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A. Does Jamaica offer such a program? We would be delighted to discuss your options further and provide additional details on all the Citizenship by Investment programs in the Caribbean so please contact 7th Heaven Properties, the Luxury Caribbean Property Specialist. A number of Caribbean programs are open to investors seeking citizenship through investment and a second passport. Claude Duncan, the vice-president for investment and promotion at JMPRO told to the Jamaica … If you’re trying to get a second passport for as little money as possible, then citizenship by investment simply isn’t for you. Yes, it is expensive, but it’s expensive for a reason – you get a passport in a short amount of time without needing to jump through hoops or even move to the country. Under chapter 2 of the Constitution of Jamaica, a person born in Jamaica after 5 August 1962, or born outside Jamaica after that date to a father who is a Jamaican citizen, is automatically considered a Jamaican citizen at birth.Those born in Jamaica or born to Jamaican fathers before 5 August 1962 acquired Jamaican citizenship on that day. Holders of passports from Dominica and Grenada may travel visa-free to approximately 140 countries and territories, while holders of passports of Antigua & Barbuda, St Kitts & Nevis and St Lucia may travel visa-free to approximately 150 countries and territories worldwide. he Nomad Capitalist team has helped hundreds of people create and execute prolific offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of successWould you like to be next? Only Antigua & Barbuda’s Citizenship by Investment Program has a residency requirement. Although plenty of talking heads will tell you otherwise, Caribbean citizenship by investment programs are the real deal. 10th Global Residence & Citizenship Conference – Saint Lucia Prime Minister The Hon. A person may be granted naturalization after a minimum period of five (5) years residency in Jamaica on application following his/her … Naturalisation of Aliens to the Commonwealth requires that: The applicant should have attained the age of eighteen (18) years, should have lived in Jamaica for a minimum of five (5) years on aggregate and for 12 months immediately preceding submission of the application and, be of good character. So, with many people, I can see why they’re hesitant to go from being a citizen of the US to being a citizen of a much smaller country. Unfortunately, I’m one of those Kia drivers. Applications for Jamaican Citizenship are done in different categories. Dateline: Belgrade, Serbia Here at Nomad Capitalist, we frequently talk about the importance of... How does a collection of islands, islets, and rocks ­­– most of them uninhabited – become one of... You’d be forgiven for not knowing where or even what Jersey is. Which is the best Citizenship by Investment Program in the Caribbean overall? Citizenship by Investment Unit to conduct due diligence. Currently five island nations in the Caribbean operate Citizenship by Investment programs: Antigua & Barbuda, Dominica, Grenada, St Kitts & Nevis and St Lucia. First, you’ll need to wait at least three years to get your passport with that approach. China – one of the most closed-off countries in the world as far as visas go – has even given visa-free access to Grenadian citizens, and it may follow suit with other Caribbean countries. But when I discussing getting a second passport through citizenship by investment with the people I work with, they often get a bit concerned. In the case of the real estate investment route, the Dominica Citizenship by Investment Program requires an investment of $200,000 in an approved real estate project, which is the lowest level of investment for a single applicant. ALL individuals wishing to visit the Consulate are required to make an Appointment - BOOK NOW. Option 2: An investment of at least US$400,000 into one of the approved real estate projects and to be held for a minimum period of 5 years. As much as we complain about high taxes and other problems in countries like the US, Australia, or Canada, we still have this idea that there’s something better about them that translates to how we’re treated abroad. Caribbean citizenship by investment programs tend to get a lot of flack for their cost. In Dominica, Grenada and St Lucia the average processing time is approximately 90 days (3 months) while, in the case of Antigua & Barbuda, you can typically get your new passport within 90 to 120 days (3 to 4 months). Good question. Let’s say you were given a Jamaican citizenship test in the form of the questions posted below. That’s why I use a diagnostic process with everyone who I work with – the right choice for one person might not work for others. The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success. However, that’s the wrong way of going about it. B. In a balanced response, the head of the St Kitts-Nevis Citizenship by Investment Unit, Les Khan, told WINN FM that the programme makers had "stood