In addition to these zones, factory owners may apply for permission to establish a bonded warehouse within their premises to which raw materials, used exclusively in the production of products for export, may be imported duty-free. The IEAT currently operates 14 estates, plus 45 more in conjunction with the private sector, in 16 provinces nationwide. Private-sector developers independently operate over 50 industrial estates, most of which have received promotion privileges from the Board of Investment. Amata Industrial Estate and WHA Industrial Development are Thailand’s leading private industrial estate developers. Most major foreign manufacturing investors, including U.S. manufacturers, are located in these two companies’ industrial estates and in the eastern seaboard region. The Industrial Estate Authority of Thailand , a state-enterprise under the Ministry of Industry, develops suitable locations to accommodate industrial properties.
If you are seeking visa-free travel options, contact us to discuss the Antigua and Barbuda Citizenship by Investment Program. In order to qualify for the program, you must have a high net worth, a clean bill of health, and no criminal record. Browse our eBooks and guides on Panama immigration, relocating to Panama, doing business in Panama and more. The project is a joint venture between Dutch design firm Studio Piet Boon and OBMI, one of the premier architectural outfits in the Caribbean.
Main Pros Of Having An Antiguan Passport
Serious investors can become eligible for citizenship and a passport through an investment in real estate exceeding USD $400,000. There are certain documents required to apply and complete the process of obtaining an Antiguan citizenship by investment. RCP is a leading independent immigration service firm, offering the best residency and citizenship by investment options in Europe. The scheme’s minimum investment amount ($100,000) is the world’s most affordable option for single applicants looking to obtain economic citizenship. Antigua and Barbuda passports are CARICOM passports that are issued to citizens of Antigua and Barbuda for international travel. They are biometric documents, ensuring a greater level of safety and facilitating cross-border procedures.
The controlled list is reviewed at least annually, but the price-control review mechanisms are non-transparent. In practice, Thailand’s government influences prices in the local market through its control of state monopoly suppliers of products and services, such as in the petroleum, oil, and gas industry sectors. The 2008 Life Insurance Act and the 2008 Non-Life Insurance Act apply a 25 percent cap on foreign ownership of insurance companies. Foreign boards of directors’ membership is also limited to 25 percent. However, in January 2016 the Office of the Insurance Commission , the primary insurance industry regulator, notified that Thai life or non-life insurance companies wishing to exceed these limits may apply to the OIC for approval. Any foreign national wishing to hold more than 10 percent of the voting shares in an insurance company must seek OIC approval.
How To Get The Antigua And Barbuda Passport And What Are Its Costs
Any family member under the age of 29 can study for a year at the University of the West Indies for free. A non-refundable contribution to the National Transformation Fund is the cheapest option available in the Antigua and Barbuda program for single investors and families of up to five people. Antigua and Barbuda has no tax on personal income, wages, inheritance or capital gains. Tax residents of the country do not pay taxes on dividends, interest or royalties.
Thailand is a member of the World Trade Organization and notifies most draft technical regulations to the Technical Barriers to Trade Committee and the Sanitary and Phytosanitary Measures Committee. However, Thailand does not always follow WTO and other international standard-setting norms or guidance but prefers to set its own standards in many cases. In October 2015, the country ratified the WTO Trade Facilitation Agreement, which came into effect in February 2017. Consistent and predictable enforcement of government regulations remains problematic. In 2017, the Thai government launched a “regulatory guillotine” initiative to cut down on red tape, licenses, and permits. The policy focused on reducing and amending outdated regulations in order to improve Thailand’s ranking on the World Bank “Ease of Doing Business” report.
Antigua and Barbuda recognizes dual citizenship, and does not require people to renounce their current citizenship when obtaining Antigua and Barbuda Citizenship. Antigua and Barbuda’s Citizenship-by-Investment Programme requires a minimum investment of US$100,000. By checking this box, I confirm that I have read and understood this requirement. Turkish staying permit Sign client agreement, complete government forms and provide supporting documentation. To find out more about the Antigua and Barbuda citizenship programme, view the official government website. The first way you can fulfil our Antigua and Barbuda citizenship requirements is by donation to a National Development Fund, starting from US$100,000.
Antigua and Barbuda Passport is a Commonwealth Passport that you can obtain within 4 to 6 months after you make the investment. For investment options, you can either make non-refundable contribution to the National Development Fund, or invest in real estate property. In order to protect foreign investors from fraud, government officials consider applications for Antigua and Barbuda citizenship by investment only through a third party, licensed agents.
