Have you wondered what it is like to live the Caribbeans? An Antigua and Barbuda passport opens doors to over 150 countries worldwide. Here, we will explore how to gain its passport through investment.
Whether you are a businessperson or a family looking for a second home, you can explore multiple investment options. So, let us explain the benefits of the Antigua and Barbuda investment migration program.
What is Citizenship by Investment in Antigua and Barbuda?
Citizenship by investment allows you to obtain a passport in Antigua and Barbuda. While at it, you also make a significant economic contribution to the country.
Antigua and Barbuda is a Caribbean island. It holds one of the world’s most attractive and affordable citizenship-by-investment programs. The program, which launched in 2013, attracts many foreign investors and helps stimulate the country’s economy.
How to Get Citizenship in Antigua and Barbuda?
Gaining citizenship in Antigua and Barbuda involves several crucial steps.
Step 1: Eligibility and Key Criteria
- Being of good character
- Having no criminal record
- Passing a thorough due diligence process
This background check is essential to ensure the integrity of the citizenship program.
Step 2: Application Process and Fees
Some of the requirements are:
- Submitting various documents, including proof of identity and financial stability
- Ability to cover the cost of the Antigua and Barbuda passport, including application fees and due diligence charges
Step3 : Processing Time and Residency Obligation
The processing time for citizenship applications is usually within three to six months. However, there is a residency requirement to maintain your citizenship status. In order to obtain citizenship, it is necessary to spend a minimum of five days in Antigua and Barbuda within the first five years.
Antigua and Barbuda Investment Program
Antigua and Barbuda welcomes global citizens. Four investment and contribution options of the Antigua and Barbuda program are as follows:
- The National Development Fund
- Real Estate Investment
- Business Investment
- The University of the West Indies Fund
The National Development Fund (NDF)
The National Development Fund (NDF) in Antigua and Barbuda presents a streamlined avenue. This option involves a non-refundable contribution to the nation’s development initiatives. The primary requirement is a minimum investment of $100,000 for a single applicant. The amount increases slightly for families.
Your application begins with a thorough background check. The aim is to ensure compliance with international standards. You can expect the process to be finalized within three to six months. To finalize your application, you need to submit the necessary documentation, including proof of investment, among others.
The Real Estate Investment
This investment program suits investors seeking both a tangible asset and global mobility. The requirement is a minimum investment of $400,000 in approved real estate properties. The investor is required to hold the real estate for at least five years. If you are looking for a tangible investment, this option is ideal. Plus, you will benefit from Antigua and Barbuda citizenship.
You will need to submit the usual documentation, including proof of your real estate purchase. The government’s approval process can take three to six months. It means that you could get an additional citizenship within half a year.
What benefits will you get by choosing this option?
- Gaining citizenship
- Investing in a property in a prime location
- Potential financial ROI
The Business Investment
Entrepreneurs and business-minded individuals can use this option to obtain citizenship. You can invest a minimum of $1.5 million in a business. One alternative is to invest in solely. Or, there will be a joint investment involving at least two persons totaling at least $5 million.
Business investment is ideal if you want to expand your business horizons. You will also secure the benefits of citizenship in a developing economic landscape.
You will need to provide proof of your investment alongside standard documentation. The process may take three to six months.
The University of the West Indies Fund (UWI)
Donating to the University of the West Indies (UWI) Fund blends philanthropy with global mobility. This donation is the right investment scheme, if you want to contribute to educational development. Once you donate $150,000, your application will also cover a family of up to four.
You must submit the necessary documentation, including proof of donation, and then wait around three to six months.
You will be investing in the future and the education of the Caribbean community. Your donation will directly support the University of the West Indies Fund.
Application for Antigua and Barbuda Citizenship
Here is the step-by-step application process for Antigua and Barbuda citizenship.
Choose Your Investment Program
First, decide on your investment route. As mentioned above, options include the national development fund, real estate, a business investment, or a donation to the University of the West Indies Fund. Each has specific requirements and benefits.
Gather Required Documentation
Next, compile the necessary documents. This includes a valid passport, birth certificate, police clearance, and proof of investment. Ensure all documents are up-to-date and accurately reflect your information.
