Foreigners who are in the process of organizing an alternate airfield in case of deterioration often look to southern countries. Among them, only a few states provide a second passport for sponsoring certain projects.
Favorable conditions of the listed territories allow every investor to receive citizenship of the listed countries. However, each region has its requirements, which any applicant needs to know. Acyr Jardim, a representative of Imin Caribbean, will talk in detail about the differences between Caribbean CBI programs. In his material, he paid attention to several subtleties of each island republic, where it is possible to obtain favorable conditions for living and doing business.
The Main Purpose of Comparison
As practice has shown, confirmed by Imin Caribbean experts, foreigners often find it challenging to choose a country in the South Seas where they would like to obtain a civilian identity card. For this purpose, our experts have decided to create a special Caribbean passport guide to help one decide which country to choose. More about it below.
St Kitts and Nevis
This is the country with the most extended program providing second citizenship. The scheme has been operating since 1984 and is approved within four months. However, for this purpose, it is necessary to contribute the stipulated amount to the country’s development fund or to invest free cash in the purchase of real estate. Having a document of such a country will allow one to receive preferential taxation and guarantees of non-interference of the state in the development of private business.
Dominica
Such a country is considered a leader in a special ranking that examines programs for acquiring citizenship for project funding. The experts will advise you if you do not know how to get Dominica passport. To do this, it is necessary:
- to contribute $100,000 to the country’s development fund;
- to purchase $200,000 worth of real estate from the list of approved properties.
A significant advantage of obtaining Dominican citizenship is that there are no rules governing the place of residence. Also, any family has the right to make an application. Recipients can enjoy a favorable and suitable climate for opening and running a promising business.
Grenada
Many people aspire to have the opportunity for employment in the United States of America. To do so, one needs to apply for Grenada citizenship status. The authorities of such a country have signed a visa agreement with the United States, so one can take a chance to ensure the movement of one’s relatives to the American territory. In addition, the identity card in this country is issued without obligations and conditions to the minimum period of residence.
Antigua and Barbuda
The status of a citizen of such a southern country will allow foreigners to find optimal conditions for living and doing business. In order to have a second passport, it is necessary to contribute $100,000 to the country’s development fund or a one-time donation of $150,000 to the University of the West Indies. Holders of such documents can travel to 140 countries and live in a country with a stable developing economy and tropical climate.
Comparing Investment Thresholds Across the Caribbean
As already mentioned, each island nation has its own rules. Possible investors can finance certain projects or make specific donations that benefit a particular state’s economic development and other features. Foreigners can exchange their money for the corresponding benefits of Caribbean citizenship by investment. It is only necessary to study the peculiarities of such programs and choose the most optimal scheme, thanks to which applicants will be able to feel comfortable in the citizenship status of the southern states.
| Country name | Costs per applicant | Costs of multiple applicants | Processing time |
| Antigua and Barbuda | $100,000. | $100,000 | 90-120 days |
| Dominica | $100,000 | $175,000 | 60-90 days |
| St. Kitts and Nevis | $250,000 | $350,000 | 120 days |
| Grenada | $150,000 | $200,000 | 90-120 months |
In recent times, the popularity of such programs has continued to grow among high-net-worth individuals.
Passport Strength and Global Mobility
Civil status in the Caribbean States offers a wide range of opportunities, including unrestricted entry into a particular territory. Some States also provide a membership card, which acts as an identification card.
Holders of Caribbean nationality can expect security in the island countries, as they have the lowest crime rates in the world. Economic development, a favorable climate, and low tax rates make life quite comfortable for converts.
Tips for Choosing the Right Caribbean CBI Program
In order to make the right choice, one needs to:
- explore the reputation and strength of the state’s civil document;
- view all sponsorship options;
- look at the financial component of the projects;
- get acquainted with the possibilities concerning family members;
- explore tax credits.
In this way, one will be able to make a comparison of Caribbean CBI programs and find an option for oneself. If anything is unclear, please contact a specialized immigration agency.
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