Recent Changes To the Caribbean Citizenship by Investment Programs

In December 2021, two Caribbean governments announced changes to their citizenship by investment programs.

At the beginning of December, the Executive Director of the Citizenship By Investment Unit of St. Kitts and Nevis confirmed that, as of 1 January 2022, the capital contribution to the country’s economy would increase and that the government was not going to prolong its existing offer for families of four.

For now, St. Kitts and Nevis has one of the lowest capital contribution thresholds for families of four. Including associated expenses, its passport can be obtained for USD 165,100. Only the passports of Antigua and Barbuda are more competitively priced for families (USD 148,200).

Citizens of St. Kitts and Nevis enjoy visa-free or visa-on-arrival access to more than 150 countries including the Schengen Area, Hong Kong, Russia, Singapore, the UK, and other destinations. Documents can be submitted and processed remotely.

On 20 December 2021, the Cabinet of Ministers of St. Lucia issued a memorandum that the special Covid-19 Relief Bond investment option will remain in place until 31 December 2022. A refundable investment in Relief Bonds allows an investor to apply for St. Lucia citizenship  for USD 250,000, as opposed to the standard investment of USD 500,000 in government bonds.

There are currently several options to participate in the St. Lucia Citizenship by Investment Program: the purchase of real estate, a non-refundable contribution to a government foundation, or investment in an enterprise project. The minimum capital contribution is USD 100,000 for one applicant.

A St. Lucia passport entitles its holder to visa-free travel in the EU, the UK, Hong Kong, and Singapore.

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