Submit Your Application
Once you have your documents and investment ready, submit your application. Make sure that all paperwork is in order.
Due Diligence and Processing
After submission, your application undergoes a due diligence check. This is a critical step. There will be a verifying process for your background and investment. Expect this to take around three to six months.
Approval and Citizenship
If your application is successful, you will receive a notification of approval. Following this, you will complete any necessary investment transactions. Ultimately, you will receive your certificate of registration as a citizen.
Passport and Residency
As the final process, apply for your Antiguan and Barbudan passports. Remember the last step. You must spend at least five days in the country within the first five years of your citizenship.
What is the Cost of Antigua and Barbuda Citizenship?
Antigua and Barbuda offers various investment options, each with its specific cost structure for potential investors.
|
Investment Options |
Single Applicant |
Family of 4 |
Family of 5 or more |
|
The National Development Fund |
$100,000 + $37,500 |
$100,000 + $52,500 |
$125,000 + $67,500 + $15,000 per additional dependent |
|
Investment in Real Estate (Option 1) |
$400,000 + $37,500 |
$400,000 + $52,500 |
$400,000 + $67,500 + $15,000 per additional dependent |
|
Investment in real estate (Option 2) |
$200,000 + $37,500 |
$200,000 + $52,500 |
$200,000 + $67,500 + $15,000 per additional dependent |
|
Investment in real estate (Option 3) |
$200,000 + $37,500 |
$200,000 + $52,500 |
$200,000 + $67,500 + $15,000 per additional dependent |
|
Investment in Business (Single Investor) |
$1,500,000 + $37,500 |
$1,500,000 + $52,500 |
$1,500,000 + $67,500 + $15,000 per additional dependent |
|
Investment in Business (Joint Investment) |
$400,000 + $37,500 |
$400,000 + $52,500 |
$400,000 + $67,500 + $15,000 per additional dependent |
|
The University of the West Indies Fund |
$150,000 |
$150,000 |
$150,000 + $15,000 per additional dependent |
* All applications are subject to processing and due diligence fees.
Get passvisa: Who We Are and How We Can Help You
Get passvisa is a bespoke investment advisory firm. Contact us and talk to one of our experienced team members to help you with any and all your questions in your quest for Antigua and Barbuda Citizenship by Investment.
Benefits of Antigua and Barbuda Citizenship by Investment
Antigua and Barbuda citizenship opens a world of benefits. This program is not just a route to a new passport. It is an opportunity to enhance your global mobility as well.
Travel Benefits
As a citizen of Antigua and Barbuda, you gain visa-free or visa-on-arrival access to over 150 countries. The Schengen Area, the UK, Hong Kong, and Singapore are among visa-free destinations. This advantage makes international travel significantly easier and more convenient.
Economic Advantages
Antigua and Barbuda offers a stable environment and a growing economy. The country is attractive for business due to its low tax regime. Remember that there is no worldwide income, inheritance, or capital gains tax.
Lifestyle Perks
Antigua and Barbuda has beautiful landscapes, a warm climate, and a vibrant culture. As a citizen, you can enjoy a high standard of living. Also, you will have access to quality healthcare and education. The islands offer a sense of security and a relaxed pace of life. These make the country an ideal place for families and retirees.
Investment Opportunities
The citizenship by investment program itself presents various investment opportunities, whether in real estate, business, or contributions to national funds.
Visa-Free Travel and International Mobility
Antigua and Barbuda citizenship provides visa-free travel across a broad range of countries.
Visa-Free Travel Destinations
As a citizen, you can enjoy visa-free or visa-on-arrival access to over 150 countries. Imagine the ease of planning a last-minute business trip or a spontaneous holiday. This includes significant business and travel destinations such as;
- The United Kingdom
- Countries in the Schengen Area
- Singapore
- Hong Kong
Impact on Global Mobility
It means smoother travel for meetings, conferences, and networking events across continents. It also opens doors for exploring international markets.
Enhanced Business Opportunities
This mobility is a game-changer. It allows more accessible exploration of emerging markets and direct engagement with global partners and clients.
