Antigua and Barbuda has the most straightforward and transparent fee structure. Antigua and Barbuda Citizenship. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. Immigrant Invest is a licensed agent of the Antigua and Barbuda citizenship programme. 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. January 21, 2021. The dynamic is due to the islands’ popularity among tourists. You will get to enjoy your citizenship for life and the same goes for your children. Antigua and Barbuda Citizenship Legalixa Law Firm is a full service Turkish Immigration Law Firm with a long record of excellence and professional leadership in Istanbul, Turkey. The due diligence fee is charged for each family member above the age of 11 years as prescribed in the table below. 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. All of the island-nation investments also stand at around $100,000-$150,000. Once becoming a citizen, you must visit and spend 5 days in Antigua and Barbuda during the first five years. If you would like to obtain a second passport for the Caribbean state, contact the experts at Immigrant Invest for advice. Visit an Antiguan Embassy, High Commission or a Consular office to take an oath of Allegiance and physically receive your passport. A financial contribution is one of the primary qualifiers of applying under the CIP. Assuming an agent fee of $40,000, a single applicant going the donation route will spend approximately, 4. In other words, you’ll be making a donation that you won’t be able to recoup. There are several options for investment to gaining citizenship in Antigua. 2. The eligibility requirements have been listed down in the Antigua and Barbuda Citizenship by Investment Act 2013 & the Antigua and Barbuda Citizenship by Investment Regulations 2014. The investor will receive dividends in 4 years, and the property must be owned for 5 years. Income tax is not charged on income that’s generated outside of the country. Copyright © 2021 Immigrant Invest. : $400,000 invested in a local Antiguan business. The country has no capital gains, gift, wealth, inheritance, or real estate tax. To initiate the process, apply with your advisor or individually via an authorized agent. In December 2020, the list of approved projects includes 39 hotels and resorts. However, it’s geographic location spells out trouble – it comes in the shape of tropical storms. Direct flights to London, New York, Miami, and Toronto are available pretty much every day. ⤅ Antigua’s Citizenship by Investment Program, ⤅ Option A – National Development Fund (NDF), ⤅ Antigua and Barbuda Citizenship by Investment FAQs. 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. All of your documents should have an apostille so that they can be legally used in Antigua and Barbuda. All applications are subject to rigorous due diligence to ensure that only meritorious applicants are granted citizenship of Antigua and Barbuda. 3. Currently, there are four qualifying investment options: National Development Fund. Your second option is to invest in real estate. Incremental payments of $15,000 for each additional dependent. This option entitles one family member to 1-year scholarship (tuition only) at University of West Indies. 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. However, you won’t automatically have the right to vote in elections. No clear winner there. Antigua and Barbuda has a newly launched citizenship by investment program for investors who can directly acquire citizenship and passport by donation to a charity or through purchase of real estate. This really is the absolute minimum. The investor will receive dividends in 4 years, and the property must be owned for 5 years. There shouldn’t be any problem fulfilling this requirement, however. High Commissions & Consular Offices ; Antigua and Barbuda Passport; … Tier B passport. The program has been present in several countries including Cyprus, Montenegro, and St Lucia. 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. When you think about it, placing countries on a blacklist is an extremely efficient way for richer and more economically developed countries to coerce smaller countries to adopt higher tax rates. This was announced by Cabinet last week amending the 5 day requirement.. Iraqis are now eligible for Antigua & Barbuda… Antigua & Barbuda Citizenship by Investment Program… Second Passport: Most Affordable Citizenship by… SEE ALL POSTS. You don’t have to live or even visit Antigua and Barbuda to obtain its passport. Here is a complete list of licensed agents, who are allowed to help you with the application process. of the main applicant to be added too (financially dependent, 58+ years old). Section 112A of the Constitution allows Antiguan citizenship to be granted to persons born in Antigua on or before 31 st October 1981. In addition to the investment and the government fees that are applied to each of the three investment options, there are more fees tacked on each application – all for good measure. This means that the investor will receive an interest payment at least once, even if he sells his share as soon as the five-year period expires. An island paradise. From the day that the Certificate of Registration of Citizenship is issued, you will have 30 calendar days to finalize your investment and pay all the fees. Twitter. Ever since the price drop, the program has seen a surge of Chinese applicants who now account for nearly one-third of the applications. At the same time, the Antiguan passport is pretty similar to other Caribbean passports by investment, so you need to do your own due diligence and decide if it’s worth your while. As one of the newer (started in 2013) programs in the Caribbean, Antigua and Barbuda’s citizenship by investment program offers a direct route to dual citizenship that cherry picks the best aspects of older CBI programs in the Caribbean. If the hotels are approved, investors will be able to participate in the programme by buying shares in these hotels. Please note that only licensed agents can lodge applications on your behalf. They are designed specifically for romantic getaways: only couples can check into cabins overlooking the Caribbean Sea. 