How can Indian investors gain second citizenship in the Caribbean without losing their Indian one?

I've heard that Indian investors are not allowed to be dual nationals so they must first give up their Indian nationality before they can apply for citizenship in the Caribbean. I don’t want to lose my Indian nationality. Based on your previous Indian clients, what are the best strategies in this situation?

Answers

On August 04, 2021 Kal Dobbin answered:

It’s my understanding that Indian citizens who apply for an alternate citizenship must apply for an Overseas Citizenship of India (OCI) and we have had a number of Indian clients do this. OCI is a form of permanent residency available to people of Indian origin and their spouses which allows them to live and work in India indefinitely, however, my best advice is to speak with your lawyer in India to clarify any limitations for you personally once you obtain OCI and have another passport. Many Indian individuals and families obtain alternative citizenship and apply for OCI status, and it can be quite beneficial for international travel, tax, business and lifestyle. It’s best to take legal advice in India and in the new country of citizenship to ensure the solution is holistic and fits your specific situation and goals.

On August 04, 2021 S.K.M. Isidore answered:

You don't have to renounce your Indian citizenship before applying for and receiving Dominica Citizenship. You apply, receive your citizenship and keep your Indian citizenship. It's only your Indian authorities that may cancel your Indian citizenship if you allow or get them know you have Dominica citizenship.

On August 04, 2021 Stacey Ann Aberdeen answered:

With regards to Indians and dual citizenship, that will be something to take up with the authorities in India since they are the ones who have control over whether Indians can hold dual citizenship.

On August 05, 2021 Richard Hallam answered:

Grenada recognizes dual citizenship and has no restrictions to someone having multiple nationalities. Each country has different regulations and it is down to the individual investor to decide whether or not to renounce or retain their birth citizenship. Indian citizens are able to hold an Indian overseas citizenship (OCI) which allows them to reenter the country as a returning national but does not give them voting rights.

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