Personal and Leisure Travel
Travel freedom enriches personal and family life. You can explore diverse cultures, experience different lifestyles, and create lasting memories. For all these, there is no need to worry about visa restrictions.
Dual Citizenship and Legal Considerations
Antigua and Barbuda’s approach to dual citizenship is one of openness and flexibility.
Allowance of Dual Citizenship
Antigua and Barbuda allow dual citizenship. While you retain your current nationality you can also enjoy the benefits of Antiguan and Barbudan citizenship. This policy maintains your roots while expanding your global reach.
Legal Considerations
Holding dual citizenship comes with specific legal considerations. Stay informed about the laws of both countries regarding dual nationality. Some nations may have restrictions or specific requirements for citizens who hold another country’s passport.
Taxation Implications
Antigua and Barbuda offers a favorable tax regime. However, consider the tax laws of your other country of citizenship. Some countries tax global income, and it can affect your financial planning.
Financial Planning
Dual citizenship also opens up diverse financial planning opportunities. It allows for more flexibility in investment, banking, and business operations across borders. This can be particularly advantageous to diversify your assets and income streams.
Conclusion
We hope this guide helped show you the way to obtain citizenship by investing in Antigua and Barbuda. By getting your second passport, you will gain a multitude of opportunities, including visa-free travel and access to a tax-friendly regime.
Are you prepared to move forward? Let Get passvisa professionals help you start the process by guiding you on the available investment options.
If this guide has been helpful for you, you can also take a look at “Citizenship by Donation.”
Frequently Asked Questions
How long does it take to get citizenship in Antigua and Barbuda?
The process of obtaining citizenship in Antigua and Barbuda typically takes between 3 to 6 months. The Barbuda CBI program includes due diligence checks and processing of the citizenship application.
Is there income tax in Antigua?
No, Antigua and Barbuda do not impose personal income tax on their residents. This means income earned, both within and outside the country, is not subject to income tax, making it an attractive destination for investors and residents seeking tax efficiency.
Can I emigrate to Antigua?
Yes, you can emigrate to Antigua. There are various pathways, including through the Citizenship by Investment program or by obtaining a work or residence permit. The citizenship process and requirements vary depending on the method chosen.
What is the cheapest citizenship by property?
The cheapest citizenship by property option requires a minimum real estate investment of $400,000. This investment must be in government-approved real estate and held for at least five years.
How much is the immigration fee in Antigua?
The immigration fee in Antigua varies. It depends on the type of visa or permit you are applying for. For detailed and current fee structures, it is best to check government fees.
Can foreigners buy property in Antigua and Barbuda?
The answer is yes. As a foreigner, you can buy property in Antigua and Barbuda. Foreigners can own property without any restrictions. However, non-citizens need to obtain a Non-Citizen Land Holding License, which comes with a fee.
Is it cheaper to live in Antigua?
The cost of living in Antigua varies depending on lifestyle choices and location within the island. Generally, living costs can be higher compared to some countries due to the importation of goods. However, it can be affordable with local market choices and lifestyle adjustments.
Is Antigua safe to retire?
Antigua is considered a safe and stable destination for retirement. It offers a peaceful environment, beautiful scenery, and a warm climate, along with a relatively low crime rate.
What are the 2023 Updates to get Antigua and Barbuda Citizenship?
Antigua & Barbuda is a Caribbean has undergone some changes in 2023.
- Dependent children and spouses of the main applicant can also qualify for citizenship, without additional fees.
- For a family of four, the National Development Fund (NDF) now accepts a reduced minimum donation amount of US$100,000, down from US$200,000.
- For a single applicant or four family members, the minimum investment amount in real estate has been lowered from US$400,000 to US$200,000.
- Passport holders who applied for citizenship by investment need to show proof of a 5-day visit to Antigua and Barbuda to renew their passports.
How is the tax system in Antigua and Barbuda?
Antigua and Barbuda citizenship program is attractive for those looking to optimize their tax liabilities. Antigua and Barbuda’s tax system is a significant draw for investors. It is characterized by its investor-friendly policies. The country does not impose personal income tax on its residents. Income earned, both locally and internationally, is not subject to tax in Antigua and Barbuda.
