The Caribbean is a region of the Americas that comprises the Caribbean Sea, with around 26 jurisdictions. 16 of which form the CARICOM, a union of nations providing freedom of movement and a common trading area to its members. Caribbean islands are one of the best places to visit during the winter.
Citizenship Programs in the Caribbean
Antigua & Barbuda Citizenship by Investment Program
Ringed with coral reefs and surrounded by incredible beaches, Antigua & Barbuda is the top tourist destination. Saint John’s, English Harbour, and Jolly Harbour are some of the famous places. Antigua & Barbuda provides citizenship and a second passport to investors and their families. With an Antigua passport, you can travel without a visa to over 160 countries.
The Antigua and Barbuda Citizenship by Investment program offers two options for investors. One is to donate $100,000 to the Antigua Development Fund. the second is to start a business by investing $1.5m. mostly, families opt for fund programs. The requirements and conditions are not as strict. You must have good character and health and have no criminal record.
Dominica Citizenship by Investment Program
Dominica is also known as the Nature Isle of the Caribbean. Loaded with natural beauty, tourists like to visit this island. Boiling Lake, Morne Trois Pitons National Park, Cabrits National Park are some of the top sights. Dominica provides citizenship to families with no physical residency required. The benefits of citizenship are as good as Antigua. You visa-free travel to 115 countries and more.
To apply to the Dominica Citizenship by Investment program, your age must be over 18. You have to donate funds or purchase real estate in Dominica. The funds range between $100,000 to $175,000 depending upon the family members. When applying under the real estate category, the applicant has to pay around $25,000. But it fluctuates according to family members. You need to buy a property of at least $200,000 to gain citizenship.
Grenada Citizenship by Investment Program
Grenada is famously known as Spice Island because of the various herbs and spices that grow there. Grand Etang Lake and Grand Anse Beach are breathtaking places. Grenada is a country in the West Indies and the Caribbean Sea. Grenada itself contains two small islands and several other islands. It is easy to obtain a second passport from Grenada.
For the Grenada Citizenship by Investment program, the requirements are almost the same. Applying for citizenship through CBI requires funding or buying a property. You have to donate a minimum of $150,000 to Grenada. In the case of real estate, you need to invest a minimum of $350,000 and need to maintain it for four years. This amount increases with the addition of a family member.
Saint Kitts and Nevis Citizenship by Investment Program
Saint Kitts and Nevis is an island country in the West Indies. These island paradises are famous for their beaches and tropical forests. The Government provides a second passport to those who give funds and donations or invest.
For St Kitts & Nevis Citizenship by Investment program, the funds cost $150,000 while the investment in real estate is the maximum of all- $400,000.
With this second passport, you can travel to over 165 countries without a visa, including some European Union countries.
Saint Lucia Citizenship by Investment Program
Saint Lucia is an island located in the West Indies in the Eastern West Indies. Saint Lucia has a large number of islands. It is famous for its beaches and vast landscapes.
For the St Lucia Citizenship by Investment program, there are three options for getting the passport:
- To donate $100,000 to government funds.
- To invest $250,000 in the government bonds.
- To invest $300,000 in real estate.
The dues also depend on the number of family members.
This procedure requires about 16-18 weeks with over eight weeks of processing time. The applicant fills the application form and submits it to the embassy, or he/she can fill it online. After processing, the Government issues the residence permit along with the citizenship card to the investor.