The Dutch Caribbean Island of Curaçao has announced the latest updates to its Investor Permit Program, which is targeted towards encouraging investment in the territory by attracting high-net-worth individuals and their families.
First launched in 2014, the government of Curaçao put this initiative in place as part of efforts to boost and spur more foreign direct investment inflows into the island.
Now, the Curaçao Investor Permit Program (CIIP) has taken its offer up a notch by making it possible for investors who participate in the program and make sizeable investments to apply for Dutch citizenship and automatically become European Union citizens after five years.
This will give investors access to one of the most powerful passports on earth, which allows easy access to over 180 nations of the world.
Curaçao is a Caribbean island, situated north of Venezuela, and became an autonomous nation under the Kingdom of the Netherlands, in 2010.
To become eligible for the permit, the investor can buy real estate (residential or commercial), acquire a local business, or invest in securities listed on the Dutch Caribbean Security Exchange (DCSX) under specific rules.
The categories include offerings of 3, 5, and indefinite years of residence for investments worth US$280,000, US$425,000, and US$850,000 respectively.
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