In the event that you may have been thinking of acquiring a second passport from the twin-island Federation of St. Kitts and Nevis, now is the time to halt all thinking and make a decision.  There is good news in store and it’s worth taking advantage of.

By the end of March 2009, the European Commission expects member states to approve the abolition of short-term visa travel to St. Kitts and Nevis. Under this agreement holders of EU and St. Kitts and Nevis passports will be allowed to travel without visas to and from the EU and the Caribbean island and vice versa for stays of 3 months and less.   

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The global financial crisis has been making headline news for the past few months and shows no signs of abating. Around the world, government leaders are making pledges to ease the burdens of the recession for their respective country’s. But even these measures are tempered with caution as awareness grows of the widespread effect of the declining economy and even leaders hungry for power are aware that they can not make unrealistic promises in a climate of such unpredictability and turmoil.

But in this frightening climate of financial instability there are indeed windows of opportunity for all of us.  Whether you have a modest savings account or vast wealth to protect; let me open the shutters on one window and shine a light on the untaxed fresh sea air of the Eastern Caribbean islands! 

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The notion of citizenship can be defined as the juridical-political nexus that attaches an individual to a sovereign state.  Citizenship grants an individual access to a number of political and legal rights and is the source of the sense of belonging that individuals feel towards a given society or country.  In short, citizenship is expressed as a personal relationship that a person shares with a country in identifying himself as a product of its culture, national identity and society.

Very often, the terms ‘citizen’ and ‘national’ tend to be applied interchangeably despite the fact their meanings may differ from each other based on a given context.  In essence, although citizens are nationals of a country, there are nationals who are not necessarily citizens but are identified accordingly due to the fact that they are protected by the state. Such as in the case of permanent residents in a country who are called nationals but are required to meet specific juridical and residential prerequisites in order to become citizens.   

 
Accessibility, flexibility and convenience are the three attributes of offshore banking that have made it popular over the years. Contrary to popular belief, offshore banking is not an exclusive entity for a minority of affluent persons and corporations. In fact it is a service accessible to the average working class person and businessman and the polarized concepts that have developed between offshore and onshore banking over the past few decades are diminishing.      

 
Economic Citizenship is available through Caribbean Land and Property Financial Services in two Caribbean jurisdictions. One of these is the twin island state of Saint Kitts and Nevis, formally known as the Federation of St. Christopher and Nevis. The many benefits of gaining a second passport are well outlined throughout our financial pages and for those looking into the option of gaining Economic Citizenship in St Kitts and Nevis, this article will help you get a better understanding of the islands and their history.

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In recent years the increase of technology and mobility of both data and persons has created an interdependent global economy. As such it has been necessary to create international organizations that regulate the domestic fiscal, political, social and economic activities of individual countries. These organizations establish standards based on internationally set rules and as such maintain coherency when conducting business throughout the world.

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The advantages of International Business Company (IBC) incorporation have become unquestionably clearer as the current economic recession has highlighted the need for more innovative, profitable and economical means of asset protection and conducting business.  As the United States of America confronts the worst stock market crisis and credit crunch for the first time decades and the United Kingdom experiences the highest rise in unemployment for the first time in 17 years, millions of people across the globe wait to see what would be the possible effects of this economic crisis in their respective countries. 

Technology and reliable international courier service make it possible to operate and provide services in any part of the world.  A locally based company that is involved in the international trade of goods can benefit tremendously from incorporating itself as an IBC in Dominica. 

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Offshore companies exist in every part of the world and are one of the products of globalization; the internationalization of business. Going offshore ultimately means being able to transact business without any geographic boundaries, that is anywhere in the world, except in the country where the offshore company is incorporated.

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Going Offshore?                                                                                                                                 August 2008

Offshore Company Formations - Caribbean Mortgages - Offshore Banking