A Caribbean passport is a document that allows its holder to travel freely around the world, engage in international business, and effectively optimize taxation. Investors need to participate to get Caribbean citizenship. In this article, we will consider three countries offering the best Caribbean passports: Saint Lucia, Grenada, and Antigua and Barbuda. 

St. Lucia Passport by Investments

Saint Lucia is a good country for immigration, which allows you to have two citizenships simultaneously. This jurisdiction attracts the attention of many foreign citizens as an ideal place for business. According to Acyr Jardim, an expert at Imin Caribbean, the advantages of obtaining a Saint Lucian passport are:

1. No mandatory residence in the country for a resident.

2. Possibility to submit documents without personal presence.

3. The prospect of visiting more than 140 countries, including the Schengen area, the UK, and Hong Kong.

4. Making a passport for dependent children under 25 and other dependent relatives is also possible.

5. No mandatory income taxation.

You can make charitable donations in Saint Lucia starting at $100,000 for a single applicant and at least $150,000 for a family of four. You have to pay another $15,000 for each additional family member. This amount is the lowest among similar programs worldwide. 

You can also purchase approved real estate worth $300,000 or more for a five-year ownership period. Another distinctive feature of the program is the ability to make a subsidy or invest in land, buildings, or other property and to purchase securities with maturity of 5 years or more. The minimum investment in government bonds is $300,000.

Grenada Passport by Investments

Grenada citizenship is one of the available Caribbean citizenship programs for obtaining a second passport, which includes the whole family: children, parents, grandparents, and siblings of the principal applicant and his spouse. It provides visa-free access to 144 countries, including the European Union, the United Kingdom, and China. It is worth noting that it is the only program in the Caribbean that allows you to move to the United States on an E-2 visa. 

An investor can choose one of two options to participate in the program. The first option is to make a charitable contribution of $150,000 to support national projects. The second way to obtain citizenship is to invest in approved real estate worth at least $220,000 and hold it for 5 years.

Antigua and Barbuda Passport by Investments

You can obtain citizenship for life here; multiple citizenship is also allowed. Any visa restrictions on visiting more than 150 countries, including Schengen countries, are canceled for passport holders. The program includes the principal applicant, children under 30, parents over 55, and unmarried siblings of any age.

There are two main ways to invest – donations and real estate investments. An investor wishing to obtain a passport must not reside in the country. It is enough to visit the country for five days every 5 years. There are four ways to contribute to its development: 

1. Contribution to the National Development Fund in the amount of $100,000. The minimum financial amount to be contributed for families of five or more is $125,000.

2. The ability to purchase residential or commercial property worth at least $200,000.

3. Financial support for an existing or new business that is approved by the government board.

4. Donations to the University of the West Indies Foundation (minimum amount starts at $150,000).

It is a flexible way for foreigners who wish to become citizens of this country while contributing to the development and support of the state.

If you choose to get a passport through a donation, you have two available ways. In the first case, an investor can contribute an amount of $100,000 to the National Development Fund. You can donate to the University of the West Indies Development Fund in the second option. The minimum amount starts at $150,000 for families of up to six people.

The country offers an affordable program where investors can get citizenship by way of donations or real estate investment, providing visa-free access to many countries and flexible conditions for family inclusion. 

Key Benefits of Each Passport

If you are not sure which citizenship is best, your choice will depend solely on the needs you pursue. Consider the Caribbean passport advantages. For example, the Saint Lucia passport allows holders to enter many countries without a visa, has tax advantages, no mandatory residency, and a quick application process. 

The main advantage of a Grenada passport is the ability to move to the United States on an E-2 visa. Also, this country’s program allows for including parents and grandparents, both for the applicant and his partner, regardless of their age.

The Antigua and Barbuda passports provide visa-free access to more than 150 countries, including the Schengen area, and guarantee flexible conditions for maintaining and including different family members. It also has a minimum level of real estate investment.

Read more about each program and determine what is beneficial for you.

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