Did it happen to you that you wanted to emigrate to another country but there were so many options that you didn't know which one best suited your needs? Today we are going to compare three of the most powerful residency by investment in the Caribbean so you can choose what is the best option for you.
This country is situated in the West Indies in the Caribbean, making the island nation set in an idyllic location and therefore popular for both tourists and expats from across the world.
Not only this, but also being close to the North American continent and with reliable air links to Europe, Grenada is located very handily for business people and families looking to make the move abroad.
Grenada is the only Caribbean country which holds the coveted E-2 visa treaty with the US giving you visa-free access to 143 countries, including EU & U, allowing citizens to apply for a non-immigrant visa and reside there. In only 3 to 4 months you will be granted the passport. In addition to this no physical residency is required with an option to obtain a Grenadian passport remotely.
Contribution option: If you choose this option, to qualify for citizenship as a single applicant you will be required to make a government donation of $150,000
Real Estate Option: One of the options available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved project. Currently, these projects encompass real estate developments such as hotels, villas, and resorts. Applicants opting for the approved project (real estate) route must invest at least USD 220,000. They must keep the real estate for at least five (5) years following the grant of citizenship.
Dominica is a mountainous, forested Caribbean island nation with a year-round tropical climate, national parks, rare indigenous birds and the second-largest boiling lake in the world. It has significant tourism potential, but poor infrastructure and the absence of a large airport have impeded the industry's growth.
The peace and quiet, the fresh air, the colours, the heritage, and the embrace of nature, all combine to make Dominica an inspirational place for writers, artists, photographers and researchers. Unlike mainstream Caribbean islands, Dominica does not have sprawling and crowded beach resorts.
To qualify for Dominica citizenship by investment under this option, this non-refundable monetary contributions must be made to the Economic Diversification Fund depending on with how many people you want to apply:
Single applicant: USD $100,000.
Main applicant and spouse: USD $150,000
Main applicant, spouse, and up to 2 children: USD $175,000.
Additional dependents : USD $25,000 each.
Eligible siblings 18 to 25 : USD $50,000 each.
For this option you must buy approved real estate in the country for at least USD $200,000 and maintain ownership for a minimum of three years. If you maintain ownership for five years, you are eligible to re-sell the property under the citizenship by investment program.
St. Lucia lies in the eastern Caribbean Sea, northwest of Barbados and south of Martinique. A volcanic island mostly covered in rainforest, it is famous for its twin peaks and its magical beaches. Also this country is a member of the Commonwealth and CARICOM and has excellent air links to Europe and North America.
The St. Lucia Citizenship by Investment Program provides investors with the opportunity to make a contribution to the government or an approved enterprise, or to invest in an attractive real estate development. In addition to this it gives you access to 146 countries due to their Visa. Also this process is very fast, you would have your passport in less than 6 months with no physical presence to apply.
Non-refundable contribution: This would be made to the National Economic Fund. For this the amount of investment you would have to pay is $ 100K plus processing and Due Diligence fees.
Investment in real estate: The Government of Saint Lucia has approved a list of real-estate projects which investors can purchase for the purpose of obtaining citizenship. The investment is from $300K and you have to hold it for at least 5 years.
Investing into government bonds: For this the Investment amount starts from $250,000 to $300,000. You would have to hold it for at least five to seven years and fortunately after the expiry of the holding period of the bonds the full amount of the bonds will be refunded.
So, if you are interested in finding out more about citizenship by investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
Also, if you want to access our other great content, subscribe to our YouTube channel! At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.