23 September 2025
By Publisher Ray Carmen
While a Canadian passport is one of the world's most powerful, a growing number of Canadians are looking to the Caribbean to acquire a second citizenship. This is not for increased global mobility, but rather for strategic benefits like financial planning, asset diversification, and a "Plan B" for security in an uncertain world.
What is Citizenship by Investment (CBI)?
Citizenship by Investment (CBI) is a government-regulated process where a foreign national can acquire full citizenship in a country in exchange for a significant economic contribution. These programs are designed to attract foreign investment to support the host country's economic growth and resilience. The most popular CBI programs for Canadians are in the following five Caribbean nations:
-
Antigua and Barbuda
-
Dominica
-
Grenada
-
St. Kitts and Nevis
-
St. Lucia
How Does the Process Work?
To qualify for a Caribbean CBI program, applicants must meet several requirements and typically have two main investment options:
-
Non-Refundable Donation: Make a one-time contribution to a government-run development fund. This is often the most cost-effective route, with minimum donation amounts starting from around $100,000 to $250,000 USD, depending on the country and the number of family members included.
-
Real Estate Investment: Purchase government-approved real estate, usually in a luxury resort or residential development. The minimum investment for this option typically starts from around $200,000 to $325,000 USD. The property may need to be held for a set period, after which it can be resold.
Beyond the investment, applicants must undergo a rigorous due diligence process that includes background checks, proof of funds, and legal document submission. The entire process, from application to receiving the passport, can be completed in as little as 3-6 months.
The Benefits of a Caribbean Passport
For Canadians, a second passport from the Caribbean offers unique advantages:
-
Dual Citizenship is Permitted: Canadian law has no restrictions on holding multiple citizenships, making the process straightforward.
-
Financial Benefits: Many of these countries have favorable tax laws, including no personal income tax, capital gains tax, or inheritance tax on worldwide income.
-
Increased Mobility: While not the primary motivation, these passports still offer visa-free travel to over 150 countries, including the EU Schengen Area and the United Kingdom.
-
Peace of Mind: A second passport serves as an excellent "Plan B," providing a legal right to reside in another country should personal circumstances or global events necessitate a change of location.
In essence, for high-net-worth Canadians, a Caribbean passport is a strategic asset, providing a new level of freedom and flexibility for both personal and financial planning.
