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The Caribbean islands that give you a passport if you buy a home

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Gemma Handy

Business reporter

Reporting fromSt John’s, Antigua
Nadia Dyson Nadia Dyson, owner of estate agency Luxury Locations, smiles at the camera as she stands on a beach in AntiguaNadia Dyson

Estate agent Nadia Dyson says there has been a big increase in the number of people seeking Antiguan citizenship

Scroll through homes for sale in the Eastern Caribbean and it is no longer just bewitching beaches and a laid-back lifestyle being touted to woo buyers.

More and more property listings are offering a passport too – and political and social volatility in the US is said to be fuelling an upsurge in interest.

Five of the region’s island nations – Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia – offer such citizenship by investment (CBI) from as little as $200,000 (£145,000).

Buy a home, and you also get a passport that grants the holder visa-free access to up to 150 countries including Europe’s Schengen area, and for all but Dominica, to the UK too.

For the wealthy, the islands’ absence of taxes such as capital gains and inheritance, and in some cases on income too, is another major draw. And all five of the region’s schemes allow buyers to retain their existing citizenship.

In Antigua, estate agents are struggling to keep up with demand, says Nadia Dyson, owner of Luxury Locations. “Up to 70% of all buyers right now are wanting citizenship, and the vast majority are from the US,” she tells the BBC.

“We don’t talk politics with them, but the unstable political landscape [in the US] is definitely a factor.

“This time last year, it was all lifestyle buyers and a few CBI. Now they’re all saying ‘I want a house with citizenship’. We’ve never sold so many before.”

Despite Antigua’s programme having no residency requirement, some purchasers are looking to relocate full-time, Ms Dyson says, adding: “A few have relocated already.”

US citizens account for the bulk of CBI applications in the Caribbean over the past year, according to investment migration experts Henley & Partners.

Ukraine, Turkey, Nigeria and China are among the other most frequent countries of origin of applicants, says the UK firm which has offices around the world.

It adds that overall applications for Caribbean CBI programmes have increased by 12% since the fourth quarter of 2024.

Getty Images A man holding a St Kitts passportGetty Images

Passports from the five island nations give the holder visa-free entry to most countries around the world

Everything from gun violence to antisemitism is putting Americans on tenterhooks, according to the consultancy’s Dominic Volek.

“Around 10-15% actually relocate. For most it’s an insurance policy against whatever they’re concerned about. Having a second citizenship is a good back-up plan,” he explains.

Mr Volek says the ease-of-travel advantages the Caribbean passports provide appeals to businesspeople, and may also present a security benefit. “Some US clients prefer to travel on a more politically-benign passport.”

Prior to the Covid pandemic, the US was not even on Henley’s “radar”, Mr Volek continues.

Movement restrictions proved “quite a shock” for affluent people used to travelling freely on private jets, prompting the first surge in stateside CBI applications. Interest ratcheted up again after the 2020 and 2024 US elections.

“There are Democrats that don’t like Trump but also Republicans that don’t like Democrats,” Mr Volek says.

“In the last two years we’ve gone from having zero offices in the US to eight across all major cities, with another two to three opening in the coming months.”

Robert Taylor, from Halifax in Canada, bought a property in Antigua where he plans to retire later this year.

He invested $200,000 just before the real estate threshold was raised to $300,000 last summer.

Not only does being a citizen avoid restrictions on length of stay, it also gives him the freedom to take advantage of business opportunities, he explains. “I chose Antigua because it has beautiful water, I find the people very, very friendly and it also means great weather for the later part of my life.”

Still, such programmes are not without controversy. When passport sales were first mooted in 2012 by the then Antiguan government as a way of propping up the ailing economy, some considered the ethics a little iffy.

Protesters took to the streets in condemnation, recalls former Speaker of the House Gisele Isaac. “There was a sense of nationalism; people felt we were selling our identity, so to speak, to people who knew nothing about us,” she says.

Leaders of some other Caribbean nations that do not offer CBIs have also been quick to criticise, including St Vincent and the Grenadines’ Prime Minister Ralph Gonsalves. He has previously said citizenship should not be “a commodity for sale”.

A beach in Antigua

The Caribbean’s appeal as a place to live is obvious

Among the international community, there are fears that lax oversight may help criminals get through their borders.

The European Union has threatened to withdraw its coveted visa-free access for Caribbean CBI countries, while the US has previously raised concerns over the potential for such schemes to be used as a vehicle for tax evasion and financial crime.

