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As a result, various nations within the island are selling citizenships in order to finance resort projects. For example in St. Kitts, Christophe harbour, have teamed up with the government where they are going to provide citizenship to qualified applicants. One of the qualifications is to invest at least $400,000 in a project known as Christophe Harbour Development. This has extended from St. Kitts to Antigua and Grenada. These infusions are meant to increase tourist attractions and on the other hand the investors to get Caribbean passports.
The main purpose of this article, as described above, is to analyse and present the average view of the issue of Caribbean nations on investing using citizenship. The author’s main arguments are his analysis and are based on the positive view. However, on this whole issue, this is one unorthodox way of financing resorts and villas. As a result, the Caribbean vacation home is experiencing an irrational recovery; there is new construction everywhere this is especially in the smaller nations disdained by the conservative lenders. Although this citizenship by investment seems to be a good move for the economy of the countries, there are some factors that they have not considered. For example, they are devaluing the citizenship of these countries. These nations are at the risk of vetting their applicants with lax, which in turn will make other countries place even greater laws and restrictions to all the travellers in Caribbean’s passports.
Although the author has used some comments given by people in government, the paper is biased and limited to the people in power. He does not give the common man a chance to express his view on the matter. As a result, he is not entirely able to be objective in writing his view on the article.
Hudson, Kris., Caribbean Exchange: Invest In property and Get Citizenship. Wall Street Article. Wall Street Journal. (2014)
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