When a wealthy person has the idea of moving to a more developed country, he starts gathering information. The European Union and the Caribbean Islands offer the best immigration programs for investors worldwide. In both regions, you can invest personal funds in the local economy and legally move to a more prosperous country where studying and working are comfortable and safe. However, the EU and Caribbean CBI programs have their peculiarities. Let’s take a closer look at the countries and the main differences between the projects that operate in these regions. This information will be helpful to those who are seriously thinking about second citizenship and relocation.
Caribbean Citizenship by Investment
People who like investing always seek new opportunities to develop and expand their businesses. However, it is important to invest profitably. The best projects for Caribbean second citizenship are programs of several countries at once.
However, you have to remember the minimum investments in these states that you must make for charity and real estate. For example:
- St. Kitts and Nevis: $250,000 and $200,000;
- St. Lucia: $100,000 or $200,000;
- Antigua and Barbuda: $130,000 or $200,000;
- Dominica: $100,000 or $200,000;
- Grenada: $150,000 or $220,000.
You can also contribute to development and diversification funds for the prosperity of the above areas. These are non-refundable amounts, but it is the law for all potential investors who need a Caribbean second passport. There are other investment opportunities that you can learn about by researching country-specific information.
Caribbean CBI: Key Benefits
In terms of benefits, potential business people enjoy EU and Caribbean CBI:
- the opportunity to open and operate a business in the Caribbean;
- a reliable financial services infrastructure;
- various tax advantages;
- different types of travel, including leading tourist, cultural, and business destinations.
It is also important to note that the document’s quality will not disappoint you. It would be best if you researched the conditions of tropical countries in more detail to find the best option for you and your family.
EU Citizenship Obtaining Process
Today, Malta is the most popular destination for obtaining a European passport, but there are nuances here. According to this program, it is necessary to make investments of 600 000 euros in the local economy and prepare to wait from 1 to 3 years. Greece, Portugal, and Turkey also offer good conditions. For the first country, the investment amount in residential or commercial real estate is from 250,000 euros, and the process takes 6 months.
Portugal does not offer citizenship but a residence permit for the same amount. Apply for citizenship is allowed after 5 years of residence in the country. According to a specialist of Imin Caribbean Acyr Jardim, you can become a citizen of Turkey in just 6–8 months when buying real estate worth $400,000.
EU Citizenship: Key Benefits
Wealthy people do not aspire to Europe for nothing. The main benefits of life in Europe for those who have legally moved here are:
- prestigious universities;
- excellent medical services;
- hard currency, loyal tax policy;
- greater financial opportunities;
- low requirements to the minimum period of stay, or no requirements at all.
European residency also allows visa-free entry into the Schengen area. You do not need to pass a language test to apply for residency in these countries. You obtain all the rights and privileges of ЕС citizens. The document of any EU country also gives you the right to consular protection and assistance in any difficult situation.
Comparison of the two Promising Regions: EU and Caribbean CBI
If we compare the conditions of the two economic zones, we can distinguish five main differences, namely:
- Travel to other countries without restrictions: a European passport gives access to more countries and territories than a similar document from the Caribbean.
- Amounts to invest: unlike the EU, Caribbean citizenship by investment is cheaper.
- Terms to get the document. Caribbean CBI is not only cheaper, but the procedure lasts less time.
- Business opportunities: we can say here that both regions offer a lot of opportunities for business development and scaling in various spheres.
Despite the incredible appeal of the Caribbean Islands, not everyone will want to settle there permanently. In the long term, such citizenship seems less secure than European citizenship. However, the choice of a potential investor depends primarily on the plans and preferences of the applicants. You should contact the specialists of a migration agency for advice and assistance in obtaining the process of EU citizenship. This issue is covered in detail at imin-caribbean.com.
Conclusion:
Pay attention to the fact that the EU and Caribbean CBI of Islands offer entirely different lifestyles. Europe is characterized by modern infrastructure and significant economic opportunities, while the Caribbean is a tropical paradise with a beautiful ecology. However, both regions can offer you the conditions that will help you develop your business and improve the comfort level of your life.
