An Investor’s Guide to the Best Caribbean Second Passport Programs
Caribbean second passport programs have gained a lot of attention from investors around the globe because of the advantages they bring along. The Caribbean second passport primarily provides you with global mobility, tax efficiency, business opportunities, better economic stability, and political safety.
When it comes to Caribbean second passport programs, you not only gain access to financial advantages but also get to live close to nature.
The Caribbean countries are all blessed with scenic beauty and stunning landscapes. Their peaceful ambience and the potential they bring along for high-net-worth individuals make them an ideal place to live in.
You can choose from the 5 most popular Caribbean second passport programs based on your needs.
In this blog, we will discuss all the Caribbean citizenship by investment programs to help you understand what each of the countries has to offer and how their second passport will cater to your needs.
Grenada Citizenship by Investment Program
Grenada citizenship by investment program was established in 2013 by the Grenadian government to boost the country’s economy with thriving industries like tourism and food export. Furthermore, Grenada is the only Caribbean nation to have the E-2 investors visa treaty with the US. So, if you are someone looking for US citizenship in the future, the Grenada second passport can be the pathway for it.
You can get Grenada citizenship by contributing US$200,000 to the Government National Transformation Fund of Grenada or by investing US$ 350,000 in pre-approved real estate.
Benefits of Grenada Citizenship
Fast-track process
Visa-free & visa on arrival to 140 plus countries
Allows dual citizenship
Provision to transfer the citizenship
No residency required
Include dependent children, parents, and grandparents
No tax on income
Antigua & Barbuda Citizenship by Investment Program
The newer among other Caribbean second passport programs, Antigua and Barbuda citizenship by investment program was launched in 2013. The program is extremely popular among investors for the host of benefits it offers. The country is also known as the land of beaches and has an untouched natural beauty. The citizenship program allows you to live in this beautiful country amidst nature while enjoying numerous benefits.
To acquire citizenship, you can make a contribution of US$100,000 to the National Development Fund or make an investment of US$ 150,000 in the University of West Indies (UWI) Fund.
Benefits of Antigua & Barbuda Citizenship
Visa-on-arrival to 150 countries
Quick application process
No tax on income, wealth, and inheritance
Minimum residency requirement
Dual citizenship is allowed
St Kitts & Nevis Citizenship by Investment Program
Known among the oldest citizenship by investment programs, St Kitts & Nevis second passport program is one of the most sought-after ones in the Caribbean. It is even known as the ‘platinum standard brand’ in the global CBI programs. The program was launched in 1984 and has been in great demand ever since its conception. The second passport of St Kitts and Nevis brings many benefits including higher living standards, excellent healthcare, and education system, business opportunities, and excellent infrastructure.
To get St Kitts and Nevis passport, you can either contribute to the Sustainable Growth Fund (US$150,000) or make a minimum investment of US$175,000 to the Public Good Project Developer (PGPD) or investment of US$ 400,000 in approved real estate.
Benefits of St Kitts & Nevis Citizenship
Travel visa-free or visa-on-arrival to 155-plus countries
No residency requirement
No tax on income, inheritance, or wealth
Citizenship for a lifetime
Faster processing time
Dominica Citizenship by Investment Program
Known among the most stunning Caribbean islands, Dominica citizenship by investment program was launched in 1993 to boost the country’s economy further. As a growing economy, Dominica has a lot to offer to investors and businessmen. The country has lots of prospects to help investors maximize their return on investment. Moreover, it is a member of prestigious organizations like CARICOM, the UN, the Commonwealth of Nations, and many other international organizations. To acquire the Dominica passport, you can invest in approved real estate (single application amount US$200,000) or contribute US$100,000 to Economic Diversification Fund (EDF)
Benefits of Dominica Citizenship
Enjoy global mobility
Excellent business opportunities
Citizenship by descent
Dual citizenship is accepted
No requirement for a minimum stay
No tax on wealth or inheritance
St Lucia Citizenship by Investment Program
Located in the eastern Caribbean Sea, St. Lucia is a volcanic island covered in beautiful rainforests. It lies in the northwest of Barbados and south of Martinique. St Lucia is famous for its scenic beauty, stunning mountain ranges, and twin peaks — the Pitons, being the most famous peaks of St Lucia. St. Lucia is also a member of the Commonwealth and CARICOM. It even has great air links to Europe and North America. The St Lucia citizenship by investment program was established in 2015 to boost the country’s economy further.
Launched in December 2015, St Lucia Citizenship by Investment is the newest one of the Caribbean citizenship programs. To be eligible for the program, you must be 18 years above, in good health, and without any criminal record. To acquire citizenship, you can choose any of the following:
National Economic Fund: Contribute US$ 100,000
COVID-19 Bond Relief: Single applicant amount US$250,000 with a 5-year holding period
Invest in Government Bonds: Single applicant amount is US$500,000 with a holding period of 5 years from the issue date
Invest in Pre-Approved Real Estate: Single applicant amount is US$500,000
Benefits
Citizenship for a lifetime
Travel visa-free to 140-plus countries
Dual citizenship is allowed
No residency or travel requirement to St. Lucia during the application process
No estate, inheritance, and worldwide income tax
Economic and social stability
Caribbean citizenship programs are all designed to provide you with the best return on your investment. Each program comes with its unique benefit and each country has something new to offer.
At AAA Associates, we help you through your second passport journey and assist you to choose the most feasible program.
To get more details on the best Caribbean second passport programs, reach out to one of our experts at +971 4 563 9500 or visit www.aaa-international.com
