5 second passport benefits from 5 Caribbean islands

Whether looking for a second passport for establishing a business or organizing your tax affairs, a second Caribbean passport will meet your needs.

When someone discusses about the passports of these countries and how a small country like St. Kitts or Grenada offers their own passports with little investment and little waiting time, one might think that they are illegitimate or fake passports. The only thing that is fake is this belief itself.

The Caribbean Programs have been in place since the 1980s and are guaranteed by the Constitution and cannot be abolished despite changes in governments and laws.

Caribbean Islands and the second passport

If you were not born in a country and have indigenous roots linking you to that country, it will be difficult to obtain citizenship of that country, unlike Caribbean passports, which have few requirements but offer many benefits.

The Caribbean Programs created in 1984, and provide a second passport after contributing or investing in real estate in their land, with powerful passports that give you the ability to create different opportunities.

Someone might ask you why you should spend $200,000 to get a passport when you can do it by depositing a much smaller amount in a bank in Paraguay, for example:

Firstly, you need 3 years in the case of the Paraguayan programme, while for the Caribbean countries, after 6 months you will get your second passport. Secondly, most cases do not lead to obtaining citizenship in the Paraguayan program, even if you meet all the conditions required, unlike Caribbean citizenship. The Caribbean Passport is very strong and its program has unique features that cannot be compared not only to Paraguay, but also to major countries.

If you are an entrepreneur or high net worth person, you should not take advice from strangers on forums and other people who don’t have taxes or need to diversify their assets. Second citizenship greatly benefits businessmen and real estate owners, and you can ensure this by consulting people at your level and in the same situation as you.

5  Benefits of Second Caribbean Passport

1. A second passport to travel around the world

A Caribbean passport entitles you to enter more than 150 countries without a visa, and some of the 150 countries that you can enter without a visa are: Hong Kong, Singapore, Russia, Brazil, Qatar, China, Canada, Britain and all Schengen countries.

The countries that are difficult to reach are (China, Canada, America, Australia, New Zealand) and even European countries are not entitled to enter them without a visa, knowing that 2 of them can be reached with a Caribbean Islands passport without a visa and the remaining 3 are easy to reach.

For people who have business, educational, or other relationships with the United States, they can obtain a US E-2 work visa or a US B1/B2 visitor visa for a full 10-year period with freedom of entry and exit.

Despite Russia’s complex visa policy, Caribbean passports provide you with the possibility of entering Russia without a visa. As for China, it allows entry without a visa to only 15 countries, including two islands in the Caribbean.

Only Australia and New Zealand remain among the major countries of the world that we did not mention, as they are united with the Caribbean islands by the Commonwealth, so you can obtain a visa to travel there easily.

But in my personal opinion, all that matters is the countries you want to travel to, more than the number of countries you are allowed to travel to without a visa.

2. A second passport for the future of the family

Since moving to the Caribbean islands reduces the cost of living due to lower taxes, and in addition to the fact that these islands have a sunny climate and picturesque landscapes, these two reasons are enough to be chosen by retirees and those considering living in a new area.

The Caribbean islands have strong education and health systems. As the St. George Medical Group in Grenada enjoys its fame and quality of education, and has branches in Britain and America, with the possibility of studying at local prices compared to international students.

In addition to all the educational and credibility benefits these passports have due to being a Commonwealth country, there are other benefits you can take advantage of as well. For example, if you get into trouble in any country where there is no Caribbean consulate, you can seek protection from the British Embassy, and if you need an emergency exit, the British Embassy will provide you with an emergency passport to return to your accommodation.

3. Second commercial passport

In addition to the quality of life, you can benefit from the tremendous business opportunities that the Caribbean Islands offer as a Caribbean country and being in the Organization for Economic Cooperation and Development and within the Commonwealth of Nations.

With a second citizenship from one of the Caribbean countries, you will be able to establish or expand your company or open branches in the most powerful countries in the world, as we mentioned the most important of these countries.

Transparency is another characteristic that distinguishes Caribbean countries. Aside from the possibility of changing your name and not sharing your new passport data with third parties and your country of origin, Caribbean countries do not monitor your financial movements outside their jurisdiction, giving you more freedom and privacy.

For example, the St. Kitts and Nevis Fund has strict privacy laws. Through this fund, you can store and manage your asset there with great convenience.

4. A second passport as an alternative plan

The idea of giving small countries like the Caribbean islands powerful passports is a bit strange, but these countries are sovereign and belong to the British Commonwealth. Also, Caribbean passports are not a second-class passport, and these passports cannot be viewed differently. All that matters to the customs officer is that you have a valid passport or visa.

With a second passport from one of the Caribbean islands, you can travel to those islands even if the borders of your first country of citizenship are closed, and you can become a tax resident of the second country if its tax system suits you better.

Not only an alternative tax system, but an alternative homeland and a second emergency plan in case your homeland faces any external circumstances, whether natural, political, or matters related to banking systems.

5. A second passport for tax regulation

Many countries levy personal taxes on their citizens regardless of where they live, unlike Caribbean countries which levy taxes on physical presence. You do not become a tax resident until you have resided for 183 days a year.

Although a second Caribbean citizenship costs six figures out of investors’ pockets, it is beneficial in the long run because with current tax systems, you will lose more than twice the money if you invest for a second passport, especially if you deal in cryptocurrencies.

In light of this, Americans began to give up American citizenship and invest in obtaining a Caribbean passport in order to evade taxes, due to what it offers individuals. However, we do not recommend canceling your first citizenship because you do not know when you will benefit from it.

It is worth noting that with the help of a Caribbean passport, you can easily conduct and access European banking transactions without going through complex due diligence procedures, not to mention the possibility of opening international bank accounts abroad.

Regardless of all of the above, the most important point to be noted is that the Caribbean islands do not impose any taxes on any business outside their islands and do not impose taxes on donations, wealth, gifts, transfers and inheritance.