Siotoh Global Mobility

Antigua and Barbuda Citizenship by Investment

The Antigua and Barbuda citizenship by investment was established by the Citizenship Investment Unit (CIU) in 2013 which entails a seamless process of obtaining citizenship by investment within a maximum of 3 to 4 months upon meeting necessary requirements. 

Antigua and Barbuda typically depend on tourism to increase the state of their local economy as it boasts of 365 different beaches among others. This means, you get to visit one beach each day and not have to repeat any for a period of one year. In addition, Antigua and Barbuda operates a British parliamentary system of government with the existence of constitutional monarchy. 

Through the Antigua and Barbuda citizenship by investment program, potential citizens can afford to become citizens by funding national development funds and/or be a part of a government-recognised investment sector like real estate development. Obtaining the Antigua and Barbuda citizenship by investment allows for citizens (investors), and their families of not more than four individuals, to travel to at most 150 countries and territories including Hong Kong, Singapore, Russia, the UK and the Schengen Area.

Antigua and Barbuda

THE ECONOMY OF ANTIGUA AND BARBUDA

A variety of revenue generation means exist in Antigua and Barbuda. However, the most popular is tourism. Antigua and Barbuda is known for beautiful beaches, colourful culture blends and historical sites. It draws to itself the tourism ambience from around the world due to its natural endowment. Tourism is the backbone of the economy as it contributes to 60% of the Gross Domestic Product (GDP) revenue, with a focus on reaching the international market such as the US, Canada and Europe as well as improving upon the nation’s foreign exchange earnings.

The financial sector is also an attractive industry in Antigua and Barbuda as it boasts of flexible banking, investment and insurance services. Agriculture and the manufacturing industries play vital roles in this country as it is blessed with sugarcane, vegetables and cotton, which helps in exportation and also contributes to revenue generation.

 THE ANTIGUA AND BARBUDA CITIZENSHIP BY INVESTMENT PROGRAM

Interestingly, the citizenship by investment program allows interested individuals to choose between four investment options. These options are non-refundable and they in turn boost the economy of the locals. They are:

  • Real estate investment 
  • National Development Fund
  • Business investment
  • The University of the West Indies Fund 

Citizenship by investment going by the real estate option requires a minimum investment of $200,000 in government-recognised real estate properties. However, this investment comes with a clause as the investor is expected to hold the acquired real estate property for at least a period of five years. Investors are required to pay the sum of $30,000 for a family of four or less and $15,000 for any additional dependent. Getting your Antigua citizenship by investment usually takes a period of three to six months, giving room for acquiring at least two citizenships within a period of one year. 

Investing in Antigua through the National Development fund requires a minimum of $100,000 for a single applicant with a family of up to four people including dependent children up to age 25 and parents aged 65 or more. An increase in the size of family attracts an additional $25,000, and an additional dependent beyond a family of four also attracts the sum of $15,000 per individual. A processing fee of $25,000 is required before obtaining the Antigua and Barbuda citizenship by investment through the National Development fund path.

The business investment package allows you to invest a minimum of $1.5 million to qualify. Alternatively, it is possible to gather a number of willing investors who will commit at least $400,000 to the project but with an overall minimum investment of $5 million. The cost of the processing fee varies as a family of four is required to pay $50,000, with $15,000 incurred payment per additional dependent. 

Obtaining citizenship by investment using the University of the West Indies Fund pathway is by far the easiest as it requires a philanthropic donation of at least $150,000. This donation will cover for a family of four and the potential citizen is sure to become a citizen of the country within a space of three to six months. This medium ensures that you are not only investing in the Caribbean but also to better elevate the educational sector of the country.

BENEFITS OF THE ANTIGUA AND BARBUDA CITIZENSHIP BY INVESTMENT PROGRAM

  • The Antigua and Barbuda citizenship by investment has a wide range of varying privileges. These privileges are:

    • Access to international business opportunities
    • Residency rights
    • Favorable taxation policies as there is no incursion of inheritance tax, capital gains tax, income tax or worldwide income, and wealth tax.
    • Visa-free travel to over 150 countries including the Schengen Area, Hong Kong, the UK and Singapore.
    • Family inclusion as citizenship can be extended to family members.
    • Possibility of a dual citizenship
    • Antigua and Barbuda can serve as a retirement destination.

REQUIREMENTS FOR THE ANTIGUA AND BARBUDA CITIZENSHIP BY INVESTMENT

Applicants who are seeking to become citizens of Antigua and Barbuda must meet these requirements:

  • Applicants must not be less than 18 years of age and must have a clear criminal record.
  • Approved applicants must live in Antigua and Barbuda for a minimum of 5 days which expands through the period of 5 years of being granted citizenship.
  • A thorough background check and due diligence will be conducted on intending citizens to prove their eligibility. 
  • A non-refundable donation of $150,000 to the University of the West Indies as philanthropic development funding which covers for a family of 6 or more persons. 
  • Interested individuals can contribute a non-refundable sum of $100,000 in support of the National Development Fund which covers for a single applicant with a family of up to four individuals. 
  • The individual must undergo a compulsory interview, after which the oath of allegiance will be taken by all successful applicants.
  • An investment of not less than $200,000 to acquire a real estate property which must be held onto for a minimum of 5 years from the date of acquisition.
  • Intending citizens are open to the option of business investment of at least $1.5 million or it can be distributed within interested individuals as a joint investment of at least $5 million with each individual contributing $400,000 or more to see to its actualisation.

REQUIRED DOCUMENTS FOR ANTIGUA AND BARBUDA CITIZENSHIP BY INVESTMENT

  • A valid marriage certificate (that is, if including a spouse as dependent)
  • Recognised health and medical certificates
  • Coloured passports
  • A recognised certificate of no criminal records, not older than three months.
  • Documents indicating the chosen investment option
  • Birth certificates (for all dependent family member)
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