The Caribbean Golden Visa destinations pulling in winter sun investment

4

From Thailand to Taiwan, Cape Verdi to Cambodia, high-net-worth individuals are investing in secondary citizenship programs in search of winter sun. 

 

There are some 20 global destinations offering warmer winter temperatures and the ability to secure residency or citizenship by investing anywhere from £12,000 to £3.9m. Thailand is the most affordable with a little over £12,000 securing permanent residency providing the applicant has held a Thai non-immigrant visa for at least three years prior to submission. 

 

However, there are a number of nations that provide a far quicker route to a winter spent on the beach, with the additional benefits of visa-free travel to a whole host of other countries. 

 

Astons, the alternative residency and citizenship acquisition experts, has revealed that Caribbean nations are seeing their strongest increase in demand for Golden Visas in many years, with a 300% annual increase in Q3 driven largely by U.S investors. The unstable landscape in the states isn’t the only thing driving this investment, with demand also strong from Italian, French, South African, Chinese and Russian investors. 

 

Of these Caribbean nations, Antigua and Barbuda, Dominica and Saint Lucia provide the lowest investment cost for a Golden Visa at just £77,535, with citizenship secured in just 76 to 137 days depending on which you opt for. 

 

However, it’s St Kitts and Nevis that continues to prove the most popular of all Caribbean Visa investments. St Kitts is home to the older citizenship investment program in the Caribbean and Astons has seen an increase of 110% in demand for the program on an annual basis during the third quarter of this year. 

 

Managing Director of Astons, Arthur Sarkisian, explains why.

 

“St Kitts is improving incredibly popular with investors for a number of reasons. First of all, it is an extremely established program and so they are able to facilitate investment professionally, appropriately and more importantly, far quicker than other Caribbean nations. 

 

The average time to secure citizenship is just 56 days and this appeals to those looking to move quickly with their investment. They have also accelerated the application process during the pandemic which appeals to those looking for a quick escape from other high-risk nations.

 

There is also no annual quota on the number of applications submitted to the program so they are able to service demand regardless of how much it increases. This demand is coming largely from international businessmen and wealthy, upper-middle-class families and with a minimum investment of £116,302 per person, it represents very good value. 

 

However, the nation has also reduced the minimum donation from £195,000 to £150,000 for a family of four, which has increased popularity for those looking for an alternative option to Europe during the winter. 

 

It isn’t just this family offering that has kept demand high though. Investing in citizenship in St Kitts and Nevis also provides visa-free travel to 156 other countries, one of the highest of all Caribbean programs and one of the highest outside of Europe.

 

This combination of speed, international access and family appeal has ensured St Kitts and Nevis remains one of the premier Golden Visa destinations. There are little signs of this changing and we expect to see investment grow by at least 200% this year. ” 


 

Nation

Type

Investment cost (currency)

Investment cost GBP

Visa-Free Acess

Average winter temperature (ave for UK winter - Dec/Jan/Feb highs and lows)

Barbados

Permanent residency

Net assets of 5m USD

£3,876,725

161

25 C

Australia

Permanent residency

5,000,000 AUD

£2,765,075

183

31 C

Cyprus

Citizenship

2,150,000 EUR

£1,960,584

174

20 C

Cayman Islands

Permanent residency

2.4m USD

£1,860,828

146

25 C

Malta

Citizenship

1,150,000 EUR

£1,048,684

184

13 C

Bahamas

Permanent residency

750,000 USD

£581,509

155

25 C

Mauritius

Permanent residency

350,000 USD

£271,371

148

26 C

Turks and Caicos Islands

Permanent residency

from 300,000 USD

£232,604

112

24 C

Cape Verde

Citizenship

approx 250,000 EUR (between 200,000-300,000 EUR)

£227,975

66

23 C

Cambodia

Citizenship

1bn KHR

£188,632

54

27 C

Taiwan

Permanent residency

200,000 USD

£155,069

146

18 C

Grenada

Citizenship

150,000 USD

£116,302

143

26 C

Saint Kitts and Nevis

Citizenship

150,000 USD

£116,302

156

25 C

Vanuatu

Citizenship

130,000 USD

£100,795

130

26 C

Dominica

Citizenship

100,000 USD

£77,535

140

25 C

Saint Lucia

Citizenship

100,000 USD

£77,535

146

26 C

Antigua and Barbuda

Citizenship

100,000 USD

£77,535

157

25 C

Panama

Permanent residency

40,000 USD

£31,014

141

28 C

Thailand

Permanent residency

from 16,000 USD

£12,406

78

27 C

 

Astons is a leading global immigration advisory firm with offices in London, Beijing, Moscow, Dubai and Limassol (Republic of Cyprus) and offers residency & citizenship investment solutions worldwide including the UK, Turkey, Vanuatu, the EU and the Caribbean

 

For further information or to discuss your personal circumstances in a private consultation, please contact Astons at info@astons.com or call +44 207 292 2977.