Founder of Global Residence Index
Last updated: February 27, 2024
The Antigua and Barbuda Citizenship by Investment program offers a unique opportunity for individuals. It is a way to acquire a second citizenship and passport through various investment avenues. The program caters to high-net-worth individuals and provides a legitimate and expedited path to citizenship. Established in 2013, the program is subject to stringent due diligence procedures.
The allure of Antigua and Barbuda’s program lies not only in the travel freedom afforded by its passport, but also in the economic and lifestyle benefits of becoming part of this vibrant Caribbean community.
Investment options for acquiring citizenship in this twin-island nation include a monetary contribution to the National Development Fund, investment in real estate, or investing in an approved business venture. These avenues are designed to bolster the nation’s economic growth while offering investors and their families the privileges of citizenship, including visa-free travel to numerous countries.
The application process is straightforward but rigorous. It ensures that all potential citizens meet the nation’s eligibility criteria and uphold its reputation on the global stage.
The government instituted the Antigua and Barbuda Citizenship by Investment Program in 2013. This followed legislative approval under the Citizenship by Investment Act, Act No. 2 of 2013. The program was established as a means to promote foreign investment, thereby enhancing the economic infrastructure of the twin-island nation.
Citizenship by investment in Antigua and Barbuda grants individuals and their families a wealth of advantages. Key benefits include:
The program’s credibility is maintained by the Citizenship by Investment Unit (CIU), the government body responsible for processing all applications. It upholds stringent due diligence procedures to ensure the integrity of the citizenship by investment process.
The Citizenship by Investment program in Antigua and Barbuda establishes precise requirements that applicants must meet to obtain citizenship. This includes criteria for the main applicant and specific provisions for including family members as dependents.
Age: The main applicant must be over 18 years of age to be eligible to apply for citizenship by investment in Antigua and Barbuda.
No criminal record: The CIU conducts strict due diligence checks to ensure the integrity of applicants.
All dependents must pass due diligence checks, and fees apply for processing and due diligence.
Antigua and Barbuda offer multiple avenues for investors to contribute to the nation’s economy in exchange for citizenship. Each option is tailored to different investment levels and types of contribution, from direct donations to business ventures.
The National Development Fund (NDF) option requires a minimum donation of $100,000. It is a non-refundable contribution allocated to the government’s fund for the purpose of national development and supporting public projects.
Investors can opt for a Real Estate Investment by purchasing government-approved real estate. The minimum investment is set at $200,000, ensuring that the property is held for at least five years before it can be sold.
The Business Investment option involves a minimum outlay of $400,000 into a government-sanctioned business. This investment must create jobs and contribute to the country’s economic growth, aligning with the program’s objective to bolster Antigua and Barbuda’s entrepreneurial landscape.
There’s also a donation choice that serves educational purposes, known as the University of the West Indies Fund. A single applicant’s contribution starts at $150,000 and includes one semester’s tuition for a member of the family at the University of the West Indies.
Each investment option offers its own set of benefits and requirements. All contributions are expected to bolster Antigua and Barbuda’s economy in distinct ways, whether through the support of public projects, enhancement of the real estate market, expansion of business industries, or advancement of educational programs.
The application process for the Antigua and Barbuda Citizenship by Investment Program is detailed and thorough, ensuring that only reputable applicants are granted citizenship. It involves various stages from document submission to due diligence checks, and from potential interviews to the oath of allegiance.
Applicants must provide a comprehensive dossier of documents, which typically include:
Documents related to the chosen investment option, such as real estate contracts or business investment details, are also mandatory.
A non-refundable due diligence fee is charged for the background checks undertaken to verify each applicant’s information. These checks are rigorous and crucial to the program’s integrity, ensuring that the applicants have no criminal records or dubious financial history. The government employs these due diligence processes to maintain high program standards.
Interviews have become a mandatory part of the application process for citizenship by investment in Antigua and Barbuda. All applicants are now required to attend an interview, which serves as an essential step in the due diligence and vetting procedures.
Finally, if the application is approved, applicants must take the Oath of Allegiance to Antigua and Barbuda. This step is necessary before any citizenship certificates are issued and passports can be granted. The oath is typically administered either in Antigua and Barbuda or at a consulate or embassy.
For individuals considering the Antigua and Barbuda Citizenship by Investment program, it is essential to understand the financial commitments involved. These commitments include not only the investment amounts but also the various fees and charges, as well as the tax implications for new citizens.
The total investment for acquiring citizenship in Antigua and Barbuda can vary. One can opt to contribute to the National Development Fund (NDF) with a minimum amount of $100,000 for a single applicant or a family of four. Alternatively, investments can be made in real estate with a minimum value of $200,000 or in a business with a minimum investment of $1.5 million. Multiple investors can collaborate on a business investment, with each contributing at least $400,000, provided the total investment reaches $5 million.
When applying for citizenship, applicants must also cover processing fees and government fees.
New citizens of Antigua and Barbuda benefit from a tax regime that is conducive to economic growth. They are not required to pay personal income tax on worldwide income, nor is there a capital gains tax in the country. This policy supports the country’s competitive edge as an investment destination. However, new citizens should consult with a tax professional to fully understand their tax responsibilities both in Antigua and Barbuda and their country of origin.
The Citizenship by Investment program in Antigua and Barbuda confers a suite of rights and privileges to investors, ranging from global mobility to financial benefits. Individuals obtain a second passport and enjoy increased travel freedom, a desirable lifestyle, and economic opportunities in the Caribbean and beyond.
