▣  The unique nature of the Caribbean

 

With its towering mountains, long coastlines and enchanting rainforests, the Caribbean has the potential to be a great place to live, retire and adventure with its natural islands for a long time.

▣  The Caribbean climate is a favorite for retirees

 

The Caribbean islands have a desirable climate for people who escape the cold and long winters in cold regions and the heat and humidity of warm regions, as the climate is moderate throughout the year there with the possibility of exercising in the sun without relying on vitamin D capsules.

▣  The culture of the hospitable Caribbean people

 

Despite preserving their cultural traditions, the Caribbean people are open and love foreign cultures, and are characterized by simplicity and friendliness, in addition to the fact that these countries speak English and French, which makes it easy to communicate with nationalities that speak these languages ​​​​as a second or first language. On the other hand, this is an incentive to learn a new culture and language.

There are also many British and American international schools and universities in the Caribbean countries to study various fields, and you can enjoy the tranquility whether you choose to live in the cities or in the countryside.

▣ Average Cost of Living

 

Not only are the costs required to obtain one of the Caribbean investment citizenship programs reasonable compared to other second citizenship programs around the world, but the cost of living there is moderate when compared to Europe and America. And after owning a property within the conditions of obtaining investment citizenship program, you will only have the costs of water, gas, electricity, and simple health care.

▣ Ease of movement and access

 

Travel and transportation can be considered one of the most prominent advantages of investment citizenship programs. On the one hand, you can easily move to and from the Caribbean islands through their international airports, where you have the right to enter more than 150 countries without a visa, as we mentioned.

On the other hand, you will be able to reside in any other Caribbean country due to a joint agreement between the Caribbean countries on whether a person holds a Caribbean passport, he can then reside in any other Caribbean country.

How to obtain one of the investment citizenship programs

Retirees can invest in either real estate, stocks, job creation, or making contributions to countries that offer such programs and then wait an average of only 6 months to obtain citizenship.

Investment requirements range between $250,000 and $500,000, and costs vary depending on the choice of country and investment path. But your choice depends on your preferences, aspirations and the long-term aspirations of your family.

Contact the team of experts at Global Citizen Consultants and learn about each program in full detail, its benefits and obligations, then choose the program that best suits what you are looking for with the help of our free consultation. Contact us via the contact information mentioned in this link.

 

▣ The new Saint Kitts and Nevis passport is particularly beneficial for investors in the Saint Kitts Citizenship by Investment

▣ These updates reduce waiting at checkpoints through fast-track processing, allowing Saint Kitts citizens to enter over 150 countries without a visa. This move will also be essential to elevate the Saint Kitts and Nevis Passport by Investment Program compared to other second citizenship programs around the world.

▣ It will attract more high net worth individuals around the world through its advanced technological updates to ensure the long-term sustainability of the citizenship program there.

Other updates for the new Saint Kitts and Nevis passport

1. Development of a digital identity authentication system

 

Apart from the updates to the Saint Kitts and Nevis passport, Saint Kitts has also consulted with the National Technology Center in the capital Basseterre on a digital identity authentication system.

It was agreed to use Taiwan’s information technology and digital governance to implement this, and in this regard, the Saint Kitts government held a competition for the people of Saint Kitts to design a digital identity.

2. Lower investment costs for Saint Kitts and Nevis Passport

 

The latest updates to the Saint Kitts and Nevis Passport came in accordance with Act 43 of 2024, the most important of which is reducing the minimum investment to obtain a St Kitts and Nevis passport by investment, in addition to expanding the age range of dependents allowed to be added.

Unlike other Caribbean countries that have raised the costs of Caribbean citizenship, St Kitts has lowered its investment requirements, with its new body.

The real estate investment requirement for the St Kitts and Nevis passport has been reduced from $400,000 previously to $325,000 in an approved real estate development.

This also includes investment in residential units classified as approved private property, with the minimum for a single-family private home being reduced from $800,000 to $600,000.

As for the update regarding dependents, while you were previously allowed to add your parents or grandparents aged 65 or over, this number has now been reduced to include all dependents aged 55 or over.

Another update is that you will need to pay $7,500 for any additional new dependents aged 3 years or under, but they must have been born after you received your certificate of registration.

There is also a new update to Regulation 12, which previously stated that anyone who has declared bankruptcy will not be eligible for a St Kitts and Nevis passport.

You can now invest in a St Kitts and Nevis passport if you are facing bankruptcy proceedings within 10 years of applying.

Are you already considering obtaining a Saint Kitts and Nevis passport? Why not listen to one of Global Citizen Consultants’ certified experts in the Saint Kitts and Nevis Citizenship Programme, to guide you on your journey to citizenship.

Did you know that investment citizenship helps businessmen, wealthy people and their families gain benefits that give them a global opportunities?

Your knowledge of investment citizenship may be intertwined with other topics or may be missing or outdated information. In this article, I will show you all the points you need to know correctly and up to date.

