Do you want to use a safety cushion in times of crisis? Wealthy individuals get a second passport from another country as a safety net. The Caribbean islands are considered one of the attractive options. However, The mild climate, clean air, and comfortable conditions will not leave you indifferent. Citizenship programs in Caribbean countries are designed to attract business. Therefore, there are attractive requirements for an investor. The following destinations are available:
- St. Kitts and Nevis;
- Grenada;
- St. Lucia;
- Dominica;
- Antigua and Barbuda.
Comparison of Caribbean Citizenship by Investment Programs
It is possible to get a residence permit but not everywhere. There are Caribbean citizenship programs in five Caribbean countries. Each one is slightly different from the others. What are the differences? The comparison is the following:- If you want a quiet, even-tempered life among the best nature, it is recommended to consider Dominica. Most of the country is covered by nature reserves and rainforests; cities are colorful. Also, There are requirements to make an initial contribution of $100,000 or more to the country’s Economic Diversification Fund. It is possible to obtain Caribbean citizenship from three months to six months. The investor’s family members and parents over 55 can take advantage of the privilege. Siblings cannot be included.
- St. Kitts and Nevis attract with its lush natural and post-colonial architecture. Also, The low crime rate and comfortable living conditions look best for the investor. It is enough to buy real estate worth $ 200,000 or make a non-refundable contribution to the Sustainable Development Fund ($ 150,000). You will get a Caribbean passport in six months.
- The centuries-old cocoa tree plantations and snow-white beaches of Grenada attract a flood of investors. By buying a property for $220,000 or more, you become an official resident of the island. Also, You have to wait 4-6 months, and it will be easy to get your Caribbean passport.
- The state on two islands, Antigua and Barbuda. Also, You can enjoy a significant number of the best beaches and unique nature. The country attracts many investors from the United States, Britain, and Italy. Also, You can get citizenship if you buy real estate worth $ 200,000 or make an investment in a business (starting from $ 150,000).
Why Investors are Turning to Caribbean Citizenship by Investment Programs
Who can invest in Caribbean citizenship? There are specific requirements for the applicant:- the recommended age is 18 years old or older;
- proof of the legitimacy of income;
- no criminal record;
- availability of funds for investment;
- no serious illnesses.
- the opportunity to earn on the acquired square meters;
- the best conditions for the care of real estate;
- liquidity;
- affordability.
Advantages of Caribbean citizenship programs
Today’s wealthy people tend to get a second passport to protect themselves from a looming crisis. You can travel freely if you get a Caribbean passport. There are the following benefits of using the program:- the right to get citizenship applies to all members of the family;
- the possibility of moving to another country;
- an optimized tax system;
- the possibility of renting out the acquired real estate;
- opening an account at an international bank;
- Also, the opportunity to get an education in prestigious world-class educational institutions;
- keeping your first passport;
- Also, the best chance to move to the islands, even with closed borders;
- the ability to do business in other countries.