Citizenship by investment (CBI) programs allow individuals to obtain citizenship in a foreign country in exchange for an investment in that country’s economy.
While there are many different CBI programs available, some are easier to obtain than others. Here is a list of some of the easiest countries to get citizenship by investment in 2023:
St. Kitts and Nevis:
The St. Kitts and Nevis CBI program is one of the oldest and most successful programs in the world. It offers three main investment options: a real estate investment, a contribution to the country’s Sustainable Growth Fund (SGF), or investment in the Public Good Project Developer (PGDP). The investment starts at $150,000 and varies depending on the investment type you choose.
The application process is straightforward and can typically be completed in just a few months. There is no requirement for applicants to reside in the country before or after obtaining citizenship, and there is no need to pass a language test or meet any education or work experience requirements. Additionally, there is no requirement for applicants to renounce their current citizenship in order to obtain St. Kitts and Nevis citizenship.
Dominica:
The Dominica CBI program is known for its simplicity and affordability. It offers two main investment options: a real estate investment or a contribution to the Economic Diversification Fund (EDF). The real estate option requires a minimum investment of $220,000 in a government-approved real estate project, while the EDF option requires a minimum contribution of $100,000. The application process is straightforward and can typically be completed in just a few months. There is no requirement for applicants to reside in the country before or after obtaining citizenship, and there is no need to pass a language test or meet any education or work experience requirements. Dominica allows dual citizenship and also grants citizenship by descent.
Grenada:
The Grenada CBI program is another popular and affordable option. It offers three main investment options: a real estate investment, or a contribution to the National Transformation Fund (NTF). The real estate option requires a minimum investment of $350,000 in a government-approved real estate project, while the NTF option requires a minimum contribution of $150,000. Grenada citizenship by investment program has a very simple process which usually takes a few months. In most cases, the citizenship is granted within 3-6 months.
The program has no requirements for any language test or minimum education. Furthermore, there is no prerequisite for any management or education experience. Grenada CBI program allows dual citizenship and inclusion of your dependent family members in the application process.
Antigua and Barbuda:
Touted as the land of 365 beaches, Antigua and Barbuda citizenship by investment program is among the top desired Caribbean CBI programs. The Antigua and Barbuda CBI program offers investment options through contribution to the National Development Fund or contribution to the University of West Indies (UWI) Fund. For NDF, the contribution required for a single applicant or family of 4 is $100,000 whereas for UWI fund, it is $150,000 for a family of 6.
The application process takes a few months and the citizenship is granted within 3-6 months. Residency requirement for Antigua and Barbuda CBI program is very minimal. The program allows dual citizenship and inclusion of dependent children under the age of 30 and parents as well as grandparents, above the age of 55.
St. Lucia:
CBI program in St. Lucia is generally considered to be a popular option among individuals seeking a second citizenship. St. Lucia’s CBI program offers several advantages that make it attractive to potential applicants. CBI program in St. Lucia is relatively quick and straightforward, with processing time of around 3-4 months.
Investment in St. Lucia citizenship can be made through contribution to National Economic Fund, created specifically for CBI purpose, where the minimum amount required for a single applicant is $100,000. Another option for investment includes, non-interest government bonds. If you choose to invest in these bonds, they should be registered in your name and the holding period is 5 years. The amount required for single applicant is $500,000. You can even invest in government-approved real estate where the minimum investment requirement is $300,000.
St. Lucia citizenship by investment allows dual citizenship and the citizenship is granted for a lifetime. There is no residency requirement and you aren’t needed to visit St. Lucia during the application process.
CBI programs in general have gained popularity in recent years as a way for individuals to gain citizenship in another country and access the benefits that come with it, such as the ability to travel and work freely, access to education and healthcare, and potential tax advantages. However, CBI programs involve a detailed process and it is best to seek expert assistance so that your application is processed effectively.
To know how you can proceed with the citizenship by investment program, reach out to one of our experts at +971 4 512 4444 or visit https://aaa-international.com/