7 Key Reasons to Obtain a Caribbean Passport by Investments

People who are looking for a brighter future for themselves and their families need to consider getting a second citizenship in Caribbean countries through investment. Let’s take a look at what this program is and also find out the main advantages of the Caribbean passport.

What is Caribbean Passports by Investment

Caribbean passport applications by investment programs provide citizenship in return for a large financial investment to the selected nation. Among the few Caribbean countries that provide this are:

• Antigua;
• Dominica;
• Barbuda;
• Grenada;
• St. Kitts;
• Nevis;
• St.Lucia.

Usually, the investment involves a real estate purchase or a government contribution. Also, Caribbean citizenship provides visa-free travel and additional financial, educational and medical services.

7 Key Reasons to Obtain a Caribbean Passport by Investment

When you already know what this program is, let’s look at the main advantages of Caribbean citizenship for business and your family that will be available.

Obtain citizenship immediately

Caribbean citizenship is popular among European countries. These program requirements are from a 5 to 10-year residency period, language proficiency, and history knowledge tests.

The Caribbean passport programs offer a direct path to citizenship, bypassing these reasons and making them an attractive option for those seeking expedited citizenship.

Low achieve time

The process of obtaining EU citizenship can take several years, with Spain and Greece having the quickest residency programs, taking 3 months to half a year. However, in most cases, it still requires over 7 years of residing with a residence permit to obtain citizenship.

According to Imin Caribbean specialists, these Caribbean nations offer a much faster route, granting citizenship within three to seven months.

Free travel to EU with a Visa

Caribbean passport holders have the advantage of visa-free travel to various countries. To understand how many places we are talking about, here is a table of possible immigration destinations depending on the country’s passport power:

Country	Available destinations
Granada	148 countries
Dominica	145 countries
Saint Lucia	147 countries
Antigua and Barbuda	152 countries
Saint Kitts and Nevis	153 countries

This freedom of travel is similar to having an EU residence permit and comes with the added benefit of full citizenship. Additionally, Caribbean citizens can spend up to 180 days per year in the UK with no Visa required.

Low investment cost

Citizenship in Caribbean countries has entry thresholds ranging from 100,000 to 250,000 USD. According to Acyr Jardim (Imin Caribbean Agency), if compared to other similar programs, this option is considered to be quite cheap, especially when you consider the many benefits of Caribbean citizenship that it offers.

For easy understanding, we can compare it with Malta citizenship, which requires 690,000 EUR, and some EU residence permits range from 100,000 to 500,000 EUR.

Small taxes

Caribbean countries have varying taxation rules, but residents generally avoid taxes on foreign capital, income, and dividends:

• St Kitts and Nevis has no income, wealth, inheritance, or capital gains taxes but a corporate profit tax of 25% and an annual property tax of 0.3%.
• Grenada does not impose taxes on income outside of the country, wealth, inheritance, or capital gains, but taxes on corporate and personal income are from 10% to 28%, and up to 0.5% annual property tax.
• St Lucia does now impose taxes on income, wealth, inheritance, or capital gains but imposes a 0.25% to 0.4% annual property and 30% on corporate profits tax.
• The only taxes in Antigua and Barbuda are a 25% corporate profit tax and an annual property tax of up to 0.5%. There are no taxes on income, wealth, inheritance, or capital gains.
• Dominica taxes personal income between 15% and 35% and company earnings between 25% and 35%, but it does not tax dividends, inheritance, or capital gains.

If we look at the general economic advantages, these countries have moderately low tax levels among other countries and other advantages of Caribbean passport.

Banking prospects

Caribbean passports simplify European bank account opening, reducing bureaucratic hurdles and allowing investors to deposit funds, secure loans, and conduct currency transactions with ease.

UK education possibility

The Commonwealth of Nations’ Caribbean countries provides an educational advantage for investors’ children, allowing them to attend certain UK schools and universities, including over 80 in Great Britain.

Bottom Line

To summarize, Caribbean passport advantages can be briefly outlined as Caribbean countries offer citizenship in return for investments with a short 3 to 6-month obtaining period of 100,000 USD. Citizens can freely visit 145–153 countries visa-free. The program also offers favorable taxation with no foreign-earned income taxes.