Antigua and Barbuda is an autonomous Commonwealth state located in the Eastern Caribbean. About 60% of the island’s income comes from global tourism, which is the main driver of the island’s GDP and primarily targets Americans, Canadians, and Europeans as customers.
The Citizenship by Investment Unit (CIU), a government organization charged with handling all Agent’s License programs and Citizenship by Investment applications filed by applicants and their families, was formed by the Honorable Prime Minister of Antigua and Barbuda.
Investment Options for Antigua and Barbuda Citizenship
Antigua and Barbuda provides a variety of investment-based citizenship opportunities. The most economical option is to make a $100,000 non-refundable contribution to the government. Alternatively, with Antigua citizenship by investment, you may invest at least $200,000 in rental-income-potential approved real estate. Consider a commercial venture of $1.5 million or a contribution of $150,000 to a university fund for larger investments.
Why Choose Antigua and Barbuda for Citizenship
For wealthy families looking for visa-free travel to significant Asian financial hubs as well as access to the European and Caribbean markets, the Antigua and Barbuda Citizenship by Investment Program is a great option. General advantages include:
- Fast process. Your application will be decided upon in approximately three to four months.
- Opportunities for the whole family. The program includes the partner, kids, parents, grandparents, and single siblings.
- Favorable tax system. No taxes on earnings, assets, or inheritances; no taxes on income received globally.
- No residence requirements. Your Antigua passport by investment may be sent to a place outside of Antigua; no actual residence is needed to earn your second citizenship.
- Travel possibilities. According to Immigrant Invest, Antigua and Barbuda Citizenship has a high passport ranking, providing access to more than 150 countries.
Besides, the Antigua and Barbuda Citizenship by Investment Program is cost-effective and has a short investment period.
Application Process to Antigua and Barbuda Citizenship
Citizenship by Investment Program includes several stages:
- It’s necessary to collect all the required documents.
- As mandated by law, your application will be sent to the Antigua and Barbuda government via an authorized local agency.
- Every application undergoes a comprehensive due diligence background check, whereby the given data is reviewed and confirmed by the government.
- The applicant will get a letter informing them of the outcome when the government reviews their application and makes a determination. We’ll send this mail to you.
- Upon approval of your application, you will have to finish making your investment.
Strict due diligence procedures are carried out by the CIU, and applications that include misleading statements or omit important information will be rejected. If there are no issues with the application, the processing time is projected to be three to four months from the time it is submitted until the passport is issued.
Vital Requirements
Immigrant Invest top specialist Zlata Erlach highlights several vital requirements:
- All candidates must complete interviews to demonstrate their eligibility and source of funding; these interviews may be conducted remotely.
- A birth certificate, a passport from their home country, the results of a clear criminal background check, confirmation of the money’s rightful owner, and evidence that the funds come from legitimate sources are all required of applicants.
- Citizens only need to spend a minimum of five days in Antigua and Barbuda for the first five years after ratification, even though they will have the freedom to reside there permanently.
It’s also vital to note that investments in real estate must be kept for at least five years in order to get Antigua and Barbuda citizenship. You may then sell without it impacting your citizenship.
Bottom Line
Because of its lovely beaches, stable economy, low crime rate, tropical marine environment, and friendly people, Antigua & Barbuda is among the most popular destinations in the world to live. Besides the opportunity to live in the country with Antigua and Barbuda investment options, possessing a passport gives you access to a number of profitable financial options. With visa-free entry to more than 160 nations, including the UK and EU members, it would also greatly simplify international travel. In addition, family members may inherit citizenship.