The Citizenship by Investment programs in Dominica and St. Kitts are celebrated throughout the world for the advantages they give applicants and the opportunities the benefits provided. Choosing which Caribbean citizenship to apply for can be difficult as both CBI programs have significant differences that may not be the right fit for a particular investor. To help guide investors to choose the right economic citizenship program, read below and see how the programs in St. Kitts and Dominica compare.
Dominica Citizenship by Investment Overview
Created in 1993, the Dominica CBI program is one of the most coveted economic citizenship opportunities due to the enormous advantages it provides applicants and how the investment benefits portfolios. The Citizenship by Investment program allows investors from other nations to gain citizenship in Dominica by making an investment in a government-approved real estate development and fulfilling the application requirements.
The Dominica Citizenship by Investment process is completed in four simple steps:
- Sales & Purchase agreement: sign an agreement and submit your deposit
- Application & Fees: both the processing fees, due diligence, and other applicable fees must be paid at this stage.
- Processing & Payment: The application process can take up to 120 days. The main applicant or investor then pays the remaining balance of USD 198,000 and applicable Dominica government fees.
- Closing & Transfer of Passports: Proof of ownership will be submitted to the Dominica government and you will receive your passport.
The requirements to successfully apply for Dominica citizenship include:
- The main applicant must be 18 years old or older
- Not to have been convicted in any country of an offense and provide evidence of such
- Not to be the subject of a criminal investigation.
- Not to have been denied a visa to a country with which Dominica has visa-free access.
- The main applicant must prove that they have enough funds to make the required investment and prove the legal source of these funds.
- Providing other documentation such as employment and business documents, ID, and proof of address
St. Kitts Citizenship by Investment Overview
St. Kitts and Nevis’s Citizenship by Investment program offers its own set of benefits that deliver ample advantages to investors. In St. Kitts & Nevis, there are two ways the main applicant can secure citizenship, via a government-approved real estate project or a non-refundable donation to a government fund. In either case, whether you apply for economic citizenship via the real estate route or make a non-refundable donation to the fund, an applicant must meet the following requirements:
- Be over 18 years of age
- Have a clean criminal record/undergo a background check
- Have outstanding character and have sufficient funds as demonstrated via bank statements and references
- Be financially capable of making the investment and paying the due diligence fees
- Work with an authorized agent to move forward with your application
The St. Kitts Citizenship by Investment process itself is completed in four simple steps:
- Sales & Purchase agreement: sign an agreement and submit your deposit
- Application & Fees: paying the processing fees, due diligence fees and other applicable fees and submitting the necessary documents.
- Processing & Payment: the application process can take up to 120 days. Upon approval of citizenship, the main applicant then pays the remaining balance and applicable St. Kitts government fees.
- Closing & Transfer of Passports: proof of ownership will be submitted to the St. Kitts government, and you will receive your passports.
Benefits of St. Kitts and Dominica Citizenship
Both Dominica and St. Kitt’s Citizenship by Investment programs offer benefits that provide enormous opportunities to investors and their families:
St. Kitts and Nevis CBI Benefits
- Visa-free travel to over 140 countries, including the United Kingdom, Schengen countries, Singapore, and many more.
- Citizenship for life for the applicant making the investment and their family, as well as their descendants.
- Efficient taxation allows the investor to grow their wealth through the investment.
- Dual citizenship is allowed
- No minimum stay is required for citizenship.
Dominica CBI Benefits
- Visa-free travel to over 120 different countries.
- The main applicant can include an unlimited number of eligible dependents, passed down to generations without being required to visit or reside on the island.
- The applicants benefit from this tax-efficient jurisdiction by having the opportunity to grow their wealth through their investments.
- Dual citizenship is allowed
- No minimum stay is required for citizenship.
Cost of Both CBI Programs
As both programs are designed around investments that benefit the citizens of Dominica and St. Kitts, each has its associated costs that reflect an applicant with a family of four (including themselves):
The Cost of St. Kitts CBI
- Cost of share: $220,000
- Government fees for the main applicant, a spouse, and 2 dependents: $50,000
- Due Diligence fees: $10,000
- Share registration fees: $6,000
- Government processing fees: $4,000
- Passport fees: US $1,000
- Oath of Allegiance: US $80
- Total Cost: $299,880
The Cost of Dominica’s CBI
- Cost of share: $220,000
- Government fees for the main applicant, a spouse, and 2 dependents: $35,000
- Due Diligence fees: $11,500
- Share registration fees: $8,800
- Government processing fees: $1,000
- Certificate of Naturalization, including stamp fees: $1,000
- Total cost: $277,300
Caribbean Citizenship Opportunities with Range Developments
We at Range Developments have extensive experience guiding our investors through the Citizenship by Investment process and have productive relationships with the governments of Dominica and St. Kitts. We provide the opportunity to secure citizenship in either country through several award-winning luxury resorts we’ve developed:
Port Cabrits, Dominica From Range Developments
If you have any questions or concerns, we encourage you to speak with one of our CBI representatives by using the button below.