A European Commission spokesperson tells the BBC that it is “monitoring” the five Caribbean schemes, and has been in talks with their respective authorities since 2022.

She says an ongoing assessment is seeking to substantiate if citizenship by investment constitutes “an abuse of the visa-free regime those countries enjoy vis-à-vis the EU and whether it is likely to lead to security risks for the EU”.

The Commission has acknowledged reforms carried out by the islands, which it says will have an impact on its evaluation.

For their part, the five Caribbean nations have reacted angrily to claims that they are not doing enough to scrutinise applicants.

Dominica’s Prime Minister Roosevelt Skerrit has described his country’s CBI programme as “sound and transparent”, adding authorities had worked hard to ensure its integrity.

The government says passport sales have raised more than $1bn since the initiative’s inception in 1993, paying for vital infrastructure including a state-of-the-art hospital.

In St Lucia, Prime Minister Philip J Pierre says the island adheres to the highest standards of security to ensure its CBI does not inadvertently aid illicit activities.

The need to appease the world’s superpowers with raising revenue is a delicate balancing act for small Caribbean nations with meagre resources, dependent on the whims of tourism.

CBI programmes were labelled a lifeline at a regional industry summit in April, with funds used for everything from cleaning up after natural disasters to shoring up national pension schemes. Antigua’s Prime Minister Gaston Browne said money raised had brought his country back from the brink of bankruptcy over the past decade.

Aside from buying property, other routes to Caribbean citizenship through investment typically include a one-off donation to a national development fund or similar. They range from $200,000 in Dominica for a single applicant, to $250,000 for a main applicant and up to three qualifying dependents in Dominica and St Kitts. In Antigua, investors also have the option of donating $260,000 to the University of the West Indies.

In the face of international pressure, the islands have committed to new measures to bolster oversight, including establishing a regional regulator to set standards, monitor operations and ensure compliance.

Additionally, six principles agreed with the US include enhanced due diligence, regular audits, mandatory interviews with all applicants, and the removal of a loophole that previously enabled an applicant denied by one country to apply in another.

These days, passport sales account for 10-30% of the islands’ GDP.

Andre Huie, a journalist in St Kitts, says his country’s CBI scheme is “generally well supported” as a result. “The public understand the value of it to the economy, and appreciate what the government has been able to do with the money.”



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Cantor Fitzgerald Boosts Oracle (ORCL) Target as AI Demand Fuels Cloud Business

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Oracle Corporation (NYSE:ORCL) is one of the AI Stocks on Wall Street’s Radar.  On September 10, Cantor Fitzgerald analyst Thomas Blakey raised the price target on the stock to $400.00 (from $271.00) while maintaining an Overweight rating.

The price target raise follows Oracle’s booming AI-related contracts that are driving massive growth in its cloud business. The company reported 359% year-over-year growth in Remaining Performance Obligations (RPO), an increase of $317 billion.

It has also raised its Oracle Cloud Infrastructure (OCI) estimates with visibility and revenue guidance extending to fiscal year 2030. The firm sees upside potential when comparing the $317 billion to new contracts to the FY26-30 outlook.

Overall, the firm expects the stock to trade on long-term AI growth potential.

“RPO wowed investors with a 359% increase y/y and a $ increase of $317 billion as the who’s who of AI signed contracts with Oracle during the quarter. As a result, Oracle meaningfully increased its OCI estimates with visibility and OCI revenue guide out to F30, which appears to have more upside potential when comparing the $317b incremental contract signings to the cumulative F26-F30 OCI revenue guide. Given the dramatic shift upward in estimates, we believe shares will trade off out-year forecasts and note that our $400 PT is ~10.5x F28E EV/R (vs. from $271 & 11.5x prior), using our pro forma b/s, a slight premium to recent multiples and more than warranted, in our view, given Oracle’s positioning to benefit from secular growth trends in AI training and inferencing as well as potential upside to increased forecasts.”

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.

While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 AI Stocks In The Spotlight For Investors and 10 AI Stocks on Wall Street’s Radar.

Disclosure: None.



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Spending without thinking is a risk with unlimited contactless cards

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Kevin PeacheyCost of living correspondent and

Tommy LumbyBusiness data journalist

Getty Images Two young women taking selfies in a vintage clothes storeGetty Images

Spontaneous spending is likely to rise if the limit on contactless cards is increased or scrapped entirely, academics say.

