ANTIGUA AND BARBUDA CITIZENSHIP BY INVESTMENT
Antigua and Barbuda offers individuals the chance to call one of the most beautiful places on Earth home with a fair and affordable citizenship-by-investment program.
Nestled among the Leeward Islands, where the Caribbean Sea meets the Atlantic Ocean, Antigua and Barbuda comes close to many people’s idea of paradise. Known as the ‘land of 365 beaches’ – one for every day of the year – the twin-island state has a population of more than 90,000 people and is considered one of the most beautiful places on Earth.
AN IDYLLIC JURISDICTION
Bolstered by generous government incentives, foreign direct investment has contributed to the rapid development of the local economy, giving Antigua and Barbuda one of the highest GDPs per capita in the Caribbean. As a result, it has become an ideal jurisdiction for those seeking second citizenship.
A HIGHER LIFE’S QUALITY
Growth in the citizenship-by-investment industry has exploded of late. For those whose freedoms have been restricted by the politics of their home country, acquiring second citizenship presents the chance to become a global citizen. As well as offering greater mobility, citizenship and residency investment programs provide families with greater security, better access to education, a higher quality of life, stability, and wealth protection.
Ideally positioned to respond to these emerging demands, Antigua and Barbuda established its Citizenship-by-Investment Program (CIP) in 2013, offering citizenship through four affordable initiatives.
THE FIRST OPTION
The first option presented by the CIP offers second citizenship in exchange for a contribution to the National Development Fund, which has parliamentary oversight that ensures donations are used on legitimate infrastructure and socio-economic projects that benefit all citizens.
This path to citizenship is suitable for both single applicants and families of up to four, necessitating a $100,000 (€87,800) contribution, with processing fees of $25,000 (€22,000). For families with five or more members, this contribution rises to $125,000 (€109,750), excluding the relevant processing fees. These figures represent a 50 percent reduction on the standard investment and will only apply until October 31, 2019.
THE SECOND OPTION
Individuals can also earn second citizenship by making a minimum real estate investment of $400,000 (€351,200). This sum must be invested in an approved project, with ownership being retained for five years. Until October 31, two related-party applicants can make a joint investment to this effect, with each investing a minimum of $200,000 (€175,600) to qualify.
THE THIRD OPTION
The CIP’s third citizenship initiative seeks to encourage business investments and requires individuals to contribute $1.5m (€1.32m) to a local venture. Parties of two or more must provide a joint investment totalling $5m (€4.4bn), with everyone supplying a minimum of $400,000 (€351,200).
THE FOURTH OPTION
In the fourth and final option, applicants will be granted citizenship in exchange for a contribution to the University of the West Indies Fund.
Applicants selecting this option will be required to invest $150,000 (€131,700) for a family of four or more persons – this option is not available to single applicants. Participation in this initiative will entitle one member of the family to a one-year, tuition-only scholarship at the University of the West Indies’ Antigua campus.
SECOND TO NONE
The CIP is a well-regulated program, duly cognisant of its collective responsibility in the community of nations and the need to protect all borders, while at the same time fostering improved human relations. The Antigua and Barbuda government believes that citizenship should be granted to those most deserving. As such, all applicants are subject to stringent background checks.
The program also has a ‘restricted countries’ list, which prohibits applications from Afghanistan, Iran, Iraq, North Korea, Somalia, Yemen, and Sudan. There are exceptions to this ruling, however: if an applicant resides outside of these given countries, if their source of income is generated elsewhere, or if they are lawfully a permanent resident of either Canada, the UK, the US, Australia, New Zealand, Saudi Arabia or the UAE, they may still be granted second citizenship.
GREAT NUMBER OF APPLICANTS
As of December 2018, more than 1,900 applications have been processed. With its efficient management, rigorous due diligence, the wide choice of investment options and sheer physical attraction, Antigua and Barbuda is fast becoming the jurisdiction of choice for second citizenship.
MONARCHY OF ANTIGUA AND BARBUDA
|Capital City ||St. John's |
|Total Area ||440 km2 |
|Languages ||English |
|Population ||100,963 (2016 estimate) |
|Currency ||East Caribbean dollar (XCD) |
|Visa-Free Countries ||147 |
|Nearest Country || |
The island east-southeast of Puerto Rico and about 100 km north of Guadeloupe، and shares maritime borders with Saint Kitts and Nevis, Anguilla (UK), Montserrat (UK) and Saint Barthélemy (France).
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