ANTIGUA & BARBUDA
Program's overview and key advantages
Antigua and Barbuda has comparatively cheapest program in the Caribbean region with a contribution to the National Development Fund (NDF) of a minimum non-refundable amount of USD 100,000*.
* Contribution amount do not include government processing and due diligence fees.
Antigua and Barbuda passport holders enjoy visa-free or visa-on-arrival travel to 151 countries, including the United Kingdom, the Schengen area, Hong Kong and Singapore.
There are 0% taxes on worldwide income, inheritance, capital gains or investment returns. Individuals who have their permanent residence in the country or who are present for at least 183 days a year will qualify as residents of Antigua and Barbuda.
Membership in the Commonwealth of Nations entitles citizens of its member-state to certain privileges in the UK and other member-states.
Application’s processing time takes around 5-6 months, though in some cases delays are possible.
Applicant is entitled to include his/her spouse, children under 30, parents, and grandparents aged 55 and over, siblings, if unmarried, as well as to add dependents after citizenship has been granted.
In accordance with the laws of Antigua and Barbuda there are not any restrictions on dual nationality.
There is not any prescribed obligation concerning citizens residence in the country. However, there is a requirement to reside in Antigua and Barbuda for a minimum of five days during the first five years of obtaining citizenship. This five-day residence clause has been suspended until 31 August 2021.
There are not any English language and interview requirements.
About Antigua and Barbuda
Antigua and Barbuda is an independent Commonwealth state in the Eastern Caribbean. Antigua was first discovered by Christopher Columbus in 1493 and later became a British settlement. Official language is English.
Today, Antigua and Barbuda is a constitutional monarchy with a British style parliamentary system of government. The Queen has her representative, an appointed Governor General, representing the Queen as the Head of State. Now, with its 37 years of independence from Britain, Antigua’s key industry is tourism and related service industries. The next largest employers are the finance services industry and the government.
With some 365 beaches of clean clear turquoise waters, the lush tropical islands of Antigua and Barbuda are an inviting paradise and considered to be one of the most beautiful places in the world. As a result, tourism is the key driver of GDP and generates around 60% of the island’s income, with key target markets being the US, Canada and Europe.
Famous people who live or own homes on the island include Oprah Winfrey, author Jamaica Kincaid, the fashion designer Giorgio Armani, Richard Branson of Virgin Atlantic and Eric Clapton who built a drug and rehabilitation center on the island.
about antigua and barbuda CITIZENSHIP BY INVESTMENT PROGRAM
The Citizenship by Investment Program was established following parliamentary assent to the Antigua and Barbuda Citizenship by Investment ACT 2016.
The Citizenship by Investment Program requires a person to make a significant economic contribution to the Country. In exchange and subject to stringent application procedures, including thorough background checks, the applicants and their families are granted citizenship.
The Antigua and Barbuda Citizenship-by-Investment Unit (CIU), the government authority responsible for administering the program, is responsible for the processing of all applications. The CIU examines the application thoroughly and, if deemed necessary, may request the applicant to attend an interview.
To qualify for citizenship, the primary applicant must be over 18 years of age, meet the application requirements, hold no criminal record, have excellent health and select one of the following four investment options:
- A contribution to the National Development Fund (NDF) of a minimum non-refundable amount of US$100,000.
- A contribution to the National Development Fund for Education of a minimum non-refundable amount of US$150,000.
- An Investment in Real Estate of at least US$400,000 into one of the approved real estate projects and to be held for a minimum period of 5 years. **
- An Investment in a Business of a minimum of US$1,500,000 directly into an eligible business as a sole investor or a joint investment involving at least 2 persons in an eligible business totaling at least US$5,000,000 and each of those persons individually invests at least US$400,000.
All four investment options are subject to government processing and due diligence fees.
The laws regarding the citizenship-by-investment program are contained in the Antigua and Barbuda Citizenship-by-Investment Act, 2013 and the Antigua and Barbuda Citizenship-by-Investment Regulations, 2013. Since then, the program has received several applications and granted citizenship to many wealthy investors.
Antigua and Barbuda has experienced a challenging economic environment in recent years. However, the Government has been credited with its implementation of the National Economic and Social Transformation Plan and a debt restructuring effort. One of the initiatives to support the island nation’s economy is the introduction of a Citizenship by Investment Program.
Antigua and Barbuda’s commitment to serving its tourism industry and increasing its GDP is demonstrated with the completion of the airport expansion project, which worth US$45 million. There are already direct flights to Antigua from London, New York, Miami and Toronto in place.
The currency is the Eastern Caribbean Dollar (EC$). Antigua and Barbuda is a member of the United Nations (UN), the British Commonwealth, Caricom and the Organisation of American States, among many other international organizations.