Citizenship by Investment (CBI)
What is CBI
Citizenship by investment is an exceptional route that permits individuals to obtain a second citizenship via an investment to develop the economy of a sovereign country.
Therefore, by investing into a foreign country (as established in that country’s Constitutional Laws), a person is granted citizenship rights in such country, while keeping their home country’s nationality. Thus, holding dual nationality.
Citizenship by investment is also the means to fast-track immigration processes, in case of relocation to another country, starting a business there, or in any of the countries that country has residency agreements with (i.e. European Union, CARICOM, etc.).
A similar alternative to CBI is residency by investment also called Golden Visa. This is a process by which individuals obtain permanent residency rights in a country after making a a direct investment within the country.
What Countries Offer CBI?
Thera are more than 30 countries worldwide offering a CBI or Golden Visa scheme, however not all of them are sound programs and some are too recent to prove a successful track record.
Focusing on citizenship and residency programs, which do not require living in the country, yet still allow dual nationality. In such countries, no specific qualifications are expected from applicants other than holding a clean criminal record and clear source of funds, as well as, making a substantial investment, usually in an amount above USD 100,000.
Citizenship by investment programs legally grant you citizenship and a passport in only a few months without ever travelling or residing in the country. No specific qualifications are required from applicants and there are no interviews or language tests.
While the Golden Visa, is a residency permit allowing you to legally reside in the host country without being a citizen. Residents are entitled to live, work, attend school and access health care in the host country. After complying with certain requirements, such as living in the country for a specific amount of time and learning the language, some countries grant citizenship.
There are three major regions that offer reliable CBI and Golden Visa
Currently, five Caribbean countries offer citizenship by investment programs: Antigua & Barbuda, Dominica, Grenada, St Kitts & Nevis and St Lucia.
These programs have the following distinctive features in common:
- Fast processing times of 3 to 5 months to obtain the citizenship and passport
- No interview or language test required
- No need to reside in the country to obtain or maintain the citizenship
- Visa free travel to Schengen countries and several major destinations
- Allows a stay in the United Kingdom for 6 months at a time
- Citizens are not liable for taxes - No Wealth, Gift, Inheritance, Foreign Income or Capital Gains Tax
- No restrictions on the repatriation of profits and imported capital