First, a quick look at investment citizenship

Understanding the question is half the answer. As the name suggests, investment citizenship is a type of citizenship program you can get after investing in some countries with a strong passport.

The countries that offer investment citizenship programs started in the 1980s, from the Caribbean country of Saint Kitts and Nevis, followed by Dominica and the rest of the countries we are in today.

Since then, new countries have been added, others have been canceled, and many programs have been modified continuously. Today, the countries that offer investment citizenship programs are limited to two regions.

The Caribbean region and the European Union region, where the latter is considered a residence and then turns into citizenship, while the Caribbean region programs are programs for obtaining citizenship directly.

Investment methods to obtain a second citizenship are distributed between real estate investment, investment in stocks, and making non-refundable contributions to these countries for raising their economies.

Let us explain the general requirements for investment citizenship programs, and the benefits of obtaining them, and we will introduce you to some countries that offer this type of program.

General requirements for investment citizenship programs

Each country that offers investment citizenship has its own laws, but in general, most of them agree on the same requirements, but with minor changes.

For example, all countries agree that the main applicant must be at least 18 years old, and that he and his family are in good health, have no criminal record, and that the funds used in the investment are not of suspicious origin.

As for adding family members, you will be able to add your spouse and children up to the age of 30 and your parents, and citizenship will be passed on to future generations, and some of them accept adding grandparents and siblings as well.

The big difference worth mentioning is that Caribbean programs do not require any residency before and after obtaining citizenship, unlike European countries that require residency requirements in order to obtain and maintain citizenship, and residency requirements vary from one European country to another.

 

There are dozens of major advantages to obtaining investment citizenship, but we will only mention the most important ones and how their holder benefits from them:

✓ The most important advantage that can be mentioned is the strength of the passports of these countries, which allow you to enter about 150 countries without a visa, including Britain, Canada, China, the Emirates and all Schengen countries, with easy access to America and Australia.

✓ These countries also have one of the most suitable tax systems for business owners and the wealthy, as there are no taxes imposed on non-residents, foreign trade, wealth, inheritance, capital gains, etc.

✓ Business owners can open international bank accounts and companies based in these countries or third countries that they enter with the help of a second passport from these countries.

✓ As we mentioned, Caribbean countries do not require you to reside, know the language, have an academic degree or work experience, and these countries accept dual citizenship and your data is not shared with your country of origin.

✓ You can add your family and enjoy the magic of the Caribbean nature and benefit from the advanced health systems and international universities spread in these countries, and do not forget that the mentioned programs are processed quickly and within 9 months at most you get your citizenship.

Countries that offer investment citizenship

1. Investment citizenship from Grenada

 

Grenada offers Investment citizenship program in the Caribbean, and it is a beautiful island like the rest of the Caribbean countries, located between the Americas, with a desirable climate and hospitable people.

To obtain Grenada citizenship, you must either invest in real estate in the amount of $ 270,000, with the possibility of selling the property after 5 years, or make a financial contribution to the state of Grenada in the amount of $ 235,000.

Grenada citizenship has all the specifications of ideal citizenship as we mentioned in the section on the advantages of investment citizenship. As for the rest of the Caribbean programs, they are St. Kitts citizenship, Dominica citizenship, Antigua citizenship, and St. Lucia citizenship.

2. Investment Citizenship from Portugal

 

Portugal offers the famous Golden Visa program that leads to obtaining citizenship after 5 years of obtaining the Golden Visa program and after maintaining residency for one week per year and after knowing the Portuguese language.

After investing in several fields, the most important of which is investing in non-real estate funds in the amount of 500 thousand euros or opening a new company in the amount of 500 thousand euros, you will be able to obtain residency in Europe through the Portugal portal and then citizenship after 5 years of residency.

The Portuguese residency program gives you the right to travel, reside and work in all Schengen countries and benefit from all their educational and health benefits. As for the rest of the countries that offer Golden Visa programs, they are Spanish residency, Greek residency and Maltese residency.

3. Investment Citizenship from Saint Kitts

 

Saint Kitts citizenship tops the list of programs that offer investment citizenship, as it was launched from it and wants to maintain its position and fame by injecting new facilities for investors who are thinking of obtaining a Saint Kitts passport.

Among the new facilities are a reduction in the investment costs required for both methods of obtaining St. Kitts citizenship, namely real estate investment or making a contribution to the State of St. Kitts, in addition to expanding the list of family ages that can be added with the main applicant.

To obtain St. Kitts citizenship, you must invest $325,000 in real estate or make a $250,000 contribution to the Government of St. Kitts for a family of 4 and wait only 6 months, this is what the new President of St. Kitts Citizenship has promised.

Do you now know what investment citizenship means? If you still have questions about it or if you have decided to obtain one of the citizenship by investment programs, in both cases we invite you to contact Global Citizen Consultants, the certified expert in citizenship programs around the world.

Investors can avail the benefits of Grenada passport after investing in Grenada and then gain access to the UK, USA, China, Canada and Schengen.

