Question 1

IS CITIZENSHIP BY INVESTMENT, DUAL CITIZENSHIP, AND SECOND CITIZENSHIP SAME?

Accepted Answer

Citizenship by Investment offers individual entrepreneurs, business owners, and investors a better tax planning options, the opportunity to expand their businesses globally, provide security to their investments and improves their family lifestyle.   High net-worth individuals can opt to choose between Dual Citizenship (where the countries of citizenship by birth established a bilateral agreement with the country of your new Citizenship by Investment, and by means of which person has a legitimate status of a dual citizen in both countries) or Second Citizenship (when there is no bilateral agreement on dual citizenship and each state considers a person to be only citizen).

Question 2

WHAT IS CBI “CITIZENSHIP BY INVESTMENT”?

Accepted Answer

CBI “Citizenship by Investment” programs allows foreign investors and their families to obtain the alternate citizenship and passport(s) by contributing to the economy of the host country. To opt it there are several instruments such as contributions/donation in countries approved national fund, investing in a government approved real estate option, or investing in a government approved bond. CBI “Citizenship by Investment” programs are not a new concept rather been existing since 1984 by one of the Caribbean islands named St Kitts & Nevis.   As of today, over 100 countries in the world have some form of investment migration legislation in place, however a few offers Citizenship by Investment (i.e., Antigua & Barbuda, Commonwealth of Dominica, Grenada, Malta, Montenegro, North Macedonia, St Kitts & Nevis, St Lucia, Turkey, Vanuatu etc.)

Question 3

WHAT ARE THE BENEFITS OF CITIZENSHIP BY INVESTMENT?

Accepted Answer

There are several benefits of having Citizenship by Investment, such as Global mobility that allows passport holders to travel visa-free to over 140 countries and jurisdiction that includes Hong Kong, Singapore, UK, and the Schengen Area (Russia and China too depending on the country offering Citizenship by Investment).  Citizenship by Investment is considered to be insurance police or a plan B for many individuals from under developed countries to avoid any political unrest, for security of their loved ones and their investments.  Most of the Caribbean countries offering Citizenship by Investment are home to home to the best United States offshore universities (Grenada for instance is home to St George’s University that is one of the finest medical, veterinary, and arts and sciences schools, and graduates train in some of the top hospitals in the United States and the United Kingdom and is internationally accredited)  Citizenship by Investment provides countless opportunities to extend your business in different jurisdictions, and it provides a better-quality life, with complete assets protection and tax planning.

Question 4

HOW LONG DOES IT TAKES TO OBTAIN CITIZENSHIP IN CARIBBEAN?

Accepted Answer

In general, it takes 3 to 6 months. However, from the date that your application has been accepted for processing, it will take approximately ninety (90) days to the grant of citizenship. Should there be any delay in the processing of your application, your Authorised Agent will be informed.

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