Three Caribbean Islands Among the Top 5 Global Citizenship by Investment Programmes

Henley & Partners, a renowned leader in residence and citizenship through investment programs, has recently unveiled the 2024 edition of the Global Citizenship Program Index. This index highlights the top citizenship by investment (CIP) programs across the globe, evaluating various criteria such as quality of life, visa-free travel, investment requirements, compliance standards, residency conditions, relocation flexibility, transparency, and reputation. Among the featured destinations in this year’s index are three Caribbean Islands, each offering unique opportunities for individuals seeking a second citizenship.

Securing the coveted top spot on the Global Citizenship Program Index is Malta, a country well-known for being a premier destination for alternative citizenship. The Maltese government’s dedication to fostering development is apparent through its “robust and transparent” regulated citizenship process. Malta’s Citizenship by Naturalisation for Exceptional Services by Direct Investment program requires a minimum investment of EUR 738,000, which encompasses real estate acquisition or rental and a contribution to a non-governmental organization supporting local communities. With benefits such as access to a reputable financial center, a prime jurisdiction for international business, a high quality of life, and global mobility for its passport holders, Malta stands out as an attractive option for those seeking a second citizenship.

Following closely behind Malta is Austria, offering a gateway to Europe through its Citizenship by Investment program. Applicants looking to obtain Austrian citizenship must make a substantial contribution to the country’s economy, either through joint ventures or direct investments in businesses that create jobs and drive economic growth. The application process for Austrian citizenship can take anywhere from 24 to 36 months and is entirely discretionary in nature, as stated in the report. This program provides individuals with the opportunity to establish ties to Europe while contributing to the Austrian economy.

In the third position on the Global Citizenship Program Index is Antigua and Barbuda, a country that offers strategic opportunities for international mobility through its Citizenship by Investment Program. With a relatively accessible investment requirement starting as low as USD 100,000, applicants are only required to visit the islands for five days during the first five years of obtaining citizenship. This program also boasts a favorable tax environment and provides passport holders with visa-free travel to over 150 destinations worldwide, making it an appealing option for global entrepreneurs and business individuals.

Additionally, Grenada and St. Lucia share the third rank alongside Antigua and Barbuda on the Global Citizenship Program Index. Grenada’s program offers a strong safeguard against global risks, granting swift access to numerous countries without prior visa requirements. On the other hand, St. Lucia’s citizenship program appeals to entrepreneurs with its fiscal incentives and multiple investment options, ranging from contributions to real estate purchases. These Caribbean Islands continue to attract individuals looking to expand their global footprint and access enhanced opportunities through second citizenship programs. Overall, the 2024 edition of the Global Citizenship Program Index showcases the diverse and appealing options available to prospective investors seeking alternate citizenship pathways.