05.12.2016
Citizenship by Investment Program Summary in Four Caribbean Countries
Four CARICOM members have legally adopted the Citizenship by Investment Program, however each countries varies on the amount of minimum required Economic Contribution and/or minimum Real Estate Investment. Table 4 shows the summary of programs in Commonwealth of Dominica, Grenada, St. Kitts and Nevis, and Barbuda and Antigua.
Table 4. Citizenship by Investment Program Summary
| Country | Minimum Amount of Economic Contribution | Minimum Real Estate Investment | Residency Requirement | Interview | Minimum Processing Period | Number of Visa-Free |
|---|---|---|---|---|---|---|
| Dominica | USD100,000.00 | USD200,000.00 | No Need | Not Required | 2 to 3 Months | 115 Countries and Territories |
| Grenada | USD200,000.00 | USD350,000.00 | No Need | Not Required | 3 Months | 115 Countries and Territories |
| St. Kitts & Nevis | USD250,000.00 | USD400,000.00 | No Need | Not Required | 4 to 6 Months | 130 Countries and Territories |
| Antigua and Barbuda | USD200,000.00 | USD400,000.00 | At least 5 days in 5 years | Not Required | 3 Months | 131 Countries and Territories |
Figure 1 below shows how the cost of the program varies in each four countries. Green line, shows the difference in minimum Real Estate Investment required for each countries while the blue line shows the minimum Economic Contribution required.
*Financially, among four Caribbean Country which offers Citizenship by Investment Program (second passport) the Nature Island of Dominica is the most affordable one.