Caribbean countries offer inexpensive citizenship by investment programs for investors, which have recently caught US citizens’ attention. Among the thirteen Caribbean countries, only five offer citizenship by investment programs: St. Kitts and Nevis, St. Lucia, Dominica, Grenada, and Antigua and Barbuda. Here, we have gathered all the information you need to know about citizenship in these countries’ investment programs.
The Caribbean countries offering citizenship by investment programs offer plenty of benefits to investors who would like to obtain dual citizenship.
Some of the key advantages of these programs are:
- Fast approval. Usually, obtaining citizenship by investment takes six to twelve months, while in Caribbean countries, this procedure takes three to four months.
- Low costs of investment and various investment options offered by the government.
- Visa-free travel to more than 130 countries (this number is increasing annually) are the other two great advantages of investing in Caribbean countries.
- Most of these countries do not require a minimum stay during the five years of investment. Only Antigua citizenship applicants should stay in this country for a minimum of five days in five years.
- Family members can also be included in the citizenship program. In some countries, this is even possible for children of ages up to thirty years old.
Citizenship by Investment Per Caribbean Country
For obtaining a Dominican passport, investors need to either invest i) USD 100,000 in the Economic Diversification Fund program offered by the government, or ii) a minimum of USD 200,000 in the real state along with additional government fees. Successful applicants will have access to 140 countries visa-free. Dominican passport is ranked 38 based on the Henley Passport Index.
The conditions for applying for a Grenadian passport (ranked 35 on Henley Passport Index list) are as follows. Investors can either i) contribute at least USD 150,000 to the governments’ National Development Fund program (please note that this amount increases to USD 200,000 for a family of four), or ii) invest at least USD 400,000 in the real estate. Grenada also holds a visa treaty with the US; thus, Grenadian citizens can apply for the E-2 visa to work and live in the US. For this purpose, investors need to hold 50% of the shares of a US business.
The St. Lucia government offers various options to investors for acquiring the country’s citizenship. St. Lucia passport holds 33rd place on the Henley Passport Index, and it allows St. Lucia citizens to travel visa-free to 146 countries. Investors can either i) contribute USD 100,000 to the government’s National Economic Fund, or invest ii) USD 300,000 in real estate, iii) USD 3.5 million in any enterprises providing citizens with more jobs, iv) USD 0.5 million in non-interest bearing government bonds.
Antigua and Barbuda:
Antigua and Barbuda passports rank 29 on Henley Passport Index, and their citizens have access to 151 countries visa-free. Investors should contribute USD 130,000 to the National Development Fund for one person or a family of four. This program also includes buying government-approved real estate at the cost of at least USD 400,000 or purchasing a business worth at least USD 1.5 million.
St. Kitts and Nevis:
St. Kitts and Nevis‘ passport holds the 26th position currently on the Henley Passport Index ranking, providing the country’s citizens with visa-free access to 156 countries. Acquiring St. Kitts and Nevis citizenship by investment requires the investors to either i) contribute USD 150,000 to the government’s Sustainable Growth Fund program, or ii) invest USD 200,000 along with additional government fees.
At iKonnect, we provide families, individuals, and investors with the best and most expedited citizenship by investment and permanent residency programmes curated to their specific needs. Call +971 50 152 4200 or email firstname.lastname@example.org to get started.