Indiatimes | The Times of India | The Economic Times | More


| Log In | Sign Up |




Home City India World You are here: Home » India Business Tech Sports Entertainment Life & Style Women Hotklix Spirituality NRI Real Estate Photos

The Times of India

Advanced Search »

Times Now



Caribbean nations wooing Indian immigrants with attractive citizenship-for-cash offers
Padmaparna Ghosh, TNN | Aug 11, 2013, 06.14 AM IST

Connect with us

Citizenship By Investment
Fast Track Solutions. Freedom to travel worldwide.

LIC Life Insurance Plans
Invest Rs.543/Month & Get Rs. 1 Cr. Life Cover+Medical Benefit. Buy Now
Ads by Google


Indian Immigrants. | Caribbean Nations | Oprah Winfrey | Giorgio Armani | Antigua And Barbuda

Soon, cricket may not be the only connection Indians have with the Caribbean. Countries like St Kitts & Nevis, Dominica and Antigua have rolled out attractive citizenship-for-cash programs to woo Indian immigrants. The latest to launch a citizenship-by-investment (CIP) program is Antigua & Barbuda, a tiny independent Commonwealth state in the eastern Caribbean which will open up its borders to other nationals in a month. It is giving full citizenship for an investment of at least $400,000 (about Rs 2.4 crore) in an approved real estate project. A St Kitts citizenship, too, comes for $400, 000 while tiny tropical Dominica is even cheaper at $100,000 (Rs 60,70,000). Both countries have set their sights on wealthy Chinese as well as Indian immigrants. "Since the program was announced in March, we have had a number of inquiries from Indian citizens. Most of them view it as a lifestyle investment," says Jason Taylor, CEO, Janik Partners, an Antigua-based company that specializes in CIP. So what are the advantages of an Antigua and Barbuda passport besides the tropical breeze, swaying palm trees and white sand beaches, of course? An Antigua passport can get you visa-free travel to 126 countries including Canada, Hong Kong, Singapore, the UK and Europe. St Kitts gets you over 100 countries. An Indian passport only gets you 55 countries. As a Commonwealth citizen, one also receives certain preferential treatment in the UK. For example, your children may enter the UK to study without first having to apply for student visas. After studying, they may work there for two years without a work permit.

comments RELATED



Jenner Jose debuts with a film on America’s illegal 4 Indian immigrants Oprah Winfrey gets Swiss Share apology for 'racist' treatment Share More Lohan strikes $2mn deal with Winfrey? Lohan cancels Europe trip AA on Winfrey's advice LiLo to make $2million from tell­all Oprah show

Eric Major, CEO, Henley & Partners, the global leader in international residence and citizenship planning, says, "Most Asian clients are keen on providing a western education for their children, and this is one of their primary reasons for seeking a citizenship. Another reason is mobility thanks to visa-free travel." Henley & Partners recently advised the Antiguan government on the design, implementation and administration of its CIP and also reformed the CIP of St Kitts & Nevis. Major adds that about 20% of its overall clientele for immediate citizenships are Indians, many of them NRIs. "We get about a 1,000 such applications each year in total and the overall numbers are growing. NRIs account for much of the demand because of the Dubai situation. Even though many Indians work there, most don't have the privileges of residency. Those who have done well there but don't have status often want a better standing, passport ranking wise. This is the new breed of people we call global citizens and we are helping them become that," says Major.

St Kitts has the world's oldest CIP that was launched in 1984.. "Berlusconi". New Republic Recommended by Modi still feels pain of Gujarat riots: Rajnath Bhatkal’s bomb experiment failed in Pune Jagan still on IV fluids.That the Caribbean nations are serious about Indian immigrants became clear when Denzil Douglas.. successful and in businesses that generate a lot of cash very quickly. Asaram interrogated. such as property and real Economy.00.. If that isn't enough.SREI.. Opps Fund Associates. The country's CIP unit did not respond to emails. A vast majority of our clients for CIP may apply from US or Dubai (NRIs). Giorgio Armani.000) investment house in Antigua get you? "European finish. Issue Closes on 17th Sept. Italian designs. BJP divided over PM candidate?. Invest Now! : estate. very » with Read more Provides Exposure To The Best Of The U." says Taylor. German kitchens. Ads by Google RPN Singh urges party workers to disseminate information among people on Food Security Bill 'Arab wedding' brings to focus vulnerability of poor women Centre plans to raise women headcount in police force Sonia Gandhi to fly to the US for medical check­up ALSO ON TOI Vadodara's youth brigade gears. Log in to post this comment Your comment TOP STORIES . Share your views More from The Times of India Balraj Sahni’s house grabbed by land mafia 09 Aug 2013 Teen hacks father to death for violent sex with mother 08 Aug 2013 Youth held for strangulating 20-year-old girl on railway tracks 09 Aug 2013 Dogs can sniff out cancer with 100% accuracy: Study 11 Aug 2013 From Around the Web Hidden Wi-Fi Dangers Revealed MobileSecurity. requested Indians to look at its citizenship program and invest in it.S. remanded . managing director. Timothy Dalton and. Perfect China Incentive visits Australia Australia Business Events Cause Of Yuri Gagarin Death Finally Revealed By Fellow Cosmonaut redOrbit FEATURED TODAY IN INDIA Fundamentalists threaten Israel. NCD.75% p. Westkin Franklin U. the island also boasts the presence of celebrities like Oprah Winfrey.. Gujarat: TOI­Claris T20 school..franklintempletonmutualfund.. but stabilizing Asaram capable of sexual assault: Police Earn up to 11. Yasin Bhatkal's handler was Pakistani army lieutenant colonel Yasin Bhatkal admits to have orchestrated Hyderabad blasts in February Follow the Times of India ­ India section Like 61k Search for News Search more SHARE YOUR VIEWS ­ POST YOUR COMMENT BELOW We encourage you to log in and Hi there. PM of St Kitts." And what will a $ ­ Invest with SREI NCD's. a London-based immigration law firm says..40. Double your Money.. Login with your Facebook ID to see what your friends are reading on Times of India.. Indians often www. so that the quickly processed St Kitts passport can give them easy access to the world till they get a UK passport after six years. Non­logged­in comments will go through a verification process for security reasons. who was in India in April.a. Meet the women stopping them. "They are mostly married kids. Taylor adds with an embarrassed laugh. India Armani is prestigious: Giorgio Armani But what is the profile of potential Indian customers? Amir start UK citizenship and St Kitts CIP applications simultaneously.000 (about Rs 2. Govt mulling proposal to shut . whose company is also developing luxury real estate projects meant for CIP investments.

Sign up to vote on this title
UsefulNot useful