Citizenship by Investment has become something more than just obtaining more freedom to move around, it also offers financial freedom and a more relaxing lifestyle, among other benefits.
Over the past two years, the COVID-19 pandemic amongst other life-altering events around the world shifted everyone’s perspective of life and highlighted the fragility of the global economic system. There are a number of business owners that gained more money during this pandemic and many that lost large amounts. Caribbean Citizen by Investment (CBI) gives investors the opportunity to secure their funds by opening a bank account in a country that may have more user-friendly banking procedures. This could be quite enticing coming from a country that has financial sanctions or complicated banking regulations. It essentially cuts out any worries when conducting transactions around the globe, removing a heavy weight from your shoulders.
In Caribbean CBI countries a simple registration of companies, as well as a straightforward process for establishing corporations that allows for simpler business transactions, can create a smoother path for business opportunities. The five Caribbean countries that offer CBI: Antigua & Barbuda, Dominica, Grenada, St. Kitts & Nevis, and St. Lucia have some of the most reasonably priced Citizenship by Investment Programs. After going through the process and meeting all of the requirements, applicants and their primary family members including parents and sometimes unmarried siblings can receive their solid passport in as little as three months, depending on the program chosen.
These Caribbean islands that offer CBI are known for their security, sophistication, healthy and relaxed lifestyle as well as being tax havens. For example, the following are not enforced in the Caribbean: global income tax, inheritance tax, capital gains tax, and wealth tax. To make things even better the islands are also members of the CARICOM and the OECS, strong and well-respected unions in the Caribbean. Once investors obtain the CBI of one of the nations, they are free to live, work, and benefit from the economic accord of all members of these unions.
With a certain standard being set for CIP applicants including the process of selecting specific criteria and a detailed due diligence process, they can ensure that this will attract prominent influential investors that will boost and diversify the economy. High net-worth individuals are able to rest in a tropical environment whilst the islands are able to benefit from their investments. Gaining second Citizenship is something that many should explore, as it will allow one to achieve global mobility, financial freedom, security for wealth, and provides the best opportunities for future generations to come.
Read more in the IMIDaily about how citizenship by investment is more than just global mobility.
How do I begin the process and get a bespoke quote for myself and my family?
If you’d like to speak to us, please either send us a webchat (click the icon bottom right of this page), email or book in for a video consultation easily in our partner calendar. We find video conferencing to be the most efficient use of your time to ascertain the best program for you and your family. We encourage you to take advantage of it since your first consultation is free of charge.