Is there a person on this planet that does not have the desire to visit Caribbean islands? There are many reasons why people want to travel there. First of all, the climate is decent during the entire year. Apart from that, there are a lot of beaches and a crystal clear sea where you can spend the biggest part of the day and make some beautiful memories. People that live there are friendly which will automatically make your traveling even more entertaining and calming.
But, why would you travel there when you can live there? Getting citizenship is possible in multiple ways. Some of them may be a bit harder, but, when you look closer, all the procedures are a lot easier compared to the ones you would have to go through in some other countries. However, if you are a person with a decent amount of money willing to invest in the Caribbean business field, then things may be a lot easier!
Many investors decide to invest in the islands because they can participate in the so-called citizenship by investment program. That allows them to potentially earn some money, but also get an alternative safe place they can live in for the rest of their life.
We have studied all the citizenship by investment programs that are available for people worldwide. Because of that, let’s find out more information about the best ones and make things easier for you in case you decide on this move!
Saint Kitts and Nevis
This method of getting citizenship does not exist for too long. However, did you know that everything started on Caribbean islands? The first and oldest citizenship by investment program is Saint Kitts and Nevis. It appeared for the first time in 1984. Even today, it is extremely popular among investors around the globe. So far, people from 156 different countries have managed to get a passport.
So, what are the requirements? Well, you will have to donate your money or invest it in real estate. The minimum joint investment amount is around 200 thousand dollars. You will have to keep the building, house, or anything else for at least seven years. On the other hand, if you plan to make some independent investments, then the minimum amount is around 400 thousand dollars. The holding period is, in that case, five years. Speaking of donations, they should be at least 150000 dollars. Keep in mind they are non-refundable.
Generally speaking, there is no precise answer to how long the entire process will last. There are also some papers that you will have to fill out. It would probably be better to hire experts that will guide you through the entire process. For more information, check https://imperiallegal.com/st-kitts-nevis-citizenship/.
Having a Grenada passport is amazing! You will manage to travel to more than 140 countries with your new verification document without a VISA. The program exists since 1997, and it has some clear requirements. If you plan to donate money, you won’t have to spend more than 150 thousand dollars. But, if you plan to bring your family and ensure their citizenship (up to 4 members), then you will have to donate 200k. In case you plan to purchase real estate there, the minimum amount of money you will need to invest is $220 000. The only requirement left is to remain the owners of that real estate for at least 5 years.
Compared to the previous two Citizenship by Investment programs, this one is a bit younger. It appeared for the first time in 1993. With Dominica’s passport, people can enter 143 countries without any additional document (read: VISA).
The requirements are clear. Individual citizenship requires the donation of 100 thousand dollars. If you and your partner plan to do this together, then you will have to donate 150 thousand dollars. But, if you plan to get citizenship for 2 more family members (up to 2 kids to be precise), then you need to donate 175 thousand dollars.
But, what if you do not plan to donate and you want to purchase a house there? Well, that would cost you 200 thousand dollars. Compared to the previous two programs, this one has a bit shorter holding program. You will have to be the owner of the property you purchased for three years.
Antigua and Barbuda
The responsible authorities have hesitated to develop the co-called CPI program for a long period. But, they finally decided to do that only 9 years ago. For a short period, this program has become extremely popular among foreign investors. The passport of this lovely place will let you travel to almost every destination in the world without a VISA.
There are three ways to get citizenship. If you want to get it for yourself, then you will need to donate at least 100 thousand dollars. However, there is an option to bring your entire family. But, it needs to have at least six members. In that case, you will have to spend 150 thousand dollars. As you see, the price is lower, but it only counts for larger families. We can say this is an interesting case.
Do you want to purchase a property? Well, the joint investment starts from 200 thousand dollars. On the other hand, if you plan to do that on your own, the minimum price is much higher compared to previous cases. Believe it or not, you will have to invest at least 400 thousand dollars. Being the owner of that property for at least 5 years is a must.
To conclude, Antigua and Barbuda are welcoming large families that want to donate to the country. But, the investors probably could check out some other options on this list. The requirements are a bit more demanding which some of you may not like.
We have finally come to an end to this article. These are the best options that you can choose from in case you want to get a Caribbean passport. There are multiple benefits you can enjoy. These documents are “valuable” and you can travel to almost any destination around the world. Apart from that, you will get the chance to buy a property in places where the climate is decent during the entire year. Use professional assistance in case you don’t understand the law requirements or if papers that you have to fill out confuse you. Don’t let a couple of papers delay the beginning of true joy and relaxation.