, $165,000 for a couple, and $190,000 for a family of four. For real estate, the minimum application threshold is $300,000. The government has launched an offering of temporary bonds starting at $300,000 for one applicant with a return of capital in five years. In all cases, government fees, professional fees, and due diligence fees will be charged. It is not necessary to reside in Saint Lucia to apply. It is possible to submit applications remotely as there is no requirement to visit the island. It requires approximately three months for the processing. The application can include dependent children. 145 countries grant visa-free access to passport holders of St. Lucia.

Grenada

Grenada Citizenship by Investment, launched in August 2013, might be one of the newest Caribbean programs on the market, but it has shown to be every bit as beneficial and attractive to foreign investors as its counterparts. Moreover, it is the only Caribbean CBI program that provides visa-free access to China for its citizens and the chance to acquire an E-2 Investor Visa in the United States. For citizenship, a person must contribute once to Grenada’s National Transformation Fund or invest in government-approved real estate located within the country.  

Benefits of Grenada Citizenship by Investment (CBI) Program:

  • Processing time is less than 90 days.
  • No need to visit Grenada to secure your citizenship application.
  • Citizens are exempt from paying foreign income tax, capital gains, and inheritance.
  • Grenada recognizes dual citizenship, and so you are considered a citizen of both Grenada as well as your home country.
  • Visa-free access to 142 countries.
  • A gateway to acquire a US E-2 visa- The only Caribbean citizenship program that has it.

Citizenship in the Caribbean offers the following benefits:

  • Over 140 countries and territories worldwide offer visa-free or visa-on-arrival entry to Caribbean citizens, including the United Kingdom, the Schengen Area, and Singapore.
  • A perfect retirement option- Most people would think of these Caribbean Island nations as paradise in retirement – so why not enjoy your golden years here after all your hard work!
  • In times of economic or political instability in your home country, holding second citizenship in a Caribbean nation is a great Plan B for peace of mind.
  • A favorable tax policy: All the countries on this list do not tax foreign income, dividends, capital gains, gifts, or inherited wealth.
  • No physical residency requirements exist, and applicants are not required to visit the island nation before applying.
  • The above listed Caribbean countries all permit dual citizenship. If you obtain citizenship in one of those countries, you don’t have to renounce your current citizenship(s), nor will your home authorities be made aware of your new citizenship.

Applications for citizenship from these Caribbean countries are not accepted directly by their governments. The best way to apply for citizenship by investment is to process your application with a government-approved agency, such as Passport Legacy. We are a diverse group of experienced CBI and RBI industry professionals, uniquely qualified and trustworthy to assist you on your quest to secure a better future for yourself and your family.

LinkedIn
Facebook
Twitter

Recent Posts