So, which is most cost-effective? STATUS OF JAMAICA. All 5 passports allow visa-free travel to Middle Eastern countries including Israel and Jordan. In the case of a family with 2, 3 or 4 members (i.e. As a consequence, Grenada’s Citizenship by Investment Program uniquely offers a route to applying for the US’s E-2 Investor Visa program. When you looked at those ratings, you can see that the Turkish Passport is the world's strongest 39th according to 2019 evaluations. Your email address will not be published. Caribbean citizenship by investment programs tend to get a lot of flack for their cost. This myth comes from the most common way that you can get citizenship in a country – naturalization. This means that successful applicants are not required to become resident, either before or after citizenship is granted. Which Caribbean citizenship by investment program is most cost-effective? This myth comes from the most common way that you can get citizenship in a country – naturalization. First, you’ll need to wait at least three years to get your passport with that approach. An applicant qualifies for Citizenship by descent where: (i) He or she was born outside of Jamaica before 6th August 1962 and was on 5th August 1962 a citizen of the United Kingdom and its Colonies; Naturalization. Here are some of the reasons why I think Caribbean citizenship by investment is a solid bet. Took me about 6 months to complete my application and get my passport. 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. Are you considering applying for a second citizenship and looking for the best Caribbean Citizenship by Investmentprogram for you and your family? By. One of the myths about Caribbean passports is that they’re “fake” passports that won’t really get you anywhere. 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. Antigua & Barbuda’s Citizenship program therefore offers best value for a family. In the case of the financial contribution route, the programs in Antigua & Barbuda, Dominican and St Lucia are the least costly for a single applicant, with a required investment of $100,000 (plus government fees for processing and due diligence). The Caribbean island of St Kitts pioneered the introduction of citizenship by investment when it introduced its immigrant investor programme in 1984. 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. More info on the Jamaica Stock Exchange website. Planting flags in various countries is an important part of going where you’re treated best, and in many cases, it’s actually beneficial to have a passport from a country that you don’t plan to live in. Good question. In the grand scheme of things, getting Caribbean citizenship by investment will pay for itself by increasing your freedom and possibly becoming an important part of your tax strategy. 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. The JAMPRO confirmation came days after Bloomberg Business Magazine reported that Jamaica is in talks with Swiss lawyer Christian Kalin who was the architect of similar citizenship by investment programmes in St Kitts and Nevis, Antigua and Barbuda, Grenada and St Lucia. Take advice from people who’ve been there and are on your level. In this article, we’ll discuss the truth about Caribbean citizenship by investment and clear up some of the misinformation about it floating around the internet. Between 1670 and 31.12.1948, Jamaica fell within the Crown’s Dominions (and included the Caymans from 1863 and the Turks & Caicos from 1874). 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. 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. To help you make a decision and determine which program is best for you and your family, below we compare the 5 existing programs and take a look at which are best for a variety of circumstances. This idea that you need to have a top-tier passport to travel easily is ultimately a myth. Categories of Citizenship All 5 passports allow visa-free travel to the EU and the UK. In recent years several Caribbean countries have followed suit. Citizenship by Naturalization. Antigua requires successful applicants to be resident in the country for 5 days within 5 years of receiving citizenship. 10th Global Residence & Citizenship Conference – Saint Lucia Prime Minister The Hon. Despite what you may have heard, Caribbean citizenship by investment programs are 100% legit, and the passports they give you are no joke, either. Are family citizens via investment eligible for fee free university status in the EU? If you have the capital, it’s often worth it to just pay the money and not have to deal with anything else. As I’ve said for the past few years, the Tier B passports that you get from Caribbean citizenship by investment are the wave of the future. That’s really the worst case scenario here. Of the 5 programs, the St Kitts & Nevis Citizenship by Investment Program can be the quickest option. Many Caribbean passports also have visa-free access to Russia – another country notorious for its strict visa policies. However, it’s not always the right choice for everyone. Find out in our comparison guide. Claude Duncan, the vice-president for investment and promotion at JMPRO told to the Jamaica … If you’re a six- or seven-figure entrepreneur or investor, then you really shouldn’t be taking advice from strangers on internet forums who don’t pay nearly as much in tax as you do and don’t have the same level of need for diversification. These Caribbean countries are real countries with real passports that can serve you just as well as any other citizenship can. Although plenty of talking heads will tell you otherwise, Caribbean citizenship by investment programs are the real deal. THE ADVANTAGES FOR HAVING JAMAICAN CITIZENSHIP. 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. If the pass mark is a mere 25, would you pass with flying colours? You also have the option to get a citizenship by investment that’s profitable. Jamaican Citizenship by Birth refers to the following: Any person born in Jamaica prior to August 6, 1962, who was on that date a citizen of the United Kingdom and its colonies. 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. To Get Caribbean Citizenship by Investment, you Need to Live There. 5 island nations in the Caribbean currently operate citizenship by investment programs. Automatic acquisition. B. 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. This is something which is not covered anywhere and I have read all your articles to . Investment Requirements: Option 1: A contribution to the National Development Fund (NDF) of a minimum non-refundable amount of US$200,000. We are a high net worth Indian family. 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. Allen Chastanet. In the following section, we’ll take a look at a few of these myths, and I’ll give you the real scoop on getting Caribbean citizenship by investment. In fact, my St. Lucia passport gives me visa-free access to 130 countries, including the UK and the EU Schengen Area. If you are looking to acquire a second citizenship within a fairly rapid time frame, all 5 programs allow successful applicants to complete the process within 2 to 4 months. If you tell someone that you have Caribbean citizenship by investment, they might scoff at you. 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For example, you could use this passport to secure an easy residency in a country where you can apply for citizenship in a matter of a few years. To become a naturalized citizen of of a country, you generally need to establish residency and live there for a set amount of time before you are eligible to apply for citizenship. That being said, you’re probably never going to have visa-free access to places like the US, Canada, Australia, or New Zealand – but most countries (including major European nations) don’t have visa-free travel there anyway. Europe and South America also offer most Caribbean passports visa-free access. Government fees of US$35,000 for the main applicant; Souse of the main applicant US$20,050. However, that’s the wrong way of going about it. You’re also not even guaranteed to get citizenship in those kinds of countries even if you follow all of the rules. All 5 passports provide extensive visa-free access to the islands of the Caribbean and Central American countries including Belize, Costa Rica and Panama. 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. 4 of the 5 Citizenship by Investment programs in the Caribbean have no residency requirement whatsoever. The Saint Lucia Citizenship by Investment Programme is a member of the Investment Migration Council (IMC). Caribbean countries, on the other hand, tend not to bother you much, which makes them a safe bet in the future. ... Jamaica to charge travellers health insurance fee starting next month. 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. 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). Could You Pass This Jamaican Citizenship Test? Does Jamaica offer such a program? With the right investment in the right country, you can make up your initial investment and more. St Kitts and Nevis was the first Caribbean nation to offer a citizenship by investment program in 2006. Select the correct answer to the questions below then click share and post your result on Facebook. So, which passport allows the holder to travel to the largest number of countries visa-free? Yes, as a Jamaican national, You are eligible for a Montenegro Citizenship through investment if you meet certain conditions like buying a house/Real Estate, be at least 18 years of age and a Clean criminal record. St Kitts & Nevis operates an Accelerated Application Process (AAP) which provides for fast-track applications with an accelerated 60 day (2 month) processing period. 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. It seems unlikely that Jamaica will offer residency in lieu of investment in its real estate sector. If you wish to begin investing in Jamaica right now then prepare to book a plane ticket after checking the JSE Brokers listing and deciding which broker to use.
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