The main reasons why Caribbean islands are so popular are related to how attractive they are. Most people are choosing some of these locations for vacation. In that matter, it is not a surprise that many people are interested in getting full citizenship and moving to some of these countries.
The great thing is that they have one of the best policies in the world when it comes to providing people with full citizen rights. A lot of them are offering an option to get a passport by making an investment. If you are interested in this option, check out https://imperiallegal.com/caribbean-passport
However, there are different rules that you will have to check before making a choice. There are five countries in this area where you can choose this option. Here are some details about the procedure that will help you make the right choice.
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Grenada
This country has one of the most popular programs for foreigners interested in getting full citizenship there. It is especially popular among people from developing countries due to the excellent relations that Grenada has with the US. The only requirement for traveling to states is to get an e-visa. Also, it can be a great opportunity for people with kids to send them to popular US universities. There is a long list where you can travel without any additional requirements as well, like Russia, the EU, the UK, China, and more.
The process is not complicated and you can complete it in around three months. There are two options that you can choose. The first one is to donate $150k to the country. This amount is $200 if you want to come with the whole family. Another option is more popular, and that is to buy a property for at least $220k, and the only requirement is to not sell it in the next five years.
St. Kitts and Nevis
This is another very popular option. This country is part of the Commonwealth. Also, there is no tax requirement for profit, which means that it can be a great choice for starting a business. Considering how many businesses these days are operated online, this can be a great way to secure a much higher profit.
It is also known for having excellent relations with most countries in the world. When it comes to requirements, they are similar to Grenada. You can donate $150 to a special fund, and add around $25 for other members of your family.
When it comes to property, the first option is to get one that is valued at a minimum of $200k, and the requirement is to not sell it for seven years. You can buy more expensive real estate to make this time shorter. The process of getting the passport lasts for around three months, but you can make it faster by paying around $25k.
Antigua and Barbuda
This is another very popular option. They introduced a special program around 10 years ago. The main benefit is that it is cheaper when compared to the first two options we introduced since the minimum amount that you will have to donate is $100k. Adding the additional $50k to this amount will allow you to acquire full rights for the whole family. The rules for real estate are the same as for the previous country, and that is to buy a property worth at least $200k, and not sell it for the next five years.
Dominican Republic
This place is offering this solution for around 30 years. The feature is similar to all of the previous examples we introduced. You will meet the same benefits in terms of traveling all over the world. It is cheaper when you want to bring your family there. The single price is $100k while bringing a wife and two kids will cost you $175. That is nearly $100k cheaper when compared to St. Kitts and Nevis. The process is also simple and fast, and you can complete it in three to four months.
What Are the Main Benefits?
As you can see, the terms are quite similar in most of these countries. You will need up to $150k for a donation, and around $200k for buying a property. There are many benefits if you choose any of these options. First of all, you can easily get a passport that is highly valued worldwide and get the ability to travel all over the world.
When it comes to buying a property, you can make a great business out of that considering the high popularity of these places. For example, buying a house that you can rent to tourists. There are services like Booking and Air Bnb where this process is quite simple.
The great thing is that you won’t even have to pay taxes for that since there are no additional expenses for earnings made when living in these countries. It is especially beneficial for families from developing countries since you can travel to many other places.
For example, moving to St. Kitts and Nevis is a great solution to secure great education for your kids since it is connected with the UK, Australia, Canada, and New Zealand, and you can send your kids to universities there.
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Also, it provides you with a great opportunity to register a business in some of these counties since there are no taxes on the profit. If you are working in e-commerce or some other area that is operating online, this can be a perfect way to secure higher revenue. The interesting fact is that many gambling companies have their bases registered in these countries.
In the end, before you apply for the process, be sure to find a reliable agency and contact the authorities so you can be sure that everything is safe and accurate. Also, pay attention to details so you can avoid denial.
The process is quite simple, and all you need to do is to have an interview, collect the required papers, wait for approval, and then choose whether you want to donate money or buy some property.