Best Tax Haven Countries | Reside In The Caribbean Tax Free
Are you dreaming of a beautiful lifestyle in a COVID free Caribbean tax haven? All of your dreams will come true if you simply acquire Caribbean citizenship by investment (CIP). Successful CIP applicants immediately qualify for the idyllic life of Caribbean tax residency in one of the best tax haven countries.
Additionally, your new passport will allow you to live and work in any CARICOM or OECS member country. You can now live the Caribbean dream among the gems of the Caribbean such as Belize, St Kitts, Antigua and Grenada plus much more.
Plus, enjoy easy access to your new Caribbean home with intercontinental flights from the US and Europe. Also, send your kids to the best universities and obtain world class healthcare at home in the Eastern Caribbean.
Discover The Best Tax Havens
From your beach villa as you look out over the white sand surrounded by the crystal clear turquoise Caribbean Sea, you will be tax exempt. Therefore, all your overseas business income, capital gains, dividends and interest is tax free. Additionally, you pay no wealth tax, inheritance tax or gift taxes. The world’s best tax haven countries have it all and offer global access and financial freedom for the best applicants.
The approval for your new Caribbean passport(s) can be obtained within 2-3 months. You can choose the method of investment and there is no requirement to notify your country of origin. Assuredly, your passport to the tax free lifestyle will be handled at the lowest possible cost in the most efficient manner possible. Trust me to be your guide to the new life you have been waiting for all this time. It’s yours for the taking, protect your family and your freedom.
Tax Haven Countries Have Constitutional Protection
The legal frameworks for the Caribbean CIPs are ingrained in each country’s constitution. In contrast, tax haven benefits obtained without the backing of citizenship, are not as secure. Whereas citizenship granted under a CIP will provide the unwavering security of your new home country’s constitutional laws.
Additionally, with full citizenship you have the option to renounce your current citizenship. On the other hand, Caribbean tax residency without the backing of citizenship compels you to retain your original citizenship and the tax obligations that come with it. Therefore, you get the best of both worlds in the best Caribbean tax haven countries if you choose to qualify through the local CIPs.
As a result, exemption from global income tax is yours for a lifetime. There is no obligation to reside in the country unless it is your personal choice. The application process can be completed remotely with no requirement to visit the country. Additionally, Caribbean citizenship is hereditary. Therefore, your descendants and also their children may receive Caribbean citizenship.
The constitutional protections apply equally for all qualified applicants whether you are a digital nomad, political refugee, perpetual traveler, cryptocurrency maverick or you just want to renounce your current citizenship. Furthermore, the St Kitts and Nevis tax haven has special constitutional benefits providing protection to cryptocurrency traders which allows them to derive the most benefits from their digital assets.
St Kitts Cryptocurrency Tax Exemption
Caribbean tax haven countries such as St Kitts and Nevis are optimal destinations for cryptocurrency traders. In addition, the Virtual Asset Bill 2020 has already been passed by the St Kitts and Nevis legislature. As a result, St Kitts tax residency offers tax exemption for traditional assets but it is also progressively inclusive. Indeed, there is no capital gains tax for individuals on St Kitts and Nevis whether your assets are digital, fiat currency or held in physical property.
Furthermore, cryptocurrency ATM machines are located throughout the island of St Kitts. You can legally exchange virtual assets to fiat currency or fiat currency to digital assets. Additionally, payment can be tendered in digital currency both locally and internationally. As a result, citizens benefit from self service plus the reduction of banking transfer fees and unnecessary transfer delays. Local traders will incur no personal income tax obligations.
Are you looking for tax exemption on your cryptocurrency assets? Then St Kitts and Nevis tax haven is the best option for you. Acquire St Kitts and Nevis citizenship today to receive the best asset protection under the constitutional framework Western countries are completely devoid of.
Caribbean Tax Benefits Non Residents vs. Residents
None of the Caribbean CIP countries impose international income tax on non resident citizens. However, if you choose to reside on island there may be a couple exceptions to watch out for. For example, establishing tax residency in Dominica or St Lucia requires tax on international income sources. Therefore, citizens should reside off the island or at least avoid meeting the physical presence requirement.
In fact, being a tax resident somewhere usually means that you have tax liability. Unfortunately, this can even include the best tax haven countries. Indeed, the best tax residency is no tax residency.
The best tax haven countries make it possible to accomplish this. As a result, you have obtained the economic version of “Nirvana”. If so, you have become forever free of personal income tax.
Tax rates imposed on international income sources for residents vs. non residents in Caribbean tax haven countries are as follows.
|Caribbean Country||Resident Tax Rate||Non Resident Tax Rate|
|St Kitts and Nevis||exempt||exempt|
|Dominica||0% to 35%||exempt|
|Antigua and Barbuda||exempt||exempt|
|St Lucia||10% to 30%||exempt|
Establish Strong Nexus with Supplemental Tools
To obtain the ultimate tax advantages of Caribbean citizenship, some supplemental measures may be necessary. Therefore, we will assist you to get a local driver’s license, physical address, local SIM card/phone bills. Also, don’t forget your new tax identification number (TIN).
Solidifying your liberation from the global tax net may require renunciation of your original citizenship. (unavoidable if your country of origin is the US). In addition to the supplemental measures outlined above, renunciation will unequivocally establish your tax haven nexus. As a result, you are 100% free of income tax.