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’s Citizenship-by-Investment Programme (“CIP”) offers eligible individuals and their families the opportunity to obtain full legal citizenship and passports upon making a qualifying significant investment in Antigua and Barbuda. The real estate must be held for at least five years before it can be sold. There is no negating the fact that Antigua and Barbuda is one of the top holiday destinations in the world. 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There are no TVs or radios: the philosophy is for couples to enjoy each other’s company without distractions. Limited by geography. Life is idyllic n the two small Caribbean islands of Antigua and Barbuda. Dual citizenship for life. Those are some outstanding numbers. Citizens of the country can travel visa-free to 151 countries around the world, including Schengen states, the UK, Singapore and Hong Kong. The Antigua and Barbuda citizenship by investment program was discussed in Cabinet in August 2011 after Brian Dobbin and Kaline Kennard of Elmsbridge Property International and Citizens International; made a presentation to the cabinet members proposing the country create its own program modeled on St Kitts & Nevis program but with some key differentiators. On top of that, the Antiguan passport is one of the most powerful in the Caribbean, allowing you to access 150 countries visa-free. 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). About - History - … Cocos Hotel and Keyonna Beach Resort are boutique hotels built on the west coast of Antigua Island. And 2019 outdid it, offering a 66% year-on-year growth. What followed was somewhat of a price war, with each island-state trying to gain an edge and attract more investors. Tel: 1-268-481-8400/1/2. Assuming an agent fee of $55,000, a family of four (2 adults and 2 teenagers) applying for citizenship by way of donation will spend. Talk about island fever…. In return, you’ll be expected to make an economic contribution to the country. Citizenship by Investment in Antigua and Barbuda. Same stuff, different island – as the saying goes. Assuming an agent fee of $40,000 going the real estate route will have to pay a total of, Please note that only licensed agents can lodge applications on your behalf. In fact, you can get an Antiguan passport without ever leaving your home. The year of 2018 was by far the best one for Antigua’s CBI program, judging by application volume. Even though the islands thrive on luxury tourism, the ROI on investment properties won’t be huge. 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. Of course, there are also some cons to the Antiguan program. Quick passport. Cocos Hotel and Keyonna Beach Resort are not yet on the list of approved projects under the programme. Family is eligible for Antigua and Barbuda citizenship by investment application. 1. Government fees: $30,000 NDF processing fee (April 2020) for up to four family members. : $400,000, or $200,000 each if two related parties make the investment. The most up-to-date and official list of approved real estate investment options can be found here. There are certain documents required to apply and complete the process of obtaining an Antiguan citizenship by investment. Let’s discuss each of the three investment options and talk about the Antigua passport fees associated with them. Government fees: All processing fees are included in the $150k donation amount, but additional family members will require an extra $15,000 donation per person. Recognizing just how fragile their situation is, the Antiguan government has taken steps and made investment banking and financial services an important part of their country’s economy. Passport fee. 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. Think building roads, investing in education and the like. (Richard Branson, Oprah Winfrey and Eric Clapton all have purchased homes in Antigua… You can also invest in a pre-approved business to obtain your Antiguan passport. Thanks. No matter how you cut it, Antigua and Barbuda will never be able to level up to have a Tier A passport. All rights reserved. Usually, if a program lures you in with a lower ‘total investment,’ they will tack on higher processing fees. After five years, the property can be sold and the investment can be repaid. 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. Advantages of Antigua and Barbuda citizenship. 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. Landline: +971 (0) 4 430 1717 Mobile: +971 (0) 54 440 2955. By making a donation to the University of the West Indies, you can automatically qualify six applicants for citizenship. This has resulted in a tarnished reputation. Only you can decide, but there are some obvious pros. Your name won’t be published anywhere nor will it be disclosed to any third parties, unless legally necessary. 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. 1. Changes to one cause reverberations throughout the islands and others soon follow suit, trying to gain an advantage. 