Caribbean Citizenship

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Topics reviewed in this article:

• Citizenship in Grenada through investment
• Investment in St. Kitts and Nevis and getting the citizenship
• Investing in St. Lucia and obtaining the citizenship of this country
• Investing in Antigua and Barbuda and obtaining the citizenship of this country
• Investing in Dominica and getting the citizenship of this country

Citizenship in Grenada through investment

The Citizenship by Investment Program was established in August 2013, and is regulated by Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’

• The main benefits of Grenada citizenship

Having access (visa-free access or visa on arrival) to 144 destinations including China, Hong Kong, Singapore, the UK and the European Schengen area without the need for a visa (the only Caribbean investment citizenship program that has access to China without the need for a visa)

Being eligible to apply for a Nonimmigrant Investor Visa to the United States due to the E-2 Nonimmigrant Investor Visa Agreement

Citizenship for spouse, children under 30, single siblings who are 18 years old and older, grandparents of the main applicant and his/her spouse’s grand parents

There are no restrictions on dual citizenship

There is no need to be present in this country

• Route to get the citizenship of Granada

Applicants who are interested in getting the citizenship of Grenada have two investment options:

The option of donating money to the National Transformation Fund (NTF)

The minimum non-refundable grant is $ 150,000 for a single applicant and $ 200,000 for a family of up to four.

The option of real estate

Having at least US $ 220,000 as a co-owner of an approved real estate in order to get a property from a government project

In addition, the following investment requirements and other obligations must be considered:

Under the real estate option, the government expenses will be $ 50,000 for the main applicant and a maximum of three dependents.

For both NTF and real estate options, an additional $ 25,000 per dependent after the third dependent (excluding eligible siblings and dependent parents who are older than 55 years old), $ 50,000 per parent who are 55 years old or less, and 75,000 USD for each eligible sibling.

Legal fees are $ 5,000 for each applicant who is 17 years and older.

The government processing costs are $ 500 for each applicant who is up to 16 years old and $ 1,500 for an applicant who is 17 years old and older.

The government application fee and passport fee are $ 1,750 per applicant.

Investment in St. Kitts and Nevis and getting the citizenship

Investing in St. Kitts and Nevis and getting the citizenship of this country is the longest Citizenship by Investment program in the world.

• The benefits of investing in St. Kitts and Nevis

St. Kitts and Nevis is a fast-growing economy that offers many benefits to foreign investors in exchange for financial support to this country. One of the main advantages is that the residents do not pay taxes on income (income tax), wealth, inheritance, gifts, foreign income or capital gains. Property tax is very low. If you have decided to create a Job in St. Kitts & Nevis, this is easy to do in the growing tourism sector, and there is also a qualified English-speaking workforce available.

• Tips for getting the Citizenship of St. Kitts and Nevis through Investment:

Getting a passport within 3-4 months

The whole process takes 45-60 days

Being able to travel to more than 140 countries without a visa

The dual citizenship is accepted in this country

Optimal tax system

There is no need to be present in this country

Citizenship for the whole family

Requirements:

In addition to the required investment, the applicant must meet the following criteria:

The main applicant must be at least 18 years old.

All of the applicants must be in good mental and physical health.

Having no criminal or immigration record

People who will get a residence permit through this procedure are:

Spouse and young children.

Married children between 18 and 30 years old.

Parents or dependent grandparents (55 years old and older)

• Investment options

1. Contribution to the Sustainable Growth Fund(SGF)

In order to qualify for getting the citizenship of St. Kitts and Nevis, applicants can choose from the following non-refundable grants:

$ 150,000 – main Applicant

$ 195,000 – main applicant + up to 3 dependents

$ 10,000 – Any extra people

1. Investing in real estate

Buying an approved property in St. Kitts and Nevis is another investment option under the CBI program. Investors’ favorite properties are villas, apartments or hotels. In order to qualify for getting the citizenship under the real estate option, the government needs at least the following:

$ 200,000 – Properties can be sold after 7 years.

$ 400,000 – The properties can be sold after 5 years.

• Ancillary costs

Regardless of how much you invest in real estate, you should also pay the following government fees:

$ 35,000 – main Applicant

$ 20,000 – Spouse

$ 10,000 – Each dependent

The applicant also needs to pay side costs and other fees and taxes which is about $ 7,500 for the main applicant and $ 4,000 for each dependent over the age of 16.

Investing in St. Lucia and obtaining the citizenship of this country

There are many reasons for you to get the citizenship of St. Lucia. The main benefits include dual citizenship and beneficial taxes. Other benefits include:

Getting the passport of St. Lucia in 3 months

Citizenship for the whole family for living

Having access to 128 countries without the need for a visa

 Investment with a minimum capital of $ 100,000

The investment can be recovered after 5 years.

A rather stable political environment

Very little crime

Improved infrastructure

High ranking in trade reports

No need to pay taxes

• Main investment requirements

Apart from investing, the following criteria must be considered:

The main applicant must be at least 18 years old.

All applicants must be in good health.

No criminal record

o People who get a residence permit through this procedure:

In addition to the required investment, the applicant must meet the following criteria:

Spouse and children under 18 years.

Dependent children who age between 18 to 25 years-old and are full time students.

Children and parents with mental or physical problems.

Parents and grandmother who are 65 and older.

