Citizenship By Investment – Antigua and Barbuda
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Citizenship By Investment – Antigua and Barbuda
Synopsis :
Antigua and Barbuda is an independent Commonwealth country comprising its 2 namesake islands and several smaller ones. Positioned where the Atlantic and Caribbean meet, it’s known for reef-lined beaches, rainforests and resorts. Its English Harbour is a yachting hub and the site of historic Nelson’s Dockyard. In the capital, St. John’s, the national museum displays indigenous and colonial artefacts.
Over 32,000 people live in the capital city, St. John’s. The capital is situated in the north-west and has a deep harbour which is able to accommodate large cruise ships.
With hundreds of beaches, year-round sunshine, and some of the most welcoming people you could wish to meet, Antigua and Brabuda is heaven on earth. You can make this popular holiday location the home of your dreams by applying to the Antigua and Barbuda Citizenship by Investment programme. Established in 2013, the scheme grants you citizenship in exchange for an economic donation to this celestial Carribean country.
Benefits of Antigua & Barbuda Citizenship Program
- Dual Nationality: No obligation to relinquish current nationality
- The ability to include the spouse and children under the age of 30 in the main application.
- The ability ot include the father, mother of both the applicant and/or spouse.
- The ability to pass one’s citizenship to future generations by descent as it is a first-class citizenship.
- No language requirements for residence or citizenship.
- No requirement to reside in Antigua & Barbuda, however, the holder of the nationality is required to visit the island for at least five days during the first five years after obtaining citizenship.
- Access to more than 139 countries with Antigua & Barbuda passport without the need to apply for a visa, including Europe’s Schengen area, the United Kingdom, Singapore and Hong Kong.
- Lowest tax rates and free trade environment.
- Ability to study in one of the most powerful universities in the world.
- Beneficial tax regime- you will not be liable to any income tax, capital gains or inheritance tax.
- Ownership of the 37th ranked passport in the world.
Investment Criterias
The non-profit National Development Fund finances government projects, public-private partnerships and other charitable investments in Antigua and Barbuda. Applicants can make a non-refundbale donation of USD 230,000 for a family of five or less persons. This contribution supports the country’s economic growth and development.
Qualifying real estate projects must be approved by the Cabinet upon receiving a recommendation from the Antigua and Barbuda Investment Authority (ABIA). Applicants must buy a property worth a minimum of USD 300,000 and commit to holding the real estate for at least five years.
The direct purchase of an eligible business for a minimum amount of USD 1.5 million as an individual. Alternatively, participate in a joint investment totalling at least USD 5 million (with each participant contributing a minimum of USD 400,000). This option is ideal for those looking to establish or expand their business in Antigua and Barbuda.
A contribution to the University of the West Indies Fund(UWIF). This option is only available to families composed of 6 or more persons and covers the costs of 1 year of tuition at the University of the West Indies for 1 family member only.
| Family of 6 persons | USD 260,000 (including Government Processing Fess for a family of 6) |
The following Government Processing fees apply to the NDF option, pre-approved real estate option, and business option.
| Family of upto 4 persons | USD 30,000 |
| Additional family members | USD 15,000 each |
Required Documents for Application
- Birth certificate of all applicants
- Colour copies of all passports held duly certified
- Marriage Certificate
- Clear criminal records
- A bank financial statement with proof of a legal source of income
- Medical examination (health certificate that it is free of diseases)
- CV and recommendation letters
- Diploma, Education Confirmation (for children over 18) from tertiary level institutions
Procedure
- The applicant prepares and submits their application along with the required documents to the Citizenship by Investment Unit (CIU) and pays the deposit.
- The CIU conducts thorough due diligence checks on all the applicants and their dependents to ensure they meet the program’s requirements.
- A mandatory virtual interview is required for all the applicants and dependents aged 16 and older. The interview is conducted by independent service providers in the applicant’s preferred language.
- Once the application is approved, the applicant will receive a notification from the CIU. Upon approval, the required Investment payment must be made.
- Upon approval and finalizing the payment, the applicant’s passport will be issued. The first passport is valid for 5 years, with subsequent passports valid for 10 years.
- During the first 5 years after obtaining citizenship, the applicant must take an oath of allegiance to Antigua and Barbuda.
- The applicant must spend at least 5 days in Antigua and Barbuda during the first 5 years of citizenship.
Timeframe
The timeframe for the completion of the process is approximately 8 months from submission of the application to issuance of the passport, assuming there are no areas of concern with the application.
The following basic fees apply to all investment options and shall be quoted at the time of application:
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Due Diligence Fees
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Bank Charges
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Bank Administrative Fees
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Passport Fees
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Professional Fees
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