At present, the need to press a four-digit PIN for purchases over £100 gives people a timely prompt about how much they are paying, lowering the risk of debt-fuelled purchases.

Earlier this week, the UK’s financial regulator proposed that banks and card providers set their own limits, or are allowed to remove them entirely. That would make entering a PIN even more of a rarity.

Banks, and some BBC readers, say consumers should be able to set their own contactless limits, as debate on the issue picks up ahead of a final decision later in the year.

Reckless or over-regulated?

Contactless payments have become part of everyday life for millions of people across the world.

When they were introduced in the UK in 2007, the transaction limit was set at £10. Increases in the threshold since then included relatively big jumps around the time of the pandemic, to £45 in 2020, then to £100 in October 2021.

They prompted surges in the average contactless spend.

A line chart titled ‘Average contactless spend surged after limits were raised’, showing the average monthly value of contactless payments on debit and credit cards in the UK, from January 2015 to June 2025. The average contactless credit card payment was £6.36 in January 2015. That grew gradually to £11.56 by March 2020, and then surged to £19.39 in April, after the contactless card payment limit rose to £45 in that month. It settled back down to £14.28 by September 2020, and stayed fairly level until September 2021, after which it rose sharply to £20.12 in December, after the contactless limit was raised to £100 in October. From there, it rose more gradually, to £21.94 in June 2025. Average payments for debit cards followed a broadly similar trend, starting at £6.64 in January 2015, growing to £9.73 by March 2020, and then surging to £18.79 in April. The average settled back down to £11.54 by September 2020, and stayed fairly level until September 2021, after which it rose sharply to £14.54 in December, and from there to £14.92 in June 2025. The source is UK Finance.

Clearly, the average would rise because more, higher value, purchases could be made via contactless, without a PIN.

But what is much harder to quantify is whether people were spending more frequently, and larger amounts, than would have been the case if they had needed to enter a PIN.

Richard Whittle, an economist at Salford Business School, says the extra convenience for consumers can come at a cost.

“If this ease of payment leads to consumers spending without thinking, they may be more likely to buy what they don’t really want or need,” he says.

He says this could be a particular issue with credit cards, when people are spending borrowed money and accumulating debt. He believes regulators should consider whether to have different rules for contactless credit cards than for contactless debit cards.

Stuart Mills, a lecturer in economics at the University of Leeds, says cash gives “visible and immediate feedback” on how much money you have, while a PIN is an “important friction point” for controlling spending.

“Removing such frictions, while offering some convenience benefits, is also likely to see many more people realising they’ve spent an awful lot more than they ever planned to,” he says.

Terezai Takacs stands in front of a display of a range of flowers, mostly roses.

Terezai says most customers pay via a device

Both these academics have raised this concern before, but this is not solely a theoretical argument.

In the Kent market town of Sevenoaks, shopper Robert Ryan told the BBC that entering a PIN “does give me a bit of a prompt to make sure I’m not overspending on my tap-and-go”.

However, the reality for many people is that, under pressure from the cost of living, they are rarely spending more than £100 in one go anyway, so contactless has become the norm.

Research by Barclays suggests nearly 95% of all eligible in-store card transactions were contactless in 2024.

Terezai Takacs, who works in a florists in Sevenoaks, says that over the last couple of years people were cutting back on spending, such as asking for smaller bouquets.

Technology takeover

Ms Takacs also points out that the majority of customers now pay via the digital wallet on their smartphone.

Paying this way already has an unlimited payment limit, owing to the in-built extra security features such as thumbprints or face ID.

Dr Whittle says that is likely to dilute the impact of raising the contactless card limit on spontaneous, or reckless, spending – because young people, in particular, are paying by phone.

Some say scrapping the contactless card limit is overdue, because it is far less relevant when people are accustomed to PIN-free spending on a phone.

“Regulators are finally catching up with how people actually pay,” says Hannah Fitzsimons, chief executive at fintech company Cashflow.

“Digital wallets on smartphones face no limits, so why should cards be stuck in the past?”

If the contactless card limit were to increase or be scrapped, then it would push the UK further on than much of Europe, and more in line with rules in other advanced economies.

In Canada, the industry sets the level rather than regulators, and it is set by providers in the US and Singapore – a model which the Financial Conduct Authority (FCA) wants to replicate in the UK.

Banks agree with the regulator, although UK Finance – the industry trade body – says “any changes will be made thoughtfully with security at the core”.

Personal choice

Banks and card providers that do change limits will be encouraged to allow customers to set their own thresholds, or turn off contactless entirely on their cards.

