Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

These Caribbean islands are making it easier (and cheaper) to gain citizenship

As Covid-19 ravages the United States and the upcoming presidential election becomes more contentious, many Americans have at least thought about moving to another country.

New Zealand, for instance, which has almost completely eradicated the disease, says it has had 250,000 Americans (and counting) visit the country’s official immigration website to investigate whether they would qualify to move there, according to the New Zealand Herald.

And now, several Caribbean Islands are making it easier (and cheaper) for foreigners to obtain a second citizenship there.

While many Caribbean offer citizenship for investment, the pandemic has forced some to have a fire sale of sorts. Les Khan, CEO of the St. Kitts and Nevis Citizenship program, told Bloomberg that because of the drop in tourism, the islands have had to find new “ways to create revenue,” including discounted citizenship programs.

Here are several Caribbean islands to check out.


St. Lucia

n May, government officials in St. Lucia introduced a new option under its Covid-19 Relief Bond to gain citizenship through bond investments. Applicants need to invest $250,000 (for a single applicant) or $300,000 (for a family of four) in bonds to gain citizenship. The previous requirement was $500,000 (for a single applicant) and $550,000 (for a family of four). The bonds are held for five years at 0% interest with additional service fees. The new program launched May 12 and will continue until the end of 2020.

Applicants can also make a $100,000 donation and invest $300,000 into real estate with a three- to five-month wait time to gain citizenship.

The island of St. Lucia started offering residency to foreigners in 2015, according to Forbes.


St. Kitts & Nevis

In July, sister islands St.Kitts and Nevis announced a “Covid-19 limited discount” to their Citizenship by Investment program.

From July until the end of 2020, the donation required for a family of four to gain citizenship will be reduced from $190,000 to $150,000. The money must be donated to a charity set up by the St. Kitts-Nevis government. A $200,000 real estate investment is also required.

No changes were made to the donation fee for individuals, which is $150,000, plus real estate investment.


Antigua and Barbuda

In May, Antiqua and Barbuda announced a discounted option to its Citizenship by Investment Program.

Applicants can now make a donation of $100,000 the islands’ National Development Fund for a family of four (which is down from $125,000), plus a real estate investment of $200,000.

The application process is expected to take three to four months.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
×