Why Caribbean Citizenship Is So Popular

Comparison and benefits of the Caribbean citizenship by investment programs
Comparison and benefits of the Caribbean citizenship by investment programs

A Caribbean passport allows one to visit at least 140 countries without a visa including the Schengen area, the UK, Singapore and Hong Kong. With citizenship of a Caribbean country, It is also easier to obtain a long-term visitor visa to the United States. Learn what other opportunities there are for investors, how much it costs to get citizenship and whether it is possible to get the money back.

Investors receive a second citizenship by investing in the economy of one of the five Caribbean countries: Dominica, Antigua and Barbuda, Saint Lucia, St Kitts and Nevis and Grenada. An investor can make a contribution to a government fund or buy real estate, open a business or purchase government bonds. The starting investment amount is $100,000.

In this article, you will learn what the benefits are of a Caribbean passport, how to get one and how much it will cost to obtain passports for the whole family. Moreover, you will see what kind of real estate exists in the Caribbean and how much it costs.

Benefits of Caribbean citizenship

In addition to the freedom to travel visa-free with a Caribbean passport, the investor gets a lot of new opportunities:

  • move quickly to another country under unforeseen circumstances;
  • obtain citizenship immediately for the whole family;
  • register a company and do business in another country;
  • optimize taxes;
  • open an account with an international bank;
  • give children a prestigious British education. Citizens receive benefits when applying to some UK universities as Caribbean countries are part of the Commonwealth of Nations.

Cost of Caribbean citizenship

Citizenship in the Caribbean can be obtained for a minimum investment of $100,000 and in three to six months. It is fast and inexpensive: in comparison, to become a citizen of Malta, investors need to contribute at least €690,000 and spend one to three years in a resident status.

Country Investment sum Investment options Term of obtaining citizenship
Dominica $100,000+ Non-returnable contribution to the Economy Diversification Fund 2 to 6 months
$200,000+ Purchase of real estate
Grenada $150,000+ Non-returnable contribution to the National Transformation Fund 4 to 6 months
$220,000+ Purchase of real estate
Antigua and Barbuda $100,000+ Non-returnable contribution to the National Transformation Fund 3 to 6 months
$150,000+ Non-returnable contribution to the University of the West Indies Fund — for a family of 6 people and more
$200,000+ Purchase of real estate
$1,500,000+ Investments in business
St Kitts and Nevis $150,000+ Non-returnable contribution to the Sustainable Development Fund 3 to 6 months
$200,000+ Purchase of real estate
Saint Lucia $100,000+ Non-returnable contribution to the National Economic Fund 3 to 4 months
$300,000+ Purchase of real estate
$250,000+ Purchase of government bonds
$3,500,000+ Investments in business

In addition to the basic investment sums, there are additional costs: government fees, duties and a Due Diligence fee. The cost of these services differ in each program.

Here is an example of additional costs for participation in the Antigua and Barbuda investment program.

If the applicant chooses the option with investments in a state fund, the government fees will be $30,000 for one investor and families of up to four people. For each additional dependant, you need to pay an extra $15,000.

A Due Diligence check will cost $15,000 for spouses, $2,000 for a child from 12 to 17 years old and $4,000 for each dependant over 18 years old.

Invest in Caribbean real estate and get the money back in five years

To obtain Caribbean citizenship, one can invest in government-approved real estate. Typically, applicants are asked to buy shares or apartments in hotel complexes.

Prices on shares range from $200,000 to $400,000. Apartments are more expensive — up to several million dollars. A square meter of apartments in a hotel costs from $5,000 to $8,000.

Under the terms of citizenship by investment programs, real estate must be owned for three to seven years. After that, it can be sold with the investment returned.

Examples of Caribbean real estate

Real estate in Antigua and Barbuda for purchase under the citizenship by investment program

A share in a beachfront hotel in Antigua and Barbuda. The share price is $200,000

Real estate in St Kitts and Nevis for purchase under the citizenship by investment program

A villa with a dock in St Kitts and Nevis. The total area of the villa is 302 m², the price is $2,500,000

Real estate in Grenada for purchase under the citizenship by investment program

A share in a beachfront hotel in Grenada. The share price is $350,000+

Real estate in Antigua and Barbuda for purchase under the citizenship by investment program
Real estate in St Kitts and Nevis for purchase under the citizenship by investment program
Real estate in Grenada for purchase under the citizenship by investment program

Visa-free destinations for citizens of a Caribbean country

Caribbean citizenship allows one to obtain a B-2 visa in the United States valid for 10 years. It is possible to apply for a visa at any US consulate, and the issuance time is 2 to 3 weeks. Grenada citizenship provides additional opportunities for visa-free travel and life in the United States.

