In late 2019, right before Covid-1984 and Tony “the Science” Fauci became household names, Sovereign Man hosted an event for our Total Access members on the idyllic island of St. Lucia.
As is customary for these intimate get-togethers, we invited a leading local law firm, real estate developers, as well as some local banking reps to deliver insightful presentations to our members.
But our keynote speaker was none other than the sitting St Lucian prime minister, Allen Chastanet.
Hailing from a business background, Chastanet is an impressive figure with exceptional insights into subjects like national identity and Citizenship By Investment (or CBI, for short).
Having a second passport is like having a life insurance policy against sovereign risk. Against government overreach in your home country. Against the Black Swan events no one sees coming.
And having a second passport means that you will always have another home country to go to, should you ever be faced with another lockdown… Or the threat of nuclear war… or some climate related disaster in your home country.
(This thinking is NOT alarmist; the past few years have proven that these risks aren’t hypothetical.)
It also means being able to pass the benefit of greater travel freedom and the ability to live, work and study in at least one other country to your children.
And for folks who aren’t part of what we call the “Lucky Bloodline Club” – i.e. those who can obtain second passports based on their ancestry – Citizenship By Investment programs offer a fast way to obtain alternative citizenship – and a second passport – by making an investment or donation.
(These are typically priced from around $100,000+ excluding fees.)
Now, Bolshevik news outlets like 60 Minutes love portraying CBI programs as somehow illegal, or immoral – but this couldn’t be farther from the truth.
CBI programs are based on official legislation in democratic sovereign nations. And for small Caribbean islands with limited resources and little tax revenue, these programs are a true boon.
At our 2019 event, Chastanet explained to our Total Access members that foreign powers are undermining St. Lucia’s sovereignty, as well as that of the other Caribbean CBI countries.
Ironically, governments in the US and Europe are perfectly fine with small island nations going deeper and deeper into debt each year.
CBI programs, in contrast, enable these countries to sell sovereign equity – which is really what citizenship is – in order to avoid falling into a sovereign debt trap.
But leftist media outlets tend to cherry-pick a handful of examples of instances where CBI passport holders were involved in wrongdoing to paint all CBI programs everywhere with a tar brush.
But this is bad logic.
It’s like saying that because some cartel bosses use iPhones, Apple facilitates criminal enterprise.
The reality is that governments like St. Lucia have an incentive to conduct due diligence on CBI applicants; they have a vested interest to ensure their new citizens are of upstanding moral character.
Is their due diligence perfect 100% of the time?
Of course not; but then again, which country can truly claim that theirs is? Even the United States immigration system occasionally lets a few criminals slip through the cracks and become green card holders or citizens.
Nonetheless, a few rotten apples out of tens of thousands of CBI applications was enough for the EU (and more recently the UK) to threaten CBI countries with revoking their visa-free travel privileges.
And in fact, both Vanuatu and Dominica recently lost their visa-free access to the UK. (Vanuatu also lost their EU access during May of 2022.)
Visa-free access to the Schengen Zone is arguably the largest selling point of any Caribbean CBI program, and no one wants to jeopardize this advantage.
So, last week, with a view to avoid a similar fate, St. Kitts acquiesced to demands by the EU and US to implement sweeping changes to their CBI program.
Most notably, St. Kitts and Nevis have DOUBLED their minimum donation and real estate investment amounts – effective immediately.
- The updated donation amounts are now as follows:
- Single applicant: $250,000 (previously $125,000)
- Applicant plus spouse: $300,000 (previously $150,000)
- Family of up to four: $350,000 (previously $170,000)
- Each additional minor dependent: $50,000 (previously $10,000)
- Each additional adult dependent: $75,000 (previously $25,000)
In addition, these numbers do NOT include the now increased due diligence fees.
Other notable modifications to the program include the introduction of mandatory online or in-person interviews for all applicants, and the exclusion of siblings and grandparents as qualifying dependents.
St. Kitts is home to the Caribbean’s flagship CBI program, and they made the first move. But it is reasonable to expect that other CBI countries will follow, raising their prices and redesigning their application procedures in the near future.
What can we learn from this?
As a result of the recent developments in St. Kitts, obtaining second citizenship by donation or investment is likely to become more expensive across the board.
That’s also why we’ve been pounding the table for over a decade, saying that:
When it comes to second residency and citizenship programs, if there’s a great deal on the table, then take swift action.
These deals can and do go away practically overnight – and the remaining options become both more expensive and increasingly onerous over time.
Fortunately, however, none of the other four Caribbean CBI programs have increased their prices – yet. Which means that you have a narrow-window opportunity to secure a second citizenship for half the price you can expect to pay in the future.
The passports of countries like Saint Lucia, Antigua and Barbuda as well as Grenada are very good travel documents, and these programs all enjoy solid international reputations.
Also, on that note…
There is still time to obtain a Caribbean passport at the current low prices – AND to benefit from massive supplier discounts – by joining Total Access…
As you may know, members of Total Access – our highest-end membership program – can obtain Caribbean passports for less than anyone else in the world.
For example: If you apply for a donation-based St. Lucian passport as a family of four via Total Access, you’ll save a whopping $20,000…
We asked our CBI providers in the other four Caribbean countries whether our TA members could still apply there before any potential changes take effect in their programs.
And for the moment, at least, it appears to be possible still.
Moreover, if you’re considering getting a CBI passport before the other programs increase their prices, you’re in luck, as Total Access enrolment is open right now (August 3, 2023).
(And these passport deals are just one of the many benefits we offer our TA members…)
Total Access is a tight-knit, exclusive community of successful, freedom-minded entrepreneurs, thinkers and doers. TA is also where we share the best private opportunities we come across, as well as other deals and opportunities that are too sensitive to put into print anywhere else.
If this sounds like a place where you could belong, then be sure to check out the program today.
But know this: The current low CBI passport pricing is not going to last long.
Moreover, we expect the handful of TA slots to sell out within the next few hours, so if you’ve got your heart set on one, move fast.
The bottom line
We will be updating our website and readers once we have more definitive details on how all of these changes are going to affect the relevant programs…
But as we have emphasized repeatedly: If you find a residency or citizenship program that appeals to you, act promptly. The world of immigration is highly unpredictable, and attractive options can and do vanish unexpectedly.
Yours in Freedom,
Team Sovereign Man