Interesting Facts About The Caribbean Citizenship By Investment Program
For entrepreneurs and wealthy individuals contemplating the citizenship by investment program in Dubai and wondering which one would benefit them the most, it is good to note that the Caribbean citizenship programs not only offer a better quality of life but also process your second passport quickly. The citizenship by investment program in the Caribbean is appealing as the countries have an established legal and regulatory framework, are all politically stable and operate on western style democracies.
The countries have a stable currency, they are located near central markets and travel can be easily arranged to the United States, Canada and Europe. The second passport can be obtained in just 4 months, once proper background checks have been performed.
The Antigua citizenship by investment program was established in 2012 and has since received a majority of applications from individuals in the Middle East and China. Approved applicants will contribute towards the National Development Fund and the contributions will be invested in education, infrastructure and national projects in Antigua and Barbuda.
The most competitive citizenship by investment program remains to be the one in Dominica which was established in 1993. The minimum investment that must be made to obtain a second citizenship is $200,000. With a Dominican citizenship, investors will not only obtain a second passport but also be able to receive more financial returns from their business ventures.
The Grenada citizenship by investment program is the only Caribbean program that offers visa-free travel to China. Grenada is also the only program that has an agreement with the United States in the form of its E-2 investor visa-treaty and also allowing citizens of Grenada to be eligible for a non-immigrant visa in the United States.
The St. Kitts and Nevis citizenship by investment program is the oldest program and was established in 1984. By the end of 2015, the program had granted a second passport to over 10,000 applicants. The St. Kitts and Nevis program has a broad appeal and recently restructured the program by tightening its process on due diligence.
The newest citizenship by investment program was launched in 2015 in Saint Lucia. The program appeals to an exclusive audience and is ideal for those who would like to travel to over 120 countries including the UK, Singapore and Schengen countries.