Benefits of Obtaining Second Citizenship by Investing
The citizenship by investment was first started by 1984 by the Federation of St Christopher (St Kitts) and Nevis. It required applicants to make significant economic contribution to the country to gain complete citizenship. Till date, this efficient programme continues and is widely known as the Platinum Standard of second citizenship. There is also a fast-track service, which leads to the issuance of passports within 60 days of submitting a successful and satisfactory application. The newest of such programme was established by St Lucia in 2015, with a similar structure.
Likewise, other Caribbean countries too have certain investment immigration programs that present lucrative opportunities to foreign investors and therefore, empower their economies in return. They offer direct citizenship directly via temporary or permanent residence. Some countries in the islands have better tax policies and all of them grant amazing travel access (via second passport). This gives businessmen the opportunity to explore better opportunities offshore without extensive paperwork.
Another main benefit is that the region enjoys close proximity to the United States and Canada. In fact, Grenada is also the part of the E-2 treaty with the USA, which means that it can admit immigrants as and when they invest a substantial amount of money in a business in the United States.
The advantages of citizenship also include the investors and their families, including the spouses, children, parents along with grandparents. All of them can acquire the new nationality and a second passport without any hassle.
Caribbean investment immigration programs are mainly based on real estate and needs applicants to invest in various approved government projects. These countries also offer another alternative, which is a fund contribution option. This lets the investors make a one-time non-refundable contribution to the national fund that is directed towards the projects that help in developing the country. It should be noted that the amount is less than the amount required than investing in a real estate project.
Why choose ITRUST GLOBAL?
At ITRUST GLOBAL, we offer a focused-approach to our clientele and provide complete counselling as well as guidance on the programme that best suits your requirements. We have tie ups with the government in these countries and help you attain the best investment options. Get in touch with us at the earliest to start your application process.
Have any other destination on your mind? Check out all the countries/places for which we offer our services.
