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September 13, 2021

The Investors Guide to Caribbean Citizenship

Most international investors are considering Caribbean passport as it’s a powerful tool for international tax planning and also allows them to travel visa-free worldwide.

Caribbean citizenship provides the following benefits: tax advantages, security, traveling freedom, profitable real-estate investments, and the possibility to retire in a safe country with a mild climate.

To make the decision-making process faster, Mann’s Solutions team decided to prepared Investors Guide to Caribbean Citizenship. Find Overview of the Caribbean Citizenship Programs below:

Overview of Caribbean Citizenship Programs and Tax Benefits

St Kitts and Nevis Citizenship

Being one of the most trusted and successful programs in the world, St Kitts and Nevis Citizenship Program offer fast-track routes to acquiring a second passport in 2-3 months. The passport of St. Kitts and Nevis grants visa-free access to over 156 countries, including the European Union countries and the United Kingdom. St Kitts and Nevis Citizenship Program investment options start from $150,000.

The Citizenship Program of St Kitts and Nevis offers excellent opportunities for investors, including profitable investments, an opportunity to sell the property after citizenship acquisition, and a unique and highly favorable taxation system (no tax on global income, wealth, or inheritance). The workforce is English-speaking, well-educated, and welcoming.

An investor can buy a share or a whole property in St Kitts and Nevis. Typically, investors are offered shares in five-star hotels and resorts, although other options are also available, for example, apartments, villas, and even marinas for yachts. The investor can also earn a rental income of 2% to 5% per annum.

Program Benefits

1 – No residence requirements

2 – Investment period 5 years

3 – Confidential application process

4 – Visa-free travelling to 156 countries

5 – No tax on income, wealth, or inheritance

6 – The whole family can apply

Investment Option

1.$150,000

Contribution to the SGF (Sustainable Growth Fund) is non-refundable. The donation amount may vary based on the number of dependents included in the main applicant’s application. To qualify for citizenship as a single applicant, you will be required to make a government donation of $150,000.

*UNTIL 31/12/2021 the Family of 4 can obtain St Kitts and Nevis Citizenship for $150,000.

Reduced contribution to the SGF will be valid until 31 December 2021

2. $200,000-$400,000 Real Estate Investment

$200,000

The real Estate option should be approved by the government. $200,000 – joint investment with another main applicant (each applicant pays $200,000, and $400,000 in total). The property can be sold in 7 years.

$400,000

real estate investment with minimum investment period – 5 years.

Grenada Citizenship by Investment

Grenada Citizenship by Investment program is a fast-track and secure citizenship program. The only Caribbean program that allows settling in the USA, the Grenada Citizenship by investment program lets obtain a second passport within 3-4 months and grants visa-free access to over 143 countries worldwide. The program offers two investment options, a $150,000 government donation or a property investment of $220,000.

Grenada’s residents and citizens enjoy relatively low tax rates. For example, there are no capital gains, inheritance taxes, income taxes, or wealth taxes on worldwide income or properties. On the other hand, it’s worth knowing that there are specific local tax implications. For locally produced revenue, there is an individual annual income tax rate. The first XCD$36,000 a year is tax-free and the next $24,000 is taxed at 10%, and the remainder is taxed at 28%.

Program Benefits

1 – No residence requirements

2 – Investment period 5 years

3 – Confidential application process

4 – Opens Route to the USA through E-2 Visa

5 – No tax on income, wealth, or inheritance

6 – Dual citizenship allowed

Investment Options

1. $150,000 — Non-refundable donation to the government fund

 Contribution to the NTF (National Transformation Fund) is non-refundable

 The donation amount may vary based on the number of dependents included in the main applicant’s application

To qualify for citizenship as a single applicant, you will be required to make a government donation of $150,000, $200,000 for a family of 2, 3, and 4.

