Why Caribbean passports are losing their shine
The era of citizenship-by-donation is fading fast. Here's what to consider instead — solid investments in Paraguay and beyond.
Max Levoshin
1 min read
Caribbean passports are losing relevance fast
We live in an unstable world. Any country can change its rules overnight. One passport is a risk, two is better, and three is smart diversification.
Citizenship-by-donation is becoming history
The era of "cacao funds" is winding down:
— Banks won't open accounts for holders of these passports
— The EU is tightening visa issuance
— Programs with no real investment behind them keep losing credibility
The alternative — real investment
The better route is putting money into a business or property in a country with a functioning economy. Take Paraguay:
— Visa-free access to Schengen
— 0% tax on foreign income
— Straightforward citizenship for genuine investors
— No headaches with EU and US banks