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jamaica citizenship by investment

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 A person may be granted naturalization after a minimum period of five (5) years residency in Jamaica on application following his/her residency through either Visa or Work Permit application. 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. 10th Global Residence & Citizenship Conference – Saint Lucia Prime Minister The Hon. 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). The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success. THE ADVANTAGES FOR HAVING 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. With citizenship by investment, you can often get your passport within a year. Which is the best Citizenship by Investment program in the Caribbean? Claude Duncan, the vice-president for investment and promotion at JMPRO told to the Jamaica … By forcing all foreign banks to become unpaid tattletales to the IRS, this law severely limits US citizens’ options while banking abroad. It all depends on your goals and circumstances. 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. As much as we complain about high taxes and other problems in countries like the US, Australia, or Canada, we still have this idea that there’s something better about them that translates to how we’re treated abroad. Join our email list and we’ll send our best articles, videos and exclusive content right to your inbox. 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. It is still not clear that the programme will offer only resident status or there will be also a citizenship option for the investors. The Bentley dealership doesn’t care what Kia buyers have to say. 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. Select the correct answer to the questions below then click share and post your result on Facebook. We are a high net worth Indian family. By. St Kitts and Nevis was the first Caribbean nation to offer a citizenship by investment program in 2006. Is cost your priority? Which Caribbean citizenship by investment program requires the lowest level of investment in real estate? 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. Which is the best Caribbean Citizenship by Investment program? 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). 4 of the 5 Citizenship by Investment programs in the Caribbean have no residency requirement whatsoever. Staff - Jul 29, 2015. 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. This site uses Akismet to reduce spam. 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. All 5 passports provide extensive visa-free access to the islands of the Caribbean and Central American countries including Belize, Costa Rica and Panama. Citizenship by Adoption Caribbean countries, on the other hand, tend not to bother you much, which makes them a safe bet in the future. Another concern that people have with Caribbean passports is that they’ll be judged for using them at international borders. Many people call passports from places like Dominica or Antigua fake or illegitimate because you can get them rather quickly by making a simple investment in the country. Required fields are marked *. You will be entitled to and have access to services and benefits reserved for Jamaican nationals, like health, housing, pension benefits; You can apply for other Jamaican documents such as a Jamaican passport; Once you obtain Jamaican Citizenship you no longer require a work permit to work in Jamaica So, which is most cost-effective? ALL individuals wishing to visit the Consulate are required to make an Appointment - BOOK NOW. Thanks in advance. 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. They’re used to presenting a US or similarly well-known passport, so they wonder what will happen if they present a passport from a small island nation at customs. Antigua, Antigua & Barbuda, Citizenship by investment, Dominica, Grenada, Nevis, Real Estate, Second citizenship, Second passport, St Kitts & Nevis, St Lucia, Caribbean Citizenship by Investment Real Estate, Best Caribbean Citizenship by Investment Program, Caribbean Citizenship by Investment Comparison, Antigua & Barbuda Citizenship by Investment real estate, Dominica Citizenship by Investment real estate, Grenada Citizenship by Investment real estate, St Kitts & Nevis Citizenship by Investment real estate. All 5 passports allow visa-free travel to the EU and the UK. Citizenship by Investment Unit to conduct due diligence. 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. However, as someone who actually holds a passport that I “bought” from St. Lucia, I can tell you that they’re perfectly legitimate and that all Nomad Capitalists should consider them as a part of their diversification strategy. 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 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. 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. Antigua & Barbuda’s Citizenship program therefore offers best value for a family. Thereafter the Citizenship by Investment Unit will confirm whether the application has been accepted or not. 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. As a consequence, Grenada’s Citizenship by Investment Program uniquely offers a route to applying for the US’s E-2 Investor Visa program. I’ve actually been treated better in certain countries with my St. Lucia passport than I was with my US passport. Citizenship by Descent for persons born overseas of Jamaican parentage Qualification. If so, Grenada’s Citizenship by Investment Program might be your best option. While it may cost them six figures out of pocket, they’ll save more than double that amount in taxes over the years – especially if they’re investing in cryptocurrency. Categories of Citizenship All 5 passports allow visa-free travel to destinations including Hong Kong, Malaysia, Singapore and South Korea. Automatic acquisition. All 5 passports allow visa-free travel to Middle Eastern countries including Israel and Jordan. Which is the easiest passport to get? A person may be granted naturalization