Citizenship by Investment (CBI) programs have recently become an attractive option for individuals seeking greater global mobility, tax advantages, or a secure second home. These programs mean the legal process of acquiring citizenship through a substantial financial contribution to a nation’s economy, allowing one to receive a so-called golden passport.
Among the many options globally, the five Caribbean CBI programs are notable for their affordability, efficiency, and transparency, making them some of the most popular choices for obtaining a second passport.
Investments in the host country can be a non-refundable donation to a government development fund or an investment in real estate. Real estate investments cost more – starting at $270,000 under Grenada citizenship by investment program compared to $235,000 for donations – but offer long-term benefits. Investors can sell the property after a holding period and may earn rental income in the meantime, making it a potentially interesting choice.
While some CBI programs are costly, there are five well-established and cost-effective CBI programs in the Caribbean region. These five islands run smooth processes for their Golden Passport schemes, offering a second passport within a few months to people satisfying their criteria. Below is an overview of these programs country by country:
GRENADA
Minimum Investment:
- Donation: US$235,000
- Real Estate: Starting at US$270,000
Processing Time: 4 to 6 months
Visa-Free Travel: Access to over 140 countries, including the UK, Schengen Area, India, Brazil, China, and Russia.
ANTIGUA AND BARBUDA
Minimum Investment:
- Donation: US$230,000
- Real Estate: Starting at US$325,000
Processing Time: 3 to 4 months
Visa-Free Travel: Access to over 150 countries, including the UK, Schengen Area, China, and Russia.
DOMINICA
Minimum Investment:
- Donation: US$200,000
- Real Estate: US$200,000
Processing Time: 3 to 4 months
Visa-Free Travel: Access to over 140 countries, including the Schengen Area, Brazil, and India.
ST KITTS AND NEVIS
Minimum Investment:
- Donation: US$250,000
- Real Estate: Starting at US$400,000
Processing Time: 4 to 6 months
Visa-Free Travel: Access to over 150 countries, including the UK, Schengen Area, Brazil, and Russia.
SAINT LUCIA
Minimum Investment:
- Donation: US$240,000
- Real Estate: Starting at US$300,000
Processing Time: 4 to 6 months
Visa-Free Travel: Access to over 140 countries, including the UK, Schengen Area, Brazil, and India.
Why Choose a Caribbean CBI Program?
Two primary factors influence the attractiveness of a second passport: visa-free access and cost per passport. Caribbean CBI programs excel in both areas. These programs are also popular because of their transparency and minimal bureaucracy, making them an excellent choice for anyone looking for a quick and affordable way to acquire a second passport.
