More and more investors are interested in citizenship by investment programs. Moreover, these are investors not only from not only from Asian and African countries, but also US citizens. Second citizenship helps to gain new opportunities for both travel and business. Some even choose to move to the country of new citizenship.
HNWI’s flow statistics
In 2020 we saw a drastic drop in the number of millionaire migrants, as pandemic-induced lockdowns kept people from leaving their home countries—and at times, their homes in general. But as restrictions ease and countries begin to open up their borders again, the migration of millionaires is beginning to gather steam once again: from 108,000 HNWIs that migrated in 2018 to the planned number of 88,000 HNWIs by the end of 2022.
Here are the top 10 countries by millionaire outflows
While Russia is expected to see 15,000 millionaires leaving the country, Ukraine is projected to experience the highest loss in percentage terms—a whopping 42% of its HNWIs could leave the country by the end of 2022.
Caribbean countries have been and remain pioneers of the investment citizenship industry. This is the citizenship of a neutral state with many advantages, without losing other citizenship available to the investor. Let’s look closer toa few Caribbean citizenship by investment programs in terms of requirements and opportunities.
Citizenship of Antigua and Barbuda program for years was not so intensively promoted as CIP’s of the neighboring countries. We would like to put all the key options of getting passport of Antigua into the light. First of all, let’s focus on unique opportunity to invest in the University of the West Indies (UWI) Fund. That is an interesting option for big families, because it was made for investor plus not less than 5 dependents. So, minimum number of persons per application is 6 but you more add even more relatives (USD 15,000 for each additional dependent). For six donation is USD 150,000 inclusive of government fees (but due diligence and passport fees must be paid). Participation in the option will entitle one member of the family to a one year, tuition only, scholarship at the University of the West Indies.
Dependents of the main applicant are
- A spouse of the main applicant;
- A child of the main applicant or his or her spouse who is 0-30 years of age and is financially dependent on the principal applicant;
- A child of the main applicant or of his/her spouse who is 18 years or older, but who is physically or mentally handicapped and who is living with and is fully supported by the main applicant;
- A parent or grandparent of the main applicant, or his or her spouse, who is 55 years of age or older and who is financially dependent on the principal applicant;
- A sibling of the main applicant, or of his or her spouse, if unmarried;
Dominica Citizenship by Investment continues its work. You can choose either a non-refundable contribution to the government fund, The Economic Development Fund, (from $100 000 USD per applicant) or participation in one of the authorized real estate projects (from $200 000 USD). Please note that these amounts do not include government fees and legal fees.
The statement may include the spouse (s), children under 30 years of age, parents and grandparents (without age restrictions), siblings aged 18 years (single, without children), and the spouse (s) of the children.
Why to change Dominica passport to the latest biometric in 2022?
Back in July 2021, the authorities of the Caribbean state announced that they were switching from the standard format of machine-readable passports of Dominica (MRP), where information with basic data is optically read from the home page, to electronic passports (E-passport). In January 2022, all local agents of the Dominica investment citizenship program were informed that it was necessary to start the process as soon as possible and replace Dominica’s passport with a new one. The exchange deadline was reduced, and, according to the new rules, all citizens of Dominica should receive a new passport format by August 30, 2022.