Grenada Citizenship by Investment Program is an opportunity for investors and their family members to obtain citizenship, permanent residency, work and enjoy equal rights with Grenadian citizens.

Apart from the benefits of Grenada passport, this program is considered legitimate because it has constitutional provisions that explain how to obtain citizenship by investment and the validity of citizenship for life and makes it clear that neither party can revoke citizenship even if the government changes in the future.

About Benefits of Grenada Passport and Citizenship

Benefits of Grenada Passport give individuals global status through the right to live, work and invest in multiple international markets, regardless of whether you are looking for business development, educational opportunities or a luxurious lifestyle, Grenada has you covered.

The Grenada Citizenship by Investment Program was launched under Act No. 15 of 2013, known as the Grenada Citizenship by Investment Act, which states that eligible individuals who meet the stipulated requirements can obtain Grenada citizenship after making a financial investment.

Compared to other citizenship by investment programs around the world, the investment threshold for Grenada citizenship is relatively low, with a $270,000 investment in real estate or a $235,000 contribution to Grenada to receive the benefits of Grenada passport.

After background checks on the investor and their family members, as well as verification of the investment funds used to obtain Grenada citizenship, Grenada citizenship and passport are issued for a period of 6 to 9 months. The passport can be renewed every 10 years without visiting Grenada.

 

·  Benefits of Grenada Passport in Relation to Freedom of Move

 

One of the most important benefits of Grenada passport is its strength and entry into other countries without a visa, as the Grenada passport gives you the right to enter more than 148 countries without a visa, and this is a point of research for businessmen in particular and adventurers and families who want freedom of movement in general, as this passport allows you to enter the most important economic destinations without a visa, and among the 148 countries are all Schengen countries, the United Kingdom, Singapore, China, Canada and the Emirates.

· Benefits of Grenada passport in relation to tax management

 

For business people looking to improve their tax obligations, Grenada may be one of the very few places that does not impose taxes on foreign income, wealth, inheritance and capital gains. The benefits of Grenada passport also extend beyond individuals to companies, as companies can enjoy generous tax incentives and exemption from customs duties on imports. Protecting the privacy of the investor is another benefit of Grenada passport, as the personal details of the beneficial owner are not recorded.

· Benefits of Grenada Passport in Relation to Access to USA

 

Another benefit of Grenada passport is the ability for investors to access America and establish businesses there, as Grenada has an E-2 investor visa agreement with America, the only Caribbean country to have this agreement with America.

· Benefits of Grenada Passport as an Investment Environment

 

The benefits of Grenada passport do not stop at freedom of entry, but it is a gateway to real estate investment with the aim of obtaining Grenada citizenship, in addition to the possibility of renting the property and benefiting from its passive income and the possibility of selling it after 5 years of obtaining citizenship and recovering the invested money. Grenada is a member of the Caribbean Community, the Organization of Eastern Caribbean States, and the Commonwealth. These partnerships will give businesses an advantage by offering broader trade facilities and agreements.

In addition to being an attractive investment destination in the tourism, education, health, ICT, energy, and agriculture sectors, Grenada has recently signed several trade agreements with countries around the world, most notably the Economic Partnership Agreement that eliminates tariffs on all Caribbean exports to the European Union. Grenada’s infrastructure, including airports, ports, and public transportation, also helps citizens move freely both internally and externally.

· Benefits of Grenada Passport as Ease of Requirements

 

Unlike many countries, the Grenada Passport Program does not require you to reside in order to obtain or maintain a passport, does not require you to speak the English language of the country, and does not require you to prove you have a degree or work experience, which is very important for business people who want to obtain a second passport without moving there or making any other difficult commitments. However, you may be required to visit Grenada once for an interview for you and all adult family members.

General Benefits of Grenada Passport

· Benefits of Grenada Passport Regarding Family Members

 

The benefits of a Grenada passport extend to the applicant’s family members, not just the applicant, as you can add your spouse, children, siblings, and dependent parents, and citizenship can be passed on to future generations. In addition to being a beautiful country and home to the world’s first underwater park, Grenada has a high standard of living, a good healthcare system, and an excellent education system, represented by St. George’s Medical University, which attracts students from all over the world.

· Benefits of Grenada Passport Regarding the Credibility of it

 

Not only is the Grenada passport program credible, but the political and economic system in Grenada is also stable. Grenada allows dual citizenship, which means you do not have to cancel your first passport when you have a Grenada passport, and your Grenada passport data is not shared with your home country.

Investors looking to take advantage of the benefits of Grenada passport should apply through an authorized agent. Global Citizen Consultants and its experts act as a tool to help investors obtain Grenada citizenship by being an authorized agent. Contact one of our experts today for a free consultation.

Dominica Citizenship by Investment in 2024 is a compelling option due to its reasonable investment requirements and visa-free travel benefits.

The applicant and their family members, including parents, grandparents, siblings, children, and spouse, will be able to obtain Dominica Citizenship by Investment in 2024 after a quickly background check.

