The Caricom countries have a vast assortment of different jurisdictions. Several of these operate Citizenship by Investment programs which allow successful applicants to obtain a Citizenship by Investment in the Caribbean in return for making a qualifying investment plus payment of various Government, legal and third-party fees. This Citizenship by Investment in the Caribbean facilitates access to new opportunities.
This article compares the various Caricom countries that offer a Citizenship by Investment in the Caribbean. This guide will give you the key elements that could influence an applicant’s decision when selecting one of these Citizenship by Investment in the Caribbean programs.
BENEFITS COMMON TO ALL CITIZENSHIP BY INVESTMENT IN THE CARIBBEAN
Understanding the benefits of Citizenship by Investment in the Caribbean can help you make an informed decision.
With Citizenship by Investment in the Caribbean, you not only gain benefits for yourself but also for your family.
Obtaining a caribbean citizenship provides the applicant and qualifying family members with visa free travel to over 140 countries and territories and allows them to live, work and settle in any other CARICOM Single Market and Economy (CSME) member states.
Many families are choosing Citizenship by Investment in the Caribbean as a pathway to secure a better future.
Taking advantage of the Citizenship by Investment in the Caribbean can provide unparalleled opportunities for your family.
All of the states benefit from wonderful weather and beautiful scenery and a low cost of living. Additionally, Citizenship by Investment in the Caribbean is tax-friendly, with no tax on overseas income, wealth tax, capital gains tax, or inheritance tax.
With the Citizenship by Investment in the Caribbean, applicants can enjoy numerous advantages.
A crucial aspect of the Citizenship by Investment in the Caribbean is the investment requirements.
All Jurisdictions allow for applicants from most countries (with a few exceptions) and also allows for parents and dependent children (subject to age and other limits) to be included in the application.
Once the application is approved, Citizenship by Investment in the Caribbean opens doors to new experiences.
It’s important to understand the implications of Citizenship by Investment in the Caribbean.
Exploring your options for Citizenship by Investment in the Caribbean can lead to remarkable opportunities for growth.
Consideration of Citizenship by Investment in the Caribbean is crucial for those seeking a prosperous future.
Choosing Citizenship by Investment in the Caribbean can be a long-term investment in your family’s future.
Citizenship by Investment in the Caribbean programs offer unique benefits that are hard to find elsewhere.
Keep in mind that each Citizenship by Investment in the Caribbean program has specific requirements to meet.
Understanding the nuances of Citizenship by Investment in the Caribbean is essential for applicants.
The process of acquiring Citizenship by Investment in the Caribbean can be straightforward with the right guidance.
ANTIGUA & BARBUDA CBI PROGRAM
Choosing the right Citizenship by Investment in the Caribbean program is vital for your success.
ANTIGUA & BARBUDA CBI PROGRAM
INVESTMENT REQUIREMENTS
Applicants can make a government donation of USD 230,000 for up to 4 family members or USD 245,000 for 5 family members. Where there are 6 applicants or more there is a further option of USD 150,000 for 6 applicants. Alternatively, the applicant can invest in approved real-estate with a minimum investment of USD 200,000. Both the donation and real estate routes require payment of USD 30,000 Government fees (for up to 4 applicants).
The Citizenship by Investment in the Caribbean provides applicants with various options that are cost-effective.
Antigua and Barbuda is the most cost effective program for a family of two or more applicants via both the Donation and real-estate routes. Furthermore, the program allows for applications with prior minor criminal convictions to still apply. A key item to note is that after being granted citizenship, the new citizens must visit Antigua & Barbuda for at least 5 days within the first 5 years to be able to renew their passports.
RESTRICTED APPLICANTS
The Antigua and Barbuda citizenship by investment program does exclude or restrict applicants from Russia, Belarus, Afghanistan, Chechnya, Iran, Somalia, Sudan and Yemen.
DEPENDENTS
This is the most flexible program when it comes to including extended family members such as siblings, married children, grandchildren and grandparents.
PASSING ON CITIZENSHIP TO FUTURE GENERATIONS
Children born within 5 years of an applicant obtaining citizenship can be registered as a citizen subject to payment of prescribed fees.
SPONSORSHIP
The Antigua & Barbuda citizenship by investment program allows for applicants to be sponsored by a 3rd party without any additional costs.
DOMINICA CBI PROGRAM
DOMINICA CBI PROGRAM
INVESTMENT REQUIREMENTS
Understanding the investment requirements for Citizenship by Investment in the Caribbean is crucial.
Dominica CBI program is the Cheapest citizenship by investment program in the caribbean.
Applicants can make a government donation of USD 200,000 for an individual or USD 250,000 for a family of four, USD 25,000 for each additional applicant under 18 USD and 40,000 for each additional applicant over 18 Alternatively, the applicant can invest in approved real-estate with a minimum investment of USD 200,000 plus payment of USD 35,000 Government fees (for a family of 4).
KEY FEATURES
The Secret Bay real-estate option has an excellent track record of providing excellent returns to investors and is one of the top ranked resorts in the Caribbean. Dominica is also generally the fastest program to obtain approval for an application. It should be noted that unlike the other Caribbean citizenship by investment program Dominica does not currently have visa free access to the UK.
RESTRICTED APPLICANTS
The Dominica CBI program does exclude or restrict applicants from Russia, Belarus, Afghanistan, Chechnya, Somalia, and Yemen, but does allow for applicants from Iran and Sudan (subject to extended Due Diligence fees).
DEPENDENTS
Adult children must be under 30 and studying and fully supported by the main applicant or spouse, and parents/grandparents must be over 65. Dominica does not allow siblings to be included in an application.
