Citizenship by investment programs function in Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia. These countries offer entrepreneurs convenient conditions for registering companies and, in some cases, tax incentives.
Foreigners can register companies in Caribbean countries. The process is remote; it takes place on designated government web portals. The applicant prepares the required documents: the charter, the memorandum of association, and copies of the founders’ passports. Additional documents, for example, bank statements, letters of recommendation, and certificates of no criminal record may be required.
Company registration takes from a couple of days to two weeks.
The International Business Company (IBC) is the most popular form of business in the Caribbean among foreign residents. Such a company can only receive income from sources abroad.
An IBC must have a registered office and an agent from among the country’s residents, for example, an accountant or an attorney.
The authorised capital is not limited by law. In practice, it usually starts at $10,000. The recommended authorised capital in St Lucia is at least $50,000.
A company may have one or several shareholders.
Taxation for companies. Corporate tax ranges between 25% and 33% in Caribbean countries. In most cases, resident companies pay taxes on global income. The exception is St Lucia: corporate tax is paid there only if the income is received from a source within the country.
The standard VAT rate depends on the state and is 12.5 to 17%. Companies also pay social contributions of 4 to 7% of the salary if they hire employees.
Antigua and Barbuda has a tax holiday for companies that earn income only from abroad. They are exempt from corporate tax for 50 years.
Withholding tax on payment of dividends to non-residents is up to 25%. When paid to the country’s residents, the tax isn’t levied.
Caribbean countries usually have double tax treaties with a small number of states, most of which are within CARICOM. The profits of the company and its shareholders may be taxed abroad at standard rates.
In addition to registering a company, an investor with Caribbean citizenship can visit more than 140 countries visa-free, including the UK and the Schengen states. The second passport helps to come to negotiations and business conferences anytime.
2025-12-04T18:38:29.880Z
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