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Caribbean Citizenship- is it an investment or not?

The Caribbean region is famous for its pristine beaches, crystal clear waters, and relaxed way of life.

Why You Need A Second Citizenship & Passport?

In today’s world, having a second citizenship and passport has become increasingly important and desirable.

Countries With Visa-free Status To The British Isle Concerns The Uk

Citizenship by Investment Programs provide families with the privilege of acquiring an alternative citizenship,

Dominica Citizenship A Valuable asset

Dominica Citizenship: A Valuable asset Dominica Citizenship: A Valuable asset Dominica is an island strategically located between the two French Islands of Guadeloupe in the North and Martinique to the South in the Eastern Caribbean. It is three and a half hours direct flight from Miami, the closest US Port. Often mistaken for Dominica Republic, Dominica has adopted the name Commonwealth of Dominica to differentiate it from its Spanish-Speaking neighbor in the north, the Dominica Republic. Dominica is a former British Colony having obtained its independence in 1978 but have adopted and followed the Westminster model system of Government and the British Common Law. It is a parliamentary democracy. Dominica is known for its natural beauty, pristine beaches, and tropical climate. However, in recent years, Dominica has also become much more known for its attractive and valuable Citizenship by Investment Program (CBI), which allows foreign investors to obtain citizenship in exchange for a significant investment in the country’s economy. The Dominica CIP has become increasingly popular in recent years, with many investors brecognizing the value of obtaining a second passport. There are several reasons why Dominica citizenship is a valuable asset. How Dominica Citizenship is A Valuable Asset? Dominica is a stable and secure country. It has a democratically elected government, a low crime rate, and a stable economy. This makes it an attractive location for investors who are looking for a safe and stable environment to invest and do business in. Furthermore, Dominica has a favourable tax regime – No personal tax, No wealth or inheritance tax, No capital gains taxes, No property tax. This makes it an ideal location for those looking to minimize their tax liabilities. Dominica does not tax its economic citizens; an ideal tax optimization jurisdiction. Obtaining Dominica citizenship provides visa-free or visa-on-arrival access to over 150 countries, including the United Kingdom, all Schengen Member States, the whole of Europe, Hong Kong, Malaysia, China, Panama, Russia and many other countries around the world. This means that Dominica passport holders can travel freely and easily to many parts of the world, over ¾ quarters of the globe, without the need for a visa. This is a significant advantage for those businessmen and High Net-worth Individuals who travel frequently for business and for Tourists who travels for vacation and pleasure. The Commonwealth of Dominica offers access to investment opportunities in the country. Dominica Citizenship by Investment Program requires investors to invest a minimum of US$100,000 in the local economy, which can take the form of a contribution into the Government's Economic Diversification Fund or USD $220,000.00 as an Investment in a Government-Approved Project. The real estate investments provide an opportunity for investors to earn a return on their investment while also contributing to the development of the country's economy. Obtaining Dominica Citizenship provides a sense of security and stability for investors and their families. In an uncertain and rapidly changing world, having a second passport can provide a valuable safety net. It can provide an escape route in the event of political instability, civil unrest, or other unforeseen circumstances. Additionally, Dominica citizenship can be passed down to future generations, providing long-term security and stability for families. Dominica citizenship can also provide access to a range of educational opportunities. Dominica has a well-developed education system, with many high-quality tertiary learning institutions – business schools, colleges and universities including IT and Medical Schools. . This means that investors and their families can access a world-class educational programs and disciplines, which can open up a range of opportunities for personal and professional development. What is the minimum investment required to obtain Dominica citizenship through the CIP? Investors are required to make a minimum investment of USD $100,000 for a single individual into the country's economy through donation process to the Government’s Economic Diversification Fund or a minimum of USD $220,000.00 investment in a Government-Approved Real Estate Project. How many countries can Dominica passport holders access without a visa? Dominica Passport holders can access over 150 countries without a visa or with visa-on-arrival, including the United Kingdom, Schengen Countries, and many other countries around the world as stated above. Can Dominica’s citizenship be passed down to future generations? Yes, Dominica Citizenship can be passed down to future generations, providing long-term security and stability for families. This is an important advantage for those who are looking for a long-term investment and a sense of security for their families. Conclusion In conclusion, it is without doubt and you must agree that Dominica citizenship is a valuable asset for investors who are looking for a stable and secure environment to do business in, as well as those who are looking for a second passport for travel purposes without the hassle of obtaining a visa traveling without boundaries and for investment purposes is the underlying priorities of the Dominica Citizenship Program. For Your Dominica Citizenship and Passport contact us at WhinChester Corporate PowerHouse. We will provide you with expert service and advice. We will be there with you every step of the way until you get your Dominica Passport. All personal information you have entrusted to us during your application process will be kept as highly classified confidential information now and forever under our personal Data Protection Policy. Table of Content How Dominica Citizenship is A Valuable Asset? What is the minimum investment required to obtain Dominica citizenship through the CIP? How many countries can Dominica passport holders access without a visa? Can Dominica’s citizenship be passed down to future generations? Conclusion Headquarters Caribbean Region Book Your Free Consultation For more information consult WhinChester at: + [971] 52 208 9024 +1 [767] 440 8800 +1 [767] 275 8800 +[971] 58 645 3924 services@whinchesterpowerhouse.co.uk dominicaoffices@whinchesterpowerhouse.co.uk dubaioffices@whinchesterpowerhouse.co.uk 1/Flr British American Commercial Bldg. Office – Unit 1003B No. 4 Cross Lane, Roseau Commonwealth of Dominica Headquarters MENA/UAE Region Book Your Free Consultation For more information consult WhinChester at: + [971] 52 208 9204 +[971] 58 645 3924 services@whinchesterpowerhouse.co.uk dominicaoffices@whinchesterpowerhouse.co.uk dubaioffices@whinchesterpowerhouse.co.uk 1/Flr British American Commercial Bldg. Office –… Continue reading Dominica Citizenship A Valuable asset

