The Ultimate Guide to Investing in the Caribbean
Are you considering investing overseas? Thinking about why and how to invest in the Caribbean?
Renowned for its breathtaking natural beauty, warm climate, fantastic lifestyle and welcoming people, the Caribbean is one of the most alluring regions in the world.
For investors, the Caribbean has much more to offer too, from attractive tax benefits to straightforward residency and citizenship programs.
So, for investors contemplating investing overseas, we put together this guide to investing in the Caribbean.
Here we take a look at the top reasons for investing in this captivating region.
7 Reasons to Invest in the Caribbean
1. Idyllic Destination Offering Breathtaking Beauty & A Fantastic Lifestyle
2. Islands of Stability
3. Welcoming Residency & Retirement Programs
4. Highly Beneficial Citizenship by Investment Programs
5. Very Attractive Tax Benefits
6. Diverse Investment Opportunities Presenting High Profit Potential
7. Ideally Located & Accessible
Find Out More About Investing in the Caribbean
From its sensational landscape and balmy climate to its safe and secure investor-friendly climate, there are all kinds of reasons for choosing to invest in the Caribbean. Here are 7 reasons why the region might be the right destination for you.
For people considering making an investment overseas in order to enjoy a change in lifestyle, the Caribbean is hard to beat. The region is simply stunning. Comprising over 700 islands, islets, reefs and cays as well as the surrounding coasts, the Caribbean is blessed with breathtaking natural beauty. Endless white, gold and pink sand beaches and luscious rainforests with cascading waterfalls and meandering rivers – all set against a backdrop of the glittering, warm Caribbean Sea. Add to this exceptionally friendly people and year round warmth and sunshine and you have a recipe for one of the world’s most idyllic destinations.
For those who choose to make the region their home, the landscape and climate come together to create an unbeatable combination… The perfect setting to enjoy all kinds of beach activities, water sports and eco-adventures.
The natural beauty of the landscape is complimented by a wide array of first-class amenities which enable visitors and residents alike to enjoy a fantastic lifestyle: world-class golf courses, superb marinas, highly acclaimed hotels and resorts and all kinds of dining, shopping and entertainment experiences.
Besides stunning natural beauty, a warm climate and friendly people, the Caribbean also offers social, economic and political stability. In a world of increasing turmoil upended by social, economic and political strife, the Caribbean is a comparative oasis of calm and tranquility.
The overwhelming majority of Caribbean nations are liberal democracies with long histories of parliamentary democracy. These islands of stability are largely economically stable, having enjoyed successive years of growth (prior to the global outbreak of the Covid-19 pandemic) and are expected to continue to enjoy growth in the medium term.
In additional, as many of the islands are overseas territories of the UK, France, the Netherlands or the USA, they are very closely linked to Europe and North America. They therefore benefit from the support and backing of major international partners and political, legal and financial systems which are closely intertwined with and largely based on the British, French, Dutch or American model, which offers investors a sense of familiarity and security.
If you are considering investing in the region as a means to relocating to the Caribbean, many islands operate welcoming residency and retirement programs. These programs offer the opportunity to enjoy not only a laid back lifestyle in the sun and a higher quality of life, but also, in many cases, a range of tax benefits and other advantages.
Several Caribbean destinations such as the Turks & Caicos Islands, the Cayman Islands, The Bahamas and the Dominican Republic offer a pathway to residency for eligible individuals making a significant investment in Caribbean real estate.
A number of countries in the region also operate programs specifically tuned to the needs of retirees looking to relocate to the Caribbean. Destinations including the Dominican Republic, Aruba, Bonaire, Curacao, Roatan, Belize and Panama for example, allow retirees meeting certain financial requirements to become full-time residents.
Find out more: Best Places to Retire in the Caribbean
Going a step further than residency, some Caribbean destinations offer citizenship to individuals (and their families) who meet certain requirements and make a significant financial contribution to the nation. Five Caribbean countries currently operate such Citizenship by Investment programs which allow qualifying applicants to acquire full citizenship via either a donation to a government-managed fund to support economic development or a major investment in approved real estate. These countries include Antigua & Barbuda, Dominica, Grenada, St Kitts & Nevis and St Lucia.
While precise qualifying details differ between the islands, each program offers swift access to a second citizenship and all the benefits that some with it such as a second passport offering greater freedom to live, work and travel internationally.
Find out more: Caribbean Citizenship by Investment
For some investors, the appeal of the Caribbean lies not in its beaches and unhurried pace of life, but in the opportunity to reduce one’s tax liability. Several islands and territories in the Caribbean are considered to be pure tax havens while others have reduced the tax burden to the bare minimum.
The tiny British Overseas Territory of Anguilla, for example, is a “zero-tax jurisdiction” with no capital gains tax, income tax, inheritance or estate tax and no other forms of direct taxation. The island’s low tax environment can be enjoyed by those who choose to apply for Residency by Investment in Anguilla. Similarly, residents of The Bahamas and the Cayman islands enjoy freedom from capital gains tax, income tax, and inheritance / estate tax.
If you are considering making an investment overseas with the primary goal of generating a Return on Investment, there is arguably only one place to begin your search and that is the Caribbean. A home in the Caribbean has always been an aspirational lifestyle purchase – a means of enjoying life to the full in one of the most beautiful regions on earth. In recent years, increasing numbers of investors have been driven by a desire for an investment which can deliver strong returns in addition to the perfect vacation. A range of investment opportunities across the region aim to deliver just that: relaxation when you want it plus a healthy ROI when you’re not in residence.
Find out more: Dominican Republic Investment Properties
Find out more: Panama Investment Properties
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Finally, the best thing about the Caribbean is all the above advantages are available just a hop, skip and a jump from the USA. The Caribbean region is ideally located in the heart of the Americas, with easy access to North, South and Central America and excellent connectivity to Europe. Most Caribbean destinations have modern international airports which welcome direct daily flights from countries such as the USA, Canada, the UK, Central America, South America and other islands in the region.
Summary: A Diverse Investment Destination with Appeal to All Kinds of Investors
In summary, whether you are looking at purchasing a private home for personal use or considering a major investment in a commercial project, the Caribbean is one of the best places to invest in the world and there is a wide variety of highly attractive investment opportunities across the region.
7th Heaven Properties is here to help you. We have the insight and advice you need to begin investing in Caribbean real estate.
To find out more, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
We look forward to working with you and helping you find your perfect property in the Caribbean.