While Caribbean “golden passports” (like those from Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis and St Lucia) are marketed as tax- or travel-efficient solutions, they carry escalating risks:
Americans remain bound by IRS worldwide taxation (IRC § 1) and face U.S. visa scrutiny (Proclamation 10014) if using a second passport.
Canadians risk ESTA revocation and border delays when entering the U.S. with a golden passport.
UK citizens gain no tax relief (HMRC taxes residents globally) and trigger CRS reporting for offshore accounts.
EU nationals (e.g., Italians, Spaniards) still owe taxes on worldwide income and face Schengen scrutiny as the EU cracks down on CBI schemes.
South Americans (e.g., Brazilians, Argentinians) using golden passports for “tax tourism” risk CFC rules and home-country audits.
The Smarter Alternative: Bahamas Residency The Bahamas’ (via $750k+ property investment) offers:
✅ Zero income/capital gains taxes (IRS-compliant for Americans; no filings for Canadians/Europeans unless remitting income home).
✅ No visa hassles (enter U.S./Schengen under original passport).
✅ No citizenship renunciation—unlike golden passports, which attract scrutiny from the U.S., EU, and OECD.
Bahamas residency? Zero tax, zero drama. #LiveWhereOthersVacation
Discover paradise. Contact me for exclusive access to luxury estates like Hummingbird, Islands Of Old Fort, where every day feels like a permanent vacation.
Rosalyn Brown: [email protected] / Cell & WhatsApp: (242) 376 1249.