Top 3 Places in the Caribbean That You Will Want to Call Home

Whether you’re looking for a place to spend your retirement in or simply want to start anew, the Caribbean is one of the best places to head to. Known for its natural beauty, the region offers plenty of opportunities for high-net-worth individuals – be it to live a completely different lifestyle or travel around the world.

The Caribbean is known for the laidback lifestyle that many people hailing from busy urban communities crave. It also presents plenty of investment opportunities that can open doors to economic well-being.

Aside from the paradise-like sceneries and attractive benefits, people who plan to live in the region can also look forward to a smooth transition and second citizenship application processing. Thanks to citizenship by investment programs (CIPs), aspiring citizens can now become legal residents of various Caribbean nations effortlessly.

But this now begs the question: What specific Caribbean nation should you start a new life in? To help you decide, here are the three best places in the region to call home:

1.   Dominica

Not to be confused with the Dominican Republic, Dominica is an excellent inclusion in your retirement plan, especially if you’re looking to escape the modern city. It boasts a variety of landscapes that will awaken the nature lover in you.

From a vast mountain range and lush rainforests to pristine beaches and serene hot springs, this 275-square mile island in the Eastern Caribbean is definitely an ideal place to call home.

Strategically placed between the French Islands of Martinique and Guadeloupe, Dominica is home to less than 75,000 people whose main livelihood revolves around agriculture and tourism. If you used to live in highly urbanized communities, this country offers a welcome break from the hustle-and-bustle of city life.

Investment Options

To become a legal resident of Dominica, you can choose between contributing to the Economic Diversification Fund or investing in an approved real estate project. For the former, you’ll need to contribute at least $100,000 to get a second passport while the latter entails a minimum real estate investment of US$ 200,000

The donation required to the Economic Diversification Fund varies depending on the number of dependents the applicant will bring. It is also worth noting that processing, due diligence, and other fees will be charged during the citizenship application.

2.   Antigua and Barbuda

Situated in the middle of the Atlantic Ocean and the Caribbean Sea, the twin-island nation of Antigua and Barbuda is another great place to call your second home. Named after the two principal islands, the country is an archipelago with more than 442 square kilometers of land that serves as home to over 80,000 residents.

Like most countries in the Caribbean, this nation is also blessed with many enchanting beaches that attract thousands of tourists every year. In fact, the island of Antigua is believed to have a total of 365 beaches – one for every day of the year. While this has yet to be verified, it goes without saying that Antigua’s beaches are definitely a major draw for people who want to live there.

Investment Options

There are three ways you can apply for Antiguan citizenship by investment: donation, real estate, and business investment. Of the three, donating to the National Development Fund (NDF) is probably the most straightforward choice. But if you plan to actually live there or if you are keen on property investment, you should consider investing in real estate. Luckily, the real estate market in Antigua has boomed recently. In fact, the economy has seen steady growth ever since the citizenship by investment program was introduced, and the island’s luxury property market has been quite healthy since the 1960s when the Antigua Yacht Club was founded by some adventuresome Englishmen.

To apply for a second passport through real estate, an applicant must invest at least $200,000 in an approved property. This is on top of due diligence and government fees that need to be paid.

Of course, every dollar you spend is worth it as the country’s passport offers global mobility, attractive tax benefits, and a chance to live a full life knowing you can retire to a paradise-like place like Antigua and Barbuda.