ANTIGUA AND BARBUDA
CITIZENSHIP BY INVESTMENT PROGRAM
WHY SHOULD YOU CONSIDER ECONOMIC CITIZENSHIP?
There are many reasons why wealthy individuals should consider a second citizenship. In today’s ever-changing world for reasons of security, ease of travel, tax planning and internal politics in a country, many see the need to have a second passport.
We can assist you in legally acquiring a second citizenship in Antigua and Barbuda quickly and without disrupting your life-style. In this program, there is no need to give up your original nationality. For economic considerations and without residency requirements you can legally acquire a new citizenship.
The Antigua and Barbuda Citizenship by Investment Program (CIP) Act was passed in April, 2013. The Citizenship by Investment Unit (CIU), a creature of the legislation, was staffed on August 26, 2013 and opened to the public on October 10, 2013. The first application was received in November 2013. The first citizenship was granted in February of 2014. The laws governing this program are contained in the Antigua and Barbuda Citizenship by Investment Act, 2013, and the Antigua and Barbuda Citizenship by Investment Regulations, 2013 and the Antigua and Barbuda Citizenship by Investment Act, 2016 (No. 2 of 2016).
With an Antigua and Barbuda passport, a citizen can travel to approximately 134 countries in the world, including Canada, Hong Kong, Singapore, the United Kingdom and Schengen area zone countries with relative ease and without challenging visa requirements. In 2009, the Antigua and Barbuda Government signed a visa waiver agreement with the European Union which allows an Antigua and Barbuda citizen to visit the Schengen countries without a visa for a period of three months within any period of six months following the date of first entry into any E.U. country.
The Citizenship by Investment program requires the applicant to make an economic contribution to the country. In exchange, and subject to the application procedures, such as background checks, applicants, and their families are granted citizenship.
To qualify for citizenship, the applicant must be over 18 years of age, satisfy the application requirements and select one of the three options available. The first option is an investment of at least US $400,000 into one of the approved real estate projects. The second option is a contribution of a non-refundable amount of US$100,000 to the National Development Fund (NDF) for a single applicant and up to a family of four and US$125,000 for a family of five and over. The third and final option is a direct investment of at least US$1,500,000 in an eligible business as a sole investor or as a joint investment by at least 2 persons. In the case of a joint investment, the business must be worth at least US $5,000,000 where each of the investors invests at least US $400,000. Processing fees for NDF option is US$25,000 for a family of up to four (4) persons with incremental payments of US$15,000 for each additional dependent where the application consists of five (5) persons or more. Under the Real Estate and Business Investment options, the processing fees are US$50,000 for a family of up to four (4) persons with incremental payments of US$15,000 for each additional dependent where the application consists of a family of five (5) persons or more.
Applicants and their dependents who have in the past been denied a visa to countries which Antigua has visa-free access may not apply into this program.
Dual citizenship is allowed and individuals who will not become resident for tax purposes in Antigua are not subject to any personal income tax.
REASONS TO CHOOSE ANTIGUA AND BARBUDA?
Fast processing within sixty (60) to ninety (90) days;
Inclusion of dependant children under 25 years, and dependant parents or grandparents over 65 years;
No requirement to travel to Antigua and Barbuda during the application process;
Visa-free travel to more than 134 countries including the Schengen Zone, Canada, UK, Hong Kong, Singapore, and others;
No tax on worldwide income.
FOR FURTHER DETAILS ON THE CITIZENSHIP BY INVESTMENT PROGRAM, PLEASE FEEL FREE TO CONTACT US AND VISIT THE GOVERNMENT WEBSITE CITED BELOW: