If you’re trying to get a second passport for as little money as possible, then citizenship by investment simply isn’t for you. One of the myths about Caribbean passports is that they’re “fake” passports that won’t really get you anywhere. All five countries in the Caribbean currently operating Citizenship by Investment programs have similar benefits. 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. 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. Andrew Henderson is the world's most sought-after consultant on international tax planning, investment immigration, and global citizenship. Caribbean passports are already solid passports, and an increasing number of countries are seeing that if someone has the money to get a Caribbean citizenship by investment, then they probably aren’t trying to come and overstay their visas. At the end of the day, what matters most is whether you can get to the places that you need to go easily – not how recognizable your passport is or how many countries you have visa-free travel to. The Citizenship by Investment Unit Office of the Prime Minister 1st Floor, Ministry of Finance Building P.O. However, that’s the wrong way of going about it. All 5 passports allow visa-free travel to the EU and the UK. The Saint Lucia Citizenship by Investment Programme is a member of the Investment Migration Council (IMC). The Caribbean island of St Kitts pioneered the introduction of citizenship by investment when it introduced its immigrant investor programme in 1984. Most of these countries will are indifferent to what your nationality is or whether you renounced as long as you meet their criteria. For example, all five offer full citizenship for life with the ability to pass on citizenship to future generations and the right to live and work in the country. Unfortunately, I’m one of those Kia drivers. Under Chapter two of the Jamaican Constitution, persons born in Jamaica and persons born outside Jamaica of Jamaican parents have an automatic right to Jamaican citizenship. 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. All five countries in the Caribbean operating Citizenship by Investment programs also permit dual citizenship and therefore do not require successful applicants to give up their existing citizenship. That’s really the worst case scenario here. In fact, in many Caribbean countries that offer citizenship by investment, you don’t even need to set foot in the country to get a passport. Citizenship by Naturalization. At Nomad Capitalist, we’re all about bringing transparency to the offshore world and fighting misinformation that’s often perpetuated by people who want your money and attention – but really have no idea what they’re doing. For details on approved investments throughout the islands, browse Caribbean Citizenship by Investment Real Estate options on our website. You put in the money, fill out some paperwork, and get your passport in a matter of months. All 5 passports provide extensive visa-free access to the islands of the Caribbean and Central American countries including Belize, Costa Rica and Panama. These Caribbean countries are real countries with real passports that can serve you just as well as any other citizenship can. 10th Global Residence & Citizenship Conference – Saint Lucia Prime Minister The Hon. Europe and South America also offer most Caribbean passports visa-free access. Here are some of the reasons why I think Caribbean citizenship by investment is a solid bet. Another common concern that people have when looking into Caribbean citizenship by investment is this idea that you always have to live in a country to be a citizen there. Most of the people who I work with who want to get a second passport are US citizens who are used to having one of the best-known passports in the world. Are these countries stable enough that you rely on them as the only citizenship. ... Jamaica to charge travellers health insurance fee starting next month. 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. However, it’s not always the right choice for everyone. Although plenty of talking heads will tell you otherwise, Caribbean citizenship by investment programs are the real deal. He has personally lived this lifestyle for over a decade, and now works with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best". This myth comes from the most common way that you can get citizenship in a country – naturalization. So, which passport allows the holder to travel to the largest number of countries visa-free? It’s also one of the easiest ways to get a second passport. A. Find out in our comparison guide. Jamaican Citizenship by Descent refers to: Anyone born outside of Jamaica to parents (mother or father or both) who are citizens of Jamaica at the time of birth Proof of Citizenship: Certificate of citizenship issued by the Passport, Immigration & Citizenship Agency of the Ministry of National Security in Jamaica When I traveled to Malaysia with a friend of mine from Montenegro, for example, the Malaysian immigration officer had to double-check whether Montenegrins had visa-free access. This is because both Canada and United Kingdom are part of the Commonwealth and there is no law within the Canadian or British constitution prohibiting dual citizenship with Jamaica. In the future, the US, the EU, and other Western countries are going to keep imposing new rules, taxes, and restrictions on their citizens. That being said, you might go to a country where few people with your passport travel to – but that can happen with any passport. It seems unlikely that Jamaica will offer residency in lieu of investment in its real estate sector. It all depends on your goals and circumstances. More info on the Jamaica Stock Exchange website. Box 597, Golden Rock, St. Kitts, West Indies In fact, persons can also have dual citizenship with Jamaica and Canada as well as Jamaica and the United Kingdom. Persons interested in becoming citizens of Jamaica should first check to see if their country allows for dual nationality. At the end of the day, it’s about deciding what’s best for you. Which is the easiest passport to get? Does your opinion change Andrew when it comes to taking the Carribean passport and giving up your current passport (situation where dual passport is not allowed). 5 island nations in the Caribbean currently operate citizenship by investment programs. So, with many people, I can see why they’re hesitant to go from being a citizen of the US to being a citizen of a much smaller country. In other cases, you may want to invest in real estate to get a second residency that eventually turns into citizenship, or you may want to get citizenship the old fashioned way through naturalization. Only Antigua & Barbuda’s Citizenship by Investment Program has a residency requirement. Are you considering applying for a second citizenship and looking for the best Caribbean Citizenship by Investmentprogram for you and your family? A number of Caribbean programs are open to investors seeking citizenship through investment and a second passport. If so, you will want to understand which program requires the lowest level of investment. When you looked at those ratings, you can see that the Turkish Passport is the world's strongest 39th according to 2019 evaluations. If your priority is acquiring citizenship with a second passport offering enhanced freedom to travel without a visa, it is important to understand which Caribbean passport opens the most doors. 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