citizenship By Investment


HIGHLIGHTS

  • Open to citizens of all countries with proven assets

  • Allows visa free travel to 130 countries including Canada, the United States, the United Kingdom, all Shengen countries of Europe, and Hong Kong

  • Program allows purchase of real estate valued at US$400,000, a business investment of US$1.5m or a donation of US$200,000 into the National fund

  • Processing takes 3-6 months maximum

  • Applicants only have to visit the country once for 5 days

  • The passport is valid for 5 years and can be renewed


THE COUNTRY

Antigua and Barbuda is a twin-island country lying between the Caribbean Sea and the Atlantic Ocean. It consists of two major inhabited islands, Antigua and Barbuda, and a number of smaller islands. The permanent population numbers about 81,800 (at the 2011 Census) and the capital and largest port and city is St. John's, on Antigua.

Tourism dominates the economy, accounting for more than half of the Gross Domestic Product (GDP). Antigua is famous for its many luxury resorts. Investment banking and financial services also make up an important part of the economy. Major world banks with offices in Antigua include the Royal Bank of Canada (RBC) and Scotiabank. Financial-services corporations with offices in Antigua include PriceWaterhouseCoopers.

Antigua and Barbuda taxes its residents on their worldwide income. Residents whose permanent place of abode is located in Antigua and Barbuda or residents who are physically present in Antigua for more than 183 days are subject to tax in Antigua and Barbuda. In other words, it’s possible to live a tax-free life in Antigua and Barbuda by making sure you’re not regarded as a tax resident.

Personal Income Tax is levied at graduated rates (expressed in Eastern Caribbean Dollar) as follows:

• 0% from EC$ 1 – EC$ 36,000 (tax exempt allowance),

• 10% from EC$ 36,001 – EC$ 180,000,

• 25% on income greater than EC$ 180,000

Antigua and Barbuda does not levy estate tax nor inheritance tax.

THE PROGRAM

Applicants are invited to make a US$200,000 contribution to Antigua's National Development Fund, purchase real estate value at US$400,000 or make a business investment of US$1.5 million, plus pay additional fees (see below for details), which qualifies the investor and their immediate family members to apply for citizenship and passport.

Typical processing time is 3 to 6 months.

These changes have now been made official:

- Contribution amount has been reduced from US$250,000 to US$200,000

- Government fees for first two children will be waived (up to US$100,000 in savings); and

- Residency requirement reduced from 35 days to 5 days in Antigua during the first 5 years of citizenship.

- Passports are couriered to the applicant or their representative, no need to travel to Antigua or its Embassy

- Simple contribution, no need to make any long-term investment

- Simple, streamlined application process

- No need for an exit strategy to sell an investment in 5 years

- No property taxes

- No income taxes (as opposed to 25% on rental income)

- No property transfer taxes

- No management fees

- No monthly association fees


PROGRAM FEES(USD)

Government Fees

Due Diligence

Passport

Principal Applicant

$50,000

$7,500

$300

Spouse

$50,000

$7,500

$300

Child 0-11

$25,000

-

$300

Child 12-17

$25,000

$2,000

$300

Child 18-25

$50,000

$4,000

$300

Grand Parent

$50,000

$4,000

$300



SETTLEMENT PROGRAM

Settlement in a new country is a very exciting period where immigrants learn about the new environment and local culture. It can also be a difficult time dealing with changes and the stress of settlement. Our affiliate in Antigua and Barbuda will work with each client and their family to identify their settlement goals, and help them use available resources to meet their settlement needs. Our affiliate may provide support for:

- Transportation on first day of client's arrival

- Getting settled in your community

- Find housing, see home and business purchase section below for further details

- Find childcare services and register your children in school

- Get information about government services, such as healthcare and social services

- Fill out forms and applications to access government programs and services


HOME AND BUSINESS PURCHASE

Our affiliate in Antigua and Barbuda has access to a network of high quality real estate agents and agencies, who may provide support for our clients to find housing based on their settlement needs and budgets.

In addition, our affiliate assists in the acquisition of readily established businesses. This might include researching purchase options based on the client's background and work experience, presenting options to the client, negotiating with the vendor on behalf of the client, preparing a purchase and sale agreement with the help of qualified lawyers, and executing the transaction.

For more details, please contact our office or complete an online enquiry form.