Foreign citizenship: You can get citizenship in these five countries and then travel without visa to 150 countries including Britain
Caribbean Island: Buying a house in the Gulf country Dubai and taking citizenship there has become the first choice of foreign citizens. But for the last few years, Caribbean countries have also been attracting foreign citizens a lot. This is the reason why five Caribbean countries – Antigua, Barbuda, Dominica, Grenada, St. Kitts and Nevis, and St. Lucia have made a special preparation. These countries are giving citizenship to those foreigners who buy a house here or invest and donate $200,000 i.e. 17,341,384 Indian rupees. However, these schemes have been running in these island countries for many years. The interest of buyers from countries like America, Ukraine and China is increasing rapidly. Along with this, benefits like visa-free entry to 150 countries including Britain and Europe’s Schengen area are also available. In such a situation, let us know how this scheme called Caribbean Citizenship by Investment (CBI) works.
Investment options in CBI plan
The way to get dual citizenship in these islands is to buy a house or property here. But, other ways include donating starting from $200,000 to the National Development Fund. Citizenship can be obtained here by donating $260,000 to the University of the West Indies in Antigua.
Visa free travel
The special thing is that these countries provide visa free facility to the passport holders of up to 150 countries or free visa facility to the visitors. Many taxes like capital gains, inheritance and in some cases these taxes are not levied on these islands. According to a BBC report, despite this, the buyers can retain their original citizenship.
The island is the first choice of American citizens
American buyers are taking full advantage of the Caribbean Islands’ citizenship scheme. The BBC report quoted Nadia Dyson, a real estate agent and owner of luxury locations in Antigua, as saying that 70 percent of current property buyers in these islands want citizenship and most of them are Americans. While last year people from Ukraine, Turkey, Nigeria and China applied for this scheme. Overall, Caribbean CBI applications have increased by 12 percent since the end of 2024.
Why are foreigners choosing to live in the Caribbean Islands?
The BBC quoted Dominic Volek of Henley & Partners as saying that domestic political instability, violence and anti-Semitism are the biggest reasons behind this increase. He said that about 10-25 percent of people want to take citizenship. For most of these people, it is an insurance policy. Having a second citizenship is a great back-up plan.
CBI Scheme
The CBI scheme was started in the year 2012. There is also controversy about this scheme. There were protests in Antigua regarding this. The protesters accused the government of selling the country’s identity. At the same time, recently, the European Union has threatened to cancel visa-free access for Caribbean passport holders due to potential security risks. But there are also supporters of this program, such as the Prime Ministers of Dominica and St. Lucia. Antigua PM Gaston Brown said that CBI funds have prevented national bankruptcy in the last decade.
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