Antigua and Barbuda Citizenship by Investment

Antigua and Barbuda Citizenship by Investment

The Antigua and Barbuda passport is considered one of the strongest in the Caribbean as it permits its holder to travel visa-free to some of the leading business hubs in the world, including the UK, Hong Kong, and Singapore. Antigua has a favorable tax system in place, with its citizens exempt from paying both capital gains and real estate taxes. As one of the most globally-recognized citizenship by investment agencies, we here at PassPro Immigration Services offer a quick and hassle-free route to Antigua citizenship. For more information on the Antigua and Barbuda citizenship by investment program, contact our immigration consultants today!

Antigua and Barbuda Country Profile

Visa free countries

150

Population

94,000

Currency

East Caribbean dollars (XCD), tied to USD

Time Zone

UTC-4

Resting along the eastern coastline of the Caribbean Sea, the twin-island nation of Antigua and Barbuda is in every way, a tourist paradise with lush hillsides, thick rainforests, and a breathtaking coastline. Having gained independence from the UK in 1981, the country is currently a member of the United Nations, CARICOM, and the Commonwealth of Nations. Primarily driven by the tourism sector, which accounts for nearly 60% of its GDP and 40% of the investments, the country’s economy is one of the strongest among all the Caribbean countries. Antigua and Barbuda is governed by a parliamentary, representative democratic monarchy and follows the Common English Law Model.

About the Antigua Citizenship by Investment Program

Ever since the program was first put forth in 2013, Antigua’s second citizenship program has been a popular choice among eagled-eyed business professionals and high-net-worth individuals. An applicant can obtain citizenship from the country by investing in a government authorized business, making a property investment, or making a non-refundable contribution to help improve the country’s infrastructure. Unlike some of the other citizenship by investment programs, applicants here are not required to learn about the country’s history or speak their official language. Lastly, applicants are not required to reside in the country during the time of the application process. Currently, an investor can gain an Antigua and Barbuda passport by contributing a sum of 152,800 USD.

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Legal Basis

Due to its relatively affordable price and quick processing time, the Antigua and Barbuda Citizenship program has helped the country become one of the most preferred destinations in the world to obtain dual citizenship. The program was first initiated in 2013 as a means to cut down on public debts and stimulate economic growth. Details regarding the program are listed in section 6 of the Citizenship by Investment Regulations, 2014.

For detailed information visit the official Antigua and Barbuda citizenship by investment government website.

General Requirements to Qualify for the Antigua Citizenship Program

Apart from making a sizeable investment within the country, the investor, as per the Antigua citizenship by investment act, has to fulfill certain criterions to get his/her dual citizenship application approved.

  • The investor must be at least 18 years of age.
  • Should have no criminal records.
  • Must confirm his/her investment source from a legitimate source.
  • Should be of good health.
  • Should clear due diligence checks and gain approval.

Dependents who are eligible to receive citizenship along with the principal applicant include:

  • Spouse.
  • Children under the age of 30.
  • Parents 55 Years of age and above.

Citizenship Timeline

The governing body of Antigua’s citizenship program, Citizen by Investment Unit (CIU), clearly states that each application to the program should be submitted through a government-authorized agent such as PassPro Immigration Services. Listed below is a step-by-step timeline of the application process:

*The investor along with co-applicants should be willing undergo a biometric due-diligence test.

Month 01

  • Prequalification checks of the applicant.
  • Preparation of all the necessary documents.
  • Payment of due diligence fees, 10% non-refundable government fees, advisory fees, and reservation of property investment fees, if applicable.

Month 02-03

  • Submission of the citizenship application to the CIU.
  • The government vets the application and conducts a thorough due diligence background check on the candidate.
  • Citizenship application is approved.

Month 04-05

  • The real estate investment or government donation is made along with the remaining 90% of the government fees.
  • Antigua and Barbuda passport and citizenship certificate are issued to the applicant.

Month 06

  • Remaining payment, if any, is to be made by the investor once the passport is delivered.

Antigua Citizenship by Investment Criterion

 

Contribution to National Development Fund*

Single Applicant

$152 800

Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)

$176 200

Real Estate Investment*

Single Applicant

$282 800

Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)

$296 200

 

As mentioned, applicants can pursue three different investment routes to acquire Antigua and Barbuda nationality and a second passport.

