CIP Approved Real Estate in the Caribbean

Only five caribbean nations and one european country (cyprus) currently offer instant citizenship under real estate investment route.  All other countries only offer permanent residency. To qualify for property investment passport, one must purchase a property in any of these countries below. The cheapest is Dominica. The total time from purchase of property to passport is about 3-4 months. Family, children and parents also qualify for passports.

• Dominica – USD 200,000
• St Lucia – USD 300,000
• Grenada – USD 350,000
• St Kitts and Nevis – USD 400,000
• Antigua and Barbuda – USD 400,000
• Cyprus – EUR 2,000,000

Dominica

To qualify for citizenship of Dominica under the Real Estate Option under the Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of USD 200,000.

Following approval of a real estate investment application, the following Government Fees are payable:

• USD 50,000 for the Single Applicant
• USD 75,000 for family up to 4 persons, including the main applicant
• USD 100,000 for family up to 6 persons, including the main applicant
• USD 20,000 for each additional dependant aged under 18 years; USD 25,000 for each additional dependant aged over 18 years

There are government fees, due diligence fees and other fees payable under the Real Estate option

The real estate must be held for 3 years and may be eligible for re-sale under the Citizenship by Investment Programme after 5 years from the original purchase date.

The following are real estate projects approved under the Citizenship by Investment Program for the Commonwealth of Dominica.

Grenada

Applicants opting for the approved project (real estate) route must invest at least USD 350,000. They must keep the real estate for at least three years following the grant of citizenship.

Below please find a list of Government-approved projects that have qualified for the Grenada Citizenship by Investment programme. This list is likely to change as more projects are approved and new opportunities become available. Please check back to keep up to date.

The following are costs associated with buying a real estate and applying for CIP program in Grenada.

Antigua and Barbuda

Investments in approved properties buy Citizenship by investment Unit of Antigua,  qualify for Antigua and Barbuda citizenship provided each applicant invests  US$ 400,000 plus the payment of government processing fees and due diligence fees. The real estate cannot be resold for 5 years.

The following approved real estate projects in Antigua qualify for CIP

St Kitts and Nevis

Citizenship in St Kitts and Nevis possible through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is US$400,000 for each main applicant.

Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main applicant who is over the age of 16 years.

On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:

• Main applicant: US$50,047
• Spouse of the main applicant: US$25,047
• Dependent child of the main applicant under 18 years of age: US$25,047
• Dependent child of the main applicant above the age of 18 years or dependent parent aged 55 and above: US$50,047

In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).

The following are approved real estate developments which qualify for citizenship under the citizenship by investment rules in St Kitts and Nevis.

St Lucia

Saint Lucia requires $300,000 real estate investment to qualify under the citizenship by investment scheme plus payment of various government fees and charges.

The Government of Saint Lucia has approved three real estate projects under CIP Saint Lucia.

• Pearl of the Caribbean project
• Belvedere plantation project (Luxury hotel by Boka Estates Ltd)
• Black bay luxury hotel and villas (Range developments)

The following fees have been prescribed under the Citizenship by Investment Regulations of 2015.

 Cyprus

Official Sources:

• Dominica – http://cbiu.gov.dm
• St Lucia – https://www.cipsaintlucia.com/
• Grenada – http://www.cbi.gov.gd/
• St Kitts & Nevis – http://www.ciu.gov.kn
• Antigua and Barbuda – http://www.cip.gov.ag
• Cyprus – http://www.moi.gov.cy