While no two CBI programmes are exactly the same, most have similar routes: a direct government contribution and real estate investment.
In this piece, we’re going to look at the real estate investment route and exactly what it entails.
All Caribbean CBI programmes enable investors to purchase pre-selected real estate, such as approved hotels and resorts. The transaction occurs between the investor and the real estate developer or owner in the form of a purchase and sale agreement. In addition, the investor must pay a government fee to the relevant administration. There is always a minimum amount that must be invested, which varies between programmes.
The real estate investment route presents an opportunity for investors to diversify their portfolios and make a significant return on their outlay, all while receiving a second citizenship. What’s more, they often receive the right to reside at the property for a certain amount of time every year.
The real estate investment route is more complex than making a direct contribution. Investors may require the help of an attorney to review the purchase and sale agreement, or even wish to travel to the country to see the real estate for themselves first. Additionally, all Caribbean CBI countries require investors to hold that real estate for a specified period, ranging from three to seven years depending on the country and the circumstances of the sale.
No matter the investment route taken, successful CBI applicants will have a positive impact on the chosen country and obtain all the benefits of having a second passport, like economic opportunities and global mobility. For instance, both Grenada and Dominica passports offer visa-free travel to over 140 countries. Please don’t hesitate to contact us if you have any questions regarding the Caribbean CBI programmes.
See the below tables for a comparison of the real estate options available under Caribbean CBI programmes:
Antigua and Barbuda
|Minimum joint investment||US$200,000 each (total value of the investment: US$400,000)|
|Family of up to four persons||US$30,000|
|Additional family members||US$15,000 each|
|Family of up to four members (exclusive of siblings)||US$35,000|
|Family of up to six members (exclusive of siblings)||US$50,000|
|Family of seven persons or more (exclusive of siblings)||US$70,000|
|Sibling 0–17||US$25,000 each|
|Sibling 18–25||US$50,000 each|
|Minimum independent investment||US$350,000|
|Minimum joint investment in tourism accommodation||US$220,000 per investor (total value of the investment: US$440,000)|
|Main applicant and up to three family members (except parents or grandparents under 55 and siblings)||US$50,000|
|After the third family member||US$25,000 each|
|Any parent or grandparent under the age of 55||US$50,000 each|
|Any sibling||US$75,000 each|
St Kitts and Nevis
|Minimum independent investment||US$400,000|
|Minimum joint investment||US$200,000 per investor (total value of the investment: US$400,000)|
|Any family member other than the spouse||US$10,000 each|
|Government Administration Fees|
|Main applicant and spouse||US$45,000|
|Family member aged 18 or above||US$10,000 each|
|Family member under the age of 18||US$5,000 each|