News Americas, New York, NY, October 28, 2024: Nomad Capitalist has unveiled its Nomad Beach Index 2024 (NBI), highlighting the Caribbean’s top beach destinations for high-net-worth entrepreneurs and investors seeking favorable living and financial environments.
At the top of the list are the Cayman Islands, known for their favorable tax laws and high-quality services, followed by Antigua and Barbuda and St. Kitts and Nevis.
NBI, based on data from more than 30 unique sources, ranks beach destinations using a scale of 10-50 on five factors: Beauty (30%), Services (20%), Taxes (20%), Immigration (20 %), and Security (10%). The Cayman Islands secured the top spot for its well-known tax efficiency and appeal among wealthy individuals who prefer simplified tax regulations. Antigua and Barbuda moved up the rankings due to improved service offerings, including improved airport operations and mobile connectivity.
Other Caribbean nations highlighted in the top 10 include Dominica (tied for fourth) and the Bahamas, both of which continue to attract global entrepreneurs with easy immigration pathways and business-friendly environments. The Dominican Republic also made the list, reflecting its continued appeal as a destination with lifestyle and financial benefits.
Javier Correa, strategy associate at Nomad Capitalist, pointed out that NBI targets high-net-worth individuals looking for long-term, tax-efficient beach destinations. “The beautiful beaches of the Caribbean offer more than scenic escapes,” Correa noted. “They represent sustainable options for mobile global entrepreneurs and investors looking for financial growth, simple immigration and robust banking options.”