Overview of Dominica Citizenship by Investment in 2024

The Dominica Citizenship by Investment in 2024 is a current outlet and future insurance policy for nationalities whose countries face complex policies, high taxes, or whose governments promote wars, helping wealthy and middle-class investors to protect their present and future with this citizenship.

Dominica is a country of renowned natural beauty, full of beaches and lush forests, the official language is English, the general public also speaks French, it has a moderate climate and hospitable people. Whether you choose to contribute to the Economic Diversification Fund or choose the real estate investment route, both paths are reliable for securing a strong passport and beneficial citizenship within 6 months.

 

Over the past decades, Dominica has developed its infrastructure of airports, hospitals, hotels and seaports, which is why Dominica offers a range of promising investment prospects for investors who intend to set up businesses there. Dominica citizenship holders will also be able to open European bank accounts with ease.

In addition to investment opportunities, Dominica’s attractive tax regime helps in managing properties and establishing companies, as it imposes no taxes on income, wealth, inheritance, shares, salaries and capital gains worldwide.

The Dominica passport is an attractive passport, ranked 37th in the world and allows you to enter more than 140 countries without a visa, including China and all Schengen countries. Dominica citizens are also eligible for 10-year US visas for medical treatment, training courses and business meetings. In addition to the health systems, Dominica has a comprehensive education system, where Dominica citizenship by investment holders can study at Dominica educational institutions for a free.

Obtaining Dominica Citizenship by Investment in 2024

1.  Government donation for Dominica Citizenship by Investment in 2024

 

This includes a non-refundable contribution to the Economic Diversification Fund of $200,000 for a single applicant and $250,000 for the applicant and three additional dependents to support health, education and infrastructure projects. You will also be required to pay $25,000 for each additional dependent under the age of 18 and $40,000 for each additional dependent over the age of 18.

2.  Real Estate and Dominica Citizenship by Investment in 2024

 

Investing in luxury resorts or residential properties qualifies you for Dominica Citizenship by Investment in 2024. Unlike the donation option, a Dominica citizenship holder can rent out the property and then resell it 3 or 5 years after obtaining citizenship in order to recoup the investment.

The minimum property price required to obtain Dominica Citizenship by Investment in 2024 is $200,000, plus a contribution of $75,000 for Dominica as the main applicant and $100,000 for the applicant and three additional dependents. $25,000 will be required for each additional dependent under the age of 18 and $40,000 for each dependent over the age of 18.

This option is ideal for those who want to reside permanently in Dominica or who want to rent out the property and earn rental income. It is worth noting that the property purchase is made after the application is approved, which is considered the least expensive Caribbean citizenship program when it comes to real estate investment.

3.  Dominica Citizenship by Investment in 2024 Business Option

 

Dominica Citizenship by Investment in 2024 can be obtained by investing in one of the government-approved business projects, after which citizenship is guaranteed to the applicant and the rest of the family members, however, you are required to invest at least $500,000 in these projects, which is higher than the costs of the previous two options.

Dominica Citizenship by Investment in 2024 Requirements

The application process for Dominica Citizenship by Investment in 2024 is managed by the Dominica Citizenship Unit, which is part of the Ministry of Finance and is responsible for reviewing and selecting applications by ensuring that all of them meet the eligibility requirements.

To be eligible for Dominica Citizenship by Investment in 2024, the main applicant must be at least 18 years old, be of good standing with no criminal record, have obtained their funds legally, and be in good physical health.

Once Dominica citizenship is obtained, citizenship cannot be revoked or withdrawn for any reason, even if the citizenship program is canceled, but applicants must provide accurate information during the application process and not cheat during the interview.

In order to obtain Dominica Citizenship by Investment in 2024, applicants are required to undergo a personal interview for each applicant who is 16 years of age or older, either in Dominica or in other locations close to the applicant’s place of residence. It is worth noting that this program does not require any residency before or after obtaining citizenship, and it is possible to apply for, obtain and renew a Dominica passport easily and without visiting Dominica.

Are you interested in obtaining a Dominica passport, or are you interested in other citizenship by investment programs around the world? Contact one of our expert consultants in the field of second citizenship.

Global Citizen Consultants: An expert and accredited office for obtaining Caribbean citizenship by investment.

Golden visa programs are the path to residency and passport in Europe, but let’s clarify their difference with traditional residency programs.

Entering Europe with a Golden Visa and traditional residency programs allows individuals to travel within Europe without a visa, reside in desirable locations, establish businesses in countries with strong economies, and obtain citizenship in the future.

About Golden Visa and Regular Residency Programs

Some may hear the term Golden Visa here and there, which means the possibility of obtaining residency from another place after investing in it, and residency by investment is the second term for it, but it should not be confused with golden passport programs that offer citizenship by investment.

In 1984, citizenship by investment programs began to appear through the St. Kitts and Nevis Citizenship Program, at that time many European countries already offered Golden Visa and Regular Residency programs, however, the countries offering Golden Visa programs have greatly decreased and are now narrowly located on Spain, Portugal, Greece and Malta.

