Citizenship By Investment Program in the Caribbean

Citizenship By Investment Program  the St Kitts & Nevis , Dominica and Antigua & Barbuda who had  hurricane damage are raising funds needed to rebuild through their Citizenship By Investment Programs.

A passport linked to citizenship which stirs up deep emotions in most isn’t after all like a regular product to be discounted. Plus the number of visa-free countries and other benefits don’t significantly change from year to year. And by lowering the non-refundable contribution to government fund, it puts added pressure to also reduce the other advisor, processing and due diligence fees that are critical to ensuring that the programs remain free of undesirables.

Couple on sailboat near St Kitts & Nevis. Photo Credit: © Nevis Tourism Authority.
Couple on a sailboat near St Kitts & Nevis. Photo Credit: © Nevis Tourism Authority.

Having the programs remain free of undesirables also natural born citizens of the five Caribbean countries who currently offer these programs. While the majority understand the need for foreign direct investment raised from these programs to support infrastructure and development projects, they don’t want new limitations put on their ability to travel and do business internationally brought about by disreputables being admitted to the programs.

What does it cost to secure a second passport via one of the five Caribbean Citizenship By Investment Program? Below is a comparison of the fees for a single applicant making a non-refundable contribution to government fund or purchasing real estate.

Single Applicant: Non-Refundable Contribution to Government Fund

Fee Type Antigua & Barbuda Dominica Grenada St Kitts & Nevis St Lucia
Non-refundable Contribution $200,000 $100,000 $200,000 $150,000 $100,000
Government Fee $25,000 $1,000 $3,000 $0 $0
Due Diligence Fee $7,500 $7,500 $5,000 $7,500 $7,500
Other Fees $300 $825 $270 $355 $2,000
Total $232,800 $109,325 $208,270 $157,855 $109,500

Single Applicant: Real Estate Purchase

Fee Type Antigua & Barbuda Dominica Grenada St Kitts & Nevis St Lucia
Real Estate $400,000 $200,000 $350,000 $400,000 $300,000
Government Fee $50,000 $53,000 $50,000 $50,047 $50,000
Due Diligence Fee $7,500 $7,500 $5,000 $7,500 $7,500
Other Fees $300 $825 $3,000 $355 $2,000
Total $457,800 $261,325 $408,000 $457,902 $359,500

Note: Other fees may include those associated with applying for the actual passport, naturalization, etc. In addition to fees above, there will also be advisor fees as the programs don’t deal directly with individual candidates. For those who want to be more vested and real estate, there will also be additional fees such as conveyance, insurance, etc.

So does this pricing comparison tell us which Caribbean Citizenship By Investment Program is better for a single applicant? Sadly, no! But with very little public data to properly evaluate, it’s a starting point for potential candidates. The next step is for candidates to work with an advisor who understands their short and long-term goals and who can then make a recommendation accordingly. Ideally, the advisor should be one that is authorized and accredited to work with all 5 Caribbean Citizenship By Investment Programs, so they are not presenting biased recommendations.