Upcoming Change: Minimum Investment for Caribbean Citizenship by Investment Programs to Reach $200,000 across Four Countries
Are you thinking of getting a Caribbean Passport? There’s a new development you should be aware of if you plan to secure a second passport under the Caribbean Citizenship by Investment (CBI) Program.
The Prime Ministers of four popular Caribbean Countries – Dominica, Antigua & Barbuda, Grenada, and Saint Kitts & Nevis- have agreed to increase the minimum investment amount for their CBI programs.
This does not mean the islands are less welcoming! Raising the investment amount will attract a certain class of investors to whom the program was originally intended. Due to the doubling of fees, if you are thinking of acquiring Caribbean Citizenship you must act now as you will enjoy the investment sum of USD$100,000. To enjoy the present investment sum and avoid the 100% increase you must apply now and in any event before June 30th, 2024.
What’s Changing?
As of June 30th, 2024, you’ll need to invest at minimum $200,000 USD to qualify for Citizenship through these Caribbean programs. This is a big change from the different amounts each country previously offered.
What Does This Mean for You?
If you apply for citizenship after June 30th, 2024, you will have to come up with double the amount. You will have to dig deeper into your pockets. The higher the investment amount the more difficult it becomes for an average person to secure a second citizenship. But now that’s it more affordable, getting it now worth the while; it would be a financial advantage for you to save USD $100,000 and walk proudly with your second passport in hand.
Benefits of a Caribbean Passport:
Caribbean passports come with lots of good perks, like:
- Visit many countries including first world cities without the need for a visa;
- Live, work, and do business in all the Caribbean islands.
- Enjoy serious tax benefits
- Having a second passport can give you a safe place to go if things get uncertain.
Thinking about Dominica? Don’t Wait!
Even though the cost is going up for four countries, applying for Dominica passport is still a great choice. Here’s why:
- Lower fees: Compared to others, Dominica lets you join with a smaller investment sum through a government contribution option.
- Beautiful nature: Dominica is called “The Nature Isle” of the Caribbean and is so called for good reason. There are breathtaking waterfalls, volcanoes, and verdant woods everywhere.
- Easy process: Dominica’s CBI program is known for being fast and straightforward.
- Longevity : Its one of the oldest and worldwide recognized and well respected citizenship by Investment Program.
If you want a Caribbean Passport, especially from Dominica before the price goes up, you need to move fast. Look at the programs, learn about the new rules, and talk to our WhinChester immigration expert who can help you. Keep in mind, you need to act before June 30th, 2024, to get your Caribbean Pssport at the current price.
- Dominica Corporate & Immigration Lawyer
- 2nd Flr, Bugatti Showroom Bldg, Indigo 8 Central Str.
- WhinChester Corporate PowerHouse
- AL Manara, Dubai, UAE.
- + (971) 58 645 3924
- + (971) 52 208 9024
- www.whinchesterpowerhouse.co.uk
- Whinchesterpowerhouse@gmail.com