still in time" and that the comments made did not take into consideration all the changes government had made since 2014. Register non-Jamaican Spouse as a citizen of Jamaica; Every country has their own laws on whether or not a person can hold citizenship in two or more countries. All five countries in the Caribbean currently operating Citizenship by Investment programs have similar benefits. So, which passport allows the holder to travel to the largest number of countries visa-free? It is still not clear that the programme will offer only resident status or there will be also a citizenship option for the investors. Granted, if you’re going to get Caribbean citizenship by investment, it’s probably a good idea to at least go there and see what’s going on – and many of these countries are beautiful and fun to visit. While the programs are relatively similar in terms of costs, benefits and application processes, there are differences. For details on approved investments throughout the islands, browse Caribbean Citizenship by Investment Real Estate options on our website. All 5 passports allow visa-free travel to the EU and the UK. If so, you will want to understand which program requires the lowest level of investment. By forcing all foreign banks to become unpaid tattletales to the IRS, this law severely limits US citizens’ options while banking abroad. We help people plan their citizenships and residences so they don’t lose much if any ground. Persons interested in becoming citizens of Jamaica should first check to see if their country allows for dual nationality. Find out in our comparison guide. The US’s E-2 Investor Visa allows qualifying individuals making a substantial investment in a new or existing business in the USA to enter and work in the USA for a period of 3 months to 5 years (and can be extended indefinitely). Caribbean Citizenship by Investment (CBI) programmes enable individuals to obtain citizenship in the Caribbean followed by a Caribbean passport, by investing in a country in the region, either through a contribution to the government or a real estate investment. Grenada’s Citizenship by Investment Program offers a route to apply for the USA’s E-2 investor visa. THE ADVANTAGES FOR HAVING JAMAICAN CITIZENSHIP. Any person born in Jamaica after August 5, 1962; Proof of citizenship: Birth Certificate issued by the Registrar General’s Department of Jamaica. You can get citizenship by descent in Jamaica. Join our email list and we’ll send our best articles, videos and exclusive content right to your inbox. The Citizenship by Investment Unit Office of the Prime Minister 1st Floor, Ministry of Finance Building P.O. If you have the capital, it’s often worth it to just pay the money and not have to deal with anything else. Are you considering applying for a second citizenship and looking for the best Caribbean Citizenship by Investment program for you and your family? Grenada is the only country operating a Citizenship by Investment program which also holds an E-2 Visa Treaty with the USA. It’s also one of the easiest ways to get a second passport. Naturalisation QUALIFICATION. That being said, you might go to a country where few people with your passport travel to – but that can happen with any passport. To Get Caribbean Citizenship by Investment, you Need to Live There. Europe and South America also offer most Caribbean passports visa-free access. Is cost your priority? When I traveled to Malaysia with a friend of mine from Montenegro, for example, the Malaysian immigration officer had to double-check whether Montenegrins had visa-free access. Box 597, Golden Rock, St. Kitts, West Indies Find out in our comparison guide. Most of these countries will are indifferent to what your nationality is or whether you renounced as long as you meet their criteria. (i) She / He was born outside of Jamaica before the 6th August 1962 (ii) His / Her mother or father on the 6th August 1962 became or would have, but for his/her death, become a citizen of Jamaica. Please speak with a registered investment advisor before making any investment decisions. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. As a consequence, Grenada’s Citizenship by Investment Program uniquely offers a route to applying for the US’s E-2 Investor Visa program. These Caribbean countries are real countries with real passports that can serve you just as well as any other citizenship can. When you show up to an international border, it’s easy to be like, “hey, I’m from this huge country where there’s a lot going on.” Everyone knows the US, and most immigration officials respect a US passport. To qualify for the St Kitts & Nevis Accelerated Application Process (AAP), applicants are required to pay the following application, due diligence and processing fees (including the application and processing of the St Kitts & Nevis passport) which are more costly than the standard fees: St Kitts & Nevis offers a fast-track 60 day Accelerated Application Process. Many Caribbean passports also have visa-free access to