Today's realities are so changeable that one has to think about the step to switch places of residence. Many people consider options with a favorable climate and unique nature, but at the same time, modern infrastructure to make a living more comfortable. That is why countries located on the Caribbean islands are gaining popularity.
Have the best years on the ocean? Get access to developed infrastructure and free movement? All this is real. It is suggested to consider Dominica citizenship by investment as a safety cushion. There are other Caribbean citizenship options in our article. The information will help you to understand which variant will be the best choice.
Overview of Caribbean citizenshipBecoming a resident of one of the proposed countries is quite easy. It is enough to make a donation or purchase a real estate object. The cost starts at $100,000. This process attracts undoubted benefits:
- visa-free travel;
- high social standard of living;
- comfortable taxes;
- absence of income tax on inheritance;
- no need for permanent residence;
- broad investment prospects.
This is the easiest and fastest way. In addition, the confidentiality of personal information is guaranteed.
St. Kitts and Nevis Citizenship by Investment ProgramIt's a pretty attractive option. Reasons for changing your place of residence:
- developed infrastructure;
- rapid economic growth;
- reliable offshore banking;
- full financial privacy.
In addition, one should not forget the abundance of sunshine and the extraordinary beauty around.
The country's authorities offer interesting conditions, thought out to the last detail. The minimum investment amount is from $150,000. More than 156 destinations worldwide are available to the passport holder (the production period takes up to 45 days). Issuing a long-term visa to the United States and Canada is possible. A wide range of real estate is offered.
Dominica Economic Citizenship Program
It is also another popular destination. There are two categories of investment: buying property and donating to the Economic Diversification Fund. What is it that attracts users so much? Read more about it below:
- no mandatory residency requirements;
- minimum donation amount - $100,000;
- minimum amount of property purchase - $200,000.
The conditions are more than acceptable for a person with a considerable income. At the same time, one should not forget about the advantages of this program: Dominica passport visa-free countries, close interrelation of local currency with the globally recognized US dollar, comfortable tax conditions, and others. Personal presence is not necessary to obtain a document. Everything can be done through a special agent.
Antigua and Barbuda Citizenship by Investment Program
It is one of the most appealing ways to get the best Caribbean passport. It is an ideal option for a large family. According to Zlata Erlach, an expert on the St. Lucia investment program (company Immigrant Invest), this is the best value for money. A separate advantage is visa-free entry to any part of the world.
Other advantages are as follows:
- ability to live and work in any other CARICOM member;
- visa-free travel to 150 countries;
- no exorbitant taxes;
- fast processing of documents (up to three weeks);
- long-term visas to the USA and Canada are available.
The investment amount is from $100,000. Four investment options are available: real estate purchase, business, donation to a development fund, and investment in the West Indies Fund. This application process is simple in execution and does not require the applicant's presence. All documentation can be submitted through a qualified specialist.
Comparison of the 3 Caribbean ProgramsEach proposal presented by the authorities is attractive in its own way. At the same time, the applicant can choose the best option for himself. For this purpose, it is recommended to have professional counseling. It will make the choice more correct.
For example, if it is necessary to apply for Caribbean citizenship by investment programs for one person, the best choice will be Dominica. If the applicant is a couple with children, it is better to use another offer. It is suggested to consider Antigua and Barbuda.
Are you choosing between different programs? Then take note that Antigua and Barbuda are the only Caribbean countries that require mandatory residence for a certain time during the first five years after obtaining citizenship.
Processing times are quite fast. St Kitts and Nevis will give you the fastest response (about 60 days) among the represented countries.
ConclusionDespite some differences in the proposals, the Caribbean countries have the same requirements for the applicant:
- availability of honestly earned capital;
- identity verification;
- ability to invest cash;
- absence of "bad" diagnoses;
- oath of allegiance.
You must wait for a response once you have completed all the necessary documentation. As a rule, it does not take much time. In a short period, you will be able to change your living conditions dramatically in a better way.