PASSING ON CITIZENSHIP TO FUTURE GENERATIONS
Being knowledgeable about the benefits of Citizenship by Investment in the Caribbean can lead to smart choices.
Children born within 5 years of an applicant obtaining citizenship can be registered as a citizen subject to payment of prescribed fees.
SPONSORSHIP
The Dominica citizenship by investment program allows for applicants to be sponsored by a 3rd party (subject to additional fees).
GRENADA CBI PROGRAM
GRENADA CBI PROGRAM
INVESTMENT REQUIREMENTS
Applicants can make a government donation of USD 235,000 for a family of four and USD 25,000 for each additional dependent. Alternatively, the applicant can invest in real estate project in Grenada with a minimum value of USD 350,000 to be held for at least five years. plus payment of USD 50,000 Government fees.
KEY FEATURES
Grenada citizens can apply for the USA E-2 Visa (subject to 3 years residence in Grenada) if they desired. The Grenada passport also grants Visa Free access to China. One significant advantage of the Grenada citizenship by investment program is that only electronic copies of documents are required for the application avoiding the need to send documents via international courier services.
Applicants should be aware that the Grenada program is typically more complex and lengthier in obtaining approval compared to other programs. This is due to the requirement to obtain bank approval prior to submission of an application and because the Grenada citizenship unit will only accept complete applications with all required documents available at the time of application
RESTRICTED APPLICANTS
The Grenada citizenship by investment program excludes citizens of Russia, Belarus, Iran and North Korea from applying.
DEPENDENTS
Grenada is the only program that allows parents and grandparents of any age (additional fees apply to parents under 55 years of age). Grenada also allows siblings of the main applicant or spouse that are over 18 years old.
PASSING ON CITIZENSHIP TO FUTURE GENERATIONS
A child may be registered as a Grenada citizen under the citizenship by investment program Laws if born within one year of the parents submission of application subject to payment of any fees that would have applied if the child had been born at the time of application. As long as the parents have obtained Grenada citizenship and not renounced it, subsequent generations are also entitled to be registered as citizens of Grenada under their citizenship laws.
SPONSORSHIP
The Grenada citizenship by investment program allows for applicants to be sponsored by a 3rd party (subject to additional fees).
ST. KITTS & NEVIS CBI PROGRAM
ST. KITTS & NEVIS CBI PROGRAM
INVESTMENT REQUIREMENTS
Applicants can make a government donation of USD 250,000 for an applicant with up to three dependents, USD 25,000 per additional dependent under 18 and USD 50,000 per additional dependent over 18. Alternatively, the applicant can invest in approved real-estate with a minimum investment of USD 400,000 plus payment of USD 35,000 Government fees (for a family of 4).
KEY FEATURES
St Kitts & Nevis is the only program that allows for private homes to be purchased and offer an alternative donation option in the form of the Public Benefit Option for a flat donation sum of USD 250,000 regardless of the number of family members making the PBO option more cost effective for multiple applicants than the donation option. Real estate must be held for at least 7 years and cannot generally be resold to new citizenship by investment program applicants.
RESTRICTED APPLICANTS
The St Kitts & Nevis citizenship by investment program does not allow applicants from Afghanistan, Belarus, Chechnya, Iran, North Korea and Russia.
DEPENDENTS
Adult children must be under 25 and studying and fully supported by the main applicant or spouse, and parents/grandparents must be over 65. St Kitts & Nevis does not allow siblings to be included in an application.
PASSING ON CITIZENSHIP TO FUTURE GENERATIONS
Children born after an applicant obtains citizenship can be registered as a citizen subject to payment of prescribed fees.
SPONSORSHIP
The St Kitts & Nevis citizenship by investment program DOES NOT allows for applicants to be sponsored by a 3rd party.
Applicants often find that Citizenship by Investment in the Caribbean enhances their lifestyle significantly.
ST LUCIA CBI PROGRAM
ST LUCIA CBI PROGRAM
INVESTMENT REQUIREMENTS
Applicants can make a government donation of USD 240,000 for an applicant with up to three dependents and USD 10,000 per additional dependent under 18 or USD 20,000 per additional dependent over 18 Although real-estate is listed as an option this is not generally recommended due to the limited projects available. However, St Lucia does offer a government bonds option at USD 300,000 which is very suitable for applicants wishing to ensure the can recover their capital outlay.
KEY BENEFITS
Together with Dominica St Lucia offers the lowest cost donation option for an individual and is the only Caribbean CBI program to provide a bond option (must be held for 5 years).
RESTRICTED APPLICANTS
The St Lucia CBI does not allow applicants from Belarus, Chechnya, Iran, North Korea and Russia.
DEPENDENTS
Adult children must be under 30 and supported by the main applicant or spouse, siblings under the age of 18 and parents/grandparents must be over 55.
PASSING ON CITIZENSHIP TO FUTURE GENERATIONS
Newborn children, spouse and other dependents may be added within 3 years of an applicant obtaining citizenship subject to payment of prescribed fees.
SPONSORSHIP
The St Lucia CBI program allows for applicants to be sponsored by a 3rd party (subject to additional fees).
SUMMARY
The Citizenship by Investment in the Caribbean provide a great opportunity for applicants to obtain an alternate caribbean nationality to provide greater freedom of movement, increased business opportunities or a backup plan in case there is a need for urgent relocation to a different jurisdiction. The following table provides an overview of the key features of each program.
If any of these caribbean CBI programs appear like they could be appropriate, please get in contact Contact Us with Harvey Law Group via email at [email protected] and we can review any queries you have and proceed to assist you from there.
