{"id":40369,"date":"2022-08-08T16:54:26","date_gmt":"2022-08-08T12:54:26","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=40369"},"modified":"2022-08-25T18:01:36","modified_gmt":"2022-08-25T14:01:36","slug":"applying-for-a-second-passport-as-a-large-family-all-you-need-to-know","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/applying-for-a-second-passport-as-a-large-family-all-you-need-to-know\/","title":{"rendered":"Applying for a Second Passport as a Large Family: All You Need to Know"},"content":{"rendered":"

Citizenship by investment is a highly popular venture in the Middle East and North Africa (MENA) region, and for good reason, the process awards applicants with a second citizenship and a robust passport in exchange for an affordable contribution to the economy.<\/span><\/p>\n

Another major driver for citizenship by investment<\/a> in the MENA is its inclusivity, as investors can add – theoretically – their entire family members to a Caribbean citizenship application, including their spouse, dependent children, siblings, parents, and grandparents, all under one investment.<\/span><\/p>\n

However, in terms of large families, it becomes extremely important to understand which citizenship by investment program offers the most inclusivity and the best price. It is also crucial to understand the laws and regulations of adding family members to an application.<\/span><\/p>\n

Inclusivity<\/span><\/span><\/strong><\/em><\/h3>\n

In terms of inclusivity, all five of the Caribbean nations offering citizenship by investment programs, Antigua & Barbuda<\/a>, Dominica<\/a>, Grenada<\/a>, St Kitts & Nevis<\/a>, and St Lucia<\/a>, have similarly structured qualifications for dependent children, parents, and grandparents, albeit with slight variation.<\/span><\/p>\n

Cost<\/strong><\/em><\/h3>\n

In terms of affordability for large families, Antigua & Barbuda<\/a> directly addresses the issue through its University of West Indies Fund (UWI), which is tailormade for families with six or more members.<\/span><\/p>\n

Find out the 5 reasons why you should invest in European residency<\/a><\/strong><\/em><\/p>\n

The UWI investment option, which requires a USD150,000 donation for a family of six to qualify, makes Antigua & Barbuda the most affordable for large families. And as the family composition grows, so does the gap between Antigua’s option and the rest. Readers can check a comprehensive analysis on the matter in our dedicated blog piece about the cost for large families <\/span>here<\/span><\/a>.<\/span><\/p>\n

\"Citizenship

In terms of large families, it’s important to understand which citizenship by investment program offers the most inclusivity and the best price.<\/p><\/div>\n

Laws & Regulation<\/span>s<\/span><\/span><\/strong><\/em><\/h3>\n

The laws and regulations concerning adding family members to a citizenship by investment application are roughly similar between all the Caribbean nations, with slight deviations in terms of age cutoffs and the addition of siblings.\u00a0<\/span>\u00a0<\/span><\/p>\n

There are, however, various similarities that one must take into consideration before pursuing an application, such as the definition of a dependent.\u00a0<\/span>\u00a0<\/span><\/p>\n

To qualify as a dependent, a person must be wholly financially reliant on the main applicant and\/or spouse. This rule applies to all family members. The second qualification, which only applies to dependent children and siblings, is that they must not be married. The parents and grandparents of the main applicant and spouse can, of course, be married, but they must still rely financially on the main applicant or spouse.<\/span><\/p>\n

There are some more components that one must consider. In the case of children from an older marriage or divorce for example. An applicant can add all their dependent children from current or previous marriages to the application as long as they meet the two main requirements, which are being financially dependent and single.\u00a0<\/span>\u00a0<\/span><\/p>\n

This also goes for children from multiple marriages, which is an important matter on its own. In the Caribbean, the governments do not recognize multiple marriages or polygamy, so they only consider the first wife of the main applicant as a spouse. To that end, an applicant can only add their first wife to an application.<\/span><\/p>\n

Learn All You Need to Know About Second Passport for Large Families in this Video<\/strong><\/em><\/p>\n

Learn more about how a second citizenship can boost your child\u2019s education and career here<\/span><\/span><\/a><\/strong><\/em><\/p>\n