Dual citizenship is not something that can surprise modern investors. More and more countries offer unique programs for obtaining a second official passport. Among them, the offers of the Caribbean states stand out favorably, and there are several reasons for this:
- comfortable conditions for paying taxes;
- high quality of life (education, medicine, infrastructure);
- opportunity to travel to the EU and Schengen countries.
To begin to enjoy these advantages, all you have to do is to submit an application to participate in the program, for example, get Dominican citizenship. In this way, you can not only obtain citizenship, but also successfully scale your business outside of your home country.
How to choose a suitable program
Investors who intend to obtain a second passport and migrate, can choose their preferred program. To do so, it is necessary to consider not only the size of the investment, but also other conditions of the best Caribbean country for expats to relocate:
- opportunities for business development;
- availability of restrictions for departure;
- quality of life.
There are several well-known Caribbean programs. They are attractive because the owners of the strongest Caribbean passport enjoy all the benefits of dual citizenship and develop their business without any difficulties.
№ 1: St. Kitts and Nevis
This well-known program is suitable for those investors who intend to move the whole family (especially if they have more than 2 children). The amount of investment depends on the option chosen, since the state offers several ways to obtain the status of citizen.
The main requirements of the list of Caribbean countries to retire include a non-refundable fee, the purchase of real estate and the creation of new jobs. Participation in the program will cost from 150 thousand dollars. Dependents (minor children, students) also receive a passport with their parents. If the family consists of more than 4 people, it is necessary to invest an additional $ 10 thousand for each child.
№ 2: Antigua and Barbuda
The Antigua and Barbuda program attracts the attention of investors who have many children. To obtain a strongest Caribbean passport, an investment of $100,000 or more is required. The maximum size of the contribution is 400 thousand dollars, which makes the program available to large investors.
Obtaining citizenship for investment became possible in 2013, and conditions have not changed much since that time. The government offers to make a contribution to the National Fund, buy real estate with 5 years of ownership or invest in education. According to Immigrant Invest specialist Svetlana Gorchakova, these programs are ideal for investors who have more than 2 children under their care.
№ 3: Dominica
The Dominica program is beneficial for several reasons. First of all, the size of the investment depends on the number of people in the investor’s family. The minimum donation amount is $100,000, which is quite an attractive amount for most entrepreneurs.
The funds, which are invested by residents, go to the state funds for the development of the best Caribbean country to move to in the field of economy. The program, which went into effect in 1993, has undergone several changes to date. This mainly concerns the change in the amount of investment, depending on the marital status:
- single investor – $100,000;
- married couple – $150,000;
- family with two children – $175,000.
If a resident does not want to invest in a public fund, the strongest passport in the Caribbean offers to make the purchase of real estate. In this case, the “value” of the passport will be $ 200 thousand dollars.
№ 4: Grenada
One of the most affordable investment programs for obtaining citizenship is the offer of Grenada. In this case, the investor needs to choose an area where he will direct his investment:
- National Transformation Fund;
- Purchase of real estate in the region.
The choice of a suitable program should be made after consulting a lawyer. The thing is that to get citizenship in Grenada, you will need to spend from 150 to 220 thousand dollars.
The program participants apply with an indication of their desired destination and current family status. The amount of investment is determined based on these two factors. If you are planning to move with a family of 4 people, the amount will be between $200,000 and $220,000.
№ 5: St. Lucia
The St. Lucia investment program is one of the most affordable. The amount of investment is up to 150 thousand dollars if the investor directs the funds to public funds. This amount makes it possible to obtain citizenship for a family of 4 people. If the investor is single, the amount of investment is 100 thousand dollars.
You can choose to invest not only in public funds, but also in real estate. The minimum term of ownership is 5 years. The purchase of real estate usually costs from 300 thousand dollars, depending on the chosen region of St. Lucia.
The third option for the investment program requires a contribution of 250 thousand dollars. These funds need to be spent on the purchase of government bonds. The term of ownership of the property is specified in the legislation of the country, and the requirements are similar to https://immigrantinvest.com/blog/dominica-real-estate-for-investment-en/.
Obtaining a second citizenship allows investors to freely visit from 100 countries of the European Union and the Schengen area without prior registration of documents. Grenada program allows you to free