Interesting facts about Caribbean CBI program you may not know

2023-11-17
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Introduction

Entrepreneurs seek suitable conditions for investing through the use of special solutions. Citizenship by investment program is designed in order to make individuals understand and experience advantages of investing along with acquiring second citizenship.

The second passport has a whole number of advantages: travel without visas, luxury international education, top level medical care, starting and running company abroad, performing unlimited business trips around the world. This list seems to be endless.

One World Migration is progressively developing, thus gaining popularity. Attempting at ensuring safe flourishing future, smart investors aim at secure investing and obtaining citizenship. People tend to select Caribbean countries presented in current article. You will get familiar with exclusivity of Caribbean programs, conditions, relevant information.

Grenada

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A gateway to a whole new world

Grenadian Citizenship by Investment (CBI) is a widespread passport gain pattern worldwide for prices and key advantages it provides. It is viewed as a gold standard in this industry.
In this case, once having gained the passport, you are endowed with the opportunity to apply for the US E-2 treaty visa which is a non-immigrant investor visa and enables you lead your company and reside in the USA.

Prior to the US introducing 3-year domiciliation to submit an application for the US E-2 visa in 2022, investors were constantly preferring to opt this destination as an alternative to gain E-2 visa.

Legal framework

Grenada's CBI Program commenced in August 2013 under the Act No. 15 of 2013. The overall objective is to reinforce the state by ensuring thriving of economy through investment inflows, that is due to result in stable working opportunities for people, professional training and progressive qualifications. Thus, it is also aimed at cherishing values, honor, prestigious status of Grenada's citizenship.

Grenada's Citizenship by Investment Program was launched in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, referred to as the ‘Grenada Citizenship by Investment Act, 2013’. The objective of the Act, as stated, is to “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada”. The general aim is to strengthen Grenada by creating economic growth through inward investment. It is expected to lead to the creation of sustainable new employment opportunities for Grenadians, training of the workforce and the broadening of skills. In this regard, it is also to preserve the prestige, honor and value of Grenadian Citizenship.

Social & travel benefits

Dwelling / enter without visa 180 countries, including the United Kingdom and European Union, Russia, Brazil, China / a great chance to obtain an E-2 investment visa / social and political security / no language tests, education or military service / the process of applying is totally confidential/ status of dual citizenship for members of family / no mandatory terms for living in Grenada / one can enroll a child at the St. George’s University in Grenada that undergoes practical training in the USA with a 90% discount on university studies.

Eligible Investments

  • One can donate to the Grenada’s fund from $150 000
  • One can make investments into the hotel business from $220 000
    Processing period takes on average 6-8 months.

Taxation system and business opportunities

Grenada possesses favorable fiscal environment. Grenada has relatively low inflation and exchange rate is rather stable. Furthermore, it has an open economy and affordable access to global markets in Europe, UK, Canada and USA. The economic structure is underpinned by public sector, transportation, manufacturing, agricultural sectors, communication, tourism, etc. Thus, you will succeed much if invest to travel sector. Moreover, tax rates on labor are low. What is beneficial, there is no foreign income, gifts, wealth, capital or inheritance gains tax. There are no restrictions on repatriation of profits and imported capital.

Antigua and Barbuda

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Legal background

The Government launched the citizenship by investment program under Investment Act of 2013. As per the document, it gives people an opportunity to gain citizenship by registration following investment in the country and for incidental and connected reasons.

Advantages

The requirement for minimum residency is surprisingly small: total of 5 days with initial 5 years of citizenship / applicable to all family / no language level test / visa-free or visa on arrival access to 150 countries including UK and Singapore / possibility to gain a 10-year tourist visa to the USA / access to educational and healthcare institutions / absolutely confidential process/ possibility to have dual citizenship without any restrictions / everything is conducted remotely

Tax benefits

Antigua and Barbuda is called a "tax haven" because there is no unified taxation system. That’s why investors find it very favorable. The income received is taxed at up to 25 percent.

Eligible Investments

  • Investment into real estate amounting to $200 000
  • Donation to the National development Fund from $100 000
    Within 5-6 months.

Overall price ranges depending upon household size and the opted variant. The absence of a criminal record and the ability to determine the legality of income are important issues.

Saint Lucia

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Legal basis

It's the youngest program in the Caribs. Citizenship by Investment Act No. 14 of 2015 regulates it. The investments are provided through the Saint Lucia National Economic Fund (NEF) to encourage state goals for development.

Pros

Visa-free or visa on arrival access to 130 countries (UK and Singapore are included) / absence of global income, dividends, wealth, inheritance tax / one can obtain a 10-year tourist visa to America / use medical services and access education / no residing / no language skills test / citizenship is inherited / 100% confidential / you can enjoy two passports unrestrictedly / everything is conducted distantly

Eligible investment

  • Donation to the National development Fund starting from $100 000
  • Investments into real estate which amounting to $200 000 (can be returned 5 years later)

Absence of criminal record or prosecution, good health as well as confirmation of the legality of income are required.

Conclusion

In summary, we have highlighted possible ways for you to definitely secure your future and guarantee many opportunities in expanding business, investing more wisely, developing on an international scale. Our company One World Migration suggests a chance to set plans and build future for generations. Ultimately, they will unlimitedly access markets, new business opportunities, cross-border investing and unique travel opportunities which will result in financial growth, enhanced portfolio, new impressions, and self-perfection.

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Citizenship programs

All programs
Grenada Grenada
Grenada
from $150,000
3-6 months
Obtaining Grenadian Citizenship by investment program grants the right to live and work in Grenada at all times, the right to vote in elections and all rights associated with membership of the Caribbean Community (CARICOM).
Learn more
Turkey Turkey
Turkey
from $400,000
4-6 months
Cosmopolitans can get a second citizenship for investing in the country's economy from $400,000. There are five options to choose from: buying real estate, investment fund shares or government bonds, participating in the fixed capital of a Turkish company, opening a deposit in a Turkish bank.
Learn more
UAE UAE
UAE
from $15,000
2+ weeks
Majestic skyscrapers, luxury hotels and shops, beaches and summer all year round. Building a business career in the UAE is prestigious.
Learn more
Discover new opportunities
For more information, the cost of services and an appointment for a personal consultation, please contact the company's representatives
Start applying for citizenship
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