The Caribbean has always been a popular tourist destination for millions of visitors from throughout the world, promising a paradise of natural beauty, laid-back lifestyle, activities and sports, delectable cuisine, vibrant culture, and friendly people. Hot and sunny all year, the Caribbean has a tropical climate cooled by trade winds resulting in a consistent temperature range between 29-31 C. Thousands of people from the United States, Canada, and Europe have relocated to the Caribbean permanently or seasonally. A growing number of these persons are seniors or younger people who are thinking about retiring. Most Caribbean countries have direct flights to major U.S., Canadian, and European cities. In addition, family members and visitors can visit without causing too much disruption. If you choose to make the Caribbean your permanent residence with a citizenship by investment, you can travel back home whenever you choose.
Why retiring in the Caribbean is a good idea
Caribbean passports are becoming increasingly popular among high-net-worth individuals looking for a safe alternative to their current domicile, not just because of its natural beauty and pleasant environment. The Caribbean CBI programs offer some of the best financial benefits in the world. They can also provide you with visa-free or visa-on-arrival access to over 140 countries, citizenship for your spouse, children, and parents, and job and educational prospects for your family. CBI programs in the Caribbean are also highly discreet and among the most straightforward ways to gain dual citizenship. Another element that contributes to their popularity is the absence of income and inheritance taxes in Caribbean countries.
While a number of countries around the world offer citizenship by investment programs, Caribbean countries like Grenada, St. Kitts and Nevis, and Dominica are setting the bar for these one-of-a-kind economic citizenship programs. This is down to the fact that these citizenship by investment programs not only allow individuals to live, retire, or vacation in the Caribbean’s calm and opulent settings, but they also give investors with financial and lifestyle benefits that few other countries can match.
Characteristics of citizenship by investment programs in the Caribbean
The Caribbean citizenship by investment programs are the most affordable in the world, with minimum investment requirements ranging between USD 200,000 to USD 300,000. Antigua and St. Kitts and Nevis are the cheapest, with a minimum requirement of USD 200,000, followed by Dominica and Grenada at USD 220,000, and St. Lucia at USD 300,000. The investor and his family will not be required to take a language or history exam, obtain a residency permit, or travel to the country in order to receive passports. All countries’ programs require passing a mandated Due Diligence check.
In terms of swiftness of application approval, St. Kitts and Nevis is the fastest — applications can get approved as quickly as 60 days, followed by the three-month standard among Antigua and Barbuda, St. Lucia, and Dominica. Grenada takes the longest, at four to six months.
In all five countries, a spouse, children, and parents of an investor can all apply for citizenship under the same application. Grandparents and siblings may be included in applications in Antigua and Barbuda and Dominica. The cost of their investment program participation is also determined by the country and investment selection.
Particularities of citizenship in Grenada
Grenada is the only Caribbean CBI program that can grant you a U.S. E2 Visa, allowing you to travel to the United States. When you become a Grenada citizen, you will be entitled to apply for the E2 Visa. Foreign investors who have invested in or are in the process of investing in a US-approved firm in the United States are eligible for the E2 visa. Investors who use the E2 Visa to obtain residency and travel privileges in the United States must do so solely for the purpose of creating and controlling business operations.
Grenada also boasts the Caribbean’s only CBI option that allows investors to enter the United States via the E2 Visa. It’s also the only program that allows you to visit China without a visa. However, all five countries allow visa-free or visa-on-arrival travel to countries including the Schengen countries of Europe, the United Kingdom, Singapore, and Hong Kong. The CBI program in St. Kitts and Nevis is arguably the finest for global mobility, with visa-free or visa-on-arrival entry to 157 countries.
Saint Kitts and Nevis citizenship
St. Kitts and Nevis has the Caribbean’s longest-running and most highly regarded CBI program. Since its inception in 1983, it has served as the gold standard for all other Caribbean countries launching CBI programs. One of the most appealing aspects of the St. Kitts & Nevis CBI scheme is that investors and an unlimited number of dependents are eligible for lifetime citizenship. The St. Kitts program is perfect for families because citizenship may be passed down through generations.
Orience can assist you in building a financial strategy to help fund your retirement years in the Caribbean. Orience offers the knowledge and experience to make the citizenship by investment procedure simple and straightforward for you. We can assist you in determining which CBI program is best for you, your family, and your financial situation. If you have any questions about our CBI programs or would like to start your journey to Caribbean citizenship, please contact us at any time.