The twin islands of Saint Kitts & Nevis were named as the top Caribbean destination for retirement, according to the most recent study by consultancy firm Global Citizenship Solutions.
Saint Kitts & Nevis secured the top position due to its stunning beaches, lush landscapes and favorable tax policies. The country does not levy any taxes, including income, capital gains, wealth or inheritance taxes.
Additionally, its popular citizenship-by-investment program attracts wealthy Americans, with many retirees opting for property ownership and dual citizenship.
The Bahamas, Antigua & Barbuda, the Cayman Islands and Dominica also ranked as top destinations for retirees.
The Bahamas was favored for its proximity to the United States, which allows many Americans to maintain dual citizenship and frequent trips back home. The laid-back lifestyle and the availability of private islands add to its appeal.
Antigua & Barbuda was noted for being one of the safest islands in the Caribbean. Although the cost of living is higher compared to other countries in the region, its low crime rate makes it an attractive option for retirees. It also has numerous direct flights to the United States and major European cities.
The Cayman Islands, a British Overseas Territory, is renowned as a tax haven, leading many wealthy individuals to acquire citizenship there.
Dominica stands out for its affordability, with its extensive green landscapes contributing to its appeal. The report indicates that retirees in Dominica can comfortably live on an average social security pension.
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Publish date : 2024-08-14 06:55:00
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