Antigua & Barbuda:
Antigua and Barbuda is a country of twin-islands located in the East Caribbean Sea. It is a tropical paradise with clear blue waters and over 365 beaches (one per annum day). Antigua and Barbuda is a popular tourist destination, with a temperate climate year-round. The country is also known for hosting the celebrated ‘Antigua Sailing Week’ maritime event.
Since 1981, Antigua and Barbuda have become an sovereign Commonwealth state and are members of many international organizations such as the United Nations ( UN), the Caribbean Community (CARICOM), the Association of Eastern Caribbean States (OECS), and the Organization of American States (OAS). The Antigua and Barbuda Government proposes favorable tax laws and an appealing market environment.
Antigua and Barbuda are situated in the middle of the Leeward Islands, at the border between the Caribbean Sea and the Atlantic Ocean. The international airport of Antigua and Barbuda is situated in the nation’s capital St John’s. This requires direct US, Canadian and United Kingdom entry to the island.
The Antigua and Barbuda Citizenship by Investment Program was inaugurated in 2013 and is one of the newest development initiatives in the country. Applicants and their families may acquire Antigua and Barbuda citizenship, in exchange for a significant contribution to the country. Successful applicants can travel free of visas to more than 130 countries around the world, including the European Union , the United Kingdom (UK), Singapore, and Hong Kong.
Applicants for the Antigua and Barbuda Citizenship by Investment Programme must fulfil the following conditions:
- Be at least 18 years old
- Be of good character
- Have no criminal record
- Pass a detailed background check
- Be able to provide proof of source of funds
- Be healthy
- The main applicant is required to spend a minimum of 5 days on Antigua and Barbuda over a period of 5 years. All 5 days can be spent on either of the islands at the end of the 5-year period.
- Investors may apply with their spouse and dependent children, and, in some cases, dependent elderly parents or grandparents.
- Full citizenship status
- Minimal requirement to visit Antigua and Barbuda after citizenship is granted: 5 days in a period of 5 years
- No interview requirement
- No English language requirement
- Low processing fees
- Dual citizenship is allowed
- Social and political security
- Visa-free travel to over 130 countries (including the UK and the EU)
- No foreign income, capital gains, gift, or inheritance tax
- Stable economy
Investors and their families may gain citizenship in Antigua and Barbuda in one of three ways:
- A one-time contribution to the National Development Fund (NDF)
- An investment in pre-approved real estate
- A pre-approved business investment
- A participation in the West Indies Fund (UWI Fund)
National Development Fund (NDF)
The Government founded the National Development Fund (NDF) for Antigua and Barbuda to fund projects aimed at diversifying and promoting the national economy. Under the NDF alternative the total payment required is US$ 100,000 plus US$ 25,000 government commissions, equal to US$ 125,000 for a single applicant.
Investment in Pre-approved Real Estate
The pre-approved immovable option requires applicants to buy property that they can only resell after 5 years. Ownership through a company is permitted as long as the company is a non-profit company, has issued all authorized shares to the applicant, is established under the laws of Antigua and Barbuda and is not an exempt or offshore entity. The minimum investment required goes under the pre-approved real estate option is US$400, 000.
Pre-approved Business Investment
The business investment option allows applicants to invest in an undertaking pre-approved by Investment Unit Citizenship (CIU). After discussing that with the Antigua and Barbuda Investment Authority (ABIA), the CIU approves a business investment. Applicants who choose this option can either:
- Invest at least US$1,500,000 in an approved business
- Invest at least US$400,000 in a joint investment with another applicant, so long as the joint investment totals at least US$5,000,000.