Additional Tax Haven Benefits
Under CARICOM and the OECS, CIP allows you to reside in your Caribbean country of choice and be tax exempt on your personal income sources from overseas. Therefore, a citizen of St Kitts and Nevis can choose to reside in Grenada and be tax free for all offshore personal income sources.
However, be mindful of meeting the physical presence requirement in Dominica or St Lucia because they do impose tax on offshore income for residents. But that is only if you meet the physical presence requirement. Additionally, you still pay local customs and VAT etc if you are a residing there.
Citizenship Requirements in the Best Tax Haven Countries
Caribbean CIPs allow qualified applicants who pass a stringent background check and make a qualified investment into the local economy to acquire lifelong citizenship. The investment into the local economy can be in the form of a nonrefundable donation or investment into a government approved real estate project. Additionally, after the application forms and supporting documents are completed they are thoroughly checked by our legal team.
Upon successful completion of due diligence it is necessary to commit to the investment. If it will be in the form of the government donation, submitting the complete investment amount in total is the final step.
In comparison, the real estate will require a minimum 10% down payment to be made before the application is submitted. However, if the application is rejected by the government then the full amount of the down payment is refundable.
Government Approved Real Estate Options for Caribbean CIPs
Certain aspects of the real estate programs in CIP countries make them a compelling investment option. Ownership of property in one or the best tax haven countries will give you a physical address. This will be a crucial benefit for those who wish to establish tax free residency overseas. Additionally, if the property was used to qualify for the CIP it can therefore be sold at the end of the holding period. As a result, investors can recoup their capital while retaining citizenship in perpetuity.
Four of the best government approved CIP real estate developments are found in St Kitts (1), Grenada (1) and Dominica (2). Each of the three completed properties is well recognized internationally and they have all won awards from hundreds of publications such as The Economist, Forbes and Conde Nast Traveler. Therefore, each property has excellent visitor reviews on the mainstream travel websites. Their established client base is mostly from the United States and the European Union. Plus, the islands are a regular stop on the Caribbean cruise circuit.
Caribbean Real Estate Ideal for Social Distancing
Importantly, each property has an open design which makes it an ideal destination in the new age of social distancing. Social distancing was a indeed a special priority taken at the latest development Six Senses La Sagesse, Grenada. As a result, the 100 units are spread out over 28 acres featuring 30 swimming pools. High end travelers will appreciate the extra space which increases the quality and safety of their stay.
Additionally, the investment property used to qualify can be sold at the end of the holding period to new CIP applicants. In addition, owners can participate in profit sharing for a 4-5% annual return and visit the resort for 1-2 weeks per year free of charge (limitations apply).
|CIP Development||Purchase Price||Status|
|Park Hyatt St Kitts||US$220,000||Complete|
|Cabrits Kempinski, Dominica||US$220,000||Complete|
|Jungle Bay, Dominica||US$255,000||Complete|
|Six Senses, La Sagesse Grenada||US$220,000||In Progress|
Benefits of Caribbean Citizenship
Citizenship in a Caribbean tax haven offers many benefits especially tax exemption on your international income. However, citizenship in the best Caribbean tax havens can also be acquired quickly and efficiently.
Time consuming traditional methods to get second citizenship are indeed obsolete in the five Caribbean CIPs. As a result, you get global access and financial freedom now – not in the distant future. This is especially beneficial for those who wish to reside nearby.
Indeed, CARICOM and OECS agreements create a federation of Caribbean countries similar to the United States or member states of the European Union. As a result, the top benefit is to live and work in the CARICOM or OECS country of your choice.
This benefit has become especially pertinent in the age of the global pandemic. No question, the Caribbean islands have fared well during the pandemic. As a result, they have already reopened for tourism ahead of the rest of the world. Review the many benefits of holding a Caribbean passport.
- Visa free travel to over 100 countries including all of the EU, the UK, plus Ireland, Russia, UAE, China and more.
- English Common Law sets the legal framework in each of the five CIP countries.
- English is the national language with no fluency requirements.
- Local currency is the Eastern Caribbean Dollar (XCD) which is pegged to the USD at 2.70.
- Payment for St Kitts and Nevis CIP can be submitted in Cryptocurrency (real estate only).
- Direct intercontinental flights from US and EU.
- No requirement to reside in the Caribbean unless by choice.
- All nationalities are welcome to apply for the CIPs.
- All applications are strictly confidential.
- Family friendly CIPs allow the addition of extended family members e.g. new spouse, newborns, siblings etc.
- No requirement to renounce your current citizenship.
Get Free Consultation for The Caribbean’s Best Tax Haven Countries
I provide free consultation to clients of all nationalities who wish to benefit from a tax free Caribbean lifestyle. There is no better time to acquire your second citizenship and a new passport to protect your future. You will experience the purity of global access and financial freedom. The best time to act is now! Plan for your future and protect your family, your wealth and freedom with lifetime citizenship in a Caribbean tax haven.
My partners and I have 35+ years of experience dealing with the Caribbean CIPs. As a result, we are well integrated with the local developers and agents. Your new passport will be procured in the most cost effective and efficient manner possible.
Additionally, we will help you select from the best methods of qualification to accomplish your objectives. If you have an income source that is difficult to verify, we can help you to find a suitable work around. Indeed, CIPs target specific individuals and families in order to meet diverse objectives. Get your free quote today and eliminate high taxes!