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Markets in Everything: Citizenship

February 15, 2013

The AP reports

Turmoil in the Middle East and North Africa has led to a surge of interest in programs 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-kilometer) 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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2 Comments
  1. February 15, 2013 7:02 pm

    Yeah, let me know when it hits the $200 range. The only option for us lower-middle class is squatting.

  2. Nobilis Reed permalink
    February 19, 2013 12:22 am

    This reminds me of early forms of “democracy” (that is, in the Ancient Greek rather than modern variety) where only landowners had the vote.

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