Citizenship by Investment Programmes (CIPs) addresses acquiring a country’s citizenship through investment in the country’s industry, market, or government bonds. St. Kitts and Nevis and Dominica were the only countries offering reasonable and legitimate options for CIPs by the start of the 21st century. Following their successful strategies, few countries (especially Caribbean countries) also started to offer competitive CIPs to attract capital worldwide.
The major economies of this country are banking and services, tourism, and light industry. There are two types of CIPs offered by the government:
The whole application process takes six months to be approved by the government.
Dominica is a member of the Commonwealth of Nations and is very well known for its beautiful nature and agriculture, the country’s main economic source.
The government of Dominica also offers two CIPs pretty similar to those offered by St. Kitts and Nevis:
The whole application process takes up to six months to be approved by the government.
This country is another member of the Commonwealth of Nations, and its main source of economy is tourism. The government of Antigua And Barbuda Offers four CIPs:
Grenada is an independent country with close ties with England and is best known for its strong tourism industry. There are two CIPs offered by the government of Grenada:
5. St. Lucia
St. Lucia is the newest country among Caribean jurisdictions offering CIPs. There are four options offered by the government for obtaining the country’s citizenship:
Vanuatu has started offering dual citizenship since 2014 and is well known for its tourism. Cattle ranching and fishing are the major contributors to this country’s economy. Vanuatu has adopted tax exemption policies on income, wealth, or inheritance. There is only one CIP option offered by the government, donating at least USD 130,000 for an individual. The citizenship approval after submitting the documents takes no longer than a month.
To learn more about Citizenship by Investment and Residency, our Citizenship Specialists would be happy to offer a FREE Consultation and understand your requirements to recommend a suitable program. Call +971 50 152 4200 or email email@example.com today.