Have you ever heard of a CARICOM passport? CARICOM is a Caribbean Community that unites 20 countries with a population of about 16 million people. The region is quite diverse ethnically, economically, linguistically, politically, and socially, and it can be compared to the Schengen zone, but in the Caribbean.
Why should you get a CARICOM passport? Well, it will give you visa-free access to many countries, and the right to visit some others on the basis of an electronic visa or visa on arrival. You will be able to reside in any Caribbean country and use all of its features, such as excellent banking and low taxes. (ami.com) And that is not all, of course. In this short post, we will focus on the main details, while you can read more and even get help in obtaining a CARICOM passport on our portal.
Benefit from Caribbean taxation
Most Caribbean states are known quite well as tax havens – low-tax or even zero jurisdictions. The most popular of them are the Bahamas, Panama, and the Cayman Islands, to name just a few. They levy minimum taxes (personal income tax, tax on capital gains, tax on wealth). The absence of inheritance tax, for example, makes these countries popular with well-to-do people who organize asset protection structures there (such as trusts that can exist in perpetuity) and transfer their wealth to heirs without any losses.
However, if you decide to obtain a CARICOM passport for tax reasons, you’d better consult an expert to make sure you will get what you want. Taxation is a sensitive sphere that should be treated in the right way. At the International Wealth portal, we have specialists who can do that for you and offer much more. (Alprazolam) The link will give you an idea of our services – and we have free options, so don’t miss a chance to book a session with an expert at no cost.
We will not hide that you are not automatically entitled to lower taxes after you get your passport. The matter is that taxation can be based on citizenship and residency. A bright example of the first option is the United States: if you are a citizen, you pay taxes to the state no matter where you live, and you only have to renounce citizenship to change that. However, most countries adopt a residency principle, and so do the CARICOM states: you become their tax resident and get all the associated tax perks only if you reside in its territory for most of the year (a little more than a half, usually). After all, why not consider living among natural beauty?
Privacy and security
If you conduct any activities in a Caribbean state, you can rest assured that no information about them will be shared with any third-party organizations. This fact attracts a lot of investors and entrepreneurs here as they know that some sensitive things require silence and privacy – like a plant that will never grow from seed if you keep digging in every day to see what is happening.
If you need a privacy and asset protection stronghold, we recommend that you take a close look at Nevis. It is an excellent destination by many parameters, including the legal framework, banking, company formation, and the well-known Nevis trusts.
Visa-free traveling
CARICOM passport holders almost never have to apply for a visa to enter any country as they have easy access to 130 countries on average. And if you are interested in this aspect, the top three destinations here are Montserrat (offering access to 187 countries), Barbados (160), and the Bahamas (155).
Besides, some countries have unique bonuses that may be decisive: for instance, if you obtain Grenada citizenship, you will be entitled to visa-free entry to China.
Besides, a CARICOM passport holder has the right to stay in any other Community member state for 6 months and use a fast-track corridor at Immigration Control.
Getting a CARICOM passport via citizenship by investment programs
The most pleasant part of the story is that a CARICOM passport can be obtained in a quick and simple procedure by making an investment in the economy of the respective country.
You cannot do it by directly applying to the authorities in the country of your choice: this sphere is reserved for licensed agents.
A passport can be obtained in the most straightforward way by making a deposit. There are other options, like investment in real estate, business, or securities. However, specific rules apply in each case mentioned: for instance, you will have to remain the property owner for a defined period of time, and you may be restricted to buying government-approved real estate only. Ask our specialists at International Wealth for more details.
Recommendations
If you have a large family and you want to get CARICOM passports for each family member, take a good look at Antigua program as it offers the best value for money.
On the contrary, if you are a single applicant, the best options for you are Dominica and St. Lucia provided that you make a non-refunded donation to the country’s economy.
However, each situation is different. With that in mind, we offer a free consultation with an expert who will analyze your needs and preferences and offer the most suitable option for you personally.
By way of conclusion: beware of scams!
Before you engage in any serious process, please make sure you are dealing with an agent licensed by the government or a regulated sub-agent. The experts at the International Wealth portal are regulated sub-agents, and we will readily prove that by showing our credentials to you.
Welcome to the Caribbean!
If the CARICOM passport option seems interesting, don’t miss a chance to have easier access to different countries, financial opportunities, better asset protection arrangements, or just have more beauty in your life as you will have an opportunity to live in one of the most picturesque regions in the world.
We wish you to benefit from all the good opportunities in your life that you can get your hands on, and we can be your (licensed!) guides on that way!