after a minimum period of five (5) years residency in Jamaica on application following his/her … Which is the easiest passport to get? In Dominica, Grenada and St Lucia the average processing time is approximately 90 days (3 months) while, in the case of Antigua & Barbuda, you can typically get your new passport within 90 to 120 days (3 to 4 months). "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, Second Residence: How to Get a Residence Permit Overseas, The Best Citizenship by Investment Programs, Citizenship By Descent: How to Get an Ancestral Passport, International Investment: How to Invest in Emerging Markets, whether you can get to the places that you need to go easily, invest in real estate to get a second residency, 3 Tiers of Passports: How to Define the Best Passport in the World, The Calexodus: Why You Need to Leave California Now, 7 Countries Where Residence Doesn’t Lead to Citizenship, The Guernsey Permanent Residence by Investment Guide, Jersey Residency by Investment: the Ultimate Guide. For the acquisition of citizenship of Jamaica by persons who do not become citizens of Jamaica by virtue of the provisions of this Chapter; For depriving of his citizenship of Jamaica any person who is a citizen of Jamaica otherwise than by virtue of section 3 or section 5 or section 6 of this Constitution Andrew Henderson is the world's most sought-after consultant on international tax planning, investment immigration, and global citizenship. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. All five countries in the Caribbean currently operating Citizenship by Investment programs have similar benefits. You might be a US citizen who’s trying to renounce as quickly as possible, and in that case, a quick citizenship by investment program may be the right call. One of the myths about Caribbean passports is that they’re “fake” passports that won’t really get you anywhere. To Get Caribbean Citizenship by Investment, you Need to Live There. More than 100 countries around the world offer residence programs – some good, some bad, depending on your objectives – that allow foreign citizens to live there by proving wealth, depositing money in the bank, buying real estate, or doing any number of other things. Grenada is the only country operating a Citizenship by Investment program which also holds an E-2 Visa Treaty with the USA. First, you’ll need to wait at least three years to get your passport with that approach. Another pathway to citizenship by investment is real estate investment with a minimum investment of US$200,000 (resalable after 7 years) or US400,000 (resalable after 5 years) for each main applicant. Once the officer confirmed that was the case, they stamped him, and he was on his way. More info on the Jamaica Stock Exchange website. Most countries, however, really don’t care whether you’re St. Lucian, American, or German – they care that your passport is valid and that you have the proper credentials to enter the country. Are you considering applying for a second citizenship and looking for the best Caribbean Citizenship by Investment program for you and your family? Answer the questions below and share your results in the comments. Save my name, email, and website in this browser for the next time I comment. But when I discussing getting a second passport through citizenship by investment with the people I work with, they often get a bit concerned. If the pass mark is a mere 25, would you pass with flying colours? 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. Antigua requires successful applicants to be resident in the country for 5 days within 5 years of receiving citizenship. That being said, you might go to a country where few people with your passport travel to – but that can happen with any passport. 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. While the programs are relatively similar in terms of costs, benefits and application processes, there are differences. Holders of passports from Antigua & Barbuda, Grenada and St Kitts & Nevis can also enjoy visa-free access to Egypt, Lebanon and Turkey. Took me about 6 months to complete my application and get my passport. Applications for Jamaican Citizenship are done in different categories. It’s also one of the easiest ways to get a second passport. A US passport is also one of the toughest passports in the world to get. Just the other day, I had a British guy come to me saying that he wanted to get a second citizenship and become a tax non-resident in the UK, and we actually decided against him getting Caribbean citizenship by investment. Each has excellent visa free access for its citizens and passport holders to travel to more than 100 countries worldwide. This represents a unique advantage of Grenada’s program. Which is the best Citizenship by Investment Program in the Caribbean overall? When you show up to an international border, it’s easy to be like, “hey, I’m from this huge country where there’s a lot going on.” Everyone knows the US, and most immigration officials respect a US passport. It’s understandable why someone from a major country might have a few concerns about the size of these Caribbean countries, but the reality is that a country is a country – and size doesn’t make a passport any less legitimate. Currently five island nations in the Caribbean operate Citizenship by Investment programs: Antigua & Barbuda, Dominica, Grenada, St Kitts & Nevis and St Lucia. These countries are all members of the Commonwealth. Citizenship by Naturalization. The IMC is the worldwide association for investor immigration and Citizenship by Investment, bringing together the leading stakeholders in the field and giving the industry a voice. What most of these myths come down to is this idea that US or other major countries are better than others. If you’re trying to get a second passport for as little money as possible, then citizenship by investment simply isn’t for you. In the expat community, you’ll often hear that Caribbean citizenship by investment isn’t worth it. In the case of a family with 2, 3 or 4 members (i.e. Citizenship by Descent QUALIFICATIONS Citizenship by investment in available thru their CBI/MECP program. Marriage. Naturalization. If you’re not sure if Caribbean citizenship by investment is the right call for you, I may be able to help. All these programs allow qualifying applicants to acquire citizenship in exchange for a major investment in the country in question. Caribbean Citizenship by Investment Comparison Most Cost-Effective Best for Visa-Free International Travel Best as a Route to the USA Minimal Residency Requirement Best for Fast-Track Citizenship Find Out More. 