2. $220,000 – $350,000 Real Estate Investment

 The real Estate option should be approved by the government

 The property can be sold in 5 years

Dominica Citizenship

Dominica Citizenship by Investment program is one of the longest-running economic citizenship programs in the world. The most affordable in the Caribbean, the Dominica Citizenship by investment program offers a quick route to acquiring a second passport in 2-3 months. The program grants the investor visa-free access to over 137 countries and provides 2 investment options, a $100,000 donation to the government or property investment from $200,000.

Purchasing fractional ownership in a Dominica resort project is fast and easy, requires no maintenance or upkeep on behalf of the investor, and based on the developer’s income and capital gain projections will typically be expected to return enough money after 5 years to cover both the capital invested and fees paid for the citizenship.

Program Benefits

1 – No residence requirements

2 – Investment period 3 years

3 – Confidential application process

4 – Passport in 2-3 months

5 – No tax on income, wealth, or inheritance

6 – Dual citizenship allowed

Investment Options

1. $100,000 — Non-refundable donation to the government fund

 Contribution to the Economic Diversification Fund (EDF) is non-refundable

 The donation amount may vary based on the number of dependents included in the main applicant’s application

 To qualify for citizenship as a single applicant, you will be required to make a government donation of $100,000

2. $200,000 Real Estate Investment

 The real Estate option should be approved by the government

 The property can be sold in 3 years

St Lucia Citizenship

St Lucia Citizenship Program is one of the most affordable and fast Caribbean citizenship programs. The program offers a quick route to acquiring a second passport within 3-4 months and grants visa-free access to over 132 countries. Obtain St Lucia Citizenship by following investment options: $150,000 non-refundable donation, government bond investment of $220,000, or a property investment of $300,000.

Comparing to other Caribbean islands, Saint Lucia also has a vibrant international offshore sector, that allows people to participate in all areas of financial services. For instance, the creation of international companies and the opening of trusts.

Program Benefits

1 – No residence requirements

2 – Investment period 5 years

3 – Confidential application process

4 – Passport in 2-3 months

5 – No tax on income, wealth, or inheritance

6 – Visa-free to 132 countries, EU AND UK

Investment Options

1. $100,000 — Non-refundable donation to the government fund

Contribution to the NEF (National Economic Fund) is non-refundable. The donation amount may vary based on the number of dependents included in the main applicant’s application. To qualify for citizenship as a single applicant, you will be required to make a government donation of $100,000, $140,000 for a family of 2, and $150,000 for a family of up to 4 members.

2. $300,000 Real Estate Investment

 The real Estate option should be approved by the government

 The property can be sold in 5 years

3. Investment of $250,000 in government bonds

 $250,000 — single applicant, investment term 5 years

 $250,000 — main applicant and spouse, investment term 6 years

 $250,000 — a family of up to four, investment term 7 years

 $300,000 — a family of up to four, investment term 5 years

Antigua and Barbuda Citizenship

Antigua and Barbuda Citizenship by investment program offer one of the most affordable and quick routes to acquiring a second passport. The program grants applicant and applicant family visa-free access to over 140 countries worldwide in only 3-4 months and offers two investment options, a $100,000 government donation or a property investment from $200,000.

*Antigua and Barbuda have no tax on personal income, wages, inheritance, or capital gains. Tax residents of the country do not pay taxes on dividends, interest, or royalties.

Program Benefits

1 – No residence requirements

2 – Investment period 5 years

3 – Confidential application process

4 – Passport in 2-3 months

5 – No tax on income, wealth, or inheritance

Investment Options

1. $100,000 — Non-refundable donation to the government fund

 Contribution to the Antigua National Development Fund is non-refundable

 The government donation of $100,000 covers 4 family members, however, the same amount is required if an investor applies alone.

2. $200,000 – $400,000 Real Estate Investment

 The real Estate option should be approved by the

 The property can be sold in 5 years

Read answers to the Frequently Asked Questions about Caribbean Citizenship HERE.

LONDON BASED SOLUTIONS ADVISERS – Caribbean Citizenship by Investment

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

Property virtual tours, 3-D tours, and in-person tours are available.

Due diligence checks and additional property checks are completed by our experts.

Residency & Citizenship document preparation and submission.

Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by Ishan @seefromthesky on Unsplash