In light of the recent coronavirus crisis, many governments have introduced new relaxed requirements for citizenship-by-investment programmes to attract investments. This would come as welcome news for those who may have been thinking of participating in citizenship-by-investment programmes in several Caribbean states as well as Cyprus.
An investor may apply and remotely obtain the citizenships of St. Kitts and Nevis, Dominica and St. Lucia. Antigua and Barbuda have also introduced a simplified application procedure, which would allow the investor to begin the process by submitting priority documents allowing the government to start processing application. The government also reduced the investment requirement by lowering the investment required for the purchase of real estate to US$200,000.00 (from US$400,000.00).
Most Caribbean passports allow visa-free or visa-on-arrival access to more than 140 countries, including the United Kingdom and member countries of the European Schengen Area.
The Cypriot government is also assessing possibilities of drawing the interest of potential investor via introducing a fast citizenship processing, lifting the application quotas as well as the introduction of the remote application process. It is believed that improving the national citizenship-by-investment programme will allow the government to receive much-needed capital influx to support the economy hit by the pandemic.
Oracle Capital Group provides immigration support for families and individuals for the following destinations: United Kingdom, Spain, Malta, Portugal, Cyprus, Grenada, Antigua and Barbuda, St. Kitts and Nevis, Dominica, St. Lucia and Israel.