The native land is the place where a person came into the world. One person may like this place, while another will want to change their living conditions to more profitable ones. Each person is free in his choice, and many people prefer island states in the Caribbean. The choice is sometimes difficult to make, because for migrants the sea powers are similar in some ways. For example, Grenada and St. Lucia offer similar conditions with some differences. We will discuss them in the following article.
Grenada CBI Overview
It is impossible not to fall in love with this island. When all social aspects are satisfactory, including the opportunity to study in the international system and receive quality medical services, then it is doubly attractive to get civil rights of the state. Grenada CBI program meets the best indicators and the document is endorsed by international organizations and ratings all over the world. The territory is an enviable destination for those wishing to change their place of residence.
Investment Options
Contributions for a single applicant can be made in one of the following ways:
- to the National Fund (from 150 thousand dollars from the main applicant);
- purchase of real estate for a minimum amount of $200,000 or more and ownership for 5 years.
- payment of pre-approved real estate.
Before obtaining the status, it is advisable to consult with the relevant legal professionals or authorities for accurate information on the process.
Requirements and Application Process
The application process and other paperwork is carried out thanks to a special offer by the authorities. Within its framework, foreigners can acquire second citizenship by investment in Grenada with money that will be directed to the economic development of the country.
There are several options: donations to buildings, apartments, villas, or your own business project. The process requires filling out an application, submitting the necessary documents, and passing a background check.
Key Benefits
By taking advantage of an inexpensive Grenada citizenship program, you will receive such advantages:
- The possibility of having your driver’s license issued within 3–4 months.
- More than 145 countries to visit without checks.
- No or minimized taxes.
- High-quality medical and educational services, as well as attractive conditions for developing your own business.
- Owners can apply to cross U.S. borders, which opens up prospects for entrepreneurs.
A minimal list of advantages can be encouraging and provide a prerequisite for action. We suggest comparing another offer of no less breathtakingly beautiful island, taking advantage of the quick paperwork you can easily overcome fear and get rid of unfavorable conditions in your native land.
Saint Lucia CBI Overview
This stretch in the middle of the sea in the Caribbean is characterized by a more rugged geography suitable for adventurers. There are also many mountain peaks, amazing places to visit, waterfalls and sulphur springs. For tourism purposes and permanent residence, it is ideal.
Investment Options
There are several ways the St Lucia CBI program that provide an opportunity to get a second legal document. Here are some of them:
- CIP: Under this program you can purchase bonds, real estate or a business on the island.
- You can purchase real estate for an amount of at least 300 thousand.
- Create or purchase a business worth at least 3.5 million dollars.
- By investing in national development funds.
Each program has its pros and cons, but all of them allow you to realize the dream of a cosmopolitan and actually make your life three times more comfortable and interesting.
Requirements and Application Process
In total, it is necessary to:
- make a redistribution of at least $100,000;
- be over 18 years of age;
- undergo a medical examination and have no diseases that threaten the health of the public;
- provide a certificate of no criminal record;
- prove financial solvency;
Thus, every wealthy person is able to make a quick decision to move with their relatives. Expect the application to be processed in no more than 4 months and set out into a world full of adventure.
Key Benefits
The 5-year citizenship program is inherited by new generations. As noted by expert Zlata Erlach (Immigrant Invest company), St Lucia citizenship program is beneficial for a number of reasons, here is a list of some:
- traveling across the EU to more than 140 destinations;
- the opportunity to invest in bonds;
- constant sunny weather and varied landscape;
- no language skills are required and no tests are needed.
The main applicant has every right to bring his spouse, children, parents, there are some age restrictions, but they are minor.
Final Comparison
Whether you want to enter a tax paradise, move to more comfortable environmental conditions or diversify your income, these two destinations are ideal. Both republics do not require permanent residency and guarantee reduced taxes on any activity.
Citizenship of both powers lasts for 5 years, after which the document is simply renewed. Get St. Lucia passport by investment can be on more favorable terms, because the required amounts start from 100 thousand dollars, and a variety of deposit options distinguish this direction.
Although the “island of spices” and has a higher rating in the register of passports and allows you to apply for a U.S. visa. Still, the issuance of the document here is longer and more expensive. If these are minor disadvantages, choose Grenada as your stronghold. From ourselves we will say – both powers allow free travel, are characterized by a highly developed economy, infrastructure and stunning places for leisure. So make your choice based on your priorities.
