5 Lesser Known Facts about the Caribbean Citizenship by Investment Programs

10th Global Residence & Citizenship Conference held in Dec 2016 was quite ignited due to the unsettling world events like French terror, Turkish Coup and now the Trump Presidency. Perhaps that's the reason as to why many across the world are willing more inclined towards the alternative Citizenship through investment. It's not only from the global giants like Russia and China but also from the UK and USA as well.

Since Caribbean happens to be one of the most attractive places across the globe, people also want to home this place for the life time. There are currently 5 Citizenship through investment programs being offered at the Caribbean. At places like Antigua, Grenada, Dominica, Saint Lucia and St Kitts & Nevis. The 10th Global Residence & Citizenship Conference revealed many things about the dual passport. So let's dig in;

Antigua Citizenship By Citizenship Program
Since 2012, over 800 applicants have applied for the Antigua Citizenship through investment Program. Out of those, 40% are from China and 20% from the East Middle. A majority (75%) of the approved applicants have contributed to the (NFD) National Development Fund instead of real estate. These funds are being utilized by the Government of Antigua & Barbuda to invest in various education, infrastructure, and other national projects.

Dominica Citizenship by Investment Program
This program was launched in 1993 being the most competitive with a minimum investment of US$100,000. But with heat coming from the other Caribbean ends, Dominica may move ahead by the ends of 2017 with increment to US$175,000. It was supposed to happen in 2016 but postponed due to the devastation caused by the 2015.

Grenada Citizenship by Investment Program
Launched in 2013, this program offers visa-free access to China.  Grenada has the only Caribbean Citizenship Program that holds an E-2 Investor Visa treaty. This treaty is actually with the USA, which allows Grenadian citizens to be eligible for the USA for a non-immigrant visa. In order to get the 5-year non-immigrant visa to the USA, the new Grenada citizen will need to make an investment in a material and bona fide business in the country.

St Kitts & Nevis Citizenship by Investment Program
Launched in 1984, this particular citizenship program happens to be the oldest and most established one. Investor were so fascinated with this program that by 2015, approximately 10,777 applicants had been granted citizenship with second passports. Having broad appeal with the applicants applying from 127 countries, it recently completed a restructuring of the entire program. The reorganization of the St Kitts & Nevis Citizenship Program included the appointment of new leadership along with tightening its due diligence process.

Saint Lucia Citizenship by Investment Program
Recently launched in 2015 is surely a new kid on the block. In fact, this program has fascinated a huge fraction of exclusive audience. In order to get the citizenship of this country, applicants are must have a minimum net worth of US$3million. Furthermore, this program is separately being reviewed directly by the Prime Minister the Hon. Allen Chastanet so that the offering and milestones could further be enhanced.

There are few things that you might not know about the Caribbean citizenship. So just check out the article now.
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