Several amendments have been made to the legislation that governs the citizenship-by-investment program in the Commonwealth of Dominica. In particular, an economic citizen of Dominica cannot change his/ her personal name (with the exception of name change due to marriage) without losing citizenship of the country. A prison sentence of 12 or more months in any country will also lead to loss of Dominican citizenship. There are a few other amendments that also make the Dominican CBI program rules stricter.
A person can be born with dual citizenship if his/ her parents are citizens of different countries. Alternatively, the person can be born in a foreign country that applies the ‘right of soil’ and grants citizenship to all foreigners born on its territory. A grown-up person can obtain second citizenship mainly by naturalization, marriage, or investment. The last of the three routes to foreign citizenship is the fastest one. Some countries allow dual citizenship while some others do not.
St Kitts and Nevis offers an opportunity to ‘purchase’ the passport of the country at a reduced price. Initially, the discounted price was supposed to be available between January 1 and June 30, 2023. However, the immigration authorities of the country have decided to extend the limited-time offer up to January 31, 2024 due to high demand for economic citizenship of St Kitts and Nevis on the part of foreign investors.
Second citizenship of Saint Kitts and Nevis is in high demand with people from China, India, Russia, Middle East countries, South Africa, Nigeria, and so on. The main reason for its popularity is an affordable price of obtaining a second passport. How can you become a citizen of St Kitts and Nevis in 2020 in […]
The passport of the Commonwealth of Dominica is not the strongest passport in the world but it gives visa-free access to a large number of destinations anyway, including the Schengen zone. Some countries also issue electronic visas to Dominicans and some others issue visas on arrival. However, Dominicans have to apply for regular visas to enter some foreign countries.
The number of countries that allow dual citizenship has increased by almost 50% since the start of the millennium. The highest growth rate is found in Oceania and then go Africa and Europe. This is certainly a positive tendency because the interconnections between countries are growing in number and intensity and an increasing number of people currently live, work, and invest outside the countries of their birth.
How much does it cost to acquire second citizenship by investment? How much time does foreign citizenship acquisition take? Do applicants for second passports have to necessarily visit the country whose citizenship they wish to acquire? Is dual citizenship legal? Why can an application for second citizenship be rejected? These questions are answered in the article.
Antigua and Barbuda is a reputable Caribbean country. An Antiguan passport is an extremely powerful travel document: it gives visa-free (or visa-on-arrival) access to more than 150 countries and territories. What makes this document especially attractive is the fact that foreign nationals can acquire Antiguan citizenship by investment thus obtaining passports of Antigua and Barbuda.
What are the major strengths that a St. Kitts and Nevis passport boasts? Visa-free destinations for St. Kitts passport holders. Learn about the states that still come with entry and travel restrictions for St. Kitts and Nevis citizens. Jurisdictions offering visa-free entry, visas on arrival, and electronic visas to St. Kitts and Nevis passport holders: take a look at the full list. Common travel inconveniences with a St. Kitts passport: do its strengths outweigh them?
Perks that a Paraguay passport can offer to international business people and avid travelers. Why choose second citizenship in Paraguay? Where can you travel visa-free with a Paraguay passport? Check our full list of visa-free destinations and learn where an electronic visa or a visa on arrival is enough for Paraguay nationals. Are non-visa restrictions applicable to Paraguay passport holders?
Vanuatu is an island country in the South Pacific sitting between Australia and Fiji. Few foreign tourists visit Vanuatu because the place is very remote. However, those who manage to get to Vanuatu find breathtaking views, active volcanos, and indigenous lifestyles in Vanuatu. The country is worth visiting indeed, if you are prepared to take a long trip.
Here you can learn how to open a bank account or register a foreign company in Grenada. Besides, you can find out about other offshore products and services available in this jurisdiction.
The Caribbean citizenship-by-investment programs have been changing recently. The latest news is as follows: the national citizenship-by-investment program in St Kitts and Nevis is going to become more transparent to the local and international public and the Grenadian Citizenship by Investment Unit changes the requirements concerning legalization of application documents.
The Grenadian citizenship-by-investment program saw significant changes in the first half of 2023. First, five developers lost their licenses because they had not started the construction work on time. Second, the program earned more money over the first six months of 2023 than it had ever earned over a whole year before.
Obtaining a second passport has turned into a pressing need today as the world seems to be losing stability. In addition to protecting you from political and economic turbulence in your home country, a second passport can help you legally save on taxes. There are countries in the world that levy no personal income tax on their fiscal residents and a couple of these countries also ‘sell’ their citizenship to foreigners.
The United States, Great Britain, and the European Union are applying pressure to those Caribbean countries that ‘sell’ their passports to foreign investors. As a result, the ‘prices’ of the passports are rising, personal interviews with candidates are becoming obligatory, the due diligence procedures are enhanced, citizens of some countries are deprived of the opportunity to acquire a Caribbean passport, and the national citizenship-by-investment programs are now going to be audited by international agencies on a regular basis.
If the water level in the World’s Ocean continues to rise, some island countries may disappear from the map in the near future. Tuvalu, for example, is facing significant problems attributable to global warming and the rising sea level. The threat of sinking has made the authorities of Tuvalu launch the process of creating a ‘digital copy’ of the country. The international community is also discussing the legal status of the country whose entire land disappears under the water.
You can acquire Caribbean citizenship by investment in real estate. You have to open an escrow account when purchasing property. Some countries in the region require that escrow accounts be open with local banks only. Some other countries, however, allow opening escrow accounts abroad. In the latter case, the Citizenship by Investment Units do not have sufficient control over the investment processes. This may lead to financial misconduct on the part of some unreliable development companies.
A new investment option has become available to those wishing to acquire second citizenship in the Caribbean. The authorities of St Kitts and Nevis now grant citizenship to foreign nationals investing in film and TV program production in the country. The required investment amount is US$ 175,000 and St Kitts and Nevis is the only country in the world that offers this investment option.
There are several ways to obtain second citizenship for your children. Some countries grant dual citizenship to the child born to parents of different nationalities. Some countries also grant citizenship to anyone born on their territories. Besides, several states grant citizenship by descent. Finally, a few citizenship-by-investment programs are available and all of them make it possible to file family applications for second citizenship.
Many previous records in the number of applications for Grenadian citizenship by investment were broken in the first quarter of 2023. The popularity of the program has been growing tremendously and the immigration department staff are doing their best to accelerate the application processing. In particular, the Grenadian CIU has started accepting application documents in electronic formats.
Under the threat of sanctions from the USA, the five Caribbean countries administering citizenship-by-investment programs have introduced six new rules. They will deny citizenship-by-investment opportunities to Russians and Belarusians; they will exchange information about rejected applications; the programs will be audited regularly; law enforcement agencies will help retrieve annulled Caribbean passports; due diligence checks will be intensified; and personal interview with candidates for citizenship will be obligatory.
Until recently, citizens of Antigua, St Kitts, and St Lucia have had to apply for Temporary Residence visas to enter Canada. Now the Canadian immigration authorities have extended the list of countries whose citizens are eligible to use the Electronic Travel Authorization system and acquire electronic entry permits. The list now includes the aforementioned Caribbean countries and 10 more national states.
The main positive tendencies in the economic citizenship industry are as follows: the number of national programs is increasing; the citizenship/ residence-by-investment opportunities are becoming more diverse; their flexibility is improving; the requirements are becoming more liberal; the competition in the market is toughening; and so on. The main negative tendencies in the industry include the following ones: the due diligence checks are growing stricter; the international pressure on host countries is increasing; the number of visa-free destinations accessible by economic citizens is decreasing.
