Cheapest Second Passport 2026: 10 Options Under $150,000
How the Caribbean CBI Market Works
The Caribbean's citizenship-by-investment (CBI) programmes are the most developed market for fast, straightforward second passports. Five island nations — Dominica, St Kitts & Nevis, St Lucia, Grenada, and Antigua & Barbuda — compete directly for investors, keeping prices relatively competitive and processing standards relatively high (OECD due diligence requirements apply to all of them).
What they all offer:
- Citizenship and passport without residency requirement
- UK and Schengen visa-free travel
- Processing times of 45-120 days
- No interview required
- Family packages available
The Cheapest Options
Dominica — From $100,000
Dominica (not to be confused with the Dominican Republic) offers citizenship from $100,000 for a single applicant via a non-refundable donation to the Economic Diversification Fund.
Family option: $175,000 includes a main applicant and dependent spouse.
Dominica's passport provides visa-free access to the UK, Schengen, Singapore, Hong Kong, and 140+ countries. It does not provide visa-free US access (none of the Caribbean programmes do).
Processing: 45-60 business days.
St Lucia — From $100,000
St Lucia's National Economic Fund option starts at $100,000 for a single applicant. As with Dominica, this is a non-refundable donation with no asset received.
St Lucia is considered by many programme advisers to have the best due diligence process of the Caribbean programmes, making the passport highly regarded by immigration authorities globally.
Processing: 60-90 days.
Antigua and Barbuda — From $100,000 (donation) or $230,000 (real estate)
Antigua's National Development Fund donation route starts at $100,000. The island is one of the more developed of the five, with significant real estate and tourism infrastructure.
Notable: Antigua requires just 5 days of residence in the first 5 years after citizenship is granted.
Grenada — From $150,000
Grenada's programme starts at $150,000 for the donation route. Grenada is notably the only Caribbean CBI programme that provides access to the US E-2 investor visa — Grenada has a relevant treaty with the US. This makes Grenada citizenship useful for people who want a path to US residence.
St Kitts & Nevis — From $250,000
St Kitts is historically the oldest and most prestigious of the Caribbean programmes (founded 1984). Prices have increased significantly in recent years. The Sustainable Island State Contribution starts at $250,000 for a single applicant — no longer the cheapest option, but still well-regarded.
Beyond the Caribbean
Vanuatu — From $130,000
Vanuatu, a Pacific island nation, offers the world's fastest citizenship-by-investment programme: typically 30-60 days from application to passport. The investment is a non-refundable contribution starting at $130,000.
Vanuatu's programme has faced scrutiny — the EU temporarily suspended visa-free access for Vanuatu passport holders in 2022 and has restored it with conditions. Due diligence processes have been strengthened. The passport provides visa-free UK and Schengen access, though the programme's history of compliance issues means some advisers recommend it only for certain applicant profiles.
What These Passports Can't Do
It's important to be clear about what a $100,000 Caribbean passport provides and doesn't provide.
It provides:
- A second citizenship and passport
- Visa-free travel to 140+ countries including UK and Schengen
- Potential tax planning options (if you establish genuine residency in the Caribbean)
- An insurance policy — a travel document that isn't your home country's
- US visa-free access (except Grenada's E-2 route)
- An EU passport (for that you need Malta or Cyprus naturalisation — minimum $1 million+)
- Automatic tax benefits (tax planning still requires genuine residency changes)
The Honest Calculation
A Dominica passport at $100,000 plus fees (legal, due diligence, government): total cost approximately $120,000-140,000 all-in for a single applicant.
For that, you get a legitimate second citizenship, a second passport usable for international travel, and options for tax and residency planning. The value calculation depends entirely on your individual situation — but for many international businesspeople, the cost is easily justified by the planning flexibility it creates.