The need to stay competitive is driving Caribbean nations to refine their Citizenship by Investment Programs.
Caribbean citizenship by investment programs – Pathways to Paradise
Dominica & St Lucia
Spurred on by Dominica‘s programme, which generates roughly US $150 million per year in government revenue, St Lucia cut its minimum required investment level to $100,000 for investors who take the financial contribution route and $300,000 for those who invest in real estate, making it the Caribbean’s least costly second passport program.
Antigua & Barbuda
Other nations have also enhanced the competitiveness of their schemes. Antigua & Barbuda halved its minimum investment level to $100,000 for financial contributions, while leaving the minimum required investment level for the real estate option unchanged at $400,000.
Grenada
Grenada reduced its minimum investment level from $200,000 to $150,000 (though the minimum level for the real estate route remains at $350,000). Its program is the only one in the Caribbean to offer visa-free access to China and fast-track access to a US E-2 investor visa.
St Kitts & Nevis
St Kitts & Nevis launched a Sustainable Growth Fund with a minimum investment level of $150,000 and a new real estate investment option for which at least $200,000 is required (if resalable after seven years), or $400,000 (if resalable after five years).
This article was originally published in Issue 8 of The Caribbean Property Investor magazine. To read the full issue, click here.