[ Published January 7, 2019 by jac ]
You work hard. You pour time, energy, and resources into your business. You want to expand your empire yet you also crave to enjoy the fruits of your labour.
And you can very well do this with a Caribbean citizenship by investment programme.
It is not enough that you only nurture your wealth. When you are a taking care of an enterprise, you must also make sure that you also nurture your health.
When you want to reward yourself, explore the options offered by these Caribbean investment programs (CIP). Not only do they offer you business benefits, they also open up a whole new life that gives you so much more.
As a Caribbean second citizenship holder:
- You can enjoy the rights privileges of visa-free travel to over 130 countries.
- You can expand your business with a bigger network of trade partners, tax benefits, and wealth preservation opportunities.
- You can opt to enjoy heightened personal security as well as enhance your overall well-being and lifestyle with the Caribbean’s breath-taking surroundings.
The Caribbean has long been a favourite of the rich and famous. It serves as a second home to affluent progressives, to citizens of the world, and those highly mobile individuals who believe that the world is truly their oyster.
The rise of ultra-high net worth individuals (UHNWI), with at least USD 30 million to their name, has contributed to the growing number of well-heeled people obtaining second citizenships.
The emergence of totalitarian governments, the degradation of the environment, and political instabilities have also fuelled the need to seek solace in other countries with better living conditions.
Quite literally, having a Caribbean citizenship will be your passport to a more carefree world. Here are three of the best routes when you want to get the best value in securing your second citizenship:
1. Making a Donation
One of the CIP options is by donating a corresponding amount to the government of an island nation like Antigua and Barbuda, Dominica, or St. Kitts & Nevis.
In Antigua, for example, a minimum donation in the amount of USD 200,000 to the National Development Fund can be a viable option for you to become a second passport holder in that country. Until the end of this month, this donation remains to be the most affordable route to citizenship in the Caribbean.
Additionally, the Antigua & Barbuda cabinet has approved a new option wherein you can make a non-refundable donation of USD 150,000 to the University of the West Indies (UWI) Antigua Campus Fund.
The twin-island nations of St. Kitts & Nevis also have a similar donation programme where you can make a non-refundable contribution of USD 250,000 (for single applicants) to the Sugar Industry Donation Fund.
2. Investing in Business
Another route that you can take when exploring second citizenship options is through business investments. These are called AB9 investments, which refer to investments poured into approved businesses. This type of programme was designed by the governments to attract and increase foreign direct investments in each territory.
Investments can range from USD 400,000 with a focus on commercial and tourism developments. Food and energy production is another unexploited area that has great potential. Return on investment (ROI) is usually quite productive.
The Antigua & Barbuda citizenship programme through business investment, for instance, offers two investment options. First, you can make an investment in an approved business with at least USD 1,500,000.
Another option is to make a joint investment (at least two persons) in an approved enterprise totalling at least USD 5,000,000. Each person may file an application for citizenship provided each one would make an individual contribution to the joint investment of at least USD 400,000.
3. Purchasing Real Estate
One of the most attractive options in securing a second citizenship is by investing in Caribbean real estate. Making a direct investment into the tourism-centric island nations in the Caribbean is not only a way to diversify your portfolio but also offers you and your family a second home.
With the mushrooming of hotels, resorts, and residences, the luxury Caribbean property market continues to enjoy positive growth. You can see a healthy return on your investment after the minimum five-year ownership period.
You can also reap financial rewards. Shelling out a USD 215,000 investment in the 5-star Park Hyatt St. Kitts, for example, gives you and your family second citizenship rights. At the same time, you can also look forward to a projected 2 to 6 per cent annual income yield.
The majestic views, peaceful ambience, and top-notch lifestyle amenities, facilities, and services can also give you a much-needed respite from the buzzing noises of the city. With the sound of nature as your background, you can think clearly about how you can better enjoy your future.
Allies at Your Service
Citizens International can help you get more value for the efforts you have made in growing your wealth. With years of experience, our multinational team of professionals have established a relationship with authorities in the Caribbean. This is extremely beneficial when we service your needs, especially in assisting you with citizenship applications.
Our insight and partnerships within the Caribbean also afford us to be privy to socio-economic realities that will be of great help to you. This unique position allows us to guide you in making sound business decisions — such as assessing the most advantageous investment course or identifying the most sustainable real estate investments.
Our dedicated concierge team will be on hand to give you a guided CIP familiarization tour up until your citizenship is granted. We will be your reliable partners and representatives in securing your Caribbean second citizenship and helping you get settled into your new home.
When you want to learn more about enjoying life in the Caribbean, we at Citizens International are always ready and able to make it happen.