Citizenship by Investment: Why You Should Move to Antigua and Barbuda
On the twin-island nation of Antigