All would seem fine and dandy except for a few recent developments. . Finally, when it comes to visa-free travel, Antigua and Barbuda stands out as the most powerful Caribbean passport with a reach of 150 countries (and counting). They’re bound by their geography and small size. High Commissions & Consular Offices ; Antigua and Barbuda Passport; … But they do have a residency requirement for after you receive your passport: you’ll need to spend five days within a period of five years to maintain your citizenship. Section 112A of the Constitution allows Antiguan citizenship to be granted to persons born in Antigua on or before 31 st October 1981. Cocos Hotel and Keyonna Beach Resort are boutique hotels built on the west coast of Antigua Island. Antigua and Barbuda is an idyllic island nation that is popular among tourists for its sandy beaches and cerulean blue waters. : $400,000, or $200,000 each if two related parties make the investment. This really is the absolute minimum. Box W2074, St. George’s, Antigua. Donate $150,000 to the University of the West Indies Fund. 1. While Antigua and Barbuda’s CBI program doesn’t have a big advantage over other island states’ CBIs if you’re a solo applicant, the real appeal is for families. Only you can decide, but there are some obvious pros. The most up-to-date and official list of approved real estate investment options can be found. The investment: $400,000 invested in a local Antiguan business. During that time, you must visit and spend at least five days in the country to be able to extend the passport once it expires. , who are allowed to help you with the application process. All of your documents should have an apostille so that they can be legally used in Antigua and Barbuda. Cocos Hotel and Keyonna Beach Resort are not yet on the list of approved projects under the programme. While we value comments that add to the conversation, we reserve the right to edit or delete anything that is abusive, threatening, libelous, spammy, or is otherwise inappropriate. : $30,000 NDF processing fee (April 2020) for up to four family members. Life is idyllic n the two small Caribbean islands of Antigua and Barbuda. will be returned after 4 years in the form of dividends. The spa specialists provide Swedish and Thai body massages. No clear winner there. Antigua and Barbuda raised $98.9 million in 2019, which is just a bit more than a million shy of generating Antigua a billion dollars. There is no negating the fact that Antigua and Barbuda is one of the top holiday destinations in the world. immigration department of antigua barbuda passports, extentions, residency, visa, appointments, citizenship. Here’s a quick calculation of the total amount one would need to spend to apply and get an Antiguan passport. Lodge an application and only if you receive a passport will you have to spend five days in the country in five years to retain your citizenship. The hotel restaurant menu is a mix of West Indian cuisine and seafood dishes. . The real estate must be held for at least five years before it can be sold. All of the Schengen area, South Africa, Hong Kong, Brazil, and others. In other words, you’ll be making a donation that you won’t be able to recoup. The differences are really negligible in the grand scheme of things, but whether it’s speed or the amount of investment that you want to optimize for, you should know how Antigua and Barbuda compares with others. Visa-free travel has opened up numerous business opportunities for me in Europe and in South Africa.”, “After obtaining an Antiguan passport, I’ve been able to open up my business in Russia. The most up-to-date and official list of approved real estate investment options can be found here. Antigua’s resorts and Barbuda’s unspoiled beaches and nature attract over one million visitors a year. : $30,000 USD (April 2020) for a family of up to four people, with additional payments of $15,000 for each additional dependent. 1. Assuming an agent fee of $55,000, a family of six (2 adults, 2 teenagers, and 2 young children) applying for citizenship by way of donation will spend, 3. The citizenship by investment programme for Antigua and Barbuda provides a second passport to investors offering visa-free travel to over 160 countries including the UK, EU Schengen zone, Hong Kong and Switzerland. Antigua’s resorts and Barbuda’s unspoiled beaches and nature attract over one million visitors a year. Foreigners will be able to buy shares in hotels when construction starts. Antigua has recently expanded its main airport terminal, spending 45 million on three passenger jet bridges and 25 check-in counters. 2. And even though you ideally want to be looking for recoverable investment opportunities when you buy a second passport, that’s not likely in Antigua and Barbuda. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. The country has no capital gains, gift, wealth, inheritance, or real estate tax. Your name won’t be published anywhere nor will it be disclosed to any third parties, unless legally necessary. Keyonna Beach Resort is located on the southwest coast of Antigua Island and overlooks Turner’s Beach. It is the second best country after St Kitts in terms of passport power and visa free travel. There is no pre-passport residency required. If the hotels are approved, investors will be able to participate in the programme by buying shares in these hotels. A quick flight from North America and a longer one from Europe, the country really has plenty to offer to the foreign investor. Since Antigua and Barbuda is part of the Commonwealth, its citizens are entitled to certain privileges in the United Kingdom and its other member states. If you are a Commonwealth citizen who has lived in Antigua and Barbuda for 7 years in good standing you can apply for citizenship. Twitter. This has resulted in a tarnished reputation. Or perhaps you just care about its passport and the benefit that it would bring to both you and your family? You may only buy real estate that’s pre-approved by The Cabinet, which means that you’ll be looking at the overpriced luxury real estate segment. contact the experts at Immigrant Invest for advice. Our Turkish citizenship attorneys are ready to assist you to file for Antigua and Barbuda Citizenship Program. Want a passport to a place where Oprah Winfrey has her winter home? Google+ . Unless speed is of the absolute essence to you, in which case you should apply for citizenship by investment in Vanuatu (takes 1 month), all five of the Caribbean programs take 2-4 months (on paper) to get a passport in your hand. The investment: A one-time donation of $150,000 to the University of West Indies Fund (UWI). You can also invest in a pre-approved business to obtain your Antiguan passport. Cabinet Notes: The Cabinet has agreed to make amendments to the Residency Program as it now exists, in order to make it more attractive to foreign-born workers who may not wish to be citizens but who wish to reside in Antigua and Barbuda lawfully. This is the least expensive and most direct route to Citizenship by Investment. It’s totally up to chance if the islands will be hit during the annual hurricane season (July to October) and if they will be, how bad the damage will be. The total time it takes, from the lodging of your application to actually holding your passport in your hand is relatively quick, especially when compared to European CBI programs. No matter how you cut it, Antigua and Barbuda will never be able to level up to have a Tier A passport. So, what are the additional Antiguan passport fees? Only 1-2% of the applicants go for this option, for obvious reasons. Passport fee. After five years, the property can be sold and the investment can be repaid. Keyonna Beach Resort is located on the beachfront of Turner's Beach Source: keyonnabeachresortantigua.com, A night in a cottage with its own outdoor pool costs from $860 Source: keyonnabeachresortantigua.com, The hotel restaurant serves guests on an all-inclusive basis Source: keyonnabeachresortantigua.com. There are several options for investment to gaining citizenship in Antigua. This would mean that the traditional offshore tax havens lose some of their appeal and thus miss out on investment dollars. The Antigua and Barbuda passport is considered as one of the strongest in the Caribbean as it enables its holder visa-free access to some of the leading business hubs in the world, including the UK, Hong Kong, and Singapore. That’s because you can claim a spouse and up to two kids under the same investment fee of $100,000 (plus fees). It’s quintessentially Caribbean too, with rum factories, brightly colored villages, and friendly locals. Currently, the cost of such a residency program is US$20,000. passports are valid for periods of 10 years. The investor will receive dividends in 4 years, and the property must be owned for 5 years. The NDF is a fund that was established around 15 years ago to finance government projects that improve the lives of its populace. Owners of shares will receive dividends: the developer forecasts up to 8% p.a. If the domestic economy is lacking or overly reliant on one industry (e.g., tourism in the Caribbean), the government will seek foreign investment to diversify the ways they fill the country coffers. Incremental payments of $15,000 for each additional dependent. : $400,000 invested in a local Antiguan business. Visit 150 countries, including Russia, South Africa, and Central America. Живые разборы изменений и процессов оформления, Все о проверке на благонадежность при получении второго гражданства, Узнайте какие задачи решают наши клиенты получая второе гражданство, Antigua and Barbuda citizenship programme for investment. Effective May 2020, Antigua and Barbuda introduced a new donation option that is only available to families of six or more. . There is no negating the fact that Antigua and Barbuda is one of the top holiday destinations in the world. Under the terms of the programme, investors invest from $200,000 – the value of one share in an approved hotel. Established in 2013, the program was one of the first to offer an investment option of a donation to the National Development Fund, whereas other CBIs in the region had additional options to purchase real estate or invest in a local business. You’d be easily forgiven if you didn’t know exactly where the country of Antigua and Barbuda is located within the Caribbean. The dynamic is due to the islands’ popularity among tourists. Antigua and Barbuda is just one of several countries in the world that offer citizenship by investment, competing with many other jurisdictions for investment dollars. As a tiny island nation that’s at the whim of nature, both Antigua and Barbuda have been ravaged by hurricanes in recent years. Europe’s best holiday destinations according to the International Travels Awards 2020, Citizenship of St Kitts and Nevis: investing in real estate will become more secure in 2021, Investment is not enough: how to get new types of UK business visas in 2021, Portugal will raise the price of the golden visa, but you can still get a residence permit at the old price, Popular holiday destinations in 2021: The Caribbean’s best islands according to The Caribbean Journal, How to get a residence permit in Malta in 2021: new conditions for investors, Cyprus Investment Programme | Citizenship by Investment, Antigua and Barbuda Citizenship by Investment, Saint Kitts and Nevis Citizenship by Investment, Permanent Residence in Malta — Malta Residency & Visa Programme (MRVP), Residence in Switzerland Without Work Permit, Malta Global Residence Programme for Tax Optimization, Hungary Permanent residence by investment. We’re here to tell you how to invest in Antigua and Barbuda and get citizenship. Not only that, but they’ve become, Option A – National Development Fund (NDF), Invest or donate a specified amount of money to the country, The money has to be invested/donated in a way that’s specified by the CBI program legislation, A citizenship and a passport will be granted to you as a result, And even though you ideally want to be looking for. They’ve capitalized beautifully on their beaches, coves, and lagoons. 2. You can also work with an advisor, such as the Nomad Capitalist, to help you out with it all, without you having to lift a finger. It will then be issued for five years. So far, Antigua was the only CBI program in the Caribbean requiring a personal visit for 5 … Citizenship of Antigua and Barbuda for 2 months through investment or real estate. Antigua and Barbuda citizenship programme for investment Under the terms of the programme, investors invest from $200,000 – the value of one share in an approved hotel. Let’s discuss each of the three investment options and talk about the Antigua passport fees associated with them. The year of 2018 was by far the best one for Antigua’s CBI program, judging by application volume. Not only would you be able to travel to more than 150 countries visa-free, including all of the EU, most of Latin America, South Africa, Russia, Hong Kong, and the likes, Antiguan citizens are also Commonwealth citizens, which in itself has some benefits if you were to go to the UK. Antigua and Barbuda Citizenship by Investment. Although similar to other programs, such as St Lucia or Grenada, Antigua and Barbuda has an edge if you aren’t a solo applicant. Getting Antigua & Barbuda citizenship leads to diversified benefits, such as: • Ease in acquiring residency through simple requirements as low as 7 days annually. Even though you can’t live tax-free in Antigua and Barbuda if you choose to become a resident, the tax environment as a whole is quite favorable. Your email address will not be published. . Agent fee. Antigua and Barbuda is a country that consists of two small islands, and its citizenship by investment program is one of the newer ones in the region. This really is the absolute minimum. Over a million people – mostly Americans, Canadians, and Europeans – visit the country every year. The country has no capital gains, gift, wealth, inheritance, or real estate tax. It’s also put in further danger by the rising sea levels. The Citizenship Programme Department reported on the hotel expansion in the December issue of ” Antigua & Barbuda – The Citizen”. According to the latest CBI Index 2020, the annual CBI report from the Financial Times, Antigua & Barbuda’s seven-year-young Citizenship by Investment Programme delivers top scores in the Certainty of Product criteria, coming second only to Dominica and Saint Kitts, proving that when it comes to changing with the times, it really is on the CBI programme ball. Incremental payments of $15,000 for each additional dependent. You don’t have to live or even visit Antigua and Barbuda to obtain its passport. is not charged on income that’s generated outside of the country. All the CBI programs of small island states are under constant threat by major economic forces who’d like to eradicate all ‘tax havens.’ Don’t be surprised if Antigua and Barbuda is put on some other blacklist or gets their international banking services interrupted in some way. The total time it takes, from the lodging of your application to actually holding your passport in your hand is relatively quick, especially when compared to European CBI programs. You could get an Antiguan passport, enjoy its luscious beaches and luxurious resorts, and save a lot of money in the process too. The balconies of the cottages have sea views. A family of up to four members (2 adults and 2 children) can apply for citizenship under the same investment. The cottages are furnished with handmade furniture, including air-cushioned king-size beds. There are many reasons to choose the Antigua and Barbuda citizenship program. Antigua and Barbuda is the only country in the Caribbean that requires its new citizens to spend at least five days on the ground within five years after receiving a citizenship. Want to Enjoy Antigua and Barbuda Citizenship Like These Nomad Capitalists? The Citizenship by Investment Unit. The Antigua and Barbuda CBI program is also one of the few that not only allows for adult dependent children aged 18-26 to be included in the main application (if they are a full-time student), but it also allows for parents and parents-in-law of the main applicant to be added too (financially dependent, 58+ years old). Don’t forget to factor in flights to Antigua if you plan to retain your Antiguan passport for more than 5 years. At the same time, Antigua has held on ferociously to its position in the global CBI market and, we’re sure, will continue doing so for as long as they can. If you’re a high net worth individual, it’s really not worth spending much time considering if all you would save is $2,000 on one program versus the other. Get an Antiguan passport for as low as $100,000. Learn how your comment data is processed. On the contrary. Tables are set on the open veranda overlooking the beach, so guests can enjoy a picturesque sunset while dining. We aren’t yet sure what the OECD’s push for the eradication of “harmful tax competition” will do to the Caribbean CBI programs, but one thing is for sure: The current conditions that seem almost too good to be true won’t last forever. While other programs will tack on additional costs for every member of your family, Antigua lets a family of four apply for the same price – that’s a bargain. We give you deep insights into the pricing of Antigua… Limited by geography. With their corrugated coasts and coves that shelter 365 immaculate, The Antiguan program was established back in 2013 and it became one of the five such, They’ve since strengthened their program. There are five Caribbean citizenship by investment programs right now and they all look very similar. Assuming an agent fee of $40,000, a single applicant going the donation route will spend approximately, 4. . Known as the land of 365 beaches, the twin islands of Antigua and Barbuda boast of mesmerizing natural beauty. On top of that, the Antiguan passport is one of the most powerful in the Caribbean, allowing you to access 150 countries visa-free. That said, you shouldn’t wait too long if you want to get an Antiguan passport for yourself and/or your family. It will take approximately three months for the government to look into your application and decide on the outcome. Nations whose citizens are only accepted if they are residents of any other country: Afghanistan, Iran, North Korea, Somalia, Yemen, and Sudan. Eventually, most of them were re-listed for different reasons. 1. Dual Citizenship Antigua and Barbuda Allowed. If you would like to obtain a second passport for the Caribbean state, contact the experts at Immigrant Invest for advice. You’ll still get to keep the citizenship if you sell the real estate once the five years are up. 4. Antigua & Barbuda’s Citizenship by Investment Programme Launched in 2013, Antigua’s citizenship by investment programme requires a low-cost contribution option, a donation of US$100,000 (making it one of the cheapest worldwide and highly competitive with the other Caribbean CIP offerings. The Antigua and Barbuda Citizenship by Investment Program is one of the top-rated options for obtaining new citizenship and a second passport. It’s risky to invest in a country that relies only on tourism and foreign investment and can potentially be hit by a hurricane every year. However, you won’t automatically have the right to vote in elections. The Antigua and Barbuda citizenship by investment program remains one of the most popular in Caribbean. E-mail: info@cip.gov.ag. Surrounded by tranquil blue waters and dotted with sprawling beaches and verdant mountains, Antigua and Barbuda is an absolute treat to the eye. Antigua and Barbuda citizenship through Naturalisation as a Commonwealth citizen. The donation amount of Antigua and Barbuda was reduced to $100,000 back in 2017 as a way to raise quick capital for the hurricane-hit Barbuda. All island-states that offer CBI programs have been put on the EU’s Tax Haven Blacklist at certain points, with fears that they were ignoring the principles of transparency and refusing to share information. There is no requirement to attend an interview either. 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