In recent years, a growing number of wealthy Nigerians and business owners have been exploring Caribbean citizenship by investment (CBI). But before you pour tens (or hundreds) of thousands of dollars into a second passport, you need to ask:
What’s the real benefit?
Is it worth the cost?
Are the promises too good to be true?
Let’s break it down.
What Is Citizenship by Investment (CBI)?
CBI programs allow foreigners to obtain second citizenship (and a passport) by making a significant financial investment in a country — usually through:
A government donation
Real estate purchase
Approved business investment
Popular Caribbean CBI countries include Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, Grenada, and Dominica.
Why Do Nigerians Consider a Caribbean Passport?
Visa-Free Travel: Many Caribbean passports offer access to 140+ countries without a visa, including the EU Schengen zone and the UK.
Global Business Flexibility: Easier cross-border transactions, offshore banking, and asset protection.
Plan B Citizenship: Security against political or economic instability at home.
Family Benefits: Most programs cover spouses, children, and sometimes even parents.
How Much Does It Cost?
CBI isn’t cheap.
- Government donations usually start at $100,000 USD (excluding fees).
- Real estate investments often require $200,000–$400,000 USD minimum.
- There are also legal fees, due diligence checks, and processing costs.
For most Nigerians, this is a wealth protection or mobility strategy — not a shortcut to live or work in Europe or the US.
Things to Watch Out For
Watch out for unlicensed “agents” promising fake or illegal passports.
Understand that a Caribbean passport won’t guarantee US or Canadian residency or work rights.
Always review the tax, legal, and financial implications before you invest.
Loyalty Travels: Trusted Guidance for High-Net-Worth Nigerians
At Loyalty Travels and Logistics Ltd, we help discerning Nigerian clients navigate complex international programs like second citizenship, global residency, and business migration. We’ll help you understand the real pros and cons — and connect you only with licensed, reputable partners.
#SecondPassport #CBI #CaribbeanCitizenship #NigerianInvestors #JapaWithLoyalty #GlobalMobility #SecureYourFuture #LoyaltyTravels