Many people dream of a profitable investment, which means not losing it forever. The ideal scenario is that the money, being in someone else’s pocket, still continues to work for the depositor. The offer of taking possession of the real estate under the Caribbean passport program fully meets such pragmatic conditions. This provides the security of passive income as well as the chance that the investment will return in 5 years.
The government approves the residence visa programs that are available in the countries of the region. We are talking about:
- St. Kitts and Nevis;
- St. Lucia;
- Antigua and Barbuda.
They offer their passports to wealthy foreigners who own some wealth. There are several ways to obtain them. The first is to make a contribution to a national fund, the second is to purchase the property. Property prices start at $250,000. Such options are considered the most widespread. Some programs provide for participation in a business project, creating your own project, and investing in government bonds. Although these are not available in all states.
The specified programs are considered the most operative ones because it is realistic to become a passport holder within 8 weeks. Everything can be done remotely.
What are the differences between the programs?
They are similar in some ways and different in others. Their difference lies in the costs, investment options, and time limits. You need to spend at least $100,000 to $150,000 on investment. There are several ways to invest.
Considering the features of some programs, it is worth emphasizing that an investor can contribute to a government fund or take possession of some immovable property. According to the requirements of other methods, it is possible to buy government bonds or invest in local businesses.
The Caribbean’s fastest residency is getting citizenship in St. Kitts and Nevis. This would be done in exchange for a donation of at least $125,000. The peculiarity of citizenship is that it is given for life. The investor and his relatives have the right to study, work and live there.
What does it give?
Having a passport gives you the following pros:
- the possibility of conducting the procedure remotely – there is no need to come to the selected country. Applying to a specialized company will allow you to avoid all the bureaucratic routines and get rid of red tape with documents. This issue is covered in more detail at immigrantinvest.com;
- high speed of obtaining – the investor has the opportunity to become a passport holder in a minimum of 2 and a maximum of 6 months. That is why the fastest residence permit by investment in the Caribbean is considered a program for obtaining citizenship in this region of America;
- a huge number of visa-free destinations – thanks to the presence of a Caribbean passport, it is possible to visit different countries without visas. Those who are citizens of Dominica are free to enter and travel in China;
- low costs – the minimum amount of investment in the economy of the country is 100 thousand dollars;
- a guarantee of education abroad – citizens of countries in this region can take advantage of educational benefits in Great Britain;
In addition, persons who have obtained citizenship can open accounts in European banks to preserve assets and speed up foreign currency payments. With the appropriate passport, it is also possible to obtain a tourist visa in the United States in a couple of weeks. It is valid for 10 years.
Countries that provide residency for investment are known for their high standards of living, excellent quality of education, and health care.
If you are interested in the fastest residence by investment, you should take a closer look at St. Lucia, which offers one of the most affordable second passports in the mentioned region. The minimum investment amount is $100,000.
To get the right to participate in this program, it is necessary to become an investor and contribute money to a state fund or to own real estate. It usually takes 90 days to apply for a second passport. Then you and your relatives become full citizens of that country.
The reason why this program is superior to others is that it provides lower fees than other options.
Where is it easier to achieve the goal?
All of the countries in the described region offer easy conditions for becoming a citizen for financial investment. However, Grenada, St. Kitts, and St. Lucia do not impose residency requirements. Although again, it will depend on what exactly you are looking for in the program, you also need to consider your current financial situation.
According to Immigrant Invest expert Elena Ruda, St. Lucia offers the fastest residence in the Caribbean. The processing takes 90 days. Also, the expert allocates Antigua and Grenada, which also have the fastest program. Although the processing time increases in the case of investment in real estate.
How long does it take to get permanent residence in Europe?
The Golden visa program in Spain can be used by investors to acquire a residency permit within two to three months, which is the quickest such program available in the European Union. After a decade, an investor can apply for a perpetual residency.
If desired, one of the two fastest ways to get permanent residency is through the programs of Cyprus or Malta. Cyprus permits permanent residency to be attained by investors in a speedier process of about three months. Malta gives its foreigners an option for permanent residency through investment within four to eight months following approval of the application. There is no requirement to wait for five or more years.
How to become a citizen of an EU country after obtaining residency by investment?
In order to obtain naturalization in most countries, candidates must meet certain criteria for a period of five years, such as being a permanent resident, primarily staying in the country, and learning its language and its history. For some countries that do not allow dual citizenship, such as Spain, the applicant must renounce their passport of origin.
What asset to buy?
The tourism industry enterprises are mostly among the approved projects of the program. They offer:
- residential complexes;
- a villa in a hotel, resort, or hotel complex;
- a hotel room.
The facility may be under construction or already in operation.
If you want to realize immigration, then the best solution for you is to get a Caribbean passport. It gives the right to travel to different parts of the world without visas.