Citizenship by Investment refers to obtaining citizenship through a certain investment in a foreign country in exchange for the rights, privileges, and obligations in that country. Dual citizens enjoy the benefits of being a citizen in more than one country and get additional freedom to travel, do business, and regulate their taxes.
For that purpose, many CBI programs have been established and have evolved as the world develops and changes. Caribbean countries have among the best CBI programs in the world and host some of the fastest-growing economies in the region.
If you’re looking for lucrative Citizenship through Investment Programs that will give you and your family a lifetime of security and benefits, check out this article, where we’ll highlight the top CBI programs for the following year.
St. Kitts and Nevis
St. Kitts and Nevis has one of the best Caribbean Citizenship by Investment Programs and is the oldest in the world, established in 1984. It’s also known as the “great-grandfather” of the rest of the CBI programs.
More than 200,000 applicants have received their passports since 1984, and there are several investment options.
Investors can contribute $125,000 to state funds, invest in public goods investments of at least $175,000 or purchase real estate for at least $200,000. One of the perks of obtaining a passport from St. Kitts and Nevis is the unlimited number of applicants who can receive citizenship as co-dependents. This type of citizenship can be passed down to future generations once it is obtained, which makes this program ideal for families.
The program also allows its citizens to travel to more than 150 countries without a visa or with a visa on arrival, including Hong Kong, Singapore, the UK, and the Schengen zone.
The application process is fast, and you can get citizenship within six months.
Dominica’s CBI program was launched in 1993, and it’s quite popular among investors. More than 6,000 applicants have received their passports since its establishment. It’s not only one of the best in the Caribbean region, but it’s also one of the least expensive ones.
The investment options include:
• A minimum investment of $200,000 in real estate;
• $100,000 one-time donation to a state fund;
When the investor opts for the real estate investment option, they can hold the property for at least three years before selling it.
Dominica’s passport allows you to visit more than 145 countries with a visa on arrival or without a visa. The application process is completely remote, and applicants are not obliged to visit or stay in the country.
Dual citizens can also get a 10-year visa to the USA, type B-1/B-2, which allows them to stay up to 180 days in the country, whether to get medical treatment, attend business meetings or conferences, or travel to a certain location.
Dominica doesn’t impose taxes on interest, dividends, inheritance, capital gains, or royalties acquired abroad, so investors can also enjoy tax benefits.