Learn about the top 4 second citizenship programs in the Caribbean for 2021.
For many, the Caribbean region is paradise on Earth. Each island has many beautiful beaches and other attractive natural attractions everyone should see and visit at least once in their lifetime.
The different natural and human-made attractions give the Caribbean islands a soothing, relaxing vibe, making them the perfect place to enjoy a laid-back, calm lifestyle.
The many outdoor activities you will find in the Caribbean ensure you enjoy a variety of experiences here as well. Whether it’s swimming, scuba diving, snorkeling, kayaking, hiking, mountain climbing, cycling, and bird-watching, you won’t run out of fun, exciting things to do in any of the islands.
The variety of delectable food and cuisines and friendly locals can make it hard for anyone to leave the Caribbean after a holiday.
Lastly, several Caribbean countries have second citizenship programs that will make staying here more rewarding and pleasant.
The Appeal of Second Citizenship Programs
Second citizenship programs are pathways that allow you to get another passport and experience the benefits of owning one legally.
A second passport allows you more freedom to travel. You will be permitted to enter countries that you otherwise can’t with your current travel document.
Owning the right second passport will also enable you to enter more countries visa-free. This means you can avoid the expenses and hassles of applying for an entry visa before leaving for your destination country.
Additionally, second citizenship programs allow you to experience the advantages of having dual citizenship. You will have access to the benefits the issuing countries provide to their citizens.
You also won’t be asked to renounce your current nationality or choose between two countries to live in permanently.
Second Citizenship Programs in the Caribbean
The Caribbean has several countries that offer second citizenship programs. These pathways are some of the most sought-after in the world because of the numerous benefits they provide.
These programs are also affordable and straightforward, allowing you to obtain your second passport in less than a year.
Below are the four best second citizenship programs in the Caribbean that you should put on your list if you are interested in getting another passport and living in one of the amazing countries in this part of the world:
St. Kitts and Nevis
This two-island country has one of the oldest second citizenship programs in the world. It was established in 1984.
A St. Kitts and Nevis passport gives you visa-free access to over 130 countries, including the UK, Hong Kong, Russia, Singapore, and the Schengen area.
To get a St. Kitts and Nevis passport, you can either donate a minimum of US$ 150,000 to the country’s Sustainable Growth Fund (SGF) or invest in a real estate property that is worth at least US$ 200,000.
Once you become a citizen of St. Kitts and Nevis, you won’t be subject to global income, inheritance, wealth, and gifts taxes. You will also have access to generous tax incentive packages.
The Spice Isle is one of the most popular eco-tourism spots in the Caribbean. It is one of the best countries to experience a back to nature, carefree lifestyle.
A Grenada passport gives you visa-free access to around 117 countries, including the UK and several European nations.
To obtain a Grenada passport, you have to donate a minimum of US$ 200,000 to the Grenada NTF fund or invest at least US$ 350,000 in a government-approved real estate project.
Under the Grenada citizenship by investment program, citizens are exempted from income, capital gains, wealth, and inheritance taxes.
Dominica, which is known as the Caribbean’s Nature Isle, has one of the world’s most affordable second citizenship programs.
To get a passport from this country, you need to contribute a minimum of US$ 100,000 to the Economic Development Fund or invest in an approved real estate development that has a minimum value of US$ 200,000.
Citizens of Dominica are not subject to gift, inheritance, wealth, foreign income, and capital gains taxes.
A Dominican passport gives you visa-free access to around over 113 countries, including the UK and several EU nations.
Antigua and Barbuda
Antigua and Barbuda is another twin-island country in the Caribbean known for its many beaches, which is said to number around 365 – one for each day of the year.
The country launched its citizenship by investment program in 2012. It is currently one of the most affordable second passport pathways and the most popular options for anyone interested in owning another travel document legally.
You can obtain an Antigua and Barbuda passport by donating at least US$ 100,000 to the government, purchasing an approved real estate property worth at least US$ 200,000, or investing in a business with a minimum amount of US$ 400,000.
Holders of Antigua and Barbuda passports are allowed visa-free travel to more than 130 countries, such as Hong Kong, Singapore, Russia, the UK, and the Schengen area.
Once you become a citizen of this country, you will be exempted from paying capital gains, dividend, inheritance, and worldwide income taxes.
If you want to call the Caribbean your home this year, take advantage of these second citizenship programs to have access to more travel, tax, and other benefits you won’t get from other countries.