How does the new price limit of 200,000 USD save the Caribbean citizenship programs?
Published at: 27/05/2024 10:24 am
Four of the five Caribbean countries with citizenship by investment programs have strategically set a minimum price limit of 200,000 USD from June 2024. This ensures the sustainability and quality of their citizenship programs and offers potential investors a secure and reliable pathway to Caribbean citizenship, making it an attractive investment opportunity.
The decision of Saint Kitts and Nevis, Antigua and Barbuda, Grenada, and Dominica ends the post-COVID price competition between the paradise island nations to attract foreign investors and capital. Saint Lucia will join the agreement later.
If you wish to pay less for a second passport, the time to act is now! The clock is ticking, and with each passing day, the opportunity to secure Caribbean citizenship at a lower price is slipping away. Don't delay, act now!
From June 2024, the cost of Caribbean citizenship will increase. However, there's still a window of opportunity. Act now, and you can secure citizenship from Antigua and Barbuda for 130,000 USD or a passport from St Lucia for 100,000 USD plus fees. These rates, exclusive to this limited period, offer a unique opportunity to obtain Caribbean citizenship at a more affordable price. Don't miss out on this privilege!
Why will the Caribbean CIP countries raise the amount of investment and donations?
First, these island nations generate their wealth mainly from the tourism industry. Of course, COVID-19 destroyed their source of money, and several natural disasters have also hit the region. They needed investment fast, so all citizenship by investment programs became more affordable.
However, cheaper fees meant less regulation and fewer funds for due diligence. Meanwhile, the European Union and the US called the attention of all countries with passport schemes to cancel their programs or create conditions for complete control. This leaves the small island countries with no choice but to either lose visa-free access to the European Union and the United States or increase the cost of the programmes and introduce the necessary controls. The Caribbean countries have made a quick decision, complying with international standards, so the investment cost must rise.
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