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Everything you need to know about citizenship and residence programs around the globe.
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We all know that there is no such country as Carib; the Caribbean is a whole region in the Caribbean Sea that comprises a group of island countries. There neither exists any sort of a Caribbean association of states that issues its passports. So how come we have such a thing as a Caribbean passport?
“Caribbean passport” concept stems from other modern concepts, such as globalisation, global citizen and citizen of the world. Being a citizen of one country is already a thing of the past. Future lies in the hands of people that are constantly expanding their horizons, increasing their global mobility and searching for more ways of living a more diverse life.
One way of becoming a global citizen is obtaining a second passport, especially the passport that opens borders to many countries worldwide. And Caribbean countries, such as St Kitts & Nevis, Dominica, Antigua and Barbuda, Saint Lucia, Grenada, are exactly the countries that offer second citizenship through their citizenship by investment programs. You can read more about citizenship by investment here or, if you’d like to learn more about each particular country and program, refer to the corresponding page of the country.
St Kitts & Nevis citizenship by investment program
Antigua and Barbuda citizenship by investment program
Dominica citizenship by investment program
Grenada citizenship by investment program
Saint Lucia citizenship by investment program
There is a world of opportunities that a Caribbean passport can offer to a foreign citizen that wishes to get citizenship by investment. Here we give just a few of the benefits of citizenship by investment programs.
A Caribbean passport, for example a passport of Dominica or Grenada, offers visa-free entry to more than 110 countries and in case of St Kitts & Nevis, Antigua and Barbuda and Saint Lucia to more than 120 countries, including Schengen states and UK. In addition, passport of Grenada guarantees visa-free access to China and ability to apply for a US E2 visa which enables foreign citizens to come and do business in the USA.
There are no wealth, inheritance or capital gains taxes in the Caribbean. Besides, there is no personal income tax in St Kitts & Nevis and Antigua and Barbuda. Dominica has no property tax or stamp duty.
Moreover, Caribbean taxation system is advantageous for non-tax residents; they are only taxed on their income arising in or remitted to the country of second citizenship. Any income arising outside that country is not taxed.
Thus, citizenship by investment enables high net worth individuals to optimise and decrease their tax burden and protect their assets.
Caribbean citizenship by investment programs offer citizenship and second passport to eligible family member of the main applicant for life. Eligible dependants include a spouse of the main applicant, financially dependent children under the age of 25 (Saint Lucia), 28 (Antigua and Barbuda) or 30 (St Kitts & Nevis, Dominica, Grenada) and financially dependent parents and/or grandparents older than 55 (St Kitts & Nevis, Dominica), 58 (Antigua and Barbuda) or 65 (Grenada, Saint Lucia). Grenada’s CBI program does not require parents and/or grandparents to be financially dependent, and children over 18 to be full-time students. Grenada also allows siblings of the main applicant and their spouse to be included in the application if they don’t have a family of their own.
Moreover, citizenship is passed to future generations by descent. This way you provide for a better future and life not only for yourself but for all generations to come.
All Caribbean countries permit dual citizenship, so neither you nor your family members have to renounce your current citizenship. You can read more about dual citizenship here.
The whole process of application and processing of documents under Caribbean citizenship by investment programs is strictly confidential and secure. And you are guaranteed that your second passport will not be disclosed to any third party.
An average number of investment options offered under a citizenship by investment program is three, investment in a national fund, investment in real estate and investment in a business. Some citizenship by investment programs, like Grenada citizenship by investment program and Dominica citizenship by investment program, only offer two options, contribution to a national fund and real estate investment. However, if you want to do business on the islands, go for Saint Lucia citizenship by investment program or Antigua and Barbuda citizenship by investment program. Besides, Saint Lucia and Antigua and Barbuda offer a fourth investment option which is investment in government bonds and contribution to a University fund correspondingly.
While investment in a national fund is non-refundable irrespective of which citizenship by investment program you go for, investment in real estate is recoverable in 3 or 5 years. However, non-refundable contribution to a national fund is normally a much cheaper option.
So, there is an investment option for anyone, for any budget, starting from as little as $100,000.
Imperial & Legal works on the global market providing advice and support for the Caribbean citizenship by investment programs. We assist high net worth individuals and their families in obtaining their second passport in a country of their choice.
We strongly believe in offering our valued customers only bespoke and personalised services, that’s why we know which investment program for getting a second citizenship is best for you and your family. Be it increased global mobility, beneficial taxation or security, there is a program and a country for everyone.
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