Changes To Dominica Citizenship Passport Program

The Government of the Commonwealth of Dominica has reshaped the rules governing its Citizenship by …

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How Does an Investor Citizenship Program Work

How Does an Investor Citizenship Program Work? How Does an Investor Citizenship Program Work? The Investor Citizenship program refers to the process of investing in the economy of any country in order to secure a second citizenship and passport. The benefits of an Investor Citizenship Program can include access to a valuable travel document, a new passport, which can provide the businessman with visa-free travel to many countries thereby lifting his present border restrictions,a more peaceful and friendlier environment than home country, a country without money transfer restriction as well as favourable tax advantages coupled with the ability to live and work in the country. These are some of the fundamental benefits of a second citizenship and passport. However, it’s important to carefully research the requirements and benefits of any Investor Citizenship Program before making a significant investment. Citizenship by investment program is the fastest method to get citizenship compared to the traditional immigration processes.In this guide, we are going to focus how does an investor citizenship works actually. We will focus on different ways to get the most out of citizenship by investment. You should be very clear and precise about your goals in the very first place. What do you want to achieve with a second citizenship and passport? This is one of the primary consideration to help you determine whether you need second citizenship and which one? It is a very vital step in the Citizenship by Investment program. Several Ways to Get the Most Out Of Citizenship by Investment Program Work? The following are motivations for the purpose for acquiring second citizenship and passport: Mobility Finances Business Opportunities Education Lifestyle Citizenship by Investment Options It is quite necessary to know all of your Citizenship by Investment Options when it comes to securing a second passport. Different countries offer residency and citizenship programs with different requirements, investment options and benefits. Real-Estate Investment: This type of investment program includes investing in a government – Approved Project, residential or commercial property, in the country that is chosen by you in return for a share in the project and citizenship in return. Startup Investment: Some countries offer citizenship or residency to entrepreneurs who invest in and start a new business in that country. The required investment package and other requirements varies from country to country. Business Enterprise: This option is best for individuals who wants to start up new business, transfer already existing business from one country to another and manage it from there or expand business by the formation of a branch or subsidiary in the new jurisdiction. Non-Refundable Donation to a Government-Supported Program: This program requires a donation into a Government fund like Economic Development Fund in Dominica and Sustainable Development fund in St. Kitts , in return for Citizenship and passport. The major difference between the contributions to the Government Fund as oppose to the Real Estate Investment is that in the former there is no share and return on Investment [ROI] whereas in the latter there is. Table of Content Several Ways to Get the Most Out Of Citizenship by Investment Program Work? Citizenship by Investment Options Real-Estate Investment Startup Investment Business Enterprise Non-Refundable Donation to a Government-Supported Program: Conclusion   For years, WhinChester Corporate Powerhouse has been a market leader in the immigration industry, particularly Caribbean Citizenship by Investment programs, European Residency [Golden Visa Programs] investor program and the North America Residency and Citizenship programs like Canada Investor Visa and US EB5 Green Card Program. + [971] 52 208 9024 +1 [767] 440 8800 +1 [767] 275 8800 +[971] 58 645 3924 services@whinchesterpowerhouse.co.uk dubaioffices@whinchesterpowerhouse.co.uk Online Enquiry [contact-form-7 id=”12362″ title=”online-enquiry”]

