Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin
Instagram



News from the Caribbean:




Back To Today's News

Subtle but key differences in Caribbean citizenship programmes
Published on March 23, 2017 Email To Friend    Print Version

passports2.jpg

By Caribbean News Now contributor

MIAMI, USA -- It is often tempting to lump together the five citizenship by investment (CBI) programmes of the Eastern Caribbean, with investors assuming that the only difference is the reputation of the island or the price of the passport. This is clearly not the case. While they often share many similarities, not all are created equal.

For example:

1. Saint Lucia citizenship cannot be passed down to future generations, but is limited to the applicants at the time the application is made – so it is not true citizenship, more like residency. This is not the case in Dominica, where full citizenship is passed from parent to child indefinitely.

2. St Kitts and Nevis’s big advantage, shared by Saint Lucia, is that it does not maintain diplomatic relations with China, preferring many years ago to partner with Taiwan instead. As a result, the Chinese love these passports as they feel safer with the Taiwanese. This is an important issue with Antigua and Barbuda, which is very close to China – it built the Sir Vivian Richards cricket stadium among other things – so there is always a perceived risk for Chinese investors that their new citizenship will be revealed to their home government.

3. Dominica and St Kitts and Nevis’s other big advantage is that real estate can be sold after five years to investors who can also use the same piece of real estate to apply for CBI. This is not the case with Antigua and Barbuda or Grenada. In the case of the former, it can only be resold (if the applicant wishes to keep the passport), the project is complete and given progress to date.

4. Grenada’s much-touted selling point is its E-2 investor visa treaty with the United States. The E-2 investor visa allows an individual to enter and work in the US based on an investment he or she will be controlling. This visa must generally be renewed every two years, but there is no limit to how many times one can renew. The investment must be "substantial". Investor visas are available only to citizens of certain countries, including Grenada. However, applicants must hold a Grenadian passport to apply for this visa but, in order for the E-2 visa to be granted, applicants first have to visit the US embassy in Bridgetown, Barbados, and explain their business plan. Officials there are said to baulk at any applicant, who, though they might be holding a Grenadian passport, does not look Grenadian.
 
Reads: 8653





Click here to receive daily news headlines from Caribbean News Now!




Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.




Other Headlines:



Regional Sports: