There are 5 main Citizenship by Investment (CBI) programs to come out of the Caribbean – namely, St. Kitts and Nevis, St. Lucia, the Commonwealth of Dominica, Antigua and Barbuda, and Grenada – each one differing slightly in costs and requirements.
However, no matter the differences, it’s the similarities shared by these 5 programs that make them all attractive prospects to high-net-worth individuals seeking second citizenship.
In this article, we look at the benefits and solutions these programs have in common to find out why investors are choosing to apply for Caribbean Citizenship by Investment.
1. Fast application process
Caribbean CBI programs are known to offer a quick, simple route to a second citizenship. The average European immigration program has a turnaround of 6 to 12 months to second citizenship or permanent residency.
However, in most cases, applications to Caribbean CBI programs are approved within 3 to 4 months. In addition, there are expedited fast-track processes that see investors receiving their new passport in just 60 days.
2. Straightforward, simple procedures
Grenada, Dominica, and the other Caribbean programs’ application processes are not as time-consuming and demanding on investors as their European counterparts.
This is not to say that these programs have less reliable background checks, due diligence and legal documentation requirements than European ones – it simply means that the rules, regulations and procedures in place allow for an easier application process.
In addition, you are not required to pass any interviews and language tests, nor do you need to possess any previous work or education experience to apply to any of the programs mentioned in this article.
3. Affordable entry investment cost
The Caribbean is home to the most cost-effective CBI programs in the industry. Investment options start from USD 100,000 in Dominica, Antigua and Barbuda and St. Lucia. And for just USD 50,000 more, you can get citizenship in St. Kitts and Nevis and Grenada.
4. Unrestricted travel around the globe
Holding a Caribbean passport enhances your global mobility with visa-free and visa-on-arrival access to over 120 countries and territories, including the Schengen Area, the United Kingdom (UK) and Singapore.
Save time and money by avoiding applying for an endless number of visas and travel documents and enjoy unrestricted travel for business or leisure to the most popular destinations around the world with a passport from St. Kitts and Nevis or Antigua and Barbuda – which grants access to 152 and 140 countries respectively.
5. No physical residency requirements
Most of the Caribbean countries impose no minimum stay requirements, except for Antigua and Barbuda – where investors are only required to physically reside on the island for 5 days within 5 years.
In addition, all programs allow for the application process to be completed remotely and passports to be delivered via courier. visit the site bolly4u
6. Lifestyle property investment
Investing in a government-approved real estate project is one of the ways investors can obtain citizenship in the Caribbean. In most cases, this investment takes the form of shares in hotels, condos or resorts that are popular with tourists.
The Caribbean is a major tourist destination with travelers flocking from all over the world to spend their vacations on one of the beautiful islands. So, not only do investors benefit from a good return on investment, but they also have the opportunity to visit their host country each year for a summer getaway.
8. Passport for the whole family
Although the requirements of who is considered an eligible dependent differ from program to program, the fact remains that the Caribbean programs allow family members to be added to your application. That means your loved ones also can enjoy second citizenship and passport.
Programs, like St. Kitts and Nevis, take it a step further by allowing dependent siblings to be added to applications, in addition to a spouse and dependent children and parents.
9. Access to the USA
This point only applies to Grenada as it’s the only Caribbean country that offers its citizens the opportunity to apply for an E-2 Investor visa – a coveted travel document that grants access to the United States of America (USA).
The E-2 Investor visa enables its holder and their family to live, work and study in the USA.
10. Favourable tax policies
When it comes to tax, the more money you make, the bigger the amount you have to give away. And depending on where you’re from, the amount might be larger than what you take home. Not to mention the inheritance and gift taxes which can further reduce this already-taxed figure if you plan to provide for any heirs.
Caribbean Citizenship by Investment programs are especially worthwhile from a tax perspective. For instance , Dominican non-resident citizens are exempt from income tax unless sourced or derived within the country. And in St. Kitts and Nevis, citizens don’t pay income tax, estate tax , wealth tax and tax on capital gains.
None of the Citizenship by Investment programs mentioned in this article requires applicants to renounce their current citizenship(s). You will be permitted to maintain your current nationality and benefit from both citizenships
What’s more, all the Caribbean CBI programs guarantee full confidentiality. Your home country authorities will not be notified of your new nationality and passport.
Which islands offer a CBI program?
Antigua & Barbuda second citizenship from USD 100,000
Commonwealth of Dominica second citizenship from USD 100,000
Grenada second citizenship from USD 150,000
St. Kitts & Nevis second citizenship starting from USD 150,000
Saint Lucia second citizenship from USD 100,000
Book a free consultation
If you like what you’re hearing and are ready to take the next step and start the application process to obtain second citizenship in the Caribbean, we are more than happy to assist you on this journey.
Always remember, when applying for any Citizenship by Investment programs, be sure to use the services of an accredited and recognised advisor, like Savory & Partners. visit here movie4me
The team at Savory & Partners is made up of a diverse group of Residency and Citizenship by Investment experts who are from over 15 nationalities, speak more than 26 languages all together, and come with decades of CBI and RBI industry experience. Our level of expertise and capability combined with our commitment to serving our clients with the highest level of transparency and professionalism has led us to assist over 1,100 families gain a second passport with a 100% success rate.
If you would like to apply to one of the Caribbean Citizenship by Investment Programs or would like to learn more, get in contact with us today for a free online consultation and one of our skilled consultants will happily aid you in your enquiry.