Getting Caribbean citizenship by investment is a real way to open up a whole world with numerous beneficial chances. The process is quick and hassle-free and the threshold for participants is one of the lowest worldwide. Here we disclose the main advantages of the Caribbean golden passport, as well as the superb possibilities these islands provide.
What is Caribbean Golden Passport
If you wish to get Caribbean citizenship, you can explore different ways. They include marriage, naturalization, and funding. The first two options start with residency and take a long time with various tests, etc.
The quickest way of obtaining a Caribbean passport is to participate in local programs for investors. One can purchase or rent property, contribute to state funds or businesses, etc. This way is called a Golden Visa due to the high speed and minimal bureaucracy. Moreover, it leads directly to a passport without waiting for several years.
Five islands of this region provide this program with similar conditions. The main Caribbean golden passport benefits, according to Imin Caribbean expert, Acyr Jardim, include the following points.
One of the lowest prices for participation
Golden visas are provided by various regions. European programs are usually between 100,000 and 500,000 euros. However, if you wish to become a citizen of an island like Malta, the threshold rises to 690,000 euros.
Compared to this pricing, the Caribbean region can boast the range from 100,000 to 250,000 dollars, namely:
- Antigua and Barbuda welcomes investors who can buy property for 200,000 USD or donate 100,000 USD;
- Dominica proposes a 100,000 USD funding in the state or the purchase of property for 200,000 USD:
- St Lucia has the same options as Dominica and also the ability to purchase government bonds for at least 300,000 USD;
- investments for Grenada start from 150,000 USD;
- St Kitts and Nevis has a minimum threshold of 250,000 USD for a donation and 400,000 USD for a property purchase.
Moreover, it is possible to include members of the family in the program, like spouses, children, and other dependent persons. This increases the amount of donation but there are no additional rules. Therefore, the whole family can move at once and enjoy the new place of living.
Freedom of movement around the world
The list of visa-free countries with Caribbean passport is as follows:
- 145 for Dominica;
- 147 for St Lucia;
- 152 for Antigua and Barbuda;
- 148 for Grenada;
- 153 for St Kitts and Nevis.
In this case, mobility does not require anything except your passport. This makes traveling and expanding business easier.
Moreover, all holders of local passports are eligible to apply for B-1/B-2 visas to the USA. They are obtained without any difficulties and are valid for 10 years. During this period, 180 days per year can be freely spent in the USA. This is a great option for businessmen who wish to expand their companies, as well as for those who are fond of traveling or wish to utilize healthcare or education opportunities all over this country.
Absence of a strict policy for staying in the country
As specialists of Imin Caribbean underline, many countries have rules concerned with the minimum period of stay on their territory before preparing any kind of application.
This great region is open to those who are able to donate and does not ask them to stay permanently on the selected island. In most of the cases, one can get a passport without crossing the border of the country at all. The application is made online, as well as other required procedures.
Furthermore, there will be no need to stay for some time after getting citizenship. One can feel free and move around the world as he or she wishes. Whenever there is a need to stay on the islands, you will be welcomed.
Beneficial taxation and reliable banking system
Tax rules are very advantageous, as they do not include taxation for inheritance, wealth, gains, and income obtained outside this region.
The citizen needs to pay taxes on local personal income and corporate profits, as well as an annual property tax. Still, the percentage is quite low.
The highest speed ever
One can get a local passport several months after applying. The longest period is half a year and the procedure rarely takes so long. Compared to other similar options, it is the highest possible speed. For instance, European countries need from 6 to 12 months to complete this process.
Conclusion
Altogether, this region is a thriving place for investors with trustworthy Golden Visa programs and ample opportunities for everyone. As a citizen, one can enjoy many preferences together with a life in paradise. Therefore, explore this chance and take the most out of this proposal.
