Antigua and Barbuda has become in recent years a favorite destination for European royalty. The English-speaking twin island nation of Antigua & Barbuda has maintained this privilege for generations, with its calm elegance, turquoise waters, luxury yachts and famous residents.
The islands of Antigua and Barbuda, located in the Lesser Antilles, are prime destinations for anyone who wishes to get away from the mundanity of city life and the crowdedness of popular beaches. The mild and warm climate all year round, the quality hotel infrastructures, and the banking institutions of this small tax haven attract a sophisticated clientele.
The paradisiacal beaches of Antigua and Barbuda are among the most beautiful of the Antilles. The white sand is accompanied in this beautiful landscape by the turquoise and crystal clear water. The views of the sea are incredible, perfect to take a boat and take a walk through spectacular environments with natural coves to bathe and cool off.
The islands have a strong influence both from western and American cultures. On weekends and during carnivals the orchestras take center stage, producing reggae and other rhythms to dance.
Besides the amazing food, culture, tropical beaches, green landscape, and warmth amability offered by the natives, Antigua and Barbuda is best known for one reason. Banking is one of the most popular incentives that bring people into the island.
The government of Antigua and Barbuda is always on the search for foreign investments and has launched many different kinds of programs to incentivize this. The Government of Antigua and Barbuda created a Citizenship for Investment program, which consists of investing and becoming a citizen.
The citizenship application process is rigorous and requires a certain preparation to gather all the necessary information. Application deadlines may vary and are difficult to predict, although they generally depend on how easily an applicant can access the required documentation, as well as the complexity of the application as a whole.
Antigua and Barbuda offers three types of investment that allow any individual to apply for citizenship. The first is to make a contribution to the National Development Fund, the second is investment in previously approved real estate projects, and the third is to invest in a business approved by the Government. In addition, Antigua and Barbuda requires that applicants reside in the nation for a short period of time.
Donation to a National Development Fund: High-income individuals can make a non-refundable donation of $100,000 USD to the National Development Fund in order to qualify for the citizenship program.
Investment in previously approved real estate projects: An investment of $400,000 USD in an approved Real Estate Project will qualify the applicant and their family to obtain citizenship in Antigua & Barbuda. The investment must be maintained for at least 5 years and can be resold later.
Investment in a Government approved business: Applicants must invest $1.5 million USD to establish a business. Two or more applicants can form a joint investment of at least $400,000 USD in an invested total of $5 million USD. This last one is used by hotel developers, much like the EB-5 in the United States.
Antigua launched its Citizenship by investment program in 2013 and it has proved so popular that it now justifies approximately 25% of government revenues. More than 500 people have already bought their entry into the country of only 90,000 inhabitants.
There are many advantages in investing in Antigua and Barbuda and obtaining a second passport such as:
- There are no direct taxes
- There are no taxes on personal income
- There are no taxes on inheritance
- There are no restrictions on the repatriation of imported profits and capital.
What separates Antigua and Barbuda from other caribbean countries offering a citizenship by investment program is that the government needs foreign investment. The island is experimenting a record year and it is all thanks to the new infrastructure attracting tourists from all over the world. Even celebrities like Robert De Niro have taken advantage of this great program.
For your investment, a second passport from these islands gets you visa free access to o 140 countries and territories, ranking the Antigua and Barbuda passport 27th in terms of travel freedom.
I hope you’ve found this article on Antigua and Barbuda to be helpful. For more information, or for assistance in investing in Antigua and Barbuda or opening an offshore company, please contact us below by filling out the form. Thank you. We’ll be happy to assist you with a second passport from Antigua and Barbuda or elsewhere.