Getting a second passport is a great asset for international investors and their families. It brings many benefits such as increased global mobility, attractive tax regimes, and lucrative investments. If you are looking to acquire a second passport, the Caribbean countries offer attractive citizenship by investment programs. In just a few months and in exchange for an affordable investment, you can acquire a Caribbean passport. But how do you choose among all these valuable citizenships? This guide highlights the main differences between St Kitts and Nevis vs Dominica passport.
Benefits of St Kitts and Nevis and Dominica passport
St Kitts and Nevis vs Dominica passport: an overview
How to choose between a St Kitts and Nevis vs Dominica passport? It all depends on what you are prioritizing when it comes to the benefits pertaining to your second passport. Whether it is global mobility or affordability, there are important differences to take into account.
St Kitts and Nevis passport by investment
Ranking 55th in terms of passport power, the St Kitts and Nevis passport is undeniably one of the best Caribbean passports to have. Its holders can travel visa-free to over 140 countries worldwide and benefit from a very favorable tax regime as there is no income, inheritance, or gift tax in St Kitts and Nevis.
Acquiring a St Kitts and Nevis passport by investment is an easy process as the country has launched an exclusive St Kitts and Nevis Citizenship by Investment program in 1984. For a minimum investment of $150,000, investors and their families are able to obtain a passport in just two months. Fast, reliable and affordable, this immigration scheme has been a true success, greatly contributing to boost St Kitts and Nevis’s economy.
Dominica passport by investment
Ranking 78th, the Dominica passport grants visa-free access to over 140 countries worldwide, on top of great tax benefits as there is no wealth, gift, inheritance, or capital gains tax in Dominica. Due to the Dominican government’s immigration-friendly policy with many Dominica visa options to choose from, there’s already a favorable climate for immigrant investors in place. Thanks to the Dominica Citizenship by Investment program, investors and their families can acquire a Dominica passport for a minimum investment of $100,000 in three months’ time.
If you are looking to maximize citizenship investment in terms of quality and price, then the Dominica passport by investment is an excellent choice. Dominica has been voted the best country for citizenship by investment for the fourth time in a row. Why? It is the cheapest citizenship by investment scheme available, its application requirements are very flexible and the program offers the opportunity of family reunification.
St Kitts and Nevis vs Dominica passport: a comparison
|Program characteristics||Dominica Citizenship By Investment||St Kitts and Nevis Citizenship By Investment|
|Application time||Three months||Two months|
|Passport Global ranking||78th||55th|
|Qualifying investment||Minimum investment: $100,000
Investment routes: Economic Diversification Fund, real estate
|Minimum investment: $150,000
Investment routes: Sustainable Growth Fund, real estate
|Taxes||No wealth, gift, inheritance or capital gains tax.||No income, inheritance or gift tax needed.|
|Residence rule||No stay requirements.||No stay requirements.|
|Family eligibility||Inclusion of spouse, children, parents and grandparents over 65.||Inclusion of spouse, dependent children under the age of 30, siblings (under certain conditions) and dependent parents or grandparents over 55.|
|Application requirements||No residence requirements. Plus no managerial experience or interview necessary.||No interview, language or residency requirements necessary.|
Overall, both passports provide investors with excellent benefits such as a short application time, favorable tax regimes, flexible residence rules and application requirements, as well as the inclusion of family members in the application.
In order to determine which passport to pick, you need to establish your priorities. What is it you value the most in a second passport?
Is it increased global mobility? If so, a St Kitts and Nevis passport is the best option. Ranking 55th in terms of passport power (vs. 78th for the Dominica passport), a St Kitts and Nevis passport will grant you visa-free access to over 140 countries in the world including the European Union countries, the United Kingdom, Hong Kong, Singapore, and many more destinations. Moreover, thanks to a fast track process, you’ll get to become a St Kitts and Nevis citizen in just two months.
If you are after affordability, the Dominica passport by investment is the right choice. For an investment of just $100,000, you can become a Dominica citizen in three months. On top of that, Dominica has the reputation of having an excellent immigration by investment scheme, having been voted the best country for Citizenship by Investment for the fourth time in a row by the CBI Index.
Frequently asked questions about St Kitts and Nevis vs Dominica passport
How can I get the St Kitts and Nevis passport?
Thanks to the St Kitts and Nevis Citizenship by Investment program, you and your family can obtain a St Kitts and Nevis passport in two months in exchange for a minimum investment of $150,000.
How can I get the Dominica passport?
You can obtain a Dominica passport by applying to the Dominica Citizenship by Investment program. In exchange for an investment of at least $100,000 (for a single person), you can get a Dominica passport in three months’ time.
St Kitts and Nevis vs Dominica passport: which one to choose?
Each passport has major benefits offering different priorities. The St Kitts and Nevis passport is great for investors seeking global mobility, while the Dominica passport is the cheapest passport by investment in the Caribbean.