How much do you know about the Caribbean citizenship price war?
If you’re following the CBI (citizenship by investment) scene closely, then you know that there are 5 islands in the Caribbean that are offering second passports for a certain price.
These programs vary in price, visa-free travel access and other commodities they can provide, but here is the catch.
These countries without resources heavily rely on people who want to buy their second citizenship, especially because it’s one of their biggest resources.
However, with more and more countries coming out with economic citizenship programs, price wars are on!
Though some of the Caribbean countries have significantly lowered their prices, they still haven’t jeopardized their integrity and we see more cooperation not to let that happen in the future.
What will be the outcome of the price war in the Caribbean? Nobody can say for sure, but it is clear that the islands are taking a united front to protect the privilege of their passports.
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ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
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