Investing in Citizenship

Share article
  • 483
    Shares

The Caribbean, lauded for its beauty, charm and effervescent people, is not only a great place to vacation, but also to invest. The region boasts of political stability, good legal and regulatory frameworks and an excellent quality of life.

Currently, five Caribbean nations offer citizenship by investment, this is a programme where full citizenship can be acquired in exchange for an economic contribution.

Citizenship by investment though non-traditional is an economic programme developed in the 1980’s by St. Kitts and Nevis, with other Caribbean islands following in later years. Citizenship by investment has become increasingly popular, with the most recent programme being introduced by St Lucia in 2015.

Citizenship by investment requires investors to contribute to the development of a country by investing in real estate or national projects as outlined by each specific government. Investors are granted citizenship once they have successfully undergone the necessary due diligence procedures and background checks. Families are also eligible for citizenship upon the payment of processing fees per applicant.

Citizenship benefits include access to the Caribbean Community (CARICOM) and visa free travel to over 100 countries including the United Kingdom and Schengen area.

St Kitts and Nevis Guidelines:

  1. Charity donation of minimum US$ 250,000to the Sugar Industry Diversification Foundation + payment of processing fees; or
  2. Real Estate Investment with a value of at least US$ 400,000 + payment of various registration and other fees
  3. Additional fees apply for any accompanying family members

To note:

  • Oldest programme in the world, most established
  • Click here to read more.

Dominica Guidelines:

  1. US$ 100,000 USD contribution to the Development Fund
  2. Real Estate Investment with a value of at least US$ 200,000

To note:

Has the lowest minimum investment

  • Click here to read more.

Grenada Guidelines:

  1. A contribution to the National Transformation Fund; or
  2. An investment in an approved project (real estate) in Grenada

To note:

  • Only Caribbean citizenship by investment programme with visa-free access to China
  • Click here to read more.

Antigua and Barbuda Guidelines:

  1. Minimum US$200, 000 contribution to the National Development Fund; or
  2. Investment in real estate at a value of at least US$ 400,000; or
  3. Investment in an approved business
  4. Plus additional processing fees and due diligence fees

To note:

  • Click here to read more.

St. Lucia Guidelines:

  1. Minimum US$ 100,000 investment to Saint Lucia National Economic Fund; or
  2. Minimum investment of US$ 300,000 in an approved real estate project; or
  3. Minimum investment of US$ 3,500,000 in an approved enterprise project; or
  4. Minimum investment of US$ 500,000 in government bonds

To note:

  • Newest program
  • Four unique investment platforms
  • 3 months processing time
  • Click here to read more.

What about Barbados?

While a citizenship by investment programme does not exist in Barbados, opportunities for investors to reside on the island still exist.

The ‘Special Entry and Reside Permit’ (SERP) is available to individuals who own substantial property or have made a substantial investment in the country. The investment must be a minimum of US$2 million with funds sourced outside of Barbados and not subject to any mortgage. The permit is valid for 5 years with the ability to renew and gives the individual the right to reside in Barbados. Work permits must be applied for separately.

The ‘SERP’ is also available to High Net Worth Individuals (HNWI) whose net worth exceeds US$5 million.

 

Sources:

Share article
  • 483
    Shares

Marie-Ange Symmonds

Marie-Ange Symmonds is an International Development graduate who is currently pursuing an LLB student at Queen Mary, University of London. Marie-Ange has a passion for regional trade policy and development in the Caribbean. This summer, she will be researching some of her interests including access to gender justice, looking beyond regional economic integration and citizenship by investment.

Marie-Ange Symmonds has 2 posts and counting. See all posts by Marie-Ange Symmonds

One thought on “Investing in Citizenship

Leave a Reply