Gabby Collins, payments director at Lloyds Banking Group – the UK’s biggest bank, says: “Lloyds, Halifax and Bank of Scotland customers can already set their own contactless payment limits in our apps – in £5 steps, up to £100 – and we’re absolutely committed to keeping that flexibility.”

That option has support among some BBC readers, viewers and listeners who contacted us on this topic through Your Voice, Your BBC News.

Ben, aged 36, from London, told us: “The most important principle here is personal choice. I would like to set my own personal limit.

“It is my card and my choice based on convenience and risk tolerance. Some banks do not allow for this. This option has to be provided to everyone.”

Others have concerns over security, saying that unlimited contactless cards would become more of a temptation to thieves and fraudsters.

‘Limitless abuse’

Charities warn that not everyone has the digital skills to set their own limits. In other circumstances, it can have an extremely serious impact on people’s lives.

Sam Smethers, chief executive of Surviving Economic Abuse, says unlimited contactless cards give controlling partners the opportunity for limitless economic abuse.

“Unlimited contactless spending could give abusers free access to drain a survivor’s bank account with no checks or alerts,” she says.

“This could leave a survivor without the money they need to flee and reach safety, while pushing them even further into debt.”

She warns that it could also hasten the shift towards a cashless society.

Cash is a lifeline to many survivors because it was the only way to escape abusers who can monitor online transactions, withhold bank cards and close down bank accounts, she says.

Additional reporting by Andree Massiah



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Elon Musk calls for dissolution of parliament at far-right rally in London | Elon Musk

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Elon Musk has called for a “dissolution of parliament” and a “change of government” in the UK while addressing a crowd attending a “unite the kingdom” rally in London, organised by the far-right activist Stephen Yaxley-Lennon, known as Tommy Robinson.

Musk, the owner of X, who dialled in via a video link and spoke to Robinson while thousands watched and listened, also railed against the “woke mind virus” and told the crowd that “violence is coming” and that “you either fight back or you die”.

He said: “I really think that there’s got to be a change of government in Britain. You can’t – we don’t have another four years, or whenever the next election is, it’s too long.

“Something’s got to be done. There’s got to be a dissolution of parliament and a new vote held.”

This is not the first time Musk has involved himself in British politics. He started a war of words with the UK government over grooming gangs and also criticised 2023’s Online Safety Act, calling the legislation a threat to free speech.

He had a warm relationship with Nigel Farage, and there were even rumours he could channel a donation to his party before the Tesla boss called for the Reform UK leader to be replaced during a dispute over his support for Robinson.

Musk told the crowd in central London: “My appeal is to British common sense, which is to look carefully around you and say: ‘If this continues, what world will you be living in?’

Aerial footage shows scale of ‘unite the kingdom’ rally – video

“This is a message to the reasonable centre, the people who ordinarily wouldn’t get involved in politics, who just want to live their lives. They don’t want that, they’re quiet, they just go about their business.

“My message is to them: if this continues, that violence is going to come to you, you will have no choice. You’re in a fundamental situation here.

“Whether you choose violence or not, violence is coming to you. You either fight back or you die, that’s the truth, I think.”

Katie Hopkins with Tommy Robinson at the ‘unite the kingdom’ rally in central London on Saturday. Photograph: Lucy North/PA

Musk also told the crowd “the left are the party of murder”, referring to the death of Charlie Kirk.

He said: “There’s so much violence on the left, with our friend Charlie Kirk getting murdered in cold blood this week and people on the left celebrating it openly. The left is the party of murder and celebrating murder. I mean, let that sink in for a minute, that’s who we’re dealing with here.”

He also criticised what he called the woke mind virus and said decisions for advancement should be on merit rather than “discrimination on the basis of sex, or religion or any race or anything else”.

Flares are thrown as police try to hold back the crowd at the rally. Photograph: Tayfun Salcı/EPA

He said: “A lot of the woke stuff is actually super-racist, it’s super-sexist and often it’s anti-religion, but only anti-Christian, like why anti-Christian? That’s unfair … that should be all that matters, the woke mind virus, that I call it, is against all that.”

More than 110,000 people were estimated to have taken part in the far-right street rally, in what is thought to be one of the largest nationalist events in decades. The marchers were faced by about 5,000 anti-racist counter-protesters.

In addition to Musk, figures including Katie Hopkins and French far-right politician Éric Zemmour were invited to speak at the event.

PA Media contributed to this report



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