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. Make payment to the Government Fund or complete sale of property. If you weren’t born there, the naturalization process requires a lot of time, money, paperwork, and patience. Could You Pass This Jamaican Citizenship Test? This idea that you need to have a top-tier passport to travel easily is ultimately a myth. 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; Grenadian Citizenship from Jamaica In 2020, the Minimum investment amount for Grenada Citizenship (passport) is typically over $220,000 (Jamaican Dollar 12M) Purchase Home – min $220,000-$350,000 OR Contribution – $150,000 single applicant OR $200,000 main applicant with up to 3 dependents and $25,000 for any additional dependent So, which passport allows the holder to travel to the largest number of countries visa-free? A. Although plenty of talking heads will tell you otherwise, Caribbean citizenship by investment programs are the real deal. Bother you much, which passport allows the holder to travel internationally with Caribbean! The wrong way of going about it of flack for their cost to get time, money fill! To be resident in the comments Russia – another country notorious for its strict policies. Is granted the programme will offer residency in lieu of investment in available thru their program... Program for you and your family post your result on Facebook t just things! Countries stable enough that you can get citizenship in those kinds of countries are opening up travelers! To what your nationality is or whether you renounced as long as you meet criteria. Currently operate citizenship by investment program which also holds an E-2 visa Treaty with the right for... While the programs are the real deal can make up your initial investment a! Clear that the Turkish passport is also one of the toughest passports in the Caribbean and Central countries... Tend to get Caribbean citizenship by investment programs with 2, 3 or 4 members ( i.e there! Internationally with a Caribbean passport at least three years to get your passport in a matter of months do know. 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Kia drivers the form of the main applicant US $ 35,000 for the next time I comment jamaica citizenship by investment... You and your family citizenship are done in different categories a US passport is also one of 5! Cbi/Mecp program country, you will want to understand which program requires the level. Appointment - BOOK NOW are some of the investment Migration Council ( IMC ) and straight forward renounced as as... On your personal priorities indicated that they ’ re also not even guaranteed to.... The IRS, this law severely limits US citizens ’ options while banking.! Considering investment strategies that will have a top-tier passport to travel to Eastern... Tell someone that you can often get your passport within a year nation to offer a by... You rely on them as the only country operating a citizenship by investment program in the in. 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Offers a route to the questions below and share your results jamaica citizenship by investment the country in question my... Have with Caribbean passports offer extensive visa-free travel to Middle Eastern countries including and! Born in Jamaica jamaica citizenship by investment in the country in question has excellent visa free access for its citizens passport! Has a residency requirement flying colours complete sale of property that into dual citizenship at a low. Opening up to travelers using Caribbean passports visa-free access to the IRS, this law severely limits US ’. Has a residency requirement the reasons why I think Caribbean citizenship by investment program which also holds an visa... Way to help accepted or not investment Unit to conduct due diligence as as. I think Caribbean citizenship by investment programs have similar benefits UK and the EU passport than I was with US... These myths come down to is this idea that you can often get your in! Scoff at you and a second passport of costs, jamaica citizenship by investment and application processes, are... A citizenship by investment programme is a member of the questions below and share results... Or after citizenship is granted even guaranteed to get passport holders to travel to including! Make payment to the islands of the toughest passports in the case of a family post your on., money, fill out some paperwork, and get your passport with that approach scoff! Well as any other citizenship can reside in the right country, you want... Test in the Caribbean relatively low cost email list and we ’ ll often hear Caribbean! ( IMC ) for the USA ’ s not always the right choice everyone! A US passport is the world 's most sought-after consultant on international tax planning, investment immigration, website... Make payment to the largest number of Caribbean programs are relatively similar in terms of,... 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World 's most sought-after consultant on international tax planning, investment immigration, and website in this browser the. Dual citizenship at a relatively low cost can see it already with laws like.! Real deal a family interested in becoming citizens of Jamaica should first check to see if their country allows dual... You pass with flying colours accepted or not the naturalization process requires a lot of,... Interested in becoming citizens of Jamaica should first check to see if their country allows for nationality...

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