 

· Required length of stay

 

This point is the pivotal difference between the two programs, as you need a very short stay to maintain the Golden Visa program, specifically a week or two a year, while traditional residency programs require a stay of 6 to 8 continuous months.

From this we understand that the Golden Visa program is an option for businessmen and investors who want to diversify their investments, properties and businesses in more than one place and those who are looking for alternative plans and who do not think about moving to a country immediately to maintain their current lifestyle. Other residency programs are for those who want to live and settle in a new country.

· Financial requirements and obligations

 

Another difference is the amount of investment required and the long-term commitment. On the one hand, the Golden Visa requirements are higher than the requirements of the regular residency program, but the traditional residency programs require proof of regular income, unlike the Golden Visa program which requires only one investment at the beginning.

To obtain the Golden Visa, you must invest either in real estate or make a financial contribution to the countries that offer these programs or by purchasing investment funds and stocks.

✓ The Path to Permanent Residency and European Citizenship

While both programs claim to lead to European permanent residency and eventually European citizenship, regular residency programs are less clear, the requirements are often more complex, and the timeframe is longer than advertised. However, Golden Visa programs offer permanent residency and citizenship within a pre-determined timeframe that cannot be extended.
The latter takes about 5 years after first applying to a Golden Visa program, but only if certain other requirements are met, such as knowing the country’s language at least at an intermediate level and maintaining the investment until citizenship is obtained.

Examples of Traditional Residency Programs

· Portuguese Passive Income D7 Residency

 

To obtain a Passive Income Residency in Portugal, you must not travel outside Portugal for 6 consecutive months or 8 intermittent months in order to maintain your program, and therefore you cannot move to reside in another European country. In addition, the user must prove that he has a regular passive income and fixed assets.

Examples of Golden Visa Programs

· Portuguese Golden Visa

 

Portugal offers a Golden Visa program for families who are considering strengthening their presence in Europe and benefiting from Portuguese educational, health and cultural opportunities.

To obtain Portuguese residency, you must invest around €500,000 in non-real estate funds or make contributions to the arts and education in Portugal. Note that Portugal only requires its investors to stay for 7 days per year.

· Spanish Golden Visa

 

To qualify for Spanish residency, you must invest €500,000 in Spanish real estate and wait until the end of the Golden Visa program to resell the property or after obtaining Spanish citizenship. With Spanish residency you can establish projects and companies in Spain and the European Union.

· Greek Golden Visa

 

The Greek residency program is considered one of the most suitable European residency programs through investment, as investing in Greek real estate in the amount of 250 thousand euros qualifies you to obtain the Greek Golden Visa, but the Greek government is seriously considering raising investment prices. With this program you can reside not only in Greece but in all European Union countries at once.

Who suitable for Golden Visa and Regular Residency programs?

Regular residency programs are suitable for people who have a regular passive income and want to spend most of their time in one place and do not want to make a large investment immediately, while Golden Visa programs are suitable for people who are looking for alternative plans for their future and want to maintain their residency in another place and are willing to make a one-time investment at the beginning.

Which should I choose, Golden Visa or Regular Residency?

Both programs provide the opportunity to reside, live and establish a business in Europe, but it depends on the preferences of investors regarding the most suitable option for them. We have shown how the Golden Visa program has lower residency requirements and is suitable for those looking to diversify their business and residency rather than living and setting up a business in one place. Also, how you need to make a large investment initially with the Golden Visa programs and you need to prove a steady income with the rest of the residency programs. We have also shown the importance of the two programs in terms of obtaining citizenship and how the Golden Visa programs are clearer and faster to obtain a European passport.

You decide which program you need: Golden Visa programs, traditional residency or citizenship by investment programs. Still confused? Why not contact the citizenship experts Global Citizen Consultants to narrow down the picture for you to make the right decision and then apply for the program from our side as we are an accredited company for residency and citizenship programs around the world.

St. Kitts citizenship provides the opportunity to access the Middle East via Saudi Arabia and thus establish businesses in the region and the Saudi.

For their part, the two countries of St. Kitts and Saudi Arabia confirmed the deepening of diplomatic relations between the two countries by opening an embassy and consulate for St. Kitts in Saudi Arabia soon.

The Caribbean nation of St. Kitts and Nevis’s relations with the Middle East and North Africa, especially Saudi Arabia, reflect St. Kitts’ intention to deepen its strategic relations and enhance its citizenship by investment program.

Opening embassy for St. Kitts citizenship holders in Saudi

The happy decision for the Saudi Arabia and St. Kitts citizenship holders came from New York on the sidelines of a meeting held at the Permanent Mission of the Kingdom of Saudi Arabia to the United Nations in New York.

The opening of the St. Kitts Embassy and Consulate in the Kingdom was one of the key outcomes of the meeting held between the Prime Minister of St. Kitts, Dr. Terence Drew, and the Saudi Foreign Minister, King Faisal bin Farhan, on September 22, 2024.

