This option is only available for a family of four persons or more, and participation in the UWI Fund entitles one family member to a one year scholarship at the University of the West Indies. Invest at least US$400,000 in a joint investment with another applicant, so long as the joint investment totals at least US$5,000,000. The Government of Antigua and Barbuda offers a generous tax legislation and an attractive business environment. Visa-free travel to 130 countries, including the Schengen area, UK, Singapore, Hong Kong, India, Russia, and others. The Antiguan government requires a notarized copy of the passport with an apostille. Together with the client, we decided on the Antigua and Barbuda National Development Fund Program as Mr. Bolanle Afolabi’s budget could cover it.” It is pretty challenging for Nigerians to get European visas.
If not they can apply as dependents but must pay dependent fees or under a separate citizenship application. After the citizenship process is complete, the program allows for the naturalization for the future spouse of the main applicant, the future spouse of any dependent children and the future children of the applicant’s dependent child. 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.
In an uncertain world increasing numbers of people are looking for the security of a second citizenship for themselves and their families. A second passport can provide increased freedom to travel internationally, peace of mind, as well as enhanced financial security. Several Caribbean island nations offer citizenship to eligible applicants including the island of Antigua & Barbuda. Upon submission of your application you will be asked to pay the due diligence fees and 10% of the government processing fee.
Visa-free travel to over 130 countries, including the UK, EU, Hong Kong and Switzerland. The country has struggled to recover from the effects of the global economic recession of 2009, but the Citizenship by Investment Program, discussed here, has been established to reduce public debt levels and spur growth. Whichever route you choose, when you invest in Antigua and Barbadu for second citizenships you’d have secured a safety net for yourself and your family should you ever feel the need to leave your home country.
Antigua & Barbuda Citizenship By Investment Our Guide To Securing Second Citizenship In Antigua & Barbuda
The country recognizes dual citizenship and provides applicants with a powerful second passport. Antiguan citizens are entitled to a number of benefits including visa-free travel to 150 countries, and amazing opportunities to establish businesses in the Caribbean. The additional expenses for dependents of Antigua citizenship by investments program are extra. You will get a passport valid for 5 years and you will have an option of renewing it after the five years. To renew the passport, you have to visit Antigua and Barbuda for around 5 days. The government introduced the University of West Indies Fund option after a cabinet decision.
The country has an established business infrastructure and an educated workforce. There is no age limit for children who are physically or mentally disabled. Parents, grandparents and in-laws 65 and older can be considered dependents too. Antigua and Barbuda is located work permit turkey in the heart of the archipelago of the Caribbean Islands. Validity of citizenship is not limited and is inherited, but every five years the passport should be prolonged. For two to four months, the trustworthiness of a person and the legality of his funds are studied.
Today, following its independence from Britain in 1981, Antigua’s key industry is tourism and related service industries. The next largest job-creating sectors are the finance services industry and the government. We can offer an insurance wrapper for the investment thereby providing tax freedom in your tax resident country. The Antigua government is highly supportive of ASA turkish citizenship by investment which is poised to be a significant economic driver for Antigua and Barbuda in a new industry. Our expert citizenship consultants will assist you in every step of your journey in making a successful investment in Antigua and Barbuda Sustainable Aquaculture. Often, legal experts need to be involved, who also charge high fees in addition to the statutory application fees.
The Antigua & Barbuda Citizenship by Investment Program enables qualifying investors to apply for full citizenship in exchange for a significant investment in the nation’s economy. There are several approved investment routes available to investors. Our guide covers all aspects of the program from eligibility requirements, investment options and application costs through to the benefits of citizenship. Antigua & Barbuda’s citizenship-by-investment program was established in 2012.
A Welcoming Caribbean Sanctuary
An investment of at least US$400,000 into one of the approved real estate projects and to be held for a minimum period of 5 years. Once your application is successful and you have received your passport, you must travel to Antigua & Barbuda to take your oath or affirmation of allegiance. You are entitled to take up full-time residence in Antigua & Barbuda at any time you wish. If you are someone who meets all the above-mentioned requirements, then you are eligible to apply for Antigua & Barbuda citizenship by investment. You can take the help of a trusted immigration consultancy firm to make this process a whole lot smoother and get that citizenship soon. By recognizing dual citizenship, Antigua & Barbuda is considered to be quite advantageous for business expansion and tax relief.
