Tropical Islands Did Great Against the Covid-19
The year 2020 started with a global pandemic. Threatening life and hindering mobility, Covid-19 caused everyone to think about their priorities. In times of crisis, security comes first. Covid-19 showed that one should always be ready for disaster. Aside from health, Covid-19 also threatened businesses. Many markets lost their value and investors lost their savings. Times like these prove that diversifying assets is necessary for the safety of finances.
Dominica, St. Kitts, and Antigua and Barbuda are three tropical islands that offer citizenship by investment programs. These island countries went through the pandemic relatively unscathed. Apart from their financially advantageous citizenship by investment programs, they also showed their quality of healthcare. Antigua and Barbuda had 25 cases with 3 deaths. Dominica had 16 cases and no deaths. St. Kitts and Nevis had 15 cases and no deaths. Compared to the rest of the world, these numbers are very impressive. These islands have shown in this period that their beneficial citizenship by investment programs come with a bonus of safety and security.
Dominica Citizenship by Investment Program
Dominica’s citizenship by investment program is quite popular in the area. It has many benefits. Dominica has one of the fastest application processes around. If everything goes fine, the process is finalized in 3 months. It allows the entire family to apply as dependents. It allows for dual citizenship. It does not require residency and it is one of the cheapest options out there. For 100,000 dollars of financial contribution, investors can receive a Dominican passport. Finally, it has no wealth, gift, inheritance, or capital gains taxes.
There are two different application options. Investors may invest in real estate valued at least at 200,000 dollars. Or, they may choose to invest in The Economic Diversification Fund (EFD). This option charges 100,000 dollars for a single applicant.
Antigua and Barbuda Citizenship by Investment Program
Antigua and Barbuda’s citizenship by investment program has a short application process. Usually, the process is finished in 4 months. Investors may include their spouse, children, and parents under certain age restrictions. It grants the right to visa-free travel to 130 countries. Applicants do not have to travel to the country to submit documents. It allows dual citizenship and does not enforce taxes.
The program has 3 different investment options. Applicants may invest in the National Development Fund or donate to an approved charity. The amount has to exceed 100,000 dollars. The second option is real estate investment which is a bit more expensive. In this option, investors may buy real estate that is worth at least 400,000 dollars. Finally, investors may establish a business in the country that is worth at least 1.5 million dollars.
St. Kitts and Nevis Citizenship by Investment Program
St. Kitts and Nevis processes applications in around 4 months. In addition, investors may choose to accelerate the process by paying an additional fee. With this option, the process may take less than 60 days. The country does not require residency. It allows including family members to the application. It allows dual citizenship and gives visa-free travel rights to 156 countries.
Investors may choose to invest in real estate in the country that is worth at least 400,000 dollars. This amount can be achieved through joint investment. The other option of the program is to invest in the Sustainable Growth Fund. For this option, the minimum fee is 150,000 dollars for a single applicant.