Antigua and Barbuda – Citizenship by Investment

Antigua and Barbuda – Citizenship by Investment

In November 2012 The Antigua and Barbuda Citizenship-by-Investment Program, was announced by the Government of Antigua.

 Antigua And Barbuda Citizenship By Investment

Holders of the Antiguan passport enjoy visa-free travel to 140 countries, which also includes the UK and Europe’s Schengen area (This does not include the US).

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  • Overview

    Antigua and Barbuda is an independent Commonwealth state in the Eastern Caribbean and is considered to be one of the most beautiful places in the world. The stunning landscape is a lush tropical island, with 365 beaches of clean, crystal clear, turquoise waters. The main driver of GDP is tourism and generates around 60% of the income, with key target markets being the US, Canada, and Europe.

    Antigua is a member of the United Nations (UN), the British Commonwealth, CARICOM and the Organization of American States (OAS), among many other international organizations.

    Holders of the Antiguan passport enjoy visa-free travel to 140 countries, which also includes the UK and Europe’s Schengen area (This does not include the US).

  • Requirements

    This programme requires the applicant to make a significant economic contribution to the country. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, the applicants and their families are granted citizenship.

    To qualify for citizenship, the main applicant should be over 18 years of age, meet the application requirements, and select one of the three options mentioned below:

    • The purchase of real estate with a minimum value of USD 400,000 from an approved real estate project. The real estate cannot be disposed of within the five-year period, or before the proposed real estate project has been substantially completed
    • The direct purchase of an eligible business for a minimum amount of USD 1.5 million as an individual, or a joint purchase involving at least two persons, with each person individually contributing at least USD 400,000
    • A contribution to the National Development Fund (NDF) of a minimum non-refundable amount of USD 100,000

     

    The NDF is a special fund established under section 42(2) of the Finance Act 2006 for the purpose of funding government-sponsored projects.

  • Procedures and Time Frame

    This programme is managed and all applications are processed by the Citizenship by Investment Unit (CIU), which is the government authority.  If required, the applicant (s) may require to attend an interview.

    It is projected that the process will take approximately between three and four months from submission of the application to issuance of the passport, assuming there are no areas of concern with the application.

    Under the real estate option, the time frame may vary depending upon the project.

  • Dual Citizenship

    There are no restrictions on dual citizenship in Antigua and Barbuda.

  • Taxation

    There are no capital gains or inheritance taxes in Antigua and Barbuda. Property tax is levied on all properties.

  • Key Advantages
    • An Antigua and Barbuda passport provides visa-free access to approximately 140 countries including the UK, Europe’s Schengen area, Singapore, and Hong Kong
    • Full citizenship with passport is granted to the applicant and family
    • Antigua and Barbuda is a member of the Commonwealth. This entitles citizens to certain privileges in the UK and other member states
    • Antigua and Barbuda is an attractive place to live or to own a second home, with excellent air links to North America and Europe

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