UGLOBAL . COM 7
Citizenship by investment in the Caribbean provides access to many advantages that can ' t be found anywhere else , but with so many programs to choose from , how do you know which one is right for you ? Below are some tips for choosing the right CBI program and passport for you and your family .
WHAT IS A CBI PROGRAM ?
Citizenship by investment , also known as a CBI , is a government-sponsored initiative that allows foreign investors to obtain citizenship and a passport in exchange for making a qualifying investment within their economy .
There are many CBI programs around the world , and each one has its own requirements and benefits . While the programs vary from country to country , it typically involves making a donation or an investment in real estate , business , or government bonds . While CBI programs have been around for decades , they have become increasingly popular in recent years due to the global economic climate . The Caribbean offers the top 5 CBI programs with their fast track processes and reputable passports and attract high net worth individuals who are looking to diversify their passport portfolio .
WHAT ARE THE BENEFITS OF A SECOND PASSPORT ?
Creating an offshore lifestyle is now a priority for many individuals and families around the globe . Internationalizing oneself , through citizenship and residency planning , is a key step in today ’ s ever-changing environment . For many people , a second passport is seen as a status symbol , however , there are actually a number of practical benefits that come with having a second citizenship .
A second passport can greatly increase your global mobility . Depending on the country of your second citizenship , you may have access to a wider network of visa-free travel options , making it easier to work and live abroad . The five Caribbean CBI programs offer investors a strong passport granting visa-free access to over 140 countries including Europe , United Kingdom , Singapore and Hong Kong .
“ The five Caribbean CBI programs offer investors a strong passport |
granting visa-free access to over 140 |
countries including Europe , United |
Kingdom , |
Singapore |
and |
Hong |
|
Kong .
”
|
|
|
|
Along with access to more countries , applicants may live , work , and study in their new country of citizenship as well as any member country of the CARICOM Community in the Caribbean .
Holding a second passport can open up new opportunities for business and investment . It can provide access to banking and financial services in multiple jurisdictions . It can also provide a way to optimize your taxes , as certain countries offer more favorable tax regimes for foreign investors .
For many people , the process of obtaining citizenship can be a long and arduous one . However , the CBI programs in the Caribbean offer a fast-trackprocess where applicants can obtain citizenship along with a passport in 3-6 months . Applications can be submitted through a local agent , without the need for the applicants to ever visit the country . In addition , citizenship is granted in all cases without residency requirements- with the exception of Antigua & Barbuda which requires applicants to visit the Island for a minimum of 5 days within 5 years of becoming a citizen .
Another great advantage of the CBI programs in the Caribbean is that the investment is only required after the application is pre-approved .
HOW DO THE DIFFERENT CARIBBEAN CBI PROGRAMS COMPARE ?
REPUTATION AND STRENGTH OF PASSPORT The Caribbean is politically stable and the passports issued by Caribbean nations are well-regarded . As a result , they