Why Caribbean Citizenship Is So Popular?

 

The Caribbean Sea which splits the Atlantic Ocean in two encompasses several natural islands situated in close proximity. The region known as the Caribbean has over seven hundred different islands of a variety of sizes, but not every island is considered to be a country on its own.  However, among those islands, there are only thirteen independent territories (within the Caribbean which are) considered to be individual countries.

Few of the Caribbean Island countries offer citizenship by investment programs leading to acquiring a legal passport of the respective country. Truly, a positive aspect is that the passports obtained through these Caribbean Citizenship programs are much more popular nowadays.

Let’s examine the reason for the popularity of such a useful passport.

First of all, it is not an easy task to travel around the world due to restrictions imposed at the entry to a certain country.  It is in practice that countries in the first world and regions with stronger economies are much harder to get into if you don’t have a stronger passport.  Hence the holders of the Caribbean countries’ passports can travel freely to more than 140 countries, including the Schengen zone, the UK, and Singapore.

Among all Caribbean passports, the Grenadian has the advantage of getting visa-free entry to China. This is a great sign of the strength of a Caribbean passport that one of the major economic blocs lets the holder of that passport enter the country so easily. Grenada is one of those Caribbean countries - Belize, the Bahamas, Jamaica, Antigua and Barbuda, and St. Kitts and Nevis - that showed their intention to become a republic by removing the monarch of Britain’s Queen Elizabeth. 

Where moving around the world easily is a high plus point for tourists, the same applies to business people. Having this (much) ease, business people can freely choose the channels of demand and supply. They can get the production done or purchase goods from the countries where they get much cheaper prices and export to the destinations where they receive attractive profits.  Furthermore, where a Caribbean passport offers secure and easy mobility in the world, it also provides the opportunity to live and work legally in the United States in some cases.  Being able to work in such a big and rich economy of the US with diverse cultures to enjoy makes it the best choice to have a Caribbean passport - one of the strongest travel documents in the world.

Business people can do their business activities in high volumes as well as have their kids grow up in such a rich culture. And at the same time, they can enjoy relief from global taxation depending on the flexibility in limitations provided in accordance with the region in question.

On an average calculation, acquiring Citizenship in one of the Caribbean countries by investment costs about $100,000 which is not a very expensive investment as compared to the benefits of acquiring such a strong passport in the world.   In a nutshell, acquiring citizenship in any of the Caribbean countries is beneficial in terms of having freedom of global mobility, ease of doing international business activities, and being welcomed by the most prominent countries of the world.  This is why Caribbean citizenship is so popular.