Exotic isn’t the only thing that the Caribbean region can offer to foreigners. The islands help solve a number of problems related to international business, travel, and storage of finances. Migronis company has long been engaged in the provision of legal services to people who want to receive a passport by investment. They shared all the details of the Caribbean programs and the benefits of local citizenship.
Countries to gain Caribbean residency by investment
If you participate in the Migronis’s citizenship investment program, you will be proposed to choose one of the six Caribbean countries:
- St. Kitts and Nevis;
- Dominican Republic;
- Saint Lucia;
- Antigua and Barbuda.
Previously, all of them were part of Great Britain. Therefore, these days, they are members of the Commonwealth of Nations. No one would be interested in these islands if it weren’t for the benefits related to this status as well as citizenship by investment. The governments offer lower entry costs compared to European programs.
What is citizenship by investment?
A country offers foreigners to invest in the local economy for citizenship. Both sides benefit: the government receives an external flow of money, and the applicant purchases a second passport. For the Caribbean islands, such programs and offshore activities are one of the important sources of income.
Potential residents are invited to donate to a national fund, government assets or to buy the program-approved property.
However, it’s not enough to just have money. Caribbean islands require compliance with their requirements. Fortunately, it is not so difficult because the main criterions are to be a law-abiding citizen and conduct legal business. Besides, your relatives may also be tied to your application.
You and your legal representative must collect a package of documents and notarize them. Papers must be submitted in English only with the application form through a special agent. Your presence is not necessary. The consideration period is twice less than in Europe, only 2-6 months, depending on the country.
Advantage of Caribbean citizenship
The Caribbean region is one of the favorite places of rest for businessmen, celebrities, sportsmen and also regular tourists who want exotics. Each island is unique and offers a variety of entertainment. You can sunbathe on the beach, do diving, fishing, hiking, etc. For example, Saint Lucia is full of luxury hotels and professional medical centers for rest and treatment.
Even if you aren’t interested in moving to one of the exotic islands, a Caribbean passport may be useful to you. It’s necessary, to begin with the fact that countries offer the most favorable tax conditions in the world. Businessmen with local citizenship don’t pay tax on income, capital gains, gift, inheritance, etc.
The Caribbean also offers other benefits for you and your family, for example:
- visa-free travel to more than countries including the Schengen region;
- opportunity to live in the UK for up to 6 months;
- obtaining a long-term visa to the United States and Canada;
- easy processing of a US business-visa;
- free education for your children in world reputable universities;
- access to the best financial instruments and world banks;
- citizenship can be passed on to the next generations.
Now you can conclude that exotic islands can be a great place for you, your family and your business. Citizenship by investment is the easiest way to get all the benefits of the Caribbean. Especially if you participate in the program with Migronis. The company fully assumes the entire process of obtaining a second passport and guarantees success.
Have you read?
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# Global Passport Ranking, 2019.