London, July 08, 2022 (GLOBE NEWSWIRE) -- Programs granting citizenship in exchange for economic investment in small island countries are growing in popularity. Over the last decade, these programs have become notable considerations for those looking to diversify their wealth; they offer benefits that most investors look for and cannot find in some parts of the world. Dominica, St Kitts and Nevis as well as Saint Lucia are some of the small island countries which offer citizenship by investment (CBI) programmes in the Caribbean. These countries offer profitable investment opportunities worth considering.
Obtaining citizenship in Dominica, St Kitts and Nevis and Saint Lucia comes with numerous benefits for investors. These benefits include favourable opportunities to plan and spread one’s wealth, reduced citizenship application timelines, extending citizenship to the family, wide range of investment programmes, high standard of living and enjoying the general benefits that come with living in modern, diverse countries. In addition to this, the investment threshold is not as high as those of other countries. Individuals invest less to access the same benefits offered by relatively large countries.
Shorter citizenship application timeline:
When seeking a second citizenship, the citizenship timeline, or the time it takes for one to move from investor to citizen makes a huge difference. According to the 2021 CBI Index, the speed that it takes to process citizenship application in small island countries is rapid compared to other countries offering the same program. According to the same report, fast track CBI processing options which are available at an additional fee.
This is particularly important for time poor investors looking for effective and trusted options with little or no residence.
It must be noted that fast track options do not reduce the amount of due diligence performed on individuals. The same multilayer approach conducted by various external and local firms along with international police authorities applies to these programmes.
Obtaining citizenship with family:
The rise of increasingly complex family relationships is driving investors to seek CBI programs that allow for a more diverse range of family members to be included under a primary application. Even though a majority of CBI programmes provide for the inclusion of spouses and minor children, only a handful of countries do so for adult children and extended family. Dominica, St Kitts and Nevis and St Lucia were ranked high in this regard according to the CBI Index of 2021. These countries have multi-family member categories that can be considered with one primary application. The degree of flexibility in these categories means that points are awarded for adult children, parents, grandparents and even siblings. Investors who are seeking a second citizenship in these Caribbean countries do not have to worry about the breaking of family ties that comes with relocation and immigration.