Caribbean islands are now selling citizenship at a discount - R2.5 million per family - News Summed Up

Caribbean islands are now selling citizenship at a discount - R2.5 million per family


In the Caribbean, some nations are offering steep discounts to bring in extra revenue amid a cash crunch. Through December 1, the island nation Saint Kitts and Nevis is selling a four-person family package for $150,000 (R2.5 million) - down from $190,000 (R3.2 million), in exchange for a minimum real-estate purchase of $200,000 (R3.36 million) that must be held for at least seven years. The Caribbean country's passport ranks roughly in line with Mexico's, according to the world Passport Index. And, perhaps more intriguing for South Africans, the passport's good for visa-less travel to the European Union and the UK, among others. According to Henley & Partners, a London-based passport broker and "identity management" firm, there's been a 42% uptick in citizenship applications.


Source: News 24 July 12, 2020 14:48 UTC



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