Caribbean islands selling citizenships

Published: Wednesday | February 13, 2013 Comments 0

KINGSTON, Jamaica (AP):

Hadi Mezawi has never set foot on the Caribbean island of Dominica, has never seen its rainforests or black-sand beaches. But he's one of its newest citizens.

Without leaving his home in the United Arab Emirates, the Palestinian man recently received a brand new Dominican passport after sending a roughly $100,000 contribution to the tropical nation half a world away.

"At the start I was a little worried that it might be a fraud, but the process turned out to be quite smooth and simple. Now, I am a Dominican," said Mezawi, who like many Palestinians had not been recognised as a citizen of any country. That passport will help with travel for his job with a Brazilian food processing company, he said by telephone from Dubai.

hassle-free travel

Turmoil in the Middle East and North Africa has led to a surge of interest in programmes that let investors buy citizenship or residence in countries around the world in return for a healthy contribution or investment. Most are seeking a second passport for hassle-free travel or a ready escape hatch in case things get worse at home.

Nowhere is it easier or faster than in the minuscule Eastern Caribbean nations of Dominica and St Kitts & Nevis.

It's such a booming business that a Dubai-based company is building a 4 square-mile (10 square-kilometre) community in St Kitts where investors can buy property and citizenship at the same time. In its first phase, some 375 shareholders will get citizenship by investing $400,000 each in the project, which is expected to include a 200-room hotel and a mega-yacht marina. Others will get passports for buying one of 50 condominium units.

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