The Caribbean islands that give you a passport if you buy a home

The Caribbean region has emerged as a hub for "citizenship by investment" programs, where foreign nationals can obtain a passport by purchasing real estate or making a significant financial investment in the host country. Five Caribbean island nations – Antigua and Barbuda, Grenada, St. Kitts and Nevis, St. Lucia, and Dominica – offer such programs, with the minimum investment ranging from $200,000 to $400,000. These programs have attracted a growing number of wealthy individuals, particularly from Europe and Asia, seeking a second or alternative citizenship for various reasons, such as visa-free travel, tax planning, or political and economic stability. The Caribbean nations see these programs as a way to boost foreign direct investment and economic development. However, the programs have also faced criticism from some quarters, who argue that they can be exploited for money laundering or other illicit activities. Proponents, on the other hand, highlight the economic benefits and the opportunity for the Caribbean nations to attract investment and talent.
Note: This is an AI-generated summary of the original article. For the full story, please visit the source link below.