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Is Caribbean Citizenship For You?

  Never heard of Caribbean citizenship programs? What about Caribbean golden visas?  Both of the terms mean the same thing. In general, all Golden visas or Investment visas, are divided into 2 main categories: Residency by investment (RBI) or citizenship by investment (CBI) program. The aim of governments issuing these visas to investors is to attract foreign funds into their country. Both the investor and the country win in these golden visa programs. The country gets its much-needed investment boost into the country’s economy and the investor gets his residency status.
Caribbean Golden Visa
The Caribbean golden visa programs are among the oldest(since 1980s) in the world and recognized as one of the world’s best managed. Fortunately, you can choose from many Caribbean countries that appeal to you most! Caribbean citizenship programs are attractive to many people because it is the most affordable citizenship programs for anyone seriously considering a 2nd passport. Unfortunately, there are very few countries in the world offering citizenship to investors. For Caribbean programs, you will be granted the respectable citizenship status and not the usual permanent resident status. You may have heard of some of these investment visas below.
  • UK Tier 1 visa that requires a £2M investment,
  • US EB-5 visa (US$900K),
  • Ireland immigrant investor visa (€1M), or
  • Cyprus golden visa (€300K).
All these EU golden visas are only for permanent residency(PR) status, not citizenship. To obtain citizenship from the PR status, you will have to fulfill the stay requirements for certain countries. The stay requirement is usually at least 5 years and you may be required to pass a language and citizenship test. In comparison, the Caribbean programs offer a direct pathway to citizenship and these programs start from just $100K. Many people are into investing in these Caribbean nations is that they want a plan B for themselves and their families – in case ‘something happens’. That being said, here are the other top 4 appealing factors of a Caribbean citizenship:
  • Cheapest citizenship by investment program in the world. 
  • Quick approval – within a few months.
  • Attractive tax incentives and benefits. Tax Haven.
  • No residency or visit required.
In this article, we will briefly explore 3 of the more popular Caribbean citizenship programs requirements:
St Kitts & Nevis Citizenship Program
St Kitts & Nevis is the more popular Caribbean program around and you have 2 options for the program. You can choose either the property or the donation route. • Real Estate route Recently, St Kitts has reduced its minimum investment requirement to $200K. You are required to keep the investment for 7 years and will be able to rent the property for income. • Sustainable Growth Fund donation A donation of $150K for a single’s application or $195K for a family of 4s.
Grenada Citizenship Program
Grenada welcomes all nationalities to apply for the citizenship program. A best-selling feature of this program is that Grenada has an E2 visa treaty arrangement with the USA. What this means is that their citizens are able to settle in the USA via the E2 non-immigrant visa. You may choose either route: • Real Estate route Grenada’s minimum investment requirement is $220K. You are required to keep the investment for 5 years and will be able to rent the property for income. • Donation route A donation of $150K for a single’s application or $200K for a family of 4s.
Dominica Citizenship Program
Like Grenada, Dominica also welcomes people from all nations to invest in their country. Dominica offers the cheapest route to citizenship in the Caribbean. You may choose either route: • Real Estate route Dominica’s minimum investment requirement is $200K. You are required to keep the investment for 5 years and will be able to rent the property for income. • Donation route A donation of $100K for a single’s application or $200K for a family of 4s.
Ready For Your Plan B?
If you are thinking of a 2nd passport or having a plan B, Caribbean golden visa programs may be suitable for you. You can apply, invest and receive their citizenship & passports without being there. Caribbean passports are rated relatively strong, usually with visa-free travel to more than 140 countries. The Caribbeans are also well known as tax havens of the world. Thus, business professionals may find that investing in Caribbean citizenship might form an important part of their overall tax strategy.
More Incentives to consider
Recently, some of the Caribbean countries have been discounting their investment amount required for their visa programs. The Covid-19 pandemic has devastated their tourist and hospitality industries. These small island nations do need to raise capital to boost their economies. One way to raise funds is through this route and the good news to investors is that the discounts have been significant. For example, St Kitts & Nevis has reduced the real estate investment option amount to just $200K. With these reduced investment amounts, it is really an attractive deal and it is really a good time to consider investing in your secondary citizenship in the Caribbean islands. Coupled with the constant changes in the world, it is always prudent to have a plan B for you and your family. Each Caribbean country has appointed authorized agents to submit applications for their citizenship program. Thus, you have to make sure the agent that is handling your application is authorized. Contact us to learn more about the various Caribbean programs and what they can do for you.
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