Released on: October 22, 2008, 9:23 am

Press Release Author: Caribbean Land and Property

Industry: Financial

Press Release Summary: Citizenship Still Available in Two Caribbean Countries

Press Release Body: With the current global financial crisis many people are looking
for safer ways to protect their income and investments. An increasing number of
people are now strategically planning ahead and looking into programmes that offer
alternative citizenship as a means to secure their investments. Caribbean Land and
Property Financial Services are government appointed providers in Economic
Citizenship programmes for the only two Caribbean countries that are still offering
this programme; Dominica and the Federation of St Kitts & Nevis. The Economic
Citizenship programme is a legal way to obtain citizenship in either of these
countries and have a second passport.

Manager of the Financial Services department Katie Sosna says "The benefits of the
programme are far reaching and can help to protect investments in these financially
unstable times. A second passport is a valuable tool in strategic tax planning.
Having citizenship in another country offers the opportunity to be free from capital
gains, gift inheritance and other punitive taxes and make smarter investments with
the money saved."

Interested applicants are being urged to look into the option now before it is too
late, as there is uncertainty as to how long the two nations will continue to offer
their programmes. In the past, other Caribbean countries also operated Economic
Citizenship programmes but these have now ended, leaving only two available options.
Editor of CaribPro magazine, Deb Andrews highlighted the sense of urgency recently
by stating that "At one time Grenada and Belize also offered similar programmes but
have now shut them down; so the window of opportunity is slowly closing."

Even after the recent signing of a $700bn (GBP394bn) financial sector rescue plan,
President George W Bush has warned that the US economy continues to face "serious
challenges". These challenges are being felt all over the world and gaining an
alternative citizenship could well be a valuable insurance for protection against
future economic or political instability. Having an alternative citizenship allows
for dual-citizenship and does not mean renouncing native nationality. However,
renouncing citizenship is an option that some people find is economically worthwhile
to avoid excessive taxation and to have better access to property and business
opportunities in a developing region.

Once secured, the passport issued under these Economic Citizenship programmes is a
passport for life; it is not revocable when the government changes or if the
programme should cease to exist. Yet, if the current programmes are terminated there
will no longer be a legitimate way to obtain a second passport in the Caribbean and
receive the associated benefits.

In addition to the economic benefits, a second passport also has many other
advantages including increased business prospects, relocation opportunities and
easier travel with visa-free entry to over 100 countries. By hosting the Economic
Citizenship programmes, both Dominica and St Kitts & Nevis receive valuable foreign
investments, which are a vital revenue source for these small island developing
states. The income is transferred to the government treasury departments and used
for improvements in infrastructure and cultural development.

Applications for the Economic Citizenship programme can only be made through a
registered and government approved agency and are subject to rigorous background
checks. Caribbean Land and Property Financial Services are pleased to be a trusted
service provider to effectively deal with applications and support clients in
obtaining an alternative citizenship; a potential lifeline in these turbulent
financial times.


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Contact Details: terri@caribbeanlandandproperty.com
www.caribbeanlandandproperty.com
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