Dual nationality programmes have seen a dramatic increase over the past 10 years, due to international investors wishing to protect their families from the growing global security threats.
Since the November 2015 Paris attack, Europe, the Middle East and Northern Africa have all been targets for terrorism, with Beirut, and Mali serving as very recent prime examples of the global threat.
With 6.5 million people displaced from war-torn Syria in 2014 alone, there is a dire refugee crisis still happening. So it’s no surprise that dual nationality has become a security blanket for those who wish to protect themselves.
Micha-Rose Emmett Managing Director of CS Global Partners comments that, “Many of those choosing this path value speed, especially where it is important that they shelter their families from harm. For this reason, the citizenship by investment programmes of the Caribbean. More specifically, the nations of Dominica, Grenada, and St Kitts and Nevis all process citizenship applications in three months, and are today’s most sought-after programmes.”
Citizenship by investment in these nations can be obtained by either contributing to a national fund supporting the economic development of the islands, or by investing in government-approved real estate projects.
For high-net-worth investors who hold security close to their hearts and safety in high regard, these Caribbean nations can offer a sanctuary away from the troubled nations currently at high risk from terror. They not only impose strict due diligence procedures on their applicants – ensuring that only individuals with clean histories are granted citizenship, but Caribbean nations offer democratic rule and a legal system entrenched in English common law. This is an insurance to many that not only offers peace of mind for all of those seeking second citizenship, but a safe haven for their families.
From concerns with political stability Dominica, Grenada, and St Kitts and Nevis are all part of the Commonwealth of Nations and Caribbean Community (CARICOM), enabling close and peaceful relations with the international community.
With their advanced healthcare system, their business-friendly laws, their low tax regimes (including no tax on capital gains, inheritance or income from foreign earnings), their spectacular natural settings, and their year-round sunshine, Dominica, Grenada, and St Kitts and Nevis can all assure internal – as well as external – peace and tranquillity.
In today’s volatile, global environment, the value of security cannot be underestimated.