Passports by Investment– Dual citizenship gives you options. With a second passport, you can access new business partnerships, new markets, and potentially favorable tax structures.

Second citizenship also enables you to protect your family and assets in uncertain times, providing you with refuge.

As more countries open up new opportunities to passports by investment, your options become more varied. Emerging markets, such as Cambodia and North Macedonia, are gaining traction with lower investment thresholds and speedier processing times.

But according to the Henley & Partners’ Citizenship Program Index, the top countries still feature the Caribbean.

The Best Caribbean Citizenship by Passports by Investment Programe

Antigua and Barbuda, along with Malta and Austria, topped the Citizenship by Investment Program (CIP) list of 2024. The countries were rated according to compliance procedures, investment requirements, quality of life and reputation, among other factors.

Four of the five countries topping the list for relocation, residence and investment requirements are from the Caribbean. These countries are Grenada, St. Lucia, Dominica, and Antigua and Barbuda.

How do you choose from the Caribbean Citizenship by Investment programs?

Consider the processing times, investment thresholds and the characteristics of each island.

1. Grenada

The “Spice Isle” sits between the Caribbean Sea and the Atlantic Ocean, north of Trinidad and Tobago. Most of its people live in St. George’s, the island’s capital. Grenadians are known for being friendly and their national pastime of “liming,” which involves relaxing and enjoying what their photogenic island offers.

Grenada’s CIP is fast at four to six months, with determination on your application occurring within 90 days and passport issuance within 30 days. It’s the only Caribbean island that has an E-2 investor treaty with the US, meaning you can own a business in America if you apply for this visa stream. Your Grenada citizenship also means you don’t have to pay estate and capital gains taxes.

You have three routes to apply for Grenada’s CBI: real estate whole investment, real estate share investment and government donation. A government donation is the lowest investment threshold.

2. St. Lucia

The eastern Caribbean island ranks as one of the best Caribbean honeymoon destinations. You can expect plenty of luxury resorts and adventurous activities. The island’s landscape is as diverse as its heritage. The south side is where you’ll find the stunning beaches; the west is home to the French capital, Soufrière; the central part of the island features forest reserves and quiet vistas, and the north side is where most tourists stay, enjoying the beaches and nightlife spots.

St. Lucia’s CIP offers two routes to your second passport: government donation and real estate purchase. The processing time is typically six to eight months. Your second citizenship here entitles you to visa-free travel to more than 100 countries, including the Schengen zone and the UK.

The requirements do not include an interview and physical residency. And the government has no tax on worldwide income.

3. Dominica

Named “Waitukubuli” (“tall is her body”) before Christopher Columbus renamed it Dominica, the island is located in the Eastern Caribbean archipelago between Martinique and Guadeloupe. It’s one of the youngest islands in the Caribbean at 26 million years old.

So it’s rich in flora and fauna, which explains its nickname, “Nature Isle of the Caribbean.” Not only that, this breathtaking island is also the least populated among the top Caribbean CIPs, at 75,000.

Dominica’s CIP offers two routes to your citizenship: government donation and real estate purchase. Like Grenada, the process takes about four to six months. You get visa-free access to some 143 countries, including the UK and Europe’s Schengen zone. The island does not tax non-residents.

4. Antigua and Barbuda

The twin island paradise lies east of Jamaica. It’s home to about 100,000 friendly and welcoming people. You’ll find a mix of international residents here who enjoy the lush tropical climate and the island’s 365 pink and white sandy beaches.

African heritage and British colonialism have shaped the island’s vibrant culture, so expect a variety of festivals.

Antigua and Barbuda’s CIP offers the most routes to citizenship: government donation, real estate purchase, business investment and university donation. The processing time takes four to six months.

The island’s CIP offers the best value of all the Caribbean islands, with the inclusion of spouse, unmarried siblings, children up to 29 years and parents over 55 years.

The 4 Citizenship by Investment Opportunities

You’ll find the following investment options in most countries offering a CIP.

●     Business Investment

A business enterprise is one of the more positive contributions of the CIP. When you invest in a new company in your adoptive country, you provide employment opportunities and stimulate the local economy.

The entrepreneurial route to citizenship will offer varying degrees of benefits and limitations. Some countries will allow you to operate only in economic zones, and others will be open to partnerships with local businesses.

●     Government Bonds

A government bond is an excellent way to secure citizenship without capital risk. You get a full return on your investment, but only after a certain period. For example, Quebec’s CIP requires holding the government bond for five years. The investment amount may be substantial.

●     Real Estate Investment

A real estate investment is one of the most common routes to citizenship. It’s an investment that could yield the best return potential since the suitable properties rise in value.

You have several options here, depending on the country’s CIP. You could buy property to live in or as an investment. You could also partially own a development, improving your investment portfolio.

You could even invest in a government-approved project, like a villa or a condominium. Some CIPs require a holding period, from three to five years, before you can resell your real estate investment shares.

●     Government Donation

The philanthropic route to citizenship is another positive contribution. The charity will have to be government-approved. Like the other investment options, you’ll donate a minimum amount to the elected charity.

A second passport opens up enormous opportunities, for a better life or toward a dreamy retirement. As more countries develop their citizenship by investment programs, your options broaden. Learn more about each program and weigh your decision carefully.

Here’s the Travelescape article on Immersing in Global Travel Culture that I recommend you to read.