It is common knowledge that the countries of the Caribbean are a vacationer's paradise due to the presence of both sandy beaches and pleasant weather. However, in addition to this, they also provide some of the world's top citizenship by investment programs, popularly known as golden visas.
Golden Visa
To put it another way, an investment program gives you the opportunity to make financial investments in a particular nation, after which you are eligible to apply for citizenship in that nation. The investment programs in the Caribbean are regarded as the best in the world because they provide a route to citizenship as soon as your investment is completed, in contrast to the requirements of other nations, which require you to spend a few years living in the country before you are eligible for citizenship.
However, depending on the country that you select, there are considerable variations between the many programs that are available. Continue reading to ensure that you choose the citizenship program that will benefit you the most.
CHECK OUT: Turkey Visa | Easy Steps To Apply
Analysis of the Caribbean Countries' Citizenship-by-Investment Programs
The following is a chart that compares and contrasts the various programs for Caribbean citizenship in exchange for financial investment:
| Antigua and Barbuda | Grenada | St. Kitts and Nevis | St. Lucia | |
| Minimum investment | USD 100,000 | USD150,000 | USD 150,000 | USD 100,000 |
| Maximum investment | USD 1.5 million | USD220,000 | USD 200,000 | USD 3.5 million |
| Citizenship | Immediately after your investment | Immediately after your investment | Immediately after your investment | Immediately after your investment |
| Residency requirement | Five days for the first five years of your investment | Not required | Not required | Not required |
| Application fees | USD 30,000 | USD 50,000 | USD 7,500 | USD 2,000 |
| Due diligence fees | USD 7,500 | USD 5,000 | USD 7,500 | USD 7,500 |
| Processing times | 3-4 months | 3-4 months | 90 days | 90 days |
| Visa-free countries | Over 160 countries | Over 150 countries | Over 160 countries | Over 150 countries |
| Dual citizenship | Yes | Yes | Yes | Yes |
| Family members | Yes | Yes | Yes | Yes |
List of Caribbean Countries that Offer Citizenship by Investment
The following is a list of the top Caribbean countries that offer programs leading to citizenship in exchange for an investment:
- Antigua and Barbuda
- Grenada
- Nevis and Saint Kitts are two different countries.
- Saint Lucia
Antigua and Barbuda
In order to obtain a second passport from Antigua and Barbuda, you are required to make a donation of at least one hundred thousand dollars to a National Development Fund. You will be issued a new passport for Antigua and Barbuda as soon as your application has been processed and the verification of your investment has been completed. You are allowed to bring your entire family along with you if you participate in this investment program; but, depending on the quantity of the investment, you may be asked to pay an increased sum.
Grenada
Grenada is another Caribbean nation that provides an opportunity to acquire a second passport in exchange for a little financial contribution. To participate in the second passport program offered by Grenada, applicants are required to make a contribution of US$150,000 to the country's general budget. However, the total amount you have to invest will go up if you have other members of your family apply at the same time as you, and you will also be responsible for paying any additional fees and costs associated with the additional family members' applications.
If you are able to increase your original investment to USD 220,000, you will be able to acquire real estate in Grenada and become eligible for the citizenship plan. When compared to the national investment and fees, the real estate alternative may prove to be the more cost-effective choice in the long run. Before making an investment of any kind, it is strongly recommended that you discuss the program in question with an authorized representative of that program in order to determine which program is the most appropriate for you.
Nevis and Saint Kitts are two different countries.
You have a choice between two different types of investments as part of the program for making investments in Saint Kitts and Nevis. You have the option of either investing a minimum of USD 150,000 into a government fund or purchasing a property of your choice (within the government-selected group of properties) with a minimum of USD 200,000 in order to qualify for the program.
If you select Saint Kitts as the location of your investment, you will be granted a second citizenship within ninety days of submitting your application for it. You can also involve members of your family in the process of applying for citizenship for themselves.
Saint Lucia
With a minimum investment of only US$100,000, Saint Lucia is one of the most affordable options for obtaining a second passport in the Caribbean. Either making an investment in a government-sponsored fund or purchasing a piece of property is necessary to meet the requirements for participation in this citizenship program. After submitting an application for St. Lucia's second passport, which typically takes up to ninety days to complete, you and the members of your family will eventually be granted citizenship on the island.
