Caribbean Citizenship By Investment Program
Introduction Cross border investments are possibly one of the ways where you can increase your personal assets while also ensuring a safe returns on the investment. Crossborder investments are also very safe as they are usually done under the supervision of the Government of the country where the investment is happening. The Caribbean Islands, to attract direct foreign investments came up with the Caribbean Citizenship by Investment Program. Each of the Caribbean country islands have come up with various advantages for the investors benefitting both parties involved. Caribbean islands are known for their long stretches of beaches and clean clear oceans surrounding the islands. Each island is laden with beautiful artistic stretches of naturally landscaped land. These islands are low in pollutions. Agriculture and tourism mostly define the economy of these countries although industrialization is increasing.
Every investor who chooses this path to invest in the Caribbean islands is invariably provided with the citizenship of the country. The investor gets a second passport which could aid travel of the investor to multiple countries (usually 100+) visa free. To expand business or to travel for pleasure, this could save a lot of one’s time. The Caribbean islands have introduced a tax regime that can be helpful to the investor in more than one way.
Grenada’sCitizenship by Investment program Of the Caribbean island countries that propose Citizenship by Investment programs, Grenada’s citizenship by Investment program is one of the most popular. Grenada provides more opportunities to explore to both travel and expand business. Grenada’s Citizenship by investment program provides second passport which allows the investor to travel to 143+ countries visa free which include UK, USA, China among others. With this citizenship program, you can easily apply for the USA E2 treaty investor visa program. Your immediate family, who include childre below 30 years of age can accompany you and will be granted Grenada’s citizenship.
This Golden VISA can help you relieve your tax burden as Grenada provides special tax benefits for its new citizens. The investor will be paying USD $150,000, a non-refundable amount, as a donation to the Government of Grenada or shall invest USD $350,000 in any of the Government approved real estateproperty in Grenada. Such property shall be maintained by the investor for a minimum period of 5 years. Grenada’s Citizenship by Investment program was introduced in the year 2013. With this Golden Passport, you can travel to Afghanistan, Syria, Iran, Iraq and other parts of the world visa free. There is no restriction to travel. Apart from children, parents of the investor who are of 55 years age and above can accompany the investor. The future generations of such families who decide to settle in Grenada shall get their citizenship through naturalization. The program allows dual citizenship and the additional fee for every extra family person is the lowest in the whole of the Caribbean citizenship by investment programs.
As per the USA E2 treaty Investor VISA signed between Grenada and the United States, the citizens of Grenada can operate business in the USA and can reside in USA. Grenada is a strong country with sound economy. With increase in tourism, the country sees a raise in 5% annual growth in their GDP. Grenada follows “BENEGIN� tax regime, which means that there is no tax levied on foreign income, capital gains, gifts, wealth or inheritance. There is a full exemption on import duties. There is no restriction on the repartition of imported capital or profits. To attract more business houses in the country,the country provides corporate tax incentives too. The country has by far protected its green land and promotes green energy.
Dominica’s Citizenship by Investment Program One of the oldest countries providing the Citizenship by Investment program is Dominica. It started offering Dominica’s Citizenship by Investment program in the year 1993. The program legally offers second citizenship and passport. The whole of the processing time is spread between 4 to 6 months. This program doesn’t require the investor or the co-applicants to live in the country at any given point of time, even after the citizenship has been granted. With the passport obtained through Dominica’s Citizenship by Investment program, the investor can travel to more than 115 countries visa free including UK, Switzerland, Singapore and European Union, among others. The whole process is handled confidentially. Dominica is a country with high international reputation. The economy of Dominica is very sound and has good governance in the country. Dominica’s Citizenship by Investment program offers the cheapest investment program. The starting cost of investment for the program is USD $100,000. Certificate of Naturalization will be given instantly for all those investors who have cleared their side of deal in this Citizenship by Investment program. The funds thus generated through this program are used for the various development projects in Grenada. Children, who re 18 years and below can accompany the investor, along with their spouse.
Investment through the Dominica’s Citizenship by Investment can be made either through donations towards National Funds or through investment in Government approved Real estate of the country. Such investment in Real estate must be maintained for a minimum of 3 years by the investor. Dominica Citizenship by Investment Unit handles all of the CIB applications.
St. Lucia Citizenship by Investment program Saint Lucia is another island country, part of the Caribbean islands which offers its Citizenship by Investment program. This flourishing Caribbean island is beautiful and prosperous. This island started the St. Lucia Citizenship by investment program in the year 2015. The person applying for this program will be a person with clean crime free background with excellent health record. The St. Lucia Citizenship by Investment program offers 4 different options for the investors to invest. First being the donation to the National Economic Funds, second being the real estate investments, third being the Government bonds, and the last being the Enterprise project investment. The whole process will be completed in straight 3 months’ time. Children under 25 year of age can accompany along with the spouse. Each of the applicants will receive their Citizenship.
The fee for each additional applicant will be appended to the original cost. This program offers dual citizenship and confidentiality will be maintained. With the passport obtained from this program, the applicant can travel visa free to 140+ countries which include UK, Schengen area and more. The program doesn’t require any kind of educational or other certifications. It doesn’t require the applicant to be in person for any kind of interview.
St. Kitts and Nevis Citizenship by Investment program The smallest sovereign state in the Caribbean islands Federation of Saint Christopher and Nevis, otherwise known as the St. Kitts and Nevis is possibly the oldest country which offered the Citizenship by Investment program. The St. Kitts and Nevis Citizenship by Investment program started in the year 1984. All individuals who are 18 years and above, having good health and clean crime free background are eligible to apply for this program. Investors can obtain their Citizenship by either making donation to the Sustainable Growth Fund (SGF) or invest in the real estate of the country. The St. Kitts and Nevis Citizenship by Investment program provides second passport to the investors with which the investor can travel to 150+ countries visa free. This country has a policy of not taking taxes on any of the overseas income of their citizens. They also have special programs for safeguarding the wealth of its citizen. Children who are less than 30 years and are dependent can accompany.
Antigua and Barbuda Citizenship by Investment program The Antigua and Barbuda island sovereign country in the Caribbean is one rare gem of a place which has long stretches of beaches. This island country offers its Antigua and Barbuda Citizenship by Investment program. Investors interested in this program can either choose to donate to the Antigua National Development fund or invest in the real estate of the country or can invest in any running business in the country. Donation to the Antigua National Development fund is the most popular program among families as it is one of the cheapest modes of the three. Children who are less than 28 years can become joint applicants. With the second passport obtained, the investor can travel to 150+ countries visa free. The program doesn’t require any physical presence for any kind of interview with immigration office. However, it would require that the investor, after having obtained their citizenship, will have to live in the country for a period of 5 days during the first 5 years when the investment need to be maintained. Most of the above mentioned countries have limited number of immigration agents as partners. It is very important that the applicant carries a letter of appointment from the authorized immigration agent partner. XIPHIAS Immigration, the immigration firm with international stand, can help you through most of the Citizenship By Investment program. XIPHIAS has a strong team of international investors who can provide you the best guidance and can take you through the best investment options available.
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