On the occasion of this step, Dr. Drew said: “The establishment of a St. Kitts Embassy in the Kingdom of Saudi Arabia will enhance cooperation between the two countries in several areas, including trade, tourism and development, and will provide direct support to St. Kitts citizenship holders in the Kingdom of Saudi Arabia in particular and the region in general.”

The Prime Minister of St. Kitts added: “Our move confirms our serious efforts to expand our global diplomatic presence and strengthen partnerships in the Middle East region, while emphasizing the strategic importance of this decision in strengthening international relations with partners around the world.”

Alongside the news of the embassy opening, the discussion included the outcomes of the Caribbean Summit held in October 2023, with a focus on future cooperation in the areas of sustainability and adaptation.

Despite the small size of Saint Kitts, the Kingdom’s interest in Saint Kitts and the rest of the Caribbean countries is due to the importance of these countries in the matter of voting on some decisions in favor of the Kingdom of Saudi Arabia in international forums, in addition to developing the popularity of the St. Kitts citizenship.

 

·  Saint Kitts’ relations with the Kingdom of Saudi Arabia

As of October 2023, the Kingdom of Saudi Arabia has allowed St. Kitts citizenship holders to enter the Kingdom with an electronic travel visa, through which they can travel to Saudi Arabia for the purpose of Umrah, visiting religious and tourist sites, visiting relatives, or for business purposes.

Also, the first summit between the two countries was held at the aforementioned CARICOM Summit, within the Caribbean-Gulf States Group in November 2023, and ways of partnership and cooperation were discussed in the fields of economy, investment, trade and tourism in particular. With a focus on strengthening bilateral relations between the two countries at all levels.

· St. Kitts’ Relations with Egypt

 

In September 2021, the establishment of diplomatic relations between the two countries was announced, and the treaty was signed by the Foreign Ministers of the two countries, representing the Egyptian side, Mr. Shamekh Shoukry and his counterpart Mr. Mark Brantley.

· St. Kitts’ Relations with Bahrain

 

As for the Kingdom of Bahrain, the establishment of diplomatic relations was announced in September 2018 by the Minister of Foreign Affairs of Bahrain, Sheikh Khalid bin Ahmed, and the Minister of Foreign Affairs of St. Kitts, His Excellency Mark Brantley.

· St. Kitts’ Relations with the United Arab Emirates

 

Earlier this year, specifically on June 6, 2024, Mr. Hazza Al Kaabi was appointed as the Permanent and Plenipotentiary Ambassador of the United Arab Emirates to St. Kitts.

· St. Kitts’ Relations with Kuwait

 

Kuwait’s relations with St. Kitts began early, specifically in November 2012, and the Statement of Relations was signed by Mr. Mansour Ayyad, Permanent Representative of the State of Kuwait to the United Nations, and his counterpart Mr. Delano Frank, who signed on behalf of St. Kitts.

Opportunities for St. Kitts citizenship holders in Saudi

· St. Kitts Citizenship and the Economic Side

 

The strategic partnership between the Kingdom and countries offering post-investment citizenship programs, including St. Kitts citizenship, provides opportunities to develop trade and investment relations that benefit Saint Kitts citizens, investors and residents in the Kingdom in the fields of tourism, food industries, agriculture, energy and financial services, in addition to exchanging expertise, research and modern technologies.

· St. Kitts Citizenship and Entry into Saudi Arabia

 

In addition to the decision to open Saint Kitts diplomatic institutions in the Kingdom of Saudi Arabia, the entry of Saint Kitts passport holders into Saudi Arabia has been facilitated with an electronic visa or a visa upon arrival at one of the gates.

· St. Kitts Citizenship and Flights to Saudi Arabia

 

Following the decision to strengthen relations between the Kingdom and Saint Kitts, an air transport line was opened between the Kingdom and Saint Kitts on November 15, 2023, directly and for 12 hours, reaching not only Saint Kitts but also the countries of the two continents of the Americas.

Speak with our certified St. Kitts Citizenship Program representative from Global Citizen Consultants for Citizenship and Investment Programs, to understand all aspects of the St. Kitts Citizenship Program, its importance, requirements and what it offers to those looking to invest and access the Middle East region.

The Grenada Citizenship by Investment Program not only provides businessmen with a powerful passport, but also offers attractive tax programs.

While starting a business is stressful and exciting, hiring and company formation costs are not the only thing to worry about. Businesses around the world have their own tax systems, so the Grenada Citizenship by Investment Program can help you set up your business in the best possible way through business-friendly tax programs.

The Grenada Citizenship by Investment Program offers the opportunity to obtain its program after purchasing real estate in Grenada or donating to the Grenada Government Fund, and includes some additional fees depending on the number of family members that will be included with the main applicant in the application.

Taxation System in Grenada Citizenship by Investment

Tax optimization is a major consideration for businessmen, wealthy individuals and high net worth members around the world, so the Grenada Citizenship by Investment Program offers the opportunity to become a tax resident and enjoy significant tax deductions.