A Caribbean country Number of visa-free destinations
St Kitts and Nevis 157 countries
Antigua and Barbuda 151 countries
Grenada 144 countries, including China
Opportunity to get the E-2 visa to the USA
Saint Lucia 146 countries
Dominica 143 countries

How to get a Caribbean citizenship

To obtain a Caribbean citizenship, an investor does not need to pass a language or history exam, apply for a residence permit, or come to the country for passports. The only thing is, in Antigua and Barbuda, it is mandatory to visit the country for 5 days during the first 5 years of citizenship. All countries conduct mandatory Due Diligence.

Citizenship for the whole family

Together with the investor, family members can obtain a Caribbean passport: spouse, children, parents, grandparents, brothers and sisters. The cost of their participation in the program depends on the country and the investment option. In the table, we will show the minimum investment amount using the example of a non-refundable contribution to the country’s economy.

Country Investor
with spouse
Spouses with kids of 10
and 19 years of age
Spouses with kids of 10, 19 and 22 years of age
Antigua and Barbuda $100,000 $100,000 $125,000
Dominica $150,000 $175,000 $190,000
Grenada $200,000 $200,000 $225,000
Saint Lucia $140,000 $150,000 $165,000
St Kitts and Nevis $150,000 $150,000 $160,000

Frequently Asked Questions

Citizenship by investment in the Caribbean can be obtained in Grenada, Antigua and Barbuda, Dominica, St Kitts and Nevis, Saint Lucia. The citizenship will be granted in 2 to 6 months, the period depends on the program of a particular country.

With a Caribbean passport, you can travel without visas to the Schengen countries, as well as to the UK, Hong Kong and Singapore. In terms of travel, Grenada especially stands out: its citizens can visit China without a visa, as well as apply for an E-2 business visa to the United States.

The Caribbean countries provide beneficial taxation. For example, Grenada has no taxes on inheritance, gift, capital gains and income earned abroad. In addition, if an investor becomes a tax resident of a Caribbean country, it is easier for him to open accounts with European banks and conduct international business.

The Caribbean countries are a part of the British Commonwealth of Nations. This opens up additional opportunities for the investor's children: they can study at British universities on preferential terms. At the same time, parents will be able to visit them whenever they want and stay in the country for 180 days in a row without additional documents.

It is possible to invest in real estate or the country's state fund. Usually the amount of a contribution is lower than the value of property, but it cannot be refunded. The property can be sold in 5 to 7 years and the investment can be returned.

Some states offer additional options. For example, the Saint Lucia program allows for investment in a business or the purchase of government bonds. To get an Antigua and Barbuda passport, one can invest in a business.

Country Investment sum Investment options Term of obtaining citizenship
Dominica $100,000+ Non-returnable contribution  to the Economy Diversification Fund 2 to 6 months
$200,000+ Purchase of real estate
Grenada $150,000+ Non-returnable contribution  to the National Transformation Fund 4 to 6 months
$220,000+ Purchase of real estate
Antigua  and Barbuda $100,000+  Non-returnable contribution  to the National Transformation Fund  3 to 6 months
$150,000+ Non-returnable contribution  to the University of the West Indies Fund — for a family of 6 people and more
$200,000+ Purchase of real estate
$1,500,000+ Investments in business 
St Kitts  and Nevis $150,000+ Non-returnable contribution  to the Sustainable Development Fund 3 to 6 months
$200,000+ Purchase of real estate
Saint Lucia  $100,000+ Non-returnable contribution  to the National Economic Fund 3 to 4 months
$300,000+ Purchase of real estate
$250,000+ Purchase of government bonds
$3,500,000+ Investments in business

Investments will be profitable in case of purchasing real estate or developing a business.

Investments can only be made in those real estate objects that are approved by the government, usually these are hotel complexes. The investor receives a share of the rental income corresponding to his share in the property. It is convenient: the management company is engaged in the maintenance of the hotel and current affairs, the investor himself does not need to deal with anything.

To return the investment, an investor has to wait for 5 to 7 years, depending on the country.

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