The Caribbean Community (CARICOM) stands as a beacon of regional integration, fostering unity and collaboration among its diverse member states. Beyond cultural richness and breathtaking landscapes, CARICOM offers a unique opportunity: citizenship in one, opens the doors to residency across all member nations.
Imagine holding a CARICOM citizenship in one country and gaining the privilege to live, work, or retire in any other member state without cumbersome immigration procedures. This is a remarkable facet of CARICOM citizenship, facilitating a seamless experience of exploring and settling within this vibrant region.
What is CARICOM?
Established in 1973, CARICOM aims to promote economic integration and cooperation among its members. Similar to the European Schengen area, CARICOM operates as a unified market facilitating:
Free movement of Goods
Free trade in Services
Free movement of Skills
Free movement of Capital
RIGHT to Establishment, allowing CARICOM Nationals to establish businesses in other member states.
The CARICOM Single Market and Economy (CSME) has brought significant changes, abolishing work permits and introducing the CARICOM Skills Certificate and the right to transfer social security benefits among member states.
How many CARICOM countries are there in the Caribbean?
At its core, CARICOM comprises 20 member states, each contributing its unique essence to the collective identity. From the sun-kissed beaches of Barbados to the lush rainforests of Guyana, and the vibrant cultural tapestry of Jamaica to the serene tranquillity of Saint Lucia, each nation boasts its allure.
Here’s the list of those sunkissed Caribbean countries which you can live with CARICOM Citizenship:
Antigua and Barbuda
Saint Kitts and Nevis
Saint Vincent and the Grenadines
Trinidad and Tobago
British Virgin Islands
Turks and Caicos Islands
Which of CARICOM’s Caribbean countries offer Citizenship By Investment?
While many investors seek out Caribbean Citizenship Programs for their visa-free travel benefits and tax friendly dual citizenship policies, the impressive residency rights that one acquires upon becoming a citizen of CARICOM is something that is often overlooked
The fact is, by becoming a Caribbean citizen in one CARICOM C
ountry, you’re welcome to live, work, or retire in any other member nation.
Now, out of the 20 CARICOM countries, five Caribbean countries offer Citizenship By Investment programs in which high net worth individuals and their families can become citizens upon making significant financial contributions and/or investments to the country. Investors must meet specific requirements which vary depending on the country.
Grenada Citizenship By Investment Grenada’s popular Caribbean Citizenship program mandates a $150,000 USD minimum investment in the National Transformation Fund or a real estate investment of $220,000 USD in a government-approved project. Notably, Grenada stands out as the sole Caribbean CBI country with an E2 treaty with the USA.
St. Lucia Citizenship By Investment presents the most cost-effective way to obtain Caribbean Citizenship By Investment for individual applicants, with a government contribution of $100,000 USD or a real estate investment of $200,000 USD.
St. Kitts & Nevis Citizenship By Investment St Kitts recently adjusted their program pricing, requiring donations starting at $250,000 USD and a minimum real estate investment of $400,000 USD. The daddy of all citizenship by investment programs is the oldest Caribbean Citizenship By Investment Program in existence and comes at a premium.
Antigua & Barbuda Citizenship By Investment For larger families, Antigua & Barbuda Citizenship Program is the best Caribbean Citizenship option. The donation stands at $100,000 USD (with an additional $30k processing fee) for a family of up to 4 applicants or $150,000 USD for up to 6 applicants. Caribbean Real Estate is also on offer under the program with a minimum investment of just $200,000 USD into government approved real estate.
Dominica Citizenship By Investment Dominica stands as the only one of the CBI Caribbean passports, alongside Grenada, providing visa-free access to China for passport holders. The minimum donation for a single applicant is $100,000 USD, while the real estate investment minimum stands at $200,000 USD.
These Caribbean Citizenship By Investment programs show CARICOM’s commitment to togetherness. It’s not just about borders; it’s about sharing the good stuff together. As CARICOM continues to celebrate unity, these citizenship by investment programs open the door to a more connected and fulfilling Caribbean journey.
CARICOM Citizenship: Residency rights across 20 countries
The key principle of reciprocity among CARICOM states, means that Caribbean passport holders have the freedom to move and reside within the community. This privilege isn’t just theoretical, it’s enshrined in the CARICOM Single Market and Economy (CSME), designed to promote economic integration and harmonize policies across member countries.
Picture this: You could own property or set up a business in different CARICOM countries. Maybe soak up the lively vibes of Saint Lucia’s markets or relax on the calm shores of Antigua and Barbuda. Your options in these beautiful Caribbean Islands are wide open!
For those seeking a second home or retirement haven in a Caribbean country, CARICOM offers an array of choices. Picture owning a villa in Barbados while enjoying the lively festivals in Trinidad and Tobago or experiencing the untouched beauty of Suriname, all within reach with CARICOM citizenship.
Moreover, this interconnection extends beyond leisure. Professionals, entrepreneurs, and investors benefit from the ease of doing business and accessing new markets across CARICOM. The shared economic space nurtures collaboration and growth opportunities, fostering a dynamic business environment.
CARICOM Caribbean citizens enjoy various rights related to employment, with specific provisions for university graduates, artist
s, musicians, media workers, and sportspersons. All CARICOM Nationals have a six-month stay upon entry into another member state, with specific provisions and regulations to extend their stay or engage in various activities beyond this period.
Residence rights for CARICOM nationals beyond the initial six months are subject to compliance with relevant community regimes or national laws, and changes in status require formal application and appropriate documentation.
The concept of unified citizenship within CARICOM exemplifies the region’s commitment to inclusivity, regional cooperation, and shared prosperity. It transcends borders, encouraging a sense of belonging and fostering a shared Caribbean identity among its diverse populace.
As the world evolves, CARICOM stands resilient, championing unity and mutual respect while offering a harmonious and interconnected way of life for its citizens. The ability to traverse the region, embracing its diversity and opportunities, underscores the beauty and significance of CARICOM citizenship—a gateway to a multifaceted and enriched Caribbean experience.
Exclusive Caribbean Passports: CARICOM passport power
The CARICOM passport rankings for visa-free travel in 2024 indicated Barbados as the leading country, followed by Saint Kitts and Nevis, Antigua and Barbuda, Trinidad and Tobago, Saint Vincent and the Grenadines, Saint Lucia, Grenada, Dominica, Belize, Guyana, Jamaica, and Suriname.
All of the CARICOM countries with Citizenship By Investment programs provide their citizens with visa-free entry to the UK and the Schengen area, except for Dominica, which solely provides access to the latter.
CARICOM passports serve as an official travel document for inter-regional and global travel, issued by the 15 member states of the Caribbean community (CARICOM) for their citizens. Identified by its dark blue cover marked with “Caribbean Community (CC)” and the respective country’s name, CARICOM passports enhance travel convenience within the community and abroad.
Ultimately, CARICOM passports represent not just a travel document but also a testament to unity, fostering mobility, and reinforcing a sense of community among its member states.