Changes To St. Kitts & Nevis Citizenship Program Special Announcement

Changes To St. Kitts & Nevis Citizenship Program Special Announcement Changes To St. Kitts & Nevis Citizenship Program Special Announcement Changes and Fees Update from January 2023 Incorporation & Registration: The St Kitts and Nevis Citizenship by Investment Programme is one of the main pillars of the economic development of St Kitts and Nevis and over the years it has generated substantial benefit to the people of the nation.Following the appointment of Michael M Martin as new Head of the Citizenship by Investment Unit (CIU) on 13 December 2022, the CIU is committed to strengthening the CBI Programme and has prioritised reform of the CBI Programme with a view to further enhancing the integrity and competitiveness of the CBI ProgrammeUpon a comprehensive review of the current CBI Programme and Regulations, the CIU has decided that the following important changes to the CBI Programme will be implemented in January 2023: Management of CIU Appointment of Board of Governors From January 2023 onwards, the CIU will be managed by the newly appointed Citizenship by Investment Board of Governors. The Board will be in charge of advising the Prime Minister over the operation and activities of the CIU, as well as monitoring and reviewing the development and policies of the CBI Programme. Technical Committee From January 2023 onwards, the review of CBI application will be the responsibility of the newly appointed Technical Committee. The Committee is also in charge of ensuring that all due diligence background checks and spot checks are comprehensively completed on all CBI applications Sustainable Growth Fund Option The Sustainable Growth Fund was established with a view to facilitating economic development and social upliftment in SKN. The SGF is also used to provide financial support to educational institutions and medical facilities in SKN, as well as to provide additional funding for the construction of infrastructure, the development of local tourism, the preservation of local culture and heritage and the support of sustainable growth initiatives in SKN. To further enhance the attractiveness of the CBI Programme, the CIU has decided make a Limited Time Offer (LTO) for a period of 6 months from 1 January to 30 June 2023. CBI applications submitted under the LTO will benefit from the reduction of the minimum amount of contribution payable by applicants and the shortening of processing timeframe from 90 days to 60 days.   SGF Limited Time Offer: 1 January 2023 – 30 June 2023 To further enhance the attractiveness of the CBI Programme, the CIU has decided make a Limited Time Offer (LTO) for a period of 6 months from 1 January to 30 June 2023. CBI applications submitted under the LTO will benefit from the reduction of the minimum amount of contribution payable by applicants and the shortening of processing timeframe from 90 days to 60 days. Under the LTO, the minimum amount of SGF contribution is as follows: Main applicant: US$125,000 Main applicant and a spouse: US$150,000 Main applicant, spouse and two dependants: US$170,000 Each additional dependant under 18: US$10,000 Each additional dependant over 18: US$25,000 SGF: 1 July 2023 onwards From 1 July 2023, the minimum amount of SGF contribution will be adjusted as follows: Main applicant: US$150,000 Main applicant and a spouse: US$175,000 Main applicant, spouse and two dependants: US$195,000 Each additional dependant under 18: US$10,000 Each additional dependant over 18: US$25,000 Real Estate Investment Option The Real Estate Investment Option under the current CBI Programme allows applicants to make a minimum real estate investment of US$200,000 in an Approved Project. From January 2023 onwards, only Approved Developments will be eligible for the Real Estate Investment Option under the new CBI regime. All real estate properties previously designated as Approved Projects will lose their designation upon the coming into effect of the new CBI Regulations. Developers of these properties are required to apply to the Board of Governors of the CIU to have them designated as an Approved Development. The minimum investment amount remains US$200,000. However, the new CBI Regulations make it clear that the minimum investment amount does not include the following:                   International Marketing Agent commissions Authorized agent fees Advances to the main applicant or dependents of any nature Financial returns, guaranteed returns, advances or any type of payments to the main applicant or dependents of any nature Due diligence background check fees CBI application form fees Any other commissions of any nature and Any other related fees listed in regulation 35 Upon designating a property as an Approved Development, the Government of St Kitts and Nevis will designate the number of real estate units to be sold, the construction completion schedule and the corresponding escrow drawdown process. To maintain integrity of the CBI Programme, the following penalties will also be introduced to any person or entity who circumvents or attempts to circumvent the payment of the legally prescribed minimum investment amount Fine on summary conviction Suspension or revocation of the Approved Development staturs Removal of Authorised Agent license; or Blacklisting on CBI website as a person or entity not authorised to submit any CBI application Private Homes Sale Investment Option The Private Home Sale Investment Option will be retained as a permanent investment option under the CBI Programme, where the minimum investment per application is US$400,000 in a private single-family dwelling house designated as an Approved Private Home. Any properties previously designated as Approved Private Homes will lose such designation upon the coming into effect of the new CBI Regulations. Developers of such properties are required to apply to the Board of Governors of the CIU to have their properties re-designated as Approved Private Homes again. An Approved Private Home is subject to the following restrictions: It cannot be resold within 7 years; It cannot be resold to any other CBI applicant; It cannot be converted into apartments or condominiums; Public Good Investment Option From January 2023 onwards, the Alternative Investment Option (AIO) under the current CBI Programme is to be replaced by the newly introduced Public Good Investment Option (PGIO), where the minimum investment per application is US$175,000… Continue reading Changes To St. Kitts & Nevis Citizenship Program Special Announcement

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