Dear MEL Topic Readers,
The Caribbean islands that give you a passport if you buy a home
Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St
Lucia are five island nations in the Eastern Caribbean, with each population ranging
from 53,000 to 183,000. They not only attract tourists to their coastal resorts
and communities but also welcome new citizens who invest or donate money
to their countries. They offer a Citizenship by Investment (CBI) program, which allows
individuals to gain citizenship in a country by making a significant financial
contribution to its economy. They will issue a passport that allows the holder
to enter 150 countries without a visa to those who purchase a property or make a
donation of greater than USD200,000. Having a second citizenship in a country
where capital gains or inheritance taxes is strong incentives to those who want
to save taxes. Also, it could serve as a safety guard for those who are concerned
about their nation’s status or future, including the USA. However, the program
could be used by those who try to evade taxes or conduct criminal activities. Still,
CBI has become an integral part of their GDP and infrastructure development for
those Caribbean countries where sea levels are rising faster than the global average.
Read the article and learn about the Caribbean countries that are effectively
selling a passport.
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