Obviously, the second passport now has a different meaning for the investor than in 2019 and earlier. Because the pandemic has changed our view of isolation, of the ability to move around the world. When we think about what we are actually investing in, when we choose a second passport from a Caribbean country, the main answer is for freedom. It is an individual decision of a particular person to be less limited in choice. About where you can easily travel as a destination, where you may live and pay taxes.
In fact, Caribbean citizenship is offered for two main types of investment. Either this is a non-refundable contribution to the government fund, or the purchase of a share in a branded hotel under construction.
According to the rules, an application for Caribbean citizenship by investment can only be submitted through a licensed agent. Such as Apex Capital Partners.
You can request APEX and get a full cost estimate. Аnd then apply for Caribbean citizenship and of course, get a second passport or reissue it after expiration.
The Caribbean second passport will be sent to the address indicated by the investor or at one of the APEX’s offices. Upon expiration of the document, the passport is also reissued remotely. The investor will be able to apply to APEX for assistance in reissuing a passport.
Let’s take a closer look at the local CIP’s (Citizenship by Investment programs) and their main news for the first quarter of 2023.
Second passport of Saint Kitts and Nevis
This year, the industry pioneer, the Citizenship of Saint Kitts by Investment Program, is transforming under the leadership of a new team. Since January 1, 2023, the CIU of Saint Kitts and Nevis, is headed by a local official, Mr. Michael M. Martin.
Focus on Limited Time Offer!
From January 1 to June 30, 2023, rates have been reduced for a non-refundable contribution to the Sustainable Growth Fund (SGF). 125,000 USD per applicant vs 150,000 USD before, for a family (investor + spouse + 2 children) the investment amount is 170,000 USD. Applications submitted under the LTO will benefit from the reduction of the minimum amount of contribution payable by applicants and will qualify for the Accelerated Application Process (AAP) with a shortening of processing timeframe from 90 days to 60 days, at no additional cost. Please note that these amounts do not include government fees and legal fees.
Saint Kitts and Nevis visa-free countries
Now St. Kitts and Nevis passport holders may travel visa-free to more than 157 countries. In particular including the UK (180 days a year) and the Schengen area (countries like France, Spain, Germany and more), Singapore and Hong Kong. Moreover, citizens of Saint Kitts may apply for a 10-year tourist visa for the US.
Second passport of Grenada
There is a high interest in the Grenada program among investors. The Ministry of Finance of Grenada has published statistics on obtaining Grenada passports for 2022. In total, the Department of Grenada received 1251 applications for citizenship, 461 applications were considered, 8 were rejected. During the year, the country earned $ 134 million, setting a new record. This amount is 30% more than in 2020, and 23% more than in 2021.
This March Grenada’s Citizenship Unit (CIU) has appointed Thomas Anthony as its new Chief Executive. Anthony has 26 years of experience in the banking system, is highly qualified in the field of financial control.For obtaining citizenship of Grenada applicant may transfer donation to the government fund. That would be USD 200,000 for a family of 4. Or buy a share in an authorized branded hotel, such as InterContinental Grenada, for USD 220,000. Must hold period is 5 years.
Grenada visa-free countries
Now Grenada passport holders may travel visa-free to more than 145 countries. In particular including the UK (180 days a year) and the Schengen area (countries like France, Spain, Germany and more), Singapore, Hong Kong and China (30 days). Moreover, citizens of Grenada may apply for a 10-year tourist visa for the US.
Second passport of Saint Lucia
Starting from January 1, 2023, the uniqie for Caribbean CIP’s bond option of “Citizenship of Saint Lucia” has risen in price to USD 300,000 (against USD 250,000 earlier). Now it is a 5-year return on investment with a bonus — you can include any number of dependent family members in the application.
That is quite convenient comparing to previous ranged track, where number the number of years depended on the number of people in the application. Regarding this option non-refundable administration fees has been reduced to USD 50,000 only doesn’t matter how many dependents investor will include in the file. Spouses, children under 30 and parents over 55 can be included in the application. And also, brothers and sisters under the age of 18 (single, without children).
Saint Lucia visa-free countries
Now Saint Lucia passport holders may travel visa-free to more than 146 countries. In particular including the UK (180 days a year) and the Schengen area (countries like France, Spain, Germany and more), Singapore, Hong Kong and Taiwan (30 days). Moreover, citizens of Saint Lucia may apply for a 10-year tourist visa for the US.
Second passport of Dominica
In 2022 the Commonwealth Government of Dominica changed the definition of “dependent” for applicants of the Dominica Citizenship for Investment program. The terms of the Citizenship of Dominica program for investment amounts remained the same. Investor may choose either a non-refundable contribution to the government fund, The Economic Development Fund, (from USD 100,000 per applicant) or participation in one of the authorized real estate projects (from USD 200,000).
For example, the famous boutique hotel Secret Bay is expanding with the support of the local CIP. Secret Bay offers to buy a share in one of the resort’s villas for USD 218,000. Must hold period is 5 years.
Dominica visa-free countries
Now Dominica passport holders may travel visa-free to more than 145 countries. In particular including the UK (180 days a year) and the Schengen area (countries like France, Spain, Germany and more), Singapore, Hong Kong and China (30 days). Moreover, citizens of Dominica may apply for a 10-year tourist visa for the US.
Second passport of Antigua and Barbuda
There are many options to get citizenship of Antigua by investment via CIP, including an investment in a government funds, but this time we recommend paying attention to the option with the purchase of authorized real estate. Since interest in real estate in Antigua is always great, and there are not many projects. As an example, the worthy Moon Gate Antigua project is a hotel in Half Moon Bay, a 30-minute drive from the international airport, twenty from Falmouth Harbor and English Harbor.
Antigua visa-free countries
Now Antigua and Barbuda passport holders may travel visa-free to more than 151 countries. In particular including the UK (180 days a year) and the Schengen area (countries like France, Spain, Germany and more), Singapore, Hong Kong. Moreover, citizens of Antigua may apply for a 10-year tourist visa for the US.
Caribbean industry shows major trends of transparency, security, and experience that you will need to succeed as an investor. APEX will provide professional legal support and prepare all necessary documents following all stages step-by-step until investor obtains the Caribbean citizenship by investments.