Taking an art class or becoming involved at a local gallery can be very fulfilling. 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.
Acquisition Of Antigua And Barbuda Citizenship By Purchase Of Real Estate
For an investment of US$150,000, a family of six is eligible to apply for citizenship. The investment amount includes processing and government fees, however customary due diligence fees do apply for each qualified dependent. In addition, one member of the family is entitled to a 1-year scholarship at the University of West Indies. Additional government processing fees are applicable for larger families. While the economic citizenship Antigua and Barbuda application is being processed, the investor’s initial funds are held in an approved escrow account until citizenship is approved in principle. If Antigua economic citizenship is not issued, the funds are returned minus any fees previously agreed on.
Presently, tourism accounts for more than half of the country’s gross domestic product, and for sure Antigua citizenship by investments program promotes as well the country’s economy. Additionally, you are required to make a non-refundable donation to the National Development Fund or make an investment in government-approved real estate projects. The Antigua and Barbuda Government launched the citizenship by investment program in 2013, making it one of the newer Caribbean programs. Once approved, foreign investors will be granted Antigua and Barbuda passports which will enjoy a 5-year validity period in the first instance. After that, a requirement of visiting the country for 5 days will be necessary to renew.
Antigua And Barbuda National Anthem
The island uses the East Caribbean Dollar and has access to an educated workforce of 95% English literacy. Tourism continues to thrive in Antigua and Barbuda, contributing to at least 60% of its GDP and accounting for 40% of investment in the islands. The Antigua and Barbuda CBI program began in 2012, and quickly became one of the strongest CBI programs in the world.
The high global rank that the passport of St. Kitts and Nevis enjoys by virtue of such profitable international affiliations enhances the appeal of the St. Kitts and Nevis citizenship. Economically, St Kitts and Nevis has one of the most thriving economies in the entire West Indies. Being located strategically close to the U.S. as well as Europe, it has promising trade opportunities.
If you’re an acknowledged citizen of the country, expect to enjoy a lot of tax advantages. For one, Antigua and Barbuda citizens are not required to pay capital gain and estate taxes. Plus, other taxes are considerably lower compared to other countries. However, it’s important to point out that some countries in the region greatly outperform others in attracting immigrants. One of these nations is Antigua and Barbuda, which is known in the international community as one of the countries with the best citizenship by investment programs.
Finally, a recent provision has passed protecting citizens established under the CBI program from losing their naturalization status due to COVID-19 restrictions. Suppose you are unable to travel to Antigua and Barbuda due to travel restrictions associated with the pandemic. While most of the citizenship-by-investment program regulations remain the same as they’ve been in years past, Antigua and Barbuda have updated a few key requirements for foreign investors seeking naturalization.
Applicants who choose this option will be required to make an investment of US$150,000 for a family of six or more. Over the first five years, citizens are only required to reside in the country for just five days. Antigua and Barbuda passport and citizenship certificate are issued to the applicant. Where a person proposes to make an investment in an approved business of at least US$ 1,500,000 on their own behalf. The timeframe for the completion of the process is approximately 3 to 4 months from submission of the application to issuance of the passport, assuming there are no areas of concern with the application. Once the application is approved, passports can be collected in Antigua and Barbuda or the applicant may visit an embassy of the office of any high commission or consulate of Antigua and Barbuda.
And a passport of the country with broader travel opportunities can help with that. Probably, five months were lost because of the lockdown, so the citizenship acquisition took up to six months after all. Then I shared this idea with my wife, we talked through it, and she encouraged me to reconsider my initial position. We sold some assets, started saving up for the program, and initiated the acquiring process a few months later.
The capital St. John’s is located on Antigua and there is an international airport located about eight kilometers from the capital city. One of the parents is a citizen of Antigua and Barbuda; Even if the child is born abroad. People born in the territory of Antigua and Barbuda will obtain the citizenship of Antigua and Barbuda, regardless of their parent’s citizenship.
This requirement is suspended due to Covid-19 travel restrictions until 31 August 2022. A minimum of USD 400,000 real estate property must be purchased and invested in government-approved shares. The investment must be kept for a minimum of 5 years and might be the case that investors should pay also some additional taxes and fees. Investors are not required to make additional investments when it’s time to renew their Antigua passport. To qualify for passport renewal, the investor must have stayed in the country for a minimum of five days over the last past five years.