{"id":8704,"date":"2017-01-19T17:35:41","date_gmt":"2017-01-19T17:35:41","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=8704"},"modified":"2019-02-12T14:07:55","modified_gmt":"2019-02-12T19:07:55","slug":"citizenship-investment-competition-heats-caribbean","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/citizenship-investment-competition-heats-caribbean\/","title":{"rendered":"Citizenship-by Investment Competition Heats Up In Caribbean"},"content":{"rendered":"<p>Caribbean nations are embroiled in a hotly-contested battle as they try to attract high net worth individuals as candidates for their citizenship-by-investment programs.<\/p>\n<p><a href=\"https:\/\/www.investmentimmigration.com\/saint-lucia-citizenship-by-investment-program\/\" target=\"_blank\">St Lucia<\/a> has just announced a plan to revamp and relaunch its program to try and compete with others including <a href=\"https:\/\/www.investmentimmigration.com\/antigua-barbuda-investor-citizenship\/\" target=\"_blank\">Antigua &amp; Barbuda<\/a>, <a href=\"https:\/\/www.investmentimmigration.com\/saint-kitts-nevis-investor-residence-program\/\" target=\"_blank\">St Kitts &amp; Nevis<\/a> and <a href=\"https:\/\/www.investmentimmigration.com\/dominica-citizenship-by-investor-program\/\" target=\"_blank\">Dominica<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"8705\" data-permalink=\"https:\/\/www.investmentimmigration.com\/citizenship-investment-competition-heats-caribbean\/citizenship-by-investment-competition-heats-up-in-caribbean\/\" data-orig-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2017\/01\/Citizenship-by-Investment-Competition-Heats-Up-In-Caribbean.jpg\" data-orig-size=\"375,250\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Citizenship by Investment Competition Heats Up In Caribbean\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2017\/01\/Citizenship-by-Investment-Competition-Heats-Up-In-Caribbean-300x200.jpg\" data-large-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2017\/01\/Citizenship-by-Investment-Competition-Heats-Up-In-Caribbean.jpg\" class=\"aligncenter size-full wp-image-8705\" src=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2017\/01\/Citizenship-by-Investment-Competition-Heats-Up-In-Caribbean.jpg\" alt=\"Citizenship by Investment Competition Heats Up In Caribbean\" width=\"375\" height=\"250\" srcset=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2017\/01\/Citizenship-by-Investment-Competition-Heats-Up-In-Caribbean.jpg 375w, https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2017\/01\/Citizenship-by-Investment-Competition-Heats-Up-In-Caribbean-300x200.jpg 300w\" sizes=\"(max-width: 375px) 100vw, 375px\" \/><\/p>\n<p>Estimates suggest these countries are competing for a slice of $2 billion in investment funds floating around the high net worth community.<\/p>\n<hr \/>\n<p><strong>St Lucia CIP Benefits<\/strong><\/p>\n<ul>\n<li>Visa-free access to access to 105 countries including North America and the EU.<\/li>\n<li>Ranked as the best nation among English-speaking Caribbean nations from 2007 to 2014 by the World Bank.<\/li>\n<li>Stable political society with rule of law and a mature democracy<\/li>\n<li>High quality of life including access to reputed healthcare and education.<\/li>\n<\/ul>\n<hr \/>\n<p>St Lucia\u2019s Prime Minister Allen Chastnet believes Dominica is currently winning the competitiveness battle, with 3,000 of 71,000 citizens coming through the investment program.<\/p>\n<p>Now St Kitts \u2013 which has the oldest CIP in the world \u2013 is attempting to play catch-up by slashing processing times.<\/p>\n<hr \/>\n<p><strong>St Kitts &amp; Nevis CIP Benefits<\/strong><\/p>\n<ul>\n<li>Visa free travel to Schengen Area.<\/li>\n<li>Visa free travel to Switzerland, UK and Ireland.<\/li>\n<li>No minimum residence requirements.<\/li>\n<li>Simple procedure with minimal red tape.<\/li>\n<li>No income or wealth tax.<\/li>\n<li>Option to reside in any of 15 Caribbean countries.<\/li>\n<li>No physical presence required.<\/li>\n<\/ul>\n<hr \/>\n<p>Key attractions of all the programs are that they give investors the opportunity to protect their wealth from high taxes, and to travel visa-free to a significant number of countries.<\/p>\n<p>A St Kitts passport, for example, allows travel to 126 countries including the European Union\u2019s Schengen zone.<\/p>\n<hr \/>\n<p><strong>Dominica CIP Benefits<\/strong><\/p>\n<ul>\n<li>No prior residence requirements.<\/li>\n<li>Ability to hold a second passport for convenient travel to other countries.<\/li>\n<li>Visa-free access to numerous countries including U.K. and other British Commonwealth countries along with ease of travel to Hong Kong, South Korea, and China.<\/li>\n<li>Liberalized tax regime.<\/li>\n<li>No requirement to renounce existing citizenship.<\/li>\n<\/ul>\n<hr \/>\n<p>Dominica, by contrast, does not have Schengen zone access, but it does come out on top in terms of investment threshold. For $100,000, a single investor can get a Dominican passport in eight weeks.<\/p>\n<p>St Lucia currently asks for a $200,000 investment, although that could change when the propose restricting is complete.<\/p>\n<hr \/>\n<p><strong>Antigua &amp; Barbuda CIP Benefits<\/strong><\/p>\n<ul>\n<li>Visa-free travel to Schengen zone.<\/li>\n<li>Citizenship for family members without additional investment.<\/li>\n<li>Second passport for ease of travel.<\/li>\n<li>Free movement through the Caribbean CARICOM countries.<\/li>\n<\/ul>\n<hr \/>\n<p><b>Further reading<\/b><\/p>\n<ul>\n<li><a title=\"Permalink to Criticism Of Citizenship Programs Not Justified: Caribbean Envoy\" href=\"https:\/\/www.investmentimmigration.com\/criticism-citizenship-programs-not-justified-caribbean-envoy\/\" target=\"_blank\" rel=\"bookmark\">Criticism Of Citizenship Programs Not Justified: Caribbean Envoy<\/a><\/li>\n<li><a title=\"Permalink to Investors Looking Away From Europe, Towards Caribbean Because of \u2018Brexit\u2019\" href=\"https:\/\/www.investmentimmigration.com\/investors-looking-away-europe\/\" target=\"_blank\" rel=\"bookmark\">Investors Looking Away From Europe, Towards Caribbean Because of \u2018Brexit\u2019<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Caribbean nations are embroiled in a hotly-contested battle as they try to attract high net worth individuals as candidates for their citizenship-by-investment programs. St Lucia has just announced a plan to revamp and relaunch its program to try and compete with others including Antigua &amp; Barbuda, St Kitts &amp; Nevis and Dominica. Estimates suggest these&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-2go","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/8704"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=8704"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/8704\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=8704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=8704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=8704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}