Most high-net-worth individuals and investors are seeking second citizenship these days because of the opportunities and freedoms it brings. There are several credible Caribbean CBI programs available, out of which Dominica and St. Lucia are two of the most popular programs, both competing for your investment. So, how do you know which of these CBI programs is right for you?
Brief Idea (Subtopics Covered)
Benefits of Caribbean CBI Programs:
Dominica Citizenship by Investment Program Overview:
Dominica’s citizenship program boasts a rather simple application process, and it is one of the quickest and most affordable options for people interested in obtaining citizenship by investment. To get citizenship, an investor has to contribute at least $100,000 for a single applicant, to the government fund, which is non-refundable; or invest in the pre-approved real estate of at least $200,000 value.
St. Lucia Citizenship by Investment Program Overview:
St. Lucia’s Citizenship by Investment Program is for investors who want an easy path to a Caribbean passport and gain the above-mentioned opportunities. This program has more varied opportunities for investment, adapted to a large number of potential investors. There are government consolidated fund contributions (for a single applicant the amount is at least USD 100,000) and approved real estate development (the amount of investment is at least USD 300,000), St. Lucia also offers investment in the approved national bonds of the state (the minimum amount is USD 600,000). Real estate investment is suitable for investors who wish to have a wider variety of investments apart from citizenship.
Dominica vs. St Lucia: A comparison
Here are some key factors you should consider when choosing between the two programs CBI programs:
Conclusion:
The information above is to get you started on the right path. Overall which CBI program is suitable for you depends on your priorities and circumstances. You need to take into consideration your financial capacity, investment preferences, your preferred processing time, and your travel goals.