Caribbean: Changes in the Conditions of Investment Program

2022-04-01
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In December 2021, two Caribbean states both announced changes in investment programs for obtaining citizenship.

In early December, the Executive Director of the Saint Kitts and Nevis Citizenship by Investment Program confirmed that from January 1, 2022, the amount of investments in the country's economy for families of four will increase, and the authorities do not intend to extend the temporary action.

Currently, Saint Kitts and Nevis offers one of the lowest investment thresholds for entry into the program (for a family of four) - together with the associated costs, the cost of a Saint Kitts and Nevis passport will be US $165,100.

Only Antigua and Barbuda passports will cost a little cheaper for families — US $148 200.

The Saint Kitts and Nevis passport provides visa-free or simplified entry to more than 150 countries, including all Schengen countries, Hong Kong, Russia, Singapore, the UK, etc.

The procedure for submitting and reviewing documents takes place remotely.

On December 20, 2021, the Cabinet of Ministers of Saint Lucia issued a memorandum announcing the extension of the preferential investment option in Covid Relief Bond securities under the Investment Citizenship Program until December 31, 2022.

Relief Bonds' payback option allows a single investor for US $250,000 to qualify for Saint Lucia citizenship.

Compared to the standard program contribution in government bonds in the amount of US $500,000, applicants will save about 50%.
To date, there are several options for participation in Saint Lucia under the Citizenship by Investment Program: the purchase of real estate, a non-refundable contribution to a government fund, a business project.

The minimum investment threshold for one applicant under the investment program is from US $100,000.

With the Saint Lucian passport you can travel without a visa to the EU countries, as well as to the UK, Hong Kong, Singapore.

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Citizenship programs

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Grenada Grenada
Grenada
from $150,000
3-6 months
Obtaining Grenadian Citizenship by investment program grants the right to live and work in Grenada at all times, the right to vote in elections and all rights associated with membership of the Caribbean Community (CARICOM).
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Turkey Turkey
Turkey
from $400,000
4-6 months
Cosmopolitans can get a second citizenship for investing in the country's economy from $400,000. There are five options to choose from: buying real estate, investment fund shares or government bonds, participating in the fixed capital of a Turkish company, opening a deposit in a Turkish bank.
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UAE UAE
UAE
from $15,000
2+ weeks
Majestic skyscrapers, luxury hotels and shops, beaches and summer all year round. Building a business career in the UAE is prestigious.
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