NDF

The National Development Fund was set up to help income-generating public sector projects, encourage innovation among entrepreneurs, and aid charitable organizations within the country. Eligible applicants for the Antigua and Barbuda citizenship are required to donate a one-time investment of USD 100,00 for a family of four or less. They are also liable to pay an additional cost of USD 30,000 as government processing fees. Prices are subject to change based on the number of dependents and their age. Other administrative fees are applicable.

Real Estate

The real estate investment is one of the most preferred routes to obtaining citizenship and a second passport from the country. Not only will the applicant have his/her property in the region, but he/she can also resell the same after five years. An amount of USD 400,000 or more has to be invested in a government-approved real estate development to qualify under this scheme. Co-applicants are also permitted, provided each of them donates a sum of USD 200,000 each.

Business Investment

The CIU offers two different business investment options to acquire Antigua nationality:

  • A single applicant needs to invest at least USD 1,500,000 in a pre-approved business within the country.
  • Or, at least two applicants can propose to make a joint investment in a government-approved business with a total investment of USD 5,000,000. Each additional investor will need to contribute atleast USD 400,000 to the venture.

* A Due diligence fee of USD 7,500 is applicable for the principal applicant and their spouse, USD 2,000 for any dependent child between 12-17 years of age and USD 4,000 for any dependent child/parent between 18-30 and 55+ years of age. Kindly contact PassPro Immigration Services for further information on the program or to receive a personalized quote based on the age and number of dependents included in your application.

Benefits of Antigua and Barbuda Passport

Compared with the other Caribbean Citizenship by Investment programs, Antigua’s CBI program is one of the most economic citizenship programs. Listed are some of the other key reasons as to why you should opt for Antigua’s Citizenship by Investment Program.

  • A quick and hassle-free application process.
  • Visa-free travel to a total of 150 countries.
  • Dual citizenship is permitted - The applicant is not required to renounce his/her current nationality to acquire Antigua and Barbuda nationality.
  • Over the first five years, citizens are only required to reside in the country for just five days.
  • The local currency, Eastern Caribbean Dollar, is pegged to the US Dollar, thereby giving you and your business, financial benefits and security.
  • Tax relief - The country does not levy any taxes on global income.
  • The program’s restricted countries list guarantees a high level of integrity and international respect; making it an exclusive citizenship program for eligible investors.

Frequently Asked Questions

How “well-connected” is Antigua and Barbuda?

Often referred to as the “heart of the Caribbean,” Antigua and Barbuda is one of the most well-connected islands in the region. The recently opened VC Bird International airport is one of the most modern international airports in the Caribbean Isles and plays host to several major airline carriers.

What is the validity of my passport, and how can it be renewed?

An Antigua and Barbuda passport obtained by investment is valid for a period of 5 years. At the end of the first-term, applicants can further renew their Antigua passport for ten years without any additional charges. The only criterion for Antigua passport renewal is that the applicant must have stayed in the country for a minimum of 5 days along with completing their Oath of Allegiance process upon arriving.

Do Antigua and Barbuda have a tax residency program?

No, Antigua does not provide a tax residency program.

How is the biometric due diligence and vetting process of the applicants conducted?

Although there are no interviews, each applicant undergoes a rigorous screening process. The application, along with other details, is passed on to an unbiased third-party due diligence service provider who’ll conduct the background check on behalf of the CIU.

Am I eligible to live and work in Antigua and Barbuda with dual citizenship?

Yes, once an investor has obtained citizenship from the country through property investment or government donation, they acquire full residency status with the right to live and work anywhere in Antigua and other Caribbean countries.

Am I required to make another investment to renew my second passport?

Investors are not required to make additional investments when it’s time to renew their Antigua passport. To qualify for passport renewal, the investor must have stayed in the country for a minimum of five days over the last past five years.

How is the real estate market in Antigua and Barbuda?

The introduction of Antigua and Barbuda’s citizenship by investment program in 2013 has provided a huge boost to the country’s property market. Foreign investors are turning to Antigua not only due to the lucrative benefits that their passport offers but also because they want to own property in one of the world's premier tourist destinations. If you require investment advice concerning your citizenship application, get in touch with our consultants today!

Do I gain voting rights in Antigua and Barbuda upon receiving second citizenship from the country?

No, citizens who have gained nationality through Antigua and Barbuda's investment program do not have any voting rights within the country.

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