Caribbean property investments offer a great way to earn and get value-added returns. Because of this, the demand for investment properties in the region’s real estate market has grown exponentially.
With tourism picking up and more people deciding they need a second home, it’s not surprising for Caribbean real estate investment properties to gain more traction. This has also led to growth in the citizenship by investment (CBI) market.
Although it may seem more expensive than other CBI program routes, real estate offers certain advantages, such as:
Want to get a piece of the action? Here are the four best countries for property investment and some ways you can earn from them:
In the Antigua and Barbuda citizenship by investment program, investors must choose a government-sanctioned property worth at least USD 400,000 to qualify. Two related parties who can invest a minimum of USD 200,000 each can also do this.
Properties tied to economic citizenship in the country must not be resold within five years after the investment approval and passport release.
Besides a second passport, Antigua and Barbuda also grants real estate investors the following perks:
Antiguan second-citizenship investors can enjoy visa-free travel to over 150 countries, including Hong Kong, the United Kingdom (UK), and other countries included in the Schengen region.
Real estate investors are not charged capital gains or inheritance taxes in Antigua and Barbuda. Plus, their international income is taxed progressively when they become legal citizens of the country.
Antigua citizenship can be extended to the applicant’s dependents, provided they are among those qualified under the program’s family applications. This includes:
Grenada also offers a real estate route in its CBI program. An applicant only needs to choose an approved real estate worth a minimum of USD 350,000 and invest that amount in the property.
There’s also an option to share ownership for only USD 220,000 for each unit. Like Antigua, Grenada also requires real estate investors to keep the property they invested in for five years without being resold.
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Some advantages of having Grenada citizenship include:
Those who invest in approved Grenada real estate properties also gain visa-free access to the UK, among other countries. As of this writing, this perk covers more than 115 nations worldwide.
Grenada citizens do not need to pay wealth, gift, inheritance, capital gains, and foreign income taxes, not to mention there’s also no restriction in terms of imported capital and repatriation profits.
The country also has generous incentive packages that include:
Like other CBI routes, real estate investment also allows applicants to extend their citizenship to a maximum of three dependents, which may include there:
The long-running CBI program in St. Kitts and Nevis includes two real estate purchase options:
St. Kitts and Nevis is the grandfather of citizenship by investment programs in the Caribbean. Besides not having a residency or travel requirement, its longstanding CBI program offers the following benefits:
St. Kitts and Nevis economic citizens enjoy visa-free access to over 135 countries, including Hong Kong, Singapore, the UK, and members of the Schengen area.
Passport holders who invested in St. Kitts real estate also enjoy no inheritance, wealth, or income taxes.
Some family members can be added later as dependents of the main applicant for real estate investment citizenship, subject to additional fees. Qualified dependents include:
Real estate investors looking for citizenship by investment in Dominica need to purchase an approved property worth not less than USD 200,000.
Regardless of the investment option you choose, Dominica CBI can grant you the following perks:
As of this writing, Dominica passport holders have access to more than 140 nations globally without the need to apply for a visa.
Dominican residents and investors enjoy minimal taxation and no capital gains, inheritance, foreign income, and gift taxes. Like Grenada, they also have tax relief benefits, corporate tax incentives, export allowance, and no import duty obligation.
They also don’t have any restrictions on the repatriation of profits and imported capital. Plus, they enjoy the perks of Dominica’s double taxation treaties with Caribbean Community (CARICOM) countries and the United States.
With economic citizenship in Dominica, you also extend the benefits to your dependents, particularly your legal spouse, children, parents, and grandparents. Your spouse’s parents, siblings, and grandparents along with the rest of your dependents can also enjoy citizenship perks, but with additional government fees.
Besides enjoying the perks of economic citizenship, you can also earn from real estate property investment in these Caribbean countries through:
Most CBI countries require their real estate investors to maintain ownership of the property they invested in within a given period:
So, unless you’re planning to live there permanently, you can rent out the property to long-term tenants until you’re ready to sell it.
Besides long-term rental, you can also earn from your Caribbean property by putting it up as a vacation rental. This is particularly lucrative, especially if the property you choose to invest in is close to the beach or any other tourist-famous sites in the region.
Real estate properties, especially those in emerging markets like the Caribbean, increase in value over time. You can also induce property appreciation by making significant updates and upgrades, which may require a bit more investment on your part.
Caribbean real estate investment continues to grow as more high-net-worth individuals see the potential for properties in the region. Make your investment today and gain economic citizenship in one of the most beautiful regions in the world.
