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Residence permit in Europe or citizenship in the Caribbean?

Kristina Kurkuliak
24 June 2020

Content

When choosing where to immigrate, many wealthy foreigners have a choice: a residence permit in Europe or a second Caribbean passport. Each type of government programs has its advantages and disadvantages. Which is more preferable? According to Migronis experts, it all depends on the goals of the applicant. Let’s explore.

Benefits of a residence permit in Europe

A European residence permit makes an investor a full member of the local community. A European residence permit is the first step towards obtaining EU citizenship. This status will allow you to properly study the country of residence and Europe as a whole, so that in the future, you get a second passport without many doubts or obstacles. It makes sense to choose the option with a residence permit if you need:

The holder of a European residence permit, as a rule, receives equal rights with the local population. Some programs allow you to legally find a job, take part in political life, and receive social benefits. This is interesting: only extremely serious reasons can deprive a person of residence permit status. Although the authorities in Europe have a strong view on compliance with laws, minor offenses (like fines for improper parking) are not so strict. Among all existing programs for obtaining a residence permit, the simplest conditions are for Portugal and Greece. Consider their main advantages and disadvantages. Portugal Pros:

Cons: 

Greece Pros:

Cons: 

Benefits of the Caribbean Passport

RESIDENCE PERMIT IN EUROPE OR CITIZENSHIP IN THE CARIBBEAN

A Caribbean passport does not only grant free access to the EU. With the help of an investment program, you can also get a solid profit from the hotel business. In the Caribbean, you can get a second citizenship in three types of programs: subsidies, buying real estate and investing in business. In one of the countries it is also possible to buy government bonds. These conditions are offered by:

The most popular citizenship programs are related to real estate. That’s due to the inclusion of Caribbean passport holders in the list of citizenships that open visa-free access to the Schengen area. In addition, a Caribbean passport allows you to get a long-term visa for the United States and Canada. Buying property on the islands is a dream come true. After all, you can become the owner of a luxury villa on the picturesque coast of paradise on Earth. A big feature of the Caribbean islands is the active development of development projects. Over the past 6–7 years, the world’s largest developers and hotel chains have come to the islands. Investors are offered very favorable conditions: you can not only live in a chic flat or a bungalow for several weeks a year, but also receive income from the management company – up to 8%. Unlike European residence permits, Caribbean passports are relatively inexpensive. About 5 years ago, starting investments were in the range of $400,000. Now, countries have significantly lowered their entry threshold. In addition, each program has special advantages.

Тип инвестиций Сумма
Невозвратные инвестиции в фонд около $227 тыс.
Инвестиции в недвижимость около $297 тыс.

Summary

A residence permit for Europe will be the best option for those who want to travel freely and live in Schengen. An important plus is the relative proximity of European states to Russia – for example, a flight from Moscow to Portugal will take about 5.5 hours. Europe offers investors comfortable conditions for doing business and optimizing taxes. And the family of a wealthy foreigner is provided with high-quality education and medical care. A Caribbean passport also opens a visa-free Schengen. In addition, you get the opportunity to purchase a home by the sea in one of the most beautiful corners of the Earth. And when investing in the hotel business – a solid profit. Note that program conditions and fees vary from time to time. To be sure of your choice, you can use a special calculator on our website. Just indicate the number of people in the application, their age and get an individual calculation based on your options.

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