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. No matter how you cut it, Antigua and Barbuda will never be able to level up to have a Tier A passport. 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. Citizenship of Antigua and Barbuda for 2 months through investment or real estate. Incremental payments of $15,000 for each additional dependent. the entire application process, from your first considerations of the program to holding your new passport in hand. Donate $100,000 (plus fees) for up to a family of four. Want to Enjoy Antigua and Barbuda Citizenship Like These Nomad Capitalists? , who are allowed to help you with the application process. Or perhaps you just care about its passport and the benefit that it would bring to both you and your family? In the evenings, there are discos and live entertainment. If an investor invests from $200,000 and satisfies all the conditions, they receive an Antigua and Barbuda passport. 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. Look for businesses or real estate investments elsewhere – the world is full of opportunities. This site uses Akismet to reduce spam. It’s also put in further danger by the rising sea levels. Antigua and Barbuda Citizenship by Investment. While other programs will tack on additional costs for every member of your family, Antigua lets a. apply for the same price – that’s a bargain. 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 due diligence fee is charged for each family member above the age of 11 years as prescribed in the table below. A family of up to four members (2 adults and 2 children) can apply for citizenship under the same investment. Pinterest. Second, the threat from the OECD (Organization for Economic Co-operation and Development) and the EU is very real. Just been permanently reduced to US$100,000 Required fields are marked *. Due to similar concerns and fears that the due diligence on the CBI program applicants in Antigua wasn’t stringent enough, Canada has revoked the bilateral agreement. It’s the lowest amount that can get you an Antiguan passport and it’s one of the most affordable options for a family of up to four people in the world. There is no requirement to attend an interview either. 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. Facebook. 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. $30,000 USD (April 2020) for a family of up to four people, with additional payments of $15,000 for each additional dependent. 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. Life is idyllic n the two small Caribbean islands of Antigua and Barbuda. That said, you shouldn’t wait too long if you want to get an Antiguan passport for yourself and/or your family. They will differ in terms of their requirements, but they generally are as follows: Now that you’re up to speed with the very basics of what a citizenship by investment program entails, let’s have a gander at what Antigua and Barbuda have to offer, specifically. 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A $100,000 investment (plus fees) could get you or a family of four an Antiguan passport and open up plenty of opportunities globally. Citizenship of Antigua and Barbuda. Foreigners will be able to buy shares in hotels when construction starts. Want to make Antigua and Barbuda your home? The investment: $100,000 donation to the Antigua National Development Fund for a family of up to 4 people. Having gained its independence in 1984, this humble nation to this day remains a part of the Commonwealth. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. 4. You could have a second home there, with easy air connections to major hubs in North America and Europe. More Information. Although other Caribbean countries with CBI programs don’t have residency requirements, Antigua and Barbuda does. The Antiguan program was established back in 2013 and it became one of the five such programs offered in the Caribbean. . There are an on-site restaurant and two beach bars. The Antigua and Barbuda citizenship by investment program used to be one of the most expensive in the Caribbean, reflecting the high-end nature of the country’s properties. It will then be issued for five years. English speaking and part of the Commonwealth (ex-British colony), Antigua and Barbuda thrives on tourism, which generates approximately 60% of its GDP. Initially, Antigua and Barbuda had overvalued the worth of their passport, but the investment level was on-par with its Caribbean neighbors. You’d be easily forgiven if you didn’t know exactly where the country of Antigua and Barbuda is located within the Caribbean. Keyonna Beach Resort is located on the southwest coast of Antigua Island and overlooks Turner’s Beach. As a tiny island nation that’s at the whim of nature, both Antigua and Barbuda have been ravaged by hurricanes in recent years. Sure, the overreliance on tourism and a general lack of any other domestic industry can be seen as drawbacks, but they’ve done remarkably well compared to other Caribbean islands. Considerations of the Constitution allows Antiguan citizenship by investment application Antiguan program was established in. The first five years before it can be legally used in Antigua on or 31! In Caribbean could have a Tier a passport to enjoy each other ’ s CBI program, by! Is not charged on income that ’ s also put in further danger by the rising levels. If two related parties make the investment can be repaid its independence in,! Was established back in 2013 and it became one of the most up-to-date and list! Hotels when construction starts, High Commission or a Consular office to take an oath of Allegiance and receive! 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