Having citizenship in the Caribbean has become very popular, with more advertising and discussion of the benefits of a Caribbean passport being detailed on travel and business websites. While the countries and islands in the Caribbean are beautiful, the biggest reason why becoming a citizen of one of the islands is becoming so popular is due to the Caribbean CBI programs (Citizenship by Investment) available.
To understand why the Caribbean citizenship programs are the key to the region’s popularity, we’ve detailed the different Caribbean countries’ citizenship benefits and how to become a citizen yourself.
Who Offers Economic Citizenship in the Caribbean?
Out of the countries in the Caribbean, there are three primary nations that offer Citizenship by Investment programmes contributing to the region’s popularity:
Grenada
Out of the roads that lead to becoming a Grenadian citizen, such as marriage, the country’s economic citizenship programme is the fastest route to a passport. There are requirements, such as being at least 18-years old and having no criminal record, and the applicant must make an investment in either a government-approved real estate development or a national fund.
To read the full requirements and investor costs to become a Grenadian citizen, we strongly encourage you to read here: Grenada Citizenship by Investment | Range Developments
Dominica
Dominica’s CBI programme is known for its affordability and flexibility, as well as a more efficient way to gain citizenship and a passport than other means of becoming a citizen. As with any economic citizenship programme, there are requirements and costs associated with the process.
To learn about the fees and investment costs, as well as requirements an investor must meet, we strongly encourage you to read here: Dominica Citizenship by Investment | Range Developments
St. Kitts & Nevis
The two-islands nation offers the oldest Citizenship by Investment programme in the Caribbean and give two routes to become a citizen through it, an investment in a government-approved real estate development or a donation into a government fund. As with Grenada and Dominica, there are requirements and associated costs that the investor must fulfill before the application can be approved.
To learn about the investment costs and the application process, we strongly encourage you to read here: St Kitts Citizenship by Investment | Range Developments
Advantages of Investment Caribbean Citizenship Programs
Most people interested in becoming a Caribbean citizen choose the real estate investment route as it allows the investor to resell their share and recoup the costs initially spent. Beyond those major benefits, there are advantages given to the citizens of all three Caribbean countries:
Grenada
The greatest benefit to Grenadian citizenship is access to the US E2 Visa, which allows the holder to live and work in the United States as well as open a business or expand into the U.S. To read more about the many benefits of having an E2 visa, we encourage you to read here: E2 Visa – Learn About The E2 Investor Visa Available In Grenada
Other benefits given to Grenadian citizens include:
- Efficient taxation that helps grow your wealth
- Visa-free travel to over 140 countries, including the United Kingdom, the Schengen countries, China and others
- Citizenship for life that extends to your descendants and dependants.
- Allows for dual citizenship
Dominica
Dominica has a wide array of advantages given to an investor once they’ve gained citizenship, including:
- Visa-free travel to over 140 countries
- Allows for dual citizenship
- Citizenship for life for the applicant, their dependents, and their descendants.
- No residency required
- Efficient taxation that helps grow your wealth
St. Kitts & Nevis
The advantages of holding citizenship in St. Kitts include many benefits that are shared by other Caribbean countries, though their passport will grant you access to different nations than the others. The benefits of successfully applying to the St. Kitts Citizenship by Investment programme include:
- Greater global mobility via visa-free travel to over 140 countries, including the United Kingdom, Singapore, and the Schengen countries.
- Efficient taxation that helps grow your wealth
- No residency requirements
- Citizenship for life for the applicant’s dependents and descendants
- Can hold dual citizenship
Citizenship by Investment via a Real Estate Investment
For the reasons detailed above, this is why citizenship in the Caribbean is so popular and growing even more so. It’s important, if you want to secure a passport from any of these countries, to work with a trustworthy CBI developer that has a successful track record with their developments. We at Range Developments have a productive relationship with the governments of St. Kitts, Grenada, and Dominica, allowing us to ensure a simple and efficient process for our investment clients.
To learn more about our luxury resorts as an investment opportunity, we strongly encourage you to read about each CBI development listed below:
Park Hyatt St Kitts – A Luxury 5-Star Resort From Range Developments
Cabrits Resort & Spa Kempinski – A CBI Program in Dominica
Six Senses La Sagesse – A Grenada Citizenship by Investment Program
If you’re ready to experience what makes Caribbean citizenship so popular for yourself, you can contact one of our Citizenship by Investment representatives below