A paradise for both holidaymakers and moneymakers. This description aptly fits the Caribbean region. Its idyllic beaches, diverse culture, and the promise of adventure and luxury are top draws for those wanting to discover the exotic islands in the Caribbean Sea. In recent years, the region’s aggressive pitch as a premier and reliable investment center has given wealthy businessmen who wish to make the islands their second home an offer that’s too hard to refuse. The demands are not only from the Western world, but also an increasing one from Asian region. To propel its economic growth, several Caribbean island-nations adopted a citizenship-by-investment program, which gives citizenship to any of the five countries—namely The Common Wealth of Dominica, Antigua and Barbuda, Grenada, St. Lucia, and St. Kitts and Nevis—in exchange for investments in government bonds,
footprint abroad. “In Cambodia and Thailand, people are constantly yearning for different types of investments where they can maximize their benefits and enjoy perks such as dual citizenship, in addition to acquiring a visa-free movement. The Caribbean program is an attractive route to a lot of investors given its proximity to the Americas, with the islands serving as a jump off point for further investments, especially in outsourcing and other businesses. Southeast Asia is becoming globally aware of these opportunities”
Interested applicants have a selection of five prime destinations and each has its distinct perks and benefits:
Antigua and Barbuda (Minimum investment of $100,000 USD)
Known for its mix of reef-lined beaches, rainforests and resorts, Antigua and Barbuda offers an attractive tax regime to foreign investors under its citizenship-by-investment program. The Antigua and Barbuda passport also allows greater travel mobility because of its visa-free entry feature to over 125 countries, including the Schengen area and the United Kingdom. Foreign investors have an option of either making a minimum contribution to its National Defense Fund, acquiring a property in one of the government-approved real estate projects ($400,000 USD), or putting in capital into an eligible business. Each option is subject to government processing and vetting, plus legal fees for the application.
The Commonwealth of Dominica (Minimum investment of $100,000 USD)
Dominica’s citizenship-by-investment program offers applicants two potential routes to acquiring citizenship: making a non-refundable contribution to its government fund or purchasing a government-approved real estate property ($200,000 USD). To enjoy Dominican citizenship is also to obtain tax-free status for applicants and their direct dependents and visa-free travel to 115 countries, including the Schengen area.
Grenada (Minimum investment of $150,000 USD)
Grenada’s program guarantees fast processing and waives interviews, residency requirements, and tax on worldwide income. Similar to the other Caribbean citizenship programs, a Grenada passport holder also enjoys visa-free travel to over 110 countries including the UK and the Schengen Area. Its investment program requires either making a contribution to the Grenada National Transformation Fund, or purchasing a government-approved real estate project ($350,000 USD) and holding it for at least four years.
St. Kitts and Nevis (Minimum investment of $250,000 USD)
The twin-island nation’s citizenship-by-investment program, the oldest in the world and touted as the most trusted and successful, doesn’t require an applicant to fly to the Caribbean for the processing. However, one can insist and make it an excuse to explore the romantic paradise’s quiet beaches and lush mountain forests. St. Kitts and Nevis passport-holders can enjoy visa-free travel to over 125 countries including the Schengen area, the UK, Hong Kong and Singapore, among others. Applicants are expected to make an investment in the nation’s Sugar Industry Diversification Foundation. But for those looking at real estate acquisition instead, the property must be bought from a government-approved development ($400,000 USD) and held for a minimum of five years.
St. Lucia (Minimum investment of $100,000 USD)
St. Lucia’s citizenship program, the latest of the Caribbean’s offerings, allows applicants, their immediate family, and their parents to apply for citizenship that is accessible to over 120 countries without visa. It also provides multiple tax incentives and waives residency requirements. A variety of investment options are given to the applicant, such as to the Saint Lucia National Economic Fund or to the nation’s five-year government bonds. Investors also have the choice to acquire a real estate property ($300,000 USD) and hold on to it for a minimum of three years or infuse funds into an approved enterprise project. The Caribbean citizenship-by-investment programs are attractive destinations for those who are looking to diversify their investments and expand through real estate and enterprises.
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