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Caribbean citizenship by investment program is designed to benefit the investors from alternative options to diverse core opportunities.
To learn about Caribbean citizenship programs and see the changes that have occurred recently and then compare these countries in order to choose the Caribbean citizenship program that is best for you, they will be explained in this blog.
Covid and the current stressful world have taught us that business success doesn’t depend on having an office in Manhattan to manage projects, but having a laptop and good Wi-Fi on a beautiful, sunny Caribbean Island is enough for that.
With the advent of 2024, citizenship programs around the world have brought about many changes, with Greece doubling real estate investment amounts from $250,000 to $500 in prime locations, and Portugal canceling real estate investment and backing away from canceling the Golden Visa program.
There is also news that Hungary will introduce a guest residency program in mid-2024, which qualifies applicants for Schengen residency after investing in real estate or making a financial contribution to educational or artistic activities.
As for the Caribbean countries, they took the initiative to request a personal interview for applicants, and St. Kitts doubled the investment amounts to obtain citizenship, and with it the Caribbean countries expanded their entry to new countries without a visa.
After the European Caribbean and United States Caribbean meetings, these countries came up with six principles, including strengthening due diligence processes, raising investment thresholds, and mandating personal interviews.
Britain has also imposed entry visas on citizens of Vanuatu and Dominica, and the latter is striving to restore the visa exemption system with Britain, or at least impose easy electronic visas.
Compare benefits of countries offer Caribbean citizenship
~ GCC
When you obtain Caribbean citizenship from Grenada, you will be eligible to open projects and companies not only in Grenada where you obtained citizenship, but in countries such as Switzerland, the United Kingdom, America, Hong Kong and any other countries that you enter as a visa-free. With a Grenada passport, you will enter 147 countries without a visa, the most important of which are Britain, China, and all Schengen countries, and the possibility of obtaining an American work visa easily.
With Caribbean citizenship laws from Saint Lucia, you can keep your money in banks and banking systems in Saint Lucia, and you are comfortable with the fact that Saint Lucia does not impose any tax on remittances, capital gains or profits from any trading outside of Saint Lucia. There are also no taxes on inheritance, wealth, donations and gifts.
Dominica Caribbean citizenship is granted for life and can be passed on to future generations with current family members. Dominica also accepts dual citizenship. It is worth noting that Caribbean citizenship in general is a legal and reliable citizenship that is dated in the constitutions and cannot be revoked after successive policies.
The nice thing about St. Kitts citizenship is that you can get it without any residence before or after obtaining citizenship, but you have to visit once for a personal interview. In addition to having no residency requirements, St. Kitts does not require you to know the language of the country, nor do you have to prove that you have educational credentials or work experience. Being a good person and having clean money to use for investment is enough to obtain this citizenship within 6 months.
Caribbean Citizenship from Antigua is a citizenship specially designed for families, especially large families, because it offers investment offers that are very suitable for families of 4 and 6 people. After that, family members will have the comprehensive opportunities enjoyed by the main investor, not to mention enjoying distinguished health programs and studying at prestigious international universities. Antigua is also a beautiful, scenic Caribbean Island.
Saint Lucia has the most unique investment option out of all the Caribbean citizenship programmes, NAB which is a bond investment worth US$300,000, through which you will be able to get your capital back from the government after 5 years. However, you must pay non-refundable administrative amounts.
You can obtain a powerful Saint Lucia passport after 6 months, which enables you to enter Britain, all Schengen countries and 130 other countries without a visa. You can apply for this passport regardless of your nationality, except for citizens of Belarus, Russia and Iran. Additionally, Saint Lucia recently issued a statement stating that Saint Lucian citizens are now permitted to travel to Canada without a visa.
Antigua and Barbuda announced a few days ago that it had canceled its visa with China, adding China to its extensive list of visa-free entry into countries. Antigua has many investment options, the most famous of which is a contribution to the University of the West Indies in the amount of US$230,000 in order to add 5 family members to the file alongside the main investor, in addition to reserving an academic place for one person for a year from the same university as gratitude.
Although St. Kitts has raised the investment costs of obtaining Caribbean citizenship, it is still considered one of the best programs for both the Caribbean and the world.
The reasons why St. Kitts is so popular is that it is the oldest citizenship program in the world and has strong passport, also the tax systems and business options are good with the help of a strong St. Kitts passport.
Grenada is the ideal destination for businessmen trying to reach America and then establish business ventures there, because Grenada is the only Caribbean citizenship program that has such ties with America in order to obtain a work visa valid for 10 years at a time. In addition, Grenada is distinguished by its beautiful nature and the presence of distinguished health institutions and international medical universities.
Dominica is home to 170 species of birds and is famous for having the world’s longest cable car that runs through tropical rainforests. Dominica offers Caribbean citizenship in exchange for $200,000 as a real estate investment, or half of that amount is paid to help Dominica build a new international airport. In 2023, Dominica increased due diligence amounts and procedures and required investors to undergo a mandatory in-person interview.
However, you do not have to move to Dominica after you obtain citizenship, and therefore you do not have to pay any taxes on your works, residence or wealth. You will also be able to enter more than 142 countries without a visa.
Have you chosen a program for you in 2024 to obtain one of the Caribbean citizenship programmes? If you didn’t choose, you can consult us for free to help you choose one.
Global Citizen Consultants is the legal and approved office for obtaining a second passport from a Caribbean country.
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