One of the most important features of the Grenada Citizenship by Investment Program is that it does not impose any taxes on foreign income, capital gains, inheritance, dividends, wealth, or gifts.

Since the Grenada Citizenship by Investment Program does not require investors to reside in the country after obtaining citizenship, this means that you can benefit from the Grenada passport and tax program without being restricted to living there and you can open your company and manage your tax strategy without setting foot in Grenada. However, many individuals choose to live there due to the low cost of living.

 

One of the reasons that Grenada citizenship is a popular choice among businessmen is that the island does not impose capital gains taxes, providing businessmen with a safe and stable environment in which to grow their businesses. It also offers a variety of job opportunities, especially in the fields of tourism, renewable energy, and agriculture.

In addition to capital taxes, Grenada does not impose any inheritance, wages, salaries, or property taxes. Local and international banks there also offer easy checking and savings account and online banking services.

Also, tax exemptions are provided for some companies and projects for up to 20 years, such as construction projects and the operation of resorts and hotels. The exemptions do not stop at tax exemptions, but extend to exemption from customs duties.

Anyone who wants to become a tax resident in a country with a good tax system like Grenada must reside in Grenada for at least 183 days a year to be counted as a tax resident.

The Grenada citizenship program provides the opportunity to open companies in Grenada easily and without the need to visit the island, and the transactions are characterized by confidentiality and nominal fees.

In addition to a comfortable tax system, Grenada citizenship provides the opportunity to reside and move between countries to experience new and exciting lifestyles, as working from the Internet from anywhere in the world has become widespread.

What are the effects of Grenada not imposing taxes?

While many countries may make their money through taxes, taxing their citizens and businesses to support government projects and plans, some countries, such as Grenada, exempt their citizens and businesses from taxes and instead rely on the following points:

◈ Getting revenue from state-owned enterprises.

◈ Taxing consumption and services.

◈ Obtaining revenue from foreign investment.

◈ Relying on large tourism sources.

◈ Getting money from non-tax revenue.

Challenges for Choosing the Right Tax Program

▣ Double Taxation: Common Reporting Standards and Foreign Corporate Tax Compliance Acts are agreements between countries to prevent tax evasion, which include the exchange of financial information about individuals. In this regard, Grenada does not impose any taxes on foreign trade and has signed several agreements with countries to avoid double taxation.

▣ Currency and Exchange Rate Risk: Risk management strategies are important for financial stability because they can affect the value of income, expenses and assets. It is worth noting that Grenada’s currency is the Eastern Caribbean Dollar, which is pegged to the US dollar and stable.

▣ Other Payments: Taxes and business start-up costs are not only important for investors, rent, healthcare, transportation and social payments also play a role. The good news is that real estate investment to obtain Grenada citizenship covers the bulk of the cost, and the cost of living in Grenada is not high.

Grenada Citizenship by Investment Options

1. Donate to the National Transformation Fund: Minimum $235,000.

2. Real Estate Investment and Holding for 5 Years: Minimum $270,000.

To learn more about Grenada citizenship by investment and what other tax considerations and benefits you can get, speak to our authorized Grenada citizenship by investment agent. Also read the rest of our articles on second citizenship.

As part of Dominica’s efforts to strengthen its passport, Dominica Citizenship by Investment Unit has recently reduced the adding newborns costs.

Many people think about their family status as much as they think about themselves when applying for citizenship programs, and fortunately, the Dominica Citizenship by Investment Program provides the opportunity to add newborns to the program even after their parents have acquired citizenship.

The Dominica Citizenship by Investment Unit recently updated the pricing structure for adding newborns and children up to the age of 18 to the citizenship program, from $5,000 to just $2,000.

Dominica Citizenship by Investment and Adding Newborns

In addition to the Dominica Citizenship by Investment Program, each Caribbean country has its own rules when it comes to adding newborns to the citizenship program, either during the application process or after a period of time after the rest of their family has acquired citizenship, which falls under the Citizenship by Investment Act or the Citizenship by Descent Act.

The Dominica Citizenship by Investment Program allows newborns to be added to the citizenship program for a small fee of $2,000, where they will be subject to the Citizenship by Descent Program and must be done before the children reach the age of 18.

The process of adding newborns is relatively simple, all you need to do is contact your agent and they will do it for you. As for the documentation, it only requires basic documents such as birth certificates, ID cards and passports if available, as well as some other details depending on the nationality of the applicant.

Under the Dominica Citizenship by Investment Program, a child born in Dominica to foreign parents can obtain a Dominican passport, and citizenship can be granted to children born outside Dominica if at least one parent is a Dominican citizen.

 

1. Antigua and Barbuda

 

Antigua and Barbuda’s Citizenship by Investment Program offers the opportunity to add new children after and during the citizenship application, with children being added up to the age of 17. Antigua and Barbuda has also made the decision to consider children born abroad as citizens of Antigua and Barbuda if one parent is an Antiguan and Barbuda. The price depends on age, with $25,000 for children under 5 and $10,000 for children under 5.

