Caribbean Island Passport by Investment: A Brief
The citizenship by investment programs is offered in only five countries in the Caribbean. Antigua & Barbuda, Dominica, Grenada, St. Kitts & Nevis, and St. Lucia are the places where you can seek a Caribbean passport.
These programs have markedly common features like:
Caribbean countries offer tax optimisation, superb business opportunities, profitable real estate and a comfort of tropical climate. Most of the countries have common features with varying opportunities. Dominica, St. Kitts and St. Nevis and St. Lucia ranks best in citizenship by investment index.
The Perks of Carrying a Caribbean Passport
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The travel mobility that a Caribbean passport carries lets you travel visa free to 140 countries.
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Ease in getting a B1-B2 US visa and the visa lasts for 10 years. Citizens from Grenada can also get access to an E-2 category investor visa.
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Since Caribbean citizens can open bank accounts in the Commonwealth and European nations, there’s an ease of banking on an international level.
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Taxation in the Caribbean varies from one state to the other and inheritance taxes are not there, so are capital gain taxes. The tax situation in the Caribbean is optimal for drawing more investors.
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Due to its membership in the Commonwealth group of nations the global education opportunities for the Caribbean is better. The Caribbean students can apply for scholarships and study in the United Kingdom along with other Commonwealth countries.
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Caribbean countries allow the citizen investor to keep dual citizenship which is again a plus.
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Ease of mobility for the citizens to the Caribbean even when movement across borders are restricted for others.
How to get a Caribbean Passport: The Process and Requirements
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The investor should be 18 years of age with a legal source of income and enough funds to fulfill the investment requirements and must be without a criminal record and in a healthy condition.
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The family members including the investor’s spouse and children below age of 18 and children with special abilities can be a part of the application.
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The rules for family members vary in the islands. For instance children who are perfect must not be older than 28 in Antigua and Barbuda. In case of parents of the investor, they must be at least 55 years of age in Dominica and 58 in Antigua and Barbuda.
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In Dominica the investor cannot include his siblings in the application. St. Kitts and Nevis do not allow grandparents to be included in the investor citizen’s application.
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The members must be financially dependent on the investor. The spouse in this case can be an exception.
Investment options in the Caribbean
Among the few investment options, real estate is the most popular.
In Antigua and Barbuda the minimum real estate investment is $200000
Contribution to the state fund is another way of investing. It's a non-refundable option where the minimum money to be spent is $100000 in Dominica, St. Lucia , In Antigua and Barbuda. In St. Kitts and Nevis its $150000
In Antigua and Barbuda there's an option of non-refundable funds called the University of West Indies Fund Contribution. Families consisting of 6 or more than 6 members can be part of this plan where a minimum of $150000 must be made
In St. Lucia a government fund option is available on an investment of $300000 and it is refundable.
In Antigua and Barbuda and St. Lucia the option for a refundable Business investment is there where the basic investment amount is $1000000 and $400000 respectively.
How to Apply for a Caribbean Passport and How to get Caribbean citizenship by Investment programs:
The Caribbean has attracted special personalities like sportsmen and pop stars to its island vibes as they are an independent part of the British Commonwealth. Through their citizenship programmes, the majority of the aforesaid jurisdictions have been luring foreign capital for a very long time. All the procedures are flawless and are held to the highest standards by other investment programmes that promote citizenship worldwide.
Vazir Group at Work
The group of qualified personnels at Vazir Group have worked hard towards making things easy for you. We at Vazir would be happy to help you migrate to the tropical islands. Our approach is customized just to suit your circumstances. The experts here would ensure a fast processing of the citizenship application. So are you ready for some tropical splash?
