High-net-worth individuals around the globe are showing great interest in citizenship by investment programs whereby they get to acquire a second passport in a foreign country and avail of numerous other benefits.
Citizenship by investment programs involve a substantial investment in the host country’s economy or real estate market, and in exchange, offer a range of benefits to the investor including visa-free travel, tax benefits, and access to better healthcare and education.
These programs in general offer several benefits to the prime applicants. However, there are certain citizenship by investment programs that offer benefits for your siblings also.
In this blog post, we’ll explore what these programs are, what benefits they offer, and why they might be worth considering for you and your family.
Firstly, let us understand how citizenship by investment programs benefit your siblings.
While most citizenship by investment programs offer benefits for the investor and their immediate family members (spouse and children), some programs also include benefits for the investor’s siblings. These benefits can include:
Residency or citizenship:
Some citizenship programs allow your siblings to also obtain residency or citizenship in the country, either as part of the same investment or through a separate investment.
Education benefits:
These citizenship programs even offer discounted or free education for your siblings at top schools and universities in the country.
Healthcare benefits:
With certain citizenship programs, your siblings can also get access to top-quality healthcare.
Business opportunities:
They even stand a chance to invest in new businesses in the country and gain long-term financial benefits.
Now, let us have a look at the citizenship by investment programs that come with benefits for your siblings.
1. St. Lucia Citizenship by Investment
Among the most popular citizenship by investment programs, the St. Lucia citizenship by investment program allows you to include your dependent siblings in your second citizenship application.
The qualifying criteria for including siblings are:
- an unmarried sister or brother of the applicant
- age should be below eighteen years
- should have the consent of his or her parent or guardian for the citizenship application
2. Dominica Citizenship by Investment
Popular as the ‘Nature Island’, Dominica is one of the most sought-after Caribbean nations for citizenship by investment. The Dominican passport is even considered among the strongest passports because of the great travel freedom it brings along.
To include your siblings in the Dominica citizenship application, the following conditions need to be fulfilled:
- age should be above 18, if under 18 then a consent receipt from parents, grandparents, or guardian is mandatory
- you can include your biological or adopted sibling
- the sibling should be dependent on you
- sibling should be single and childless
3. Antigua & Barbuda Citizenship by Investment
Known as the ‘Land of 365 Beaches’, Antigua and Barbuda is a popular Caribbean nation where investors look for acquiring second citizenship. It allows you to enjoy travel freedom, tax benefits, access to high-quality healthcare, and more.
The Antigua and Barbuda citizenship program does allow the inclusion of siblings who are unmarried and dependent on the main applicant.
4. St Kitts and Nevis Citizenship by Investment
Rich with the natural landscape, St Kitts and Nevis also make an ideal destination for investors to get a second citizenship. The program also allows the inclusion of siblings in the citizenship application.
The criteria include:
- age should be below 30 years
- sibling has to be unmarried and childless
- the sibling needs to be financially independent
5. Grenada Citizenship by Investment
This Caribbean island country is the only one to have an E-2 Investor Visa treaty with the US which makes it a popular destination for investors who want to acquire US residency. The Grenada citizenship program also allows for the inclusion of siblings.
The criteria include:
- both biological or adopted siblings are eligible for application
- age should be 18 years or older
- sibling should be without a child and unmarried
Allow your siblings to explore their potential in a new country and benefit from the residency and citizenship programs.
To know further details about the citizenship by investment programs and what other benefits they can offer to your siblings, reach out to us at +971 4 512 4444 or visit https://aaa-international.com/