The advantage of St. Lucia's citizenship program is that it offers lesser costs when compared to other programs, despite the fact that the investment cost is the same as with other Caribbean countries.
CHECK OUT: Portugal Visa | Easy Guide To Apply
 |
| Travels |
Countries in the Caribbean That Offer Citizenship in Exchange for Financial Contributions
Both Anguilla and the Cayman Islands are examples of Caribbean nations that provide an opportunity to obtain citizenship in exchange for financial investment. This indicates that you are required to fulfill a residency requirement before obtaining your passport, in contrast to the situation in other Caribbean countries, where you acquire your passport immediately after making your investment in the country.
The following is a comprehensive analysis of the two different residency programs:
| Anguilla | Cayman Islands | |
| Minimum investment | USD 150,000 | USD 1.2 million |
| Maximum investment | USD 750,000 | USD 2.4 million |
| Citizenship | After five years | After five years |
| Residency requirement | Five years | Five years |
| Application fees | USD 3,000 | USD 600 |
| Due diligence fees | USD 7,500 | N/A |
| Processing times | 3 months | 3 months |
| Visa-free countries | Over 180 countries | Over 180 countries |
| Dual citizenship | Yes | Yes |
| Family members | Yes | Yes |
Anguilla
You have a number of investment opportunities to choose from within Anguilla's investment program for citizenship; however, the one that will cost you the least money is an investment in a national fund that requires a minimum of one hundred thousand United States dollars. You can, of course, go with one of the other choices, such as the business plan requiring an investment of $1.5 million, the real estate investment requiring an investment of $400,000, or the university fund requiring an investment of $150,000; however, this is something you should only do if you are in a position to afford it.
Following the completion of your investment in Anguilla, you will be eligible to apply for permanent residency. After five years, you are eligible to apply for an Anguillan passport; however, you must first meet the residency requirement of five days in total.
The Islands of the Cayman Group
For the time being, the Cayman Islands' residency program only allows applicants to choose to do so if they have purchased property on the islands. You are required to make an investment of at least $2.5 million USD in a property that has been approved on the islands. You will need to satisfy the residency criteria in order to become a citizen of Antigua and Barbuda, unlike Anguilla, where citizenship can be granted instantly upon investment.
You are eligible to apply for citizenship and become a British overseas resident once you have lived in the country for a period of five years.
Check out for more information on the Cayman Islands residency program and its standards for residents to meet.
Which Caribbean nation offers the most straightforward path to citizenship through investment?
Citizenship in any of the Caribbean nations can be obtained through financial investment with relative ease. However, you won't have to satisfy a residency requirement in order to work in Grenada, St. Kitts, or St. Lucia, which makes the process significantly simpler compared to those of the other countries. However, this will depend on what you are seeking for in a citizenship program; the program that is most suitable for you will vary greatly depending on your current level of financial stability.
What is the Caribbean nation that offers the quickest path to citizenship through investment?
The processing duration for St. Lucia's citizenship by investment program is under ninety days, making it the quickest program available. Antigua and Grenada have the second- and third-quickest programs, respectively; but, if your investment is in real estate, the processing timeframes will likely be lengthier. St. Lucia has the fastest program overall.
Should I Look Into Becoming a Citizen of the Caribbean Through One of Their Programs?
If you have the means to make an investment in a citizenship program in the Caribbean and you are interested in obtaining a second passport, there is no justification for you not to make an application for one of those passports. You can become a dual citizen and obtain consular protection from both nations if you have a second passport, which will allow you to travel without a visa to more than 150 countries. Additionally, you will have access to visa-free travel.
Related Search: International Travel Insurance
Disclaimer: This is NOT the official scholarship page. This is only a one-page summarized listing of the scholarship. While we endeavor to keep the information up to date and correct, information may change at any time without notice. For complete and updated information, please always refer to the official website of the scholarship provider. Any reliance you place on information from scholarzone.com.ng is strictly at your own risk. Please read our Privacy Policy for more information.
.png)
0 Comments