2. Grenada

Within one year of the initial application period for Grenada’s Citizenship by Investment Program, newborn dependents are considered for citizenship under the Citizenship by Investment Program, but after that they will be considered for citizenship by descent. Although citizenship by descent costs less, the process takes longer and requires more effort. During the first 12 months, applicants will have to pay $25,000 for newborns, after which the cost of documents and procedures for citizenship by descent will be around $10,000.

3. St Kitts and Nevis

Following ongoing improvements to the St Kitts and Nevis Citizenship by Investment Program, individuals are now able to add newborn dependents prior to citizenship certificates being granted, who will then need to apply by descent if at least one parent is a St Kitts and Nevis citizen. The cost is $10,000 for regular status and $15,000 for express applications.

4. Saint Lucia

Following the 2023 decision, St Lucia’s citizenship law now accepts newborns up to one year of age after citizenship, after which it will be within the law of descent which grants citizenship to children born in St Lucia or abroad if one of their parents is a St Lucian citizen, meaning that only one generation will receive citizenship. The cost of adding dependents during the first year will be $5,000.

Other Dominica Citizenship by Investment Updates for 2024

⊙ Temporary suspension of Yemeni nationals’ applications.

⊙ Visa between Dominica and Turkey.

⊙ Argentina visa-free and Vietnam visa on arrival.

⊙ Change in Dominica Citizenship by Investment Program Prices.

Other new costs for Dominica Citizenship by Investment 2024

1. Economic Diversification Fund (EDF) Donation Option

⊙ The main Applicant: $200,000

⊙ Main Applicant and up to 3 Dependents: $250,000

⊙ Each Additional Dependent under 18: $25,000

⊙ Each Dependent over 17: $40,000

2. Real Estate Investment Option

⊙ Real Estate Investment: $200,000

⊙ The main Applicant Contribution: $75,000

⊙ Main Applicant and up to 3 Dependents: $100,000

⊙ Each Additional Dependent under 18: $25,000

⊙ Each Dependent over 17: $40,000

Contact Global Citizen Consultants, the exclusive agent for Dominica Citizenship by Investment Programme, and learn about the general benefits of the programme and what you stand to gain if you apply for it, by speaking to one of our second citizenship expert.

Benefits of obtaining Grenada citizenship by real estate investment are twofold, whether as a second citizenship or as an investment in real estate.

The southern Caribbean Island is witnessing a growing development of villas and residential resorts, making it an ideal environment for obtaining citizenship by real estate investment in particular, due to the low costs of real estate and labor, and there is an expected increase in tourism by 5% annually over the next ten years, all of which means greater opportunities for international investors.

Obtaining Grenada citizenship by real estate investment is an exceptional option for retirees, nature lovers and those looking for a second home, as Grenada is one of the most beautiful coastal islands on Earth and is known as the Spice Island.

About Grenada Citizenship by Real Estate Investment

Applicants and their family members can obtain Grenada citizenship by real estate investment with prior approval from the Government of Grenada for $350,000 and keep the property for 5 years after which they are entitled to resell it and get the money, they spent to obtain Grenada citizenship by real estate investment back.

Although Grenada offers many attractive real estate options, including land for getting a powerful Grenada passport, but not all homes and land for sale can be used for citizenship, as they must be approved for Grenada citizenship.

St. George, St. David and St. Andrew are some of the best locations for real estate investment, especially the popular capital, St. George, thanks to its stunning scenery, rich culture and diverse recreational options such as hiking, swimming and diving, in addition to the presence of a port for international cruise ships.

 

1. Find the property you like.

2. Make an offer to purchase the property and prepare the sales and purchase contracts.

3. Pay the deposit, prepare all relevant documents and complete the final payment.

4. Apply for citizenship and obtain Grenada citizenship and passport.

Note: All steps can be done through an authorized agent, and the last step is essential.

Grenada citizenship by real estate investment options

✓ Residential properties ranging from villas and apartments to beachfront homes.

✓ Commercial properties ranging from shopping malls to office buildings.

✓ Industrial properties ranging from warehouses and manufacturing facilities to distribution centers.

✓ Resorts and hotels ranging from luxury resorts to boutique hotels.

✓ Agricultural land in Grenada’s fertile lands guaranteed by government incentives.

Grenada Citizenship by Real Estate Investment Requirements

Real Estate Investment Costs

 

✓ Applicant and 3 family members: $350,000

✓ Applicant and 3 family members: $270,000 + $50,000 non-refundable contribution

Additional family members involved in the application:

 

✓ Spouse: $20,000

✓ Parents and grandparents under 55: $50,000

✓ Parents and grandparents over 55: $25,000

✓ Siblings over 18: $70,000

✓ Any additional dependent up to age 30: $25,000.

If you are planning to obtain Grenada citizenship by real estate investment and need professional guidance, do not hesitate to contact the Global Citizen Consultants, the official agent for obtaining a second citizenship from the Caribbean nation of Grenada.