Caribbean nations lure investors with new terms

The ongoing COVID-19 pandemic has highlighted the benefits of investing in a second citizenship, as travel restrictions have made travelling to many parts of the world inaccessible or at the very least, very difficult. The investment immigration industry has actively responded to this new demand. The ever-popular Caribbean citizenship-by-investment programs are now  offering  more attractive terms to make investments much more attractive financially.

Dominica previously only allowed for the main applicant to add their spouse, children under 30 and grandparents. However, Dominica’s Citizenship By Investment Unit has announced that it is now possible for applicants to add their unmarried siblings as dependents to the application, bringing this further in line with what is already offered by one of its neighbours - the Grenada citizenship-by-investment programme.

St Kitts & Nevis, one of the most venerable citizenship programmes in the world, previously required a minimum donation of USD 195,000 for a family of four. This made the programme slightly pricier than some of its peers in the Caribbean. However, this has now been reduced by nearly a quarter to USD 150,000.

Furthermore, St Lucia has announced that it is now offering a new option for investors in the form of a government bond. The minimum investment amount here is USD 250,000 and like its Caribbean siblings, the programme now allows the main applicant to include siblings in their application, albeit only up to the age of 18.