5 Compelling Reasons Why the Caribbean Is the Best Place to Move To
Wouldn’t it be nice to call a paradise-like Caribbean island home?
Situated to the east of Central America, the region is home to 17 independent territories. While it may be comprised mainly of small island countries, the Caribbean is quite popular among tourists. In fact, its natural beauty alone attracts millions of travelers every year, be it for leisure or business.
Still, if there’s one thing the region has also become more famous for over the years, it’s probably for being an idyllic second home destination. People who are looking to stay longer – even retire – in a different country are attracted to the relaxed and carefree Caribbean lifestyle.
Not sure if life in the Caribbean is for you? Here are five compelling reasons that could convince you to move here permanently:
1. Peaceful Lifestyle
When you go to the Caribbean for a vacation, you’ll naturally be looking forward to the opportunity to relax and take a break from a stressful life. This is the primary reason why most people go there and, most likely, a strong motivation for you to stay for a more prolonged period.
If you live in the Caribbean, every day can feel like a vacation. You’ll experience a lot less stress. This can serve as your chance to retire to a Caribbean island or do the things that you love, such as water sports, painting, writing, or even exploring the wildlife.
2. Good Weather
Another major draw the Caribbean has for travelers and second-home seekers are its pleasant climate. The climate in the region generally stays the same, primarily because of the islands’ proximity to the sea.
The climate ranges from tropical to subtropical in every Caribbean territory, where you can experience cooling breezes and warm sunshine almost all year. As for the temperature, it ranges between 28 and 30 degrees Celsius on average.
Around May, the region will experience tropical rain, while the hurricanes will start to appear around June to November. This is the reason why you should consider investing in a home with adequate storm protection.
3. Beautiful Scenery
As a famous tourist destination, the Caribbean also boasts wonderful beaches, flora, and fauna that can help rekindle your love for nature. Because of its geographical location, the islands in this region are considered some of the best places to behold Mother Nature’s gifts.
Take Antigua, for example. One-half of the twin-island nation Antigua and Barbuda, this island is believed to have a whopping 365 beaches you can visit for every day of the year. Although the exact number of coastal beauties on the island has yet to be verified, it goes without saying that the beaches there is a sight to behold.
No matter which island you choose to stay in, you are bound to witness the majestic turquoise waters and pearly white sand that serve as home to plenty of land and sea dwellers – some of which you cannot find elsewhere. Of course, you should still be able to get your fill of seeing stingrays, turtles, and even sharks at any given day, in any given Caribbean island.
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4. Advantageous Second Citizenship
Another major reason why you should consider living in the Caribbean is the relatively fast and easy process of becoming a legal resident there. Among all the territories in the region, five countries offer appealing Caribbean citizenship by investment programs: St. Kitts and Nevis, St. Lucia, Dominica, Grenada, and Antigua and Barbuda.
Of course, every country differs slightly in terms of citizenship requirements, costs, and processing time, but overall, these Caribbean nations each offer advantageous second citizenship for people from different walks of life.
Below are some of the vital perks of becoming an economic citizen in the Caribbean:
● Fast application processing
Citizenship by investment programs offers quick and straightforward routes to becoming a legal citizen in the Caribbean. Applications are processed within three to four months following submission of the requirements for the faster citizenship programs, while others may take around six months to one year.
● Minimal residency requirements
There is no minimum stay requirement in almost all Caribbean nations offering citizenship by investment. One of the few exceptions is Antigua, where you are required to stay in the country for once for five days at some point in the first five years of your citizenship. Of course, if you’ll be living on the island eventually, staying for five days is quite easy to accomplish and it’s a very nice place to visit at any time.
● Varied investment options
When you choose to participate in the citizenship by investment program, you’ll be given several options, depending on the territory you’re applying for. You can choose to invest in a government-approved real estate project or, in some countries, an officially sanctioned business venture. Many countries also offer citizenship in exchange for a contribution to the government fund.
● Citizenship for the entire family
If you’re moving with your family, Caribbean citizenship by investment programs can help make things easier for you. Every jurisdiction in the region allows one application to include the main applicant’s dependents, including his spouse, dependent children, and dependent parents. Depending on the territory, you might be able to move your entire family to a Caribbean country with just a single investment.
Although citizenship by investment programs require six-digit investments, living in the Caribbean will surely be a cost-efficient choice. High-net-worth individuals should be able to seek out the perfect program that will suit their financial situation and needs. From St. Lucia and Dominica’s low-cost options to Antigua’s family-collective offering, you’ll definitely find something that fits your unique circumstances best.
5. Tax Benefits
If you are to stay permanently in another place, it would be best to choose somewhere you can make a good living. In this aspect, many Caribbean countries fit the bill.
Most territories offer minimal to no income taxes for expatriates who choose to live, work, or retire there. This is on top of several other tax benefits that would be most appealing to business-minded migrants like Nigeria.
Happy with the Caribbean Life
If you were given a choice, you should choose to live somewhere you are sure to lead a safe, contented, comfortable, and happy life. Consider the compelling reasons compiled in this article when deciding whether Caribbean citizenship is a viable choice for you.
Kal Kennard is a Partner at Citizens International, a white-glove specialist firm offering private client services necessary for citizenship investment into the Caribbean, North America, and Europe. Based in the Caribbean for the past 15 years, she is an experienced consultant who works directly with many professional partners and advises clients worldwide.