The Caribbean is famous for its stunning natural beauty, vibrant culture, and welcoming people. These are the qualities that draw tourists from all over the world to these island countries. Beyond the natural beauty, the best Caribbean tax havens also attract those seeking second citizenship for the advantages of global mobility, improved healthcare, and tax structures that are most effective to secure the future.
According to iGlobal.net, a leading consultancy firm specializing in investment-based citizenship and residency, Grenada, St. Kitts and Nevis, and Dominica are three of the most popular Caribbean countries that offer citizenship to investors through state investment programmes. Every year, between 10% and 30% more investors become citizens of these countries.
Benefits of a secondary citizenship
Caribbean passport holders have visa-free travel rights in over 144 countries and territories, including the Schengen zone, the United Kingdom, and Singapore. Grenada’s passport even allows entry to China without a visa.
Grenadian citizenship also provides eligibility to live and work in the United States without a green card; investors can apply for the US E-2 visa with a Grenada passport. This visa allows the holder to travel to the United States as often as they want, live and work in the country, and send their children to American schools and universities. Grenada passport holders are eligible for the renewable US E-2 visa with an initial term of 5 years plus special tax breaks inside the US.
Aside from the freedom to travel without a visa, investors gain access to a slew of new opportunities, including:
- The opportunity to relocate to another country in the event of an emergency.
- The ability to obtain citizenship for the entire family as soon as possible.
- Form a corporation and conduct business in another country.
- Tax optimization
- Open an international bank account quickly.
- Give children a prestigious British education.
- Pay no tax to the US government on international income (US E-2 visa).
How to apply to obtain a second citizenship
Citizenship in the best Caribbean country can be obtained in a variety of ways, including naturalization or marriage to a citizen.
Investing, however, is the quickest route. The minimum investment amount is determined by the programme and investment option selected. Dominica, for example, has the lowest investment requirements for single investors: they can get citizenship for a contribution of $100,000 to a state fund. On the other hand, the cost of the Dominica real estate program is very optimized for large families but also individuals.
A spouse, children, parents, grandparents, and siblings of an investor can all apply for citizenship using the same investment. The country and investment option determine the cost of their investment programme participation.
The investor and his family will not be required to take a language or history exam, obtain a residence permit, or travel to the country to obtain passports. It should be noted that every country’s programme will require a mandatory due diligence check and health certificate.
Top advisors in this space & why iGlobal.net is the leader
To acquire second citizenship in one of the best Caribbean tax havens, the name that keeps coming up is iGlobal.net. The agency, with its local partners, has worked with Caribbean citizenship by investment programmes for over 35 years. Their advisors have first-hand experience with government-approved 5-star luxury real estate to qualify for the best Caribbean citizenship programs.
iGlobal.net understands the legal frameworks for Caribbean citizenship by investment programmes that are ingrained in each country’s constitution. In contrast, tax haven benefits obtained without the backing of citizenship, are not as secure. Whereas citizenship granted under the citizenship by investment programme will provide the unwavering security of your new home country’s constitutional laws.
Additionally, as stated by iGlobal.net’s CEO, with full citizenship you have the option to renounce your current citizenship. On the other hand, Caribbean tax residency without the backing of citizenship compels you to retain your original citizenship and the tax obligations that come with it. Therefore, you get the best of both worlds in the Caribbean tax havens if you choose to qualify through the local CIPs.
iGlobal.net also provides full service to clients who wish to immigrate to the United States. Their immigration and legal teams are US E-2 visa experts. Applicants can also choose from more than 300 turn-key business solutions to qualify for US immigration.
Contact: Edwin Morgan
Email: agent@iglobal.net
Telegram: +60 10 468 9761