• Investment options:

1. Contribution to the National Economic Fund

The government of St. Lucia established the National Economic Fund (NEF) under the Citizenship by Investment Program Act for the sole purpose of receiving qualifying investments of donations and to fund various government-sponsored projects.

o The amount of money for Investment:

$ 100,000 – Main Applicant

$ 140,000 – main Applicant + Spouse

$ 150,000 – Family of up to 4

$ 25,000 – each additional dependent

1. Investing in an approved real estate project

Applicants can invest in a government-approved real estate. The minimum purchase price of the property is $ 300,000.

Currently, the approved projects are divided into two categories:

Hotels and resorts

stores

Applicants must retain the real estate for at least 5 years after getting the citizenship, and after that they can sell it.

1. Investing in an approved enterprise project

A single investor can invest at least $ 3.5 million in an approved business project and create at least 3 permanent jobs. If an investment is shared with another person, each applicant must invest at least $ 3,000,000 and the total business must be at least $ 6,000,000. In addition, it must create at least 6 permanent jobs.

Currently, the approved projects are divided into seven categories:

Special restaurants

Ports and seafaring

Agricultural processing companies

pharmaceutical products (medicine)

Ports, bridges, roads and highways

Research institutes and facilities

Overseas universities

1. Investing in government bonds

Applicants can invest in non-interest-bearing government bonds with a minimum value of $ 500,000 plus government fees and processing fees. An eligible investment must be registered in the applicant’s name and from the date of its’ issuance it should remain on a 5-year bond.

o Investment amounts:

$ 500,000 – main Applicant

$ 535,000 – main Applicant + Spouse

$ 550,000 – Family of up to 4

$ 25,000 – Each additional person regardless of age who are dependent.

Investing in Antigua and Barbuda and obtaining the citizenship of this country

The Antigua and Barbuda Citizenship Program was launched in 2013 in order to attract foreign investment and strengthen the national economy. The requirement of being present in this island in 5 years is 5 days (in five years you have to be present in this island only for 5 days).

• The benefits of investing in Antigua and Barbuda

The main benefits include dual citizenship and an optimal tax system. Other benefits include:

Getting a passport within 3 to 4 months

Citizenship for the whole family

Traveling to more than 130 countries without the need for a visa

High standards of health and education

Economic, political and social stability

Beneficial tax system: No taxes on property, inheritance or capital gains

No restrictions on refunding the profits and imported capital

• Investment requirements

Apart from the required investment, the following criteria must be met:

The main applicant must be 18 years of age or older.

All applicants must be in good health.

Having no criminal or immigration record.

5-day residence requirement in the first 5 years for the adult applicants.

o Dependents who will get a residence permit through this program are:

Spouse and young children.

Children from 18 to 28 years-old who are full time students.

Grandparents who are 58 years old and older.

• Investment options:

An applicant must invest in one of the following 4 options in order to apply for citizenship.

1. A contribution to the National Development Fund (NDF)

Foreigners can obtain the citizenship of Antigua and Barbuda by contributing a non-refundable amount of $ 100,000 or more to the National Development Fund (NDF) or authorized charity and in addition to that they should also pay the processing costs.

o Investing in real estate

Foreign investors can invest at least $ 400,000 in approved real estate and they must also pay the costs of processing, taxes and other costs. In order for you to be able to recover your capital, the property that you bought must be maintained for 5 years and then after 5 years the property can be sold.

1. Investing in business

Applicants can invest $ 1,500,000 in approved businesses, whether existing or new businesses. 5 years after obtaining the citizenship, the business can be restored. This program allows two or more applicants to invest in businesses and jointly apply for citizenship. In this case, each applicant must contribute at least $ 400,000 and the total amount must be at least $ 5,000,000.

1. Contribution to the UWI Training Fund

 A family of four or more can contribute at least $ 150,000 to the UWI Training Fund. One family member is eligible to receive a one-year free tuition at UWI University in Antigua.

Investing in Dominica and getting the citizenship of this country

The Dominica Citizenship by Investment Program was established in 1993.

• The benefits of investing in Dominica

The Dominica Citizenship by Investment Program provides investors with a wide range of benefits, including:

Getting the passport of Dominica within 4 months

Citizenship for the whole family

The dual citizenship is accepted in this country

Traveling to more than 120 countries without the need for a visa

Economic, political and social stability

Beneficial tax system: No taxes on property, inheritance or capital gains

• Investment requirements

In addition to the required investment, the applicant must also meet the following criteria:

The main applicant must be at least 18 years old.

All applicants must be in good health.

No criminal or immigration record.

o Dependents who will get a residence permit through this program are:

Spouse and children under 18 years.

Dependent children from 18 to 30 years-old who are full time students.

A single girl as the main applicant who is under 30 years old and financially dependent.

Children with mental or physical disabilities who are fully supported by the main applicant.

Grandparents aged 55 or older who live with the main applicant and are fully dependent.

• Investment options:

To apply for citizenship, the applicant must invest in one of the following two options:

1. Contribution to the Dominica Economic Diversification Fund (EDF)

Foreign investors and their families can make a one time, non-refundable contribution to the EDF in addition to government fees for eligibility for citizenship.

Contribution amounts:

$ 100,000 – Single Applicant

$ 150,000 – main Applicant + Spouse

$ 175,000 – main applicant + up to 3 eligible individuals

$ 25,000 – Any additional dependents, except siblings aged 18-25

$ 50,000 – 18 to 25 years-old siblings

o Investing in real estate

Applicants can invest in the determined and officially approved real estate with a minimum value of $ 200,000, regardless of the number of dependents, plus government payment, processing costs. The property must be maintained for at least 3 years. Two or more applicants can co-invest in an approved project, and can apply for citizenship through investment if they contribute at least $ 200,000 as each main applicant.