If you have chosen to invest in a property or business, Imperial & Legal’s advisers will find a suitable property, prepare a sales agreement and find a reliable management company on the islands. Our immigration advisers say that standard application process usually takes from 3 to 4 months, but sometimes this process can take 6 months in case of unforeseen circumstances. Tax residents of Antigua and Barbuda pay no tax on income earned both inside and outside the country.
Your processing time may also be affected if more people apply to immigrate to Canada than we can bring in each year. Investing in certain instruments, including stocks, options, futures, foreign currencies, and bonds involve a high level of risk. The income you may get from online investing may go down as well as up. Caribbean CBI programs historically attracted mostly citizens from emerging nations. Since the pandemic, however, data from CBI specialist Henley Global shows a 204% surge in applications from US citizens, with strong growth also in applicants from Canada (47%), Australia (41%) and Britain (31%). “Investors from emerging and developed economies alike are seeking out alternative business, career, educational and lifestyle opportunities on a worldwide scale,” says Dominic Volek, group head of private clients at Henley Global.
Benefits Of A Second Antigua Passport
Once citizenship of Antigua and Barbuda has been granted, you will have the all of the same rights as any citizen. You will have the right to live and work in Antigua and Barbuda at any time. As Antigua and Barbuda is a member of CARICOM, you can also live in any other member nation. For more information about the benefits have a look at our benefits page or contact us so that we sort your options out for you and your family. Individuals can make a non-refundable contribution to the National Development Fund, invest in an approved Real Estate project or invest in an approved Business.
There is no shortage of artistic inspiration to keep the creativity flowing. Taking the time to enjoy something is a very important part of the vibe and culture of the islands. You may discover that you have a talent that never manifested itself before. For lovers of creativity, there is no shortage of artists and galleries on the islands. Ceramic artists, interior designers, painters, and more are all available on both islands. On any night you can hear the sounds of the islands emanating from many homes and businesses.
Far Horizon Capital Inc., and any associated company, is not engaged in the practice of law or tax. If you wish to receive a legal opinion or tax advice on the matter in this website please contact our offices and we will refer you to an appropriate legal practitioner. Use of our websites FlagTheory.com, Incorporations.io, Residencies.io, Passports.io, is subject to ourterms and conditions.
Thailand adopted its first national government procurement law in December 2016. Based on UNCITRAL model laws and the WTO Agreement on Government Procurement, the law applies to all government agencies, local authorities, and state-owned enterprises, and aims to improve transparency. Officials who violate the law are subject to 1-10 years imprisonment and/or a fine from Thai baht 20,000 to Thai baht 200,000 . Thailand has a legal framework and a range of institutions to counter corruption. The Organic Law to Counter Corruption criminalizes corrupt practices of public officials and corporations, including active and passive bribery of public officials.
Yes, once an investor has obtained citizenship from the country through property investment or government donation, they acquire full residency status with the right to live and work anywhere in Antigua and other Caribbean countries. There are many reasons to choose the Antigua and Barbuda citizenship program. From its bustling tourism industry, to its gorgeous beaches and relaxed style of living, the program has many advantages including visa-free travel to over 130 countries, flexible application requirements and tax freedoms.
English speaking and part of the Commonwealth (ex-British colony), Antigua and Barbuda thrives on tourism, which generates approximately 60% of its GDP. Over a million people – mostly Americans, Canadians, and Europeans – visit the country every year. We’re here to tell you how to invest in Antigua and Barbuda and get citizenship.
The law stipulates that all applications for repayment must be made within one month after the Bankruptcy Court publishes the appointment of an official receiver. If a creditor eligible for repayment does not apply within this period, the creditor forfeits his/her right to receive payment or the court may cancel the order to reorganize the business. If any person opposes a filing, the receiver shall investigate the matter and approve, partially approve, or dismiss the application.
You’re now able to apply for an Antigua and Barbuda passport and reap all the travel benefits involved. First-time passports of Antigua and Barbuda issued to economic citizens are only valid for five years. This is to ensure that proper checks are performed on whether the economic citizen has fulfilled the five-day residence requirement and travel requirement to complete the Oath of Allegiance in Antigua and Barbuda.
The amount will increase according to the number of dependents included within the same application. The NEF is a government fund that focuses on the improvement of the nation through approved charitable investments in public and private partnerships. Upon approval in principle of your application Turkish work permit you will required to pay the balance of the government-processing fee and your USD 100,000 contribution to NDF. Antigua is a member of the United Nations , the British Commonwealth, CARICOM and the Organization of American States , among many other international organizations.
Our specialized team works with you to collect, translate and notarize the official documents required. This is all while ensuring all documents adhere to Antigua and Barbuda government’s guidelines. In May 2020, the large family contribution was deducted from the fund for the University of West Indies.