Where to buy a passport with a discount of up to 50%? Comparison of crown discounts

There are many specialized supermarkets offering a wide variety of products: building materials, food, computer hardware, household appliances, and so on. Now imagine a supermarket that sells passports. Yes, there is one. It's about the Caribbean.







And right now, the "brands" represented there are organizing a serious sale in order to raise money to eliminate the consequences of the coronavirus crisis. Where and how to get the optimal Caribbean passport with a substantial discount, applying for citizenship by investment or subsidy? Let's try to figure it out!

Saint Kitts and Nevis: 23 percent family discount through 2020

The low-tax jurisdiction, in which the economic citizenship program has been operating since 1984, in July of this year temporarily lowered the mandatory non-refundable payment to the Sustainable Growth Fund for applicants with families by 23 percent, and also introduced a stamp duty discount for those applying for citizenship for real estate. In both cases, discounts are valid until the end of the current year. 

To take advantage of the discount on stamp duty (developers will stop shifting costs to home buyers by overstating the price), you need to buy real estate in a development project approved by the authorities by spending from US $ 200 thousand or from US $ 400 thousand and getting the right to exit the investment in 7 or 5 years, respectively.



Interestingly, in 2014, Pavel Durov managed to buy a passport of Saint Kitts and Nevis. All readers who thought to do the same, but for some reason postponed this step, can now receive a second citizenship like Durov's at a discount. But it should be remembered that from the new year prices will return to their previous level.

Saint Lucia: 50% off Citizenship Bonds by Year End

Saint Lucia, which started issuing investor passports relatively recently (in 2016), also offered a limited-time promotion (50% discount on passports for bonds until the end of the year), complementing it with permanent discounts on citizenship for a subsidy.



But these are not all innovations. It is now allowed to include underage siblings of the candidate and / or his spouse, children under the age of 30 (previously the maximum age was 25) and parents over the age of 55 (previously the minimum age was 65). The fee for providing passports to newborn children was also reduced.

: 6 +

Unlike its competitors, this country did not lower the minimum cost thresholds within the framework of already existing financial routes to its citizenship, but made a "knight's move" and introduced a fundamentally new one, taking into account its advantages over neighboring countries.



On the island of Antigua, the University of the West Indies campus has recently expanded, which is a top regional university. Neither Saint Lucia nor Saint Kitts is able to offer anything like this, with much more moderate success in educational infrastructure development.



Antiguans decided to take advantage of this advantage by offering wealthy foreigners the opportunity to apply for a set of passports for a gratuitous grant to the University of the West Indies Foundation. And the amount is quite lifting.







A family of 6 is charged US $ 150,000, including handling fees. If any additional dependent is included in the application, it will be necessary to pay another US $ 15 thousand on top. In return for this money, the family can receive not only a set of passports, but also the right to study at the mentioned university for a year for one of its members as a bonus.

Dominica: Discount on a set of passports for a family of 4 and not only

Here, the economic citizenship program has been functioning properly since 1991, and its rules have changed frequently. The next package of amendments made Dominica's investor passports more accessible for large families making a gratuitous subsidy to the state fund in order to obtain such documents.

There are other innovations as well. Thus, the list of persons who can be included in the collective application for economic citizenship was expanded by adding to it biological or legally adopted / adopted brothers and sisters of the main candidate or his spouse under the age of 25. For their addition, they ask for US $ 50 thousand from each. The application can also include children under 30 years old, parents over 55 years old, grandparents.



It became possible to supplement the application after obtaining citizenship by the main candidate through the inclusion of newborn or adopted children, a new spouse (if the marriage took place after obtaining citizenship), as well as other dependents. The application can be expanded in this way, subject to the payment of a copayment, the amount of which varies depending on the category of the dependent.

Malta: European boutique where you can still buy your passport at the old price (40% off)

And, finally, we will consider another option that has nothing to do with the Caribbean, but, despite this, deserves increased attention. We are talking about the economic citizenship of Malta, which has been available to investors since 2014. To obtain it, a combination of financial investments is required (subsidy + purchase of securities + purchase or lease of real estate), while in the Caribbean, you can choose one thing.



In the fall of 2020, the cost of a Maltese investor passport is expected to rise significantly. If you want to "jump on the last car", you need to hurry up: applications from those wishing to receive a document at the old price are accepted until August 14. Information on current financial conditions and proposed changes (not yet approved) is in the table below.

* Such an investment allows you to obtain citizenship in 1 year. Alternatively, you can pay 600,000 euros, but you will have to wait for 3 years.



Now for economic citizenship in the case of buying a home and an annual wait, they ask for 1.15 million euros (650,000 euros in subsidies + 150,000 euros for shares + 350,000 euros for real estate). According to the new rules, 1.6 million euros will already be required (750,000 euros in subsidies + 150,000 euros for shares + 700,000 euros for real estate) That is, the difference between the new and old prices is almost 40 percent.



Summing up, we can say that countries that grant citizenship by investment very often revise the conditions of the relevant programs in an effort to make them even more attractive and competitive.



That is why it is difficult to overestimate the help of a knowledgeable specialist in the field of investment migration, who will help you choose the best offer, taking into account the needs, wishes and capabilities of a particular person, as well as starting from current promotions and discounts.



Learn more about what economic citizenship is and why you need it in a fresh series of articles:

• Citizenship by Investment: How to Buy a Passport? (part 1 of 3)
• Citizenship by Investment: How to Buy a Passport? (part 2 of 3)
• Citizenship by Investment: How to Buy a Passport? (part 3 of 3)

Have questions? Leave them in the comments. We will try to give detailed answers.