Passport: Holders of an Antiguan and Barbudan passport gain visa-free or visa-on-arrival access to approximately 143 countries. This includes the Schengen Zone, the UK, and other key business and travel destinations.
There is a minimal residency requirement for citizens by investment, which is only five days within a period of five years, allowing investors to retain their citizenship status while living abroad.
Investors and their families can enjoy the high standard of living in the West Indies, with access to pristine beaches, a stable political environment, and a relaxing Caribbean lifestyle.
Antigua and Barbuda offer the appealing advantage of no personal income tax, which means that one’s global income is not taxed by this jurisdiction.
The program opens doors to various economic ventures in Antigua and Barbuda and by extension, the wider Caribbean region.
Investors gain the chance to start or expand businesses within a supportive framework designed to encourage economic development.
Having a second passport can act as a stepping stone for international financial planning and can provide more flexibility in business and travel options.
Residents of Antigua and Barbuda enjoy a serene lifestyle amidst stunning beaches and a welcoming local community. The nation offers a blend of vibrant tourism and tranquil island life, set in the heart of the Eastern Caribbean with azure waters and white sand.
Antigua and Barbuda’s small population fosters close-knit communities, providing a sense of family among residents and expatriates alike.
Festivals and local events are central to community integration. The island’s cultural events represent a fusion of the indigenous and colonial heritages that promote a sense of belonging.
The real estate market in Antigua and Barbuda offers a variety of options, from luxury resorts to private villas.
Individuals who invest in property can find accommodations boasting views of white sand beaches and azure waters. The government’s Citizenship by Investment program even includes options to invest in real estate as a path to residency.
The nation is equipped with medical facilities that provide care for both locals and expatriates.
While some specialized services may require travel abroad, the overall healthcare system caters to routine medical needs.
In terms of education, there are options ranging from public to private schools. Several institutions offer international curricula suitable for family requirements.
Antigua and Barbuda’s Citizenship by Investment Program is positioned within a global and regional landscape of varying options, each with unique attributes and requirements.
Caribbean nations each have distinct Citizenship by Investment Programs (CBI), allowing for direct citizenship upon investment.
These programs often appeal due to their relatively low investment thresholds, streamlined processes, and the travel benefits they confer.
These Caribbean programs are often compared on their speed of processing, cost, global mobility (visa-free access), and the ease of the application process.
Antigua and Barbuda has been home to a variety of influential individuals and public figures who have made substantial contributions in their respective fields.
Sir Vivian Richards is one of the most famous Antiguans who captivated the cricketing world.
Regarded as one of the greatest batsmen ever, he has been an influential figure in sports, especially cricket.
Timothy Harris, born on the sister isle of St. Kitts, serves as the current Prime Minister of the Federation of Saint Kitts and Nevis. He has been pivotal in the region’s politics.
Eric Clapton, the renowned British rock and blues guitarist, singer, and songwriter, owns a residence in Antigua.
He established the Crossroads Centre, a medical facility for recovering substance abusers.
While not a citizen, Oprah Winfrey, the celebrated American talk show host, actress, and philanthropist, has been linked to Antigua and Barbuda through her frequent visits and significant real estate investment. Her presence on the island has brought attention to Antigua and Barbuda as a destination for the affluent.
The legal framework for Antigua and Barbuda Citizenship by Investment hinges on detailed legislation and rigorous compliance measures. Ensuring the integrity of the program is a continuous process involving regular updates and active monitoring by the government authorities.
Antigua and Barbuda’s citizenship by investment program is anchored by the Citizenship by Investment Act, 2013.
This act outlines the requirements for obtaining citizenship through investment, including qualifications, application procedures, and the duties of the Citizenship by Investment Unit (CIU).
The CIU is the government authority responsible for processing applications and ensuring that they meet the legal criteria set forth in the legislation.
The government of Antigua and Barbuda has the authority to make amendments to the Citizenship by Investment program. Any changes are made with the aim of improving the program’s efficiency, security, and attractiveness to potential applicants.
Recent amendments are documented in the Antigua and Barbuda Citizenship by Investment (Amendment) Regulations 2020. It’s imperative for applicants and agents to stay informed about such updates to ensure compliance with the current regulations.
Compliance and monitoring are critical to the sustainability of the Citizenship by Investment program. The CIU works in conjunction with other government bodies, such as the cabinet and the embassy, to enforce regulations and to supervise the activities of licensed agents. The government has implemented stringent due diligence processes to verify the information provided by applicants.
This not only protects the integrity of the program but also the reputation of Antigua and Barbuda on the international stage.
Investors must make a minimum non-refundable contribution to the National Development Fund or invest in government-approved real estate projects or businesses. They must also pass a due diligence background check and, as of November 2023, complete a mandatory interview.
Holders of an Antigua and Barbuda passport enjoy visa-free travel to over 140 countries, including the UK, the Schengen area, and many others. The passport also offers full citizenship rights including the ability to work, live, and study in Antigua and Barbuda.
Yes, Antigua and Barbuda does allow dual citizenship, so applicants can maintain their current citizenship while enjoying the benefits of Antiguan and Barbudan citizenship.
The minimum investment for citizenship starts at $100,000 for a contribution to the National Development Fund. Real estate investments start at $200,000, and business investments require a minimum of $1.5 million for a single investor.
Investment options include a non-refundable donation to the National Development Fund, investing in approved real estate projects, or investing in an eligible business venture.
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