Tax Residency in the Best Caribbean Tax Havens
Are you dreaming of a beautiful lifestyle in a 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 tax residency benefits in one of the best Caribbean tax havens.
In addition, your new passport will allow you to live and work in any CARICOM or OECS member country. Therefore, you can live tax free among the gems of the Caribbean such as Belize, St Kitts, Antigua or Grenada plus much more.
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. This means that all your overseas business income, capital gains, dividends and interest is tax free.
You pay no wealth tax, inheritance tax or gift taxes. The Caribbean tax havens have it all and offer global access and financial freedom for the best applicants.
Top Benefits of Caribbean Citizenship
Citizenship in a Caribbean tax haven offers many benefits, not only tax exemption. The best Caribbean tax havens also offer speed and efficiency.
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. 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. The islands have indeed already reopened for tourism ahead of the rest of the world. Review the many benefits of holding a Caribbean passport.
- Visa Free Travel – Enjoy easy entry on arrival to over 100 countries including all of the EU, the UK, plus Ireland, Russia, UAE, China and more.
- English Common Law – The best legal protection is available in the five Caribbean CIP countries.
- English Language – English is the spoken language with no fluency requirements.
- Currency Stability – Eastern Caribbean Dollar (XCD) is pegged to the USD at 2.70.
- Global Accessibility – Regular Direct intercontinental flights from US and EU, flight numbers are steadily increasing.
- No Residency Requirements – No requirement to reside in the Caribbean unless by choice.
- 100% Confidentiality – All CIP applications are strictly confidential.
- Extended Family Programs – Family friendly CIPs allow the addition of extended family members e.g. new spouse, newborns, siblings etc.
- Dual Citizenship – Retain your original passport with no requirement to renounce your current citizenship.
New Passports in 2-3 Months
Assuredly, your passport to the tax free lifestyle will be handled at the lowest possible cost in the most efficient manner possible. Trust iGlobal to be your guide to the new life you have been waiting for all this time. It’s yours for the taking. Time is of the essence to protect your family, your wealth and your freedom.
Government approval for qualified applicants can be obtained within 2-3 months. You can choose the best method of investment and there is no requirement to notify your country of origin.
Discover The Best Caribbean Tax Havens
Legal Nexus to a Caribbean Tax Haven
To obtain the ultimate tax advantages of Caribbean citizenship, some supplemental measures may be necessary. Rest assured, 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.
Government Approved Real Estate Options
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.
Please note that if the investment was used to qualify for the CIP it can then be sold at the end of the holding period. Therefore, investors can recoup their capital while retaining citizenship in perpetuity.
Five of the best government approved CIP real estate developments are found in St Kitts (1), Grenada (2) 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.
Furthermore, each property has excellent visitor reviews on the mainstream travel websites which can be independently verified. 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.
Earn High Dividend Yields
Owners can participate in the profit sharing program to obtain a tax free investment yield and also visit the resort for 1-2 weeks per year free of charge (limitations apply). On average, the annual dividend payout can be as high as 3-5% depending on the property and their annual bookings. The more tourists that come per year, the higher the yield!
Importantly, each property also 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 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.
| CIP Development | Dividend Yield | Purchase Price | Status |
| Park Hyatt, St Kitts | 3-4% | US$400,000 | Available |
| InterContinental Dominica | 3-4% | US$220,000 | Available |
| Jungle Bay, Dominica | 4-5% | US$255,000 | Limited |
| Six Senses, La Sagesse Grenada | 3-4% | US$220,000 | Sold Out |
| InterContinental Grenada Resort | 3-4% | US$220,000 | Available |
Personal Income Tax Exemptions
None of the Caribbean CIP countries impose international income tax on non residents. However, if you choose to reside locally there may be some residence based taxation imposed. 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 which is 182 days per year. Hint* don’t exceed 182 days on the island per year lest you pay income tax.
Indeed, being a tax resident somewhere usually means that you have tax liability unless, your country of citizenship and residency is a tax free jurisdiction. Rest assured, the best Caribbean tax havens are exactly what you are looking for. You have obtained the economic version of “Nirvana”.