Russia – another country notorious for its strict visa policies. However, you don’t need to pack your bags and move to St. Vincent and the Grenadines if you want to get a passport there. Required fields are marked *. At the end of the day, it’s about deciding what’s best for you. If you tell someone that you have Caribbean citizenship by investment, they might scoff at you. Investment Requirements: Option 1: A contribution to the National Development Fund (NDF) of a minimum non-refundable amount of US$200,000. This myth comes from the most common way that you can get citizenship in a country – naturalization. Answer the questions below and share your results in the comments. These include applications for citizenship: Descent. However, for many people – especially Americans – it’s just easier to suck it up, write a check, and get a passport in a matter of months. As someone who’s actually gotten Caribbean citizenship by investment in St. Lucia and helped others do the same in places like Grenada, I can help clear up some of these common misconceptions about Caribbean citizenship by investment. While the programs are relatively similar in terms of costs, benefits and application processes, there are differences. Just the other day, I had a British guy come to me saying that he wanted to get a second citizenship and become a tax non-resident in the UK, and we actually decided against him getting Caribbean citizenship by investment. Antigua, Antigua & Barbuda, Citizenship by investment, Dominica, Grenada, Nevis, Real Estate, Second citizenship, Second passport, St Kitts & Nevis, St Lucia, Caribbean Citizenship by Investment Real Estate, Best Caribbean Citizenship by Investment Program, Caribbean Citizenship by Investment Comparison, Antigua & Barbuda Citizenship by Investment real estate, Dominica Citizenship by Investment real estate, Grenada Citizenship by Investment real estate, St Kitts & Nevis Citizenship by Investment real estate. The only thing is, where do you live if you get a Caribbean citizenship, give up your USA one, but want to actually live in the US? You’ll get a good-quality passport that’s becoming increasingly stronger, and you’ll have citizenship in a country that isn’t actively trying to monitor your every move abroad. The Nomad Capitalist team has helped hundreds of people create and execute prolific offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of successWould you like to be next? "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, Second Residence: How to Get a Residence Permit Overseas, The Best Citizenship by Investment Programs, Citizenship By Descent: How to Get an Ancestral Passport, International Investment: How to Invest in Emerging Markets, whether you can get to the places that you need to go easily, invest in real estate to get a second residency, 3 Tiers of Passports: How to Define the Best Passport in the World, The Calexodus: Why You Need to Leave California Now, 7 Countries Where Residence Doesn’t Lead to Citizenship, The Guernsey Permanent Residence by Investment Guide, Jersey Residency by Investment: the Ultimate Guide. In fact, all 5 Caribbean passports offer extensive visa-free travel worldwide. Categories of Citizenship In the future, the US, the EU, and other Western countries are going to keep imposing new rules, taxes, and restrictions on their citizens. So, which is most cost-effective? The Caribbean island of St Kitts pioneered the introduction of citizenship by investment when it introduced its immigrant investor programme in 1984. Does your opinion change Andrew when it comes to taking the Carribean passport and giving up your current passport (situation where dual passport is not allowed). It all depends on your goals and circumstances. Citizenship by Descent for persons born overseas of Jamaican parentage Qualification. While it may cost them six figures out of pocket, they’ll save more than double that amount in taxes over the years – especially if they’re investing in cryptocurrency. Which Caribbean citizenship by investment program is most cost-effective? Are you considering applying for a second citizenship and looking for the best Caribbean Citizenship by Investmentprogram for you and your family? If so, Grenada’s Citizenship by Investment Program might be your best option. Learn how your comment data is processed. Citizenship by Descent QUALIFICATIONS This myth comes from the most common way that you can get citizenship in a country – naturalization. Citizenship by Investment Program of Turkey Countries are defined by the power and strength of their passport on the Henley Passport Index and The Passport Index. Of the 5 programs, the St Kitts & Nevis Citizenship by Investment Program can be the quickest option. Citizenship by Naturalization. Applicants can also qualify with an investment of $200,000 for the programs in Antigua & Barbuda and St Kitts & Nevis, but only as a joint investment with another applicant where the total investment amounts to $400,000. 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