PLAY | INVESTMENT
or more routes – a one-off payment to the country , or investment in real estate .
There are advantages to both routes . Donation offers applicants not just the cheapest route ( from as little as US $ 100,000 ), but the most philanthropic , with donations supporting the socioeconomic development of the country . Using funds from its CBI program , Dominica has built primary schools and health centres and is constructing an international airport . Antigua & Barbuda has utilised funds from its program to help reconstruct Barbuda following devastation in 2007 from a hurricane , as well as launch many of the island ’ s sustainable initiatives .
The second route , via investment in real estate , is more expensive ( from US $ 200,000 ), but one with obvious added value , giving applicants a source of income or a second home should they wish to relocate .
Investment is allowed only in governmentapproved real estate , from resorts to hotel rooms , serviced apartments to offices , with specialist companies on hand to manage them and most offering attractive ROI .
Take Antigua & Barbuda , where property on the island is growing in value by 1.5 % to 3 % per year due to the islands ’ tourism growth with more than 300,000 tourists visiting annually . St Kitts also enjoys a thriving tourism sector with a busy cruise season , and is a popular off-the-grid destination for American holidaymakers .
The ROI potential is even more of a pull when you consider that many of these Caribbean nations put sustainability and preservation of nature top of their agenda .
While Dominica , aka the ‘ Nature Isle ’, and home to the world ’ s second longest-running CBI program , has plans to become the world ’ s first climate-resilient nation , Antigua was named 2021 ’ s Emerging Sustainable Destination of the Year by Lonely Planet for its pioneering initiatives to ensure the island ’ s beauty is preserved . The twin island nation has established the Green Corridor , a collection of eco-friendly hotels , resorts and businesses on its southwest coast .
This focus on sustainability is making these islands increasingly attractive for travellers as green travel becomes the prevalent choice , in turn making investment in real estate in such countries also attractive .
READ THE FULL STORY
businesschief . com 109