Income tax rates imposed on international income for residents vs. non residents in the Caribbean tax havens we cover are as follows.
| Caribbean Country | Resident Tax Rate | Non Resident Tax Rate |
| St Kitts and Nevis | Exempt | Exempt |
| Dominica | 0% to 35% | Exempt |
| Grenada | Exempt | Exempt |
| Antigua and Barbuda | Exempt | Exempt |
| St Lucia | 10% to 30% | Exempt |
Acquire Citizenship in a Caribbean Tax Haven
Caribbean CIPs allow qualified applicants who have a clean background, produce a medical certificate and also 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.
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 total investment amount is only required after your application has been fully approved by the government.
In comparison, the real estate investment option will require a minimum 10% down payment to be made before the application is submitted. While the balance of the purchase price is only payable after your citizenship application is 100% approved by the government.
However, if the application is rejected for some unforeseen reason the full amount of the down payment is refundable. Please note we have a 100% approval ratio after submission.
Nevis Company with Nevis Trust
Caribbean tax havens such as St Kitts and Nevis are optimal destinations for an offshore company and asset protection trust. This is especially true since St Kitts and Nevis is already the world’s top destination for second citizenship. As a result, all three steps of the absolute best offshore tax plan are readily available for you and your family.
It all starts with acquiring second citizenship. In St Kitts and Nevis, you can have your new passports within 2 months. In addition, earn a 3-5% dividend yield on your qualifying property (see details below). As a citizen, you immediately qualify for tax residency, not only in St Kitts and Nevis but in any other participating CARICOM or OECS country.
Nevis Company
The second step in our asset protection plan is the formation of the Nevis company. Nevis is the sister island of St Kitts, together they form a twin island federation. However, Nevis has extra legal protections and tax benefits. While still part of the federation, this means that Nevis has their own banking and financial regulations. The island of Nevis has also elected to allow their companies a 0% income tax rate on all offshore income.
Nevis also has the strongest liability protection available for companies. It is virtually impossible for foreign entity to prevail against a Nevis company. This is because Nevis courts require that all actions brought against a Nevis company are done so in St Kitts and Nevis. This is a tremendous advantage for Nevis companies and their beneficial owners.
In addition, Nevis courts do not recognize foreign judgements against Nevis companies. The plaintiff graveyard in Nevis includes well funded state backed adversaries such as the IRS. They have failed when taking legal action against a Nevis company.
Nevis Asset Protection Trust
After you have completed the first two steps, it is time to consider a Nevis asset protection trust. Your citizenship will serve as the kernel for the beneficial owner of the Nevis company. It is formidable protection on its own. However, when your assets are included inside the Nevis company, the second layer of protection is implemented.
On its own, the Nevis company (with yourself serving as director/member) is nearly impossible to compromise. However, you can now put the company and yourself inside a Nevis Trust. If so, your protection becomes airtight. It is also ideal for tax free succession planning.
Caribbean Tax Havens have Strong Legal Protection
The legal framework 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.
Essentially, with the backing of full citizenship you have the option to renounce your original citizenship. On the other hand, tax residency without the backing of citizenship compels you to retain your original citizenship and the tax obligations that come with it. You will get the best of both worlds in the Caribbean tax havens if you qualify using a Caribbean passport.
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. Your descendants and also their children may receive Caribbean citizenship by virtue of your investment.
Rest assured, constitutional protection applies equally for all qualified applicants whether you are a political refugee, perpetual traveler, international businessman or you just want to renounce your current citizenship.
CARICOM & OECS Tax 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 e.g. reside there for over 182 days per year.
Free Tax Consultation with iGlobal
We provide free consultation to clients of all nationalities who wish to benefit from a tax free Caribbean lifestyle. There is no better time to secure a better passport and experience the purity of global access and financial freedom. Time is of the essence! Plan for your future and protect your family, your wealth and freedom in a Caribbean tax haven.
My partners and I have 35+ years of experience dealing with the Caribbean CIPs. Rest assured, we are well integrated with the local developers and government agents. Your new passport will be procured in the most cost effective and efficient manner possible.
In addition, we will help you select the best qualification method. Some backgrounds can be difficult to verify. If so, we can help you to find a suitable work around. Get your free consultation today and eliminate high income tax!