Due diligence of Caribbean CBI programs

[Tom85]

Hello, do you know how thorough is the due diligence process when applying for any Caribbean CBI programs? Would they accept crypto trading profits as a source of funds and would they check if there were any taxes paid on that profits from trading?

 

[Sols]

The more money you have and plan to invest, the fewer questions they will ask. It's not particularly thorough, especially if you background checks come back clean.

You should be able to show tax return that somewhat match your wealth but if there are discrepancies, they won't check too closely.

 

[hack970]

Simply saying, no. Caribbean CBI programs are tightening their rules on Due Diligence now. AFAIK, they didn't even accept crypto trading profits as a source of funds in 2022. I don't know the current rules, but I do believe their rules are tighter than before. I helped some of my customers and friends to get Caribbean citizenship in 2021 and 2022. The CBIU asked for a bank reference letter as well as 12 months of bank statements (It has to be your major bank). They asked a lot of questions and documents on transactions that are more than 4k USD.

 

[Henn and Rich]

some caribbean countries will allow crypto trading profits as SOF, for example Dominica and St Lucia - does accept. Have ongoing files there where the SOF is trading in crypto and all is well.