WALL STREET JOURNAL--- Caribbean Exchange: Invest in Property and Get Citizenship
Friday, October 3, 2014 at 1:48AM CARIBBEAN CIPs features in leading newspaper:
Caribbean Exchange: Invest in Property and Get Citizenship
With Lending Tight, Several Island Nations Are Financing Resort Projects by Selling Citizenship
By KRIS HUDSON CONNECT Sept. 30, 2014 12:37 p.m. ET CLICK FOR FULL ARTICLE
With lending still tight in the Caribbean, several island nations are embracing an unorthodox method of financing resort and villa projects: selling citizenship.
The Caribbean vacation-home market has seen an uneven recovery from the downturn. Sales volumes and prices for existing homes are rising in larger markets and those with direct flights to the U.S. But new construction of resorts and for-sale villas remains hobbled, especially in smaller nations eschewed by most conventional lenders.
One solution for islands such as St. Kitts, Nevis, Grenada and Antigua has been to grant citizenship to qualified investors who agree to spend several hundred thousand dollars buying home lots or investing in hotel projects there... CLICK FOR MORE