Yahoo Finance - Own Property, Get a Passport: These Caribbean Islands Offer Citizenship Through Real Estate

It's almost impossible to visit a Caribbean island and not fantasize about owning property there. Did you know you can make that dream come true and get dual-citizenship for as little as $200,000?

Five Caribbean nations offer citizenship-by-investment programs for qualifying real estate purchases. You can choose from the following countries, including:

Antigua and Barbuda ($300,000)

Grenada ($270,000)

Dominica ($200,000)

St. Kitts and Nevis ($325,000)

St. Lucia ($300,000)

Each country's program has different individual requirements. St. Lucia's program requires buyers to purchase a government-approved property, which is usually a hotel or resort. Dominica's program carries what it calls "government fees," which start at $75,000 per applicant. You may also be required to maintain title to the property for a minimum period, and the application processing time varies by country.

Passport holders from any of these countries are eligible for visa-free travel to the U.K. and the Schengen Zone. This allows them to spend up to 180 days in the U.K. or a maximum of 90 days per 180-day period in the Schengen Zone. That's in addition to the potential income you can realize from owning property in any of these countries, which are all popular vacation destinations.

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