If you are looking to acquire a second passport, the Caribbean countries offer advantageous citizenship by investment programs. St Kitts and Nevis and Grenada are two of these countries: in just a few months and in exchange for a reasonably affordable investment, you and your family can obtain a second citizenship. But which one to choose? This article gives you a detailed overview of both Caribbean citizenship programs, so you can find the right one for your family.
Grenada and St Kitts Citizenship Benefits
Grenada vs St Kitts comparison: At a Glance
Program characteristics | Grenada Citizenship by Investment | St Kitts Citizenship by Investment |
Application time | Two to three months | Two to three months |
Passport Global ranking | 76th. Visa-free entry to EU Schengen States, the UK, Hong Kong, Singapore, Russia and China, amongst others. | 55th. Visa-free entry to EU Schengen States, the UK, Hong Kong, Singapore and Russia, amongst others. |
Qualifying investment | NTF minimum donation: $150,000 (single applicant) / $200,000 (family of four) Real Estate investment: $220,000 minimum Investment routes: National Transformation Fund, real estate |
SGF minimum donation: $125,000 (single applicant) / $170,000 (family of four) (special offer from 1 Jan to 30 June 2023) Real Estate investment: $200,000 minimum Public Good Project (PGP): $175,000 non-refundable contribution Investment routes: Sustainable Growth Fund, real estate, Public Good Project |
Taxes | No income tax on worldwide income, wealth tax, gift tax, inheritance tax or capital gains tax. | No income tax on worldwide income, wealth tax, gift tax, inheritance tax or capital gains tax. |
Residence rule | No stay requirements. | No stay requirements. |
Family eligibility | Inclusion of spouse, dependent children under 30, parents and grandparents, siblings under 18 (unmarried with no children) | Inclusion of spouse, dependent children up to 30, parents and grandparents aged 55 or above, siblings up to 30 (unmarried with no children) |
Application requirements | No interview, education or management experience requirements. | No interview, language or residency requirements necessary. |
Grenada Citizenship by Investment
Grenada — also called ‘The Spice of the Caribbean’ — is praised for its beautiful nature, tranquility, and relaxed lifestyle. Since 2013, the government has its very own Grenada Citizenship by Investment Program. This successful immigration scheme grants foreign investors and their families a Grenada passport in exchange for a minimum investment of $150,000 in the country’s economy.
With a Grenada passport, investors are able to travel visa-free to over 140 countries such as China, the EU, the UK, and Russia. In addition, the passport is also the only Caribbean passport offering the opportunity to apply for the E2 visa in the US – which allows you to enter and work in the US when investing a substantial amount of capital in a US business.
St Kitts Citizenship by Investment
St Kitts and Nevis is a two-island country in the Caribbean Sea. Praised for its pristine beaches and luxury, this is the ideal place for those seeking an exclusive lifestyle. It is also the first Caribbean country to have launched a CBI Program, paving the way for many others. Implemented in 1984, the program grants applicants and their families investment citizenship in exchange for a qualifying contribution of at least $125,000 (special offer from 1 Jan to 30 June 2023) to the development of the country.
A St Kitts and Nevis passport allows visa-free travel to over 140 countries such as in Europe’s Schengen zone, the United Kingdom, Hong Kong, Singapore, and Russia.
Frequently Asked Questions:
What is the Grenada Citizenship by Investment program?
The Grenada Citizenship by Investment program is a successful immigration scheme launched in 2013, which grants investors and their families a Grenada passport in two months in exchange for investing in the country a minimum of $150,000.
What is the St Kitts and Nevis Citizenship by Investment program?
This program is the oldest Caribbean citizenship by investment scheme. Launched in 1984, it grants qualifying investors and their families a St Kitts and Nevis passport in just two months in exchange for investing at least $125,000 in the country (special offer from 1 Jan to 30 June 2023).
Grenada vs St Kitts citizenship: which program to pick?
Both Grenada and St Kitts citizenship are very appealing. The strength of having a St Kitts passport is that you can travel visa-free to over 140 countries. With a Grenada passport, you can apply for the US E2 visa, which allows you to stay in the US in exchange for a qualifying investment.