Nadia Read Thaele, the founder and CEO of LIO Global, a leading specialist firm in second residency and citizenship by investment, says the demand for Caribbean property as a means to obtain a second passport has spiked."They are concerned not just about the economic outlook for the country but policies around expropriation and taxation of the wealthy," she said.
"These programmes generally allow you to invest in property or pay a sum of money as a government contribution," she explained. "A major advantage of the Caribbean programmes is that South Africans do not need to leave home to secure citizenship and there are no language tests or requirement to reside in the countries for any period of time. The countries are also tax-friendly jurisdictions," she added.
"The Caribbean programmes offer an easy route to citizenship in as little as three to six months, depending on the programme. The passports offer visa-free travel access to the UK and Euro Zone for up to 90 out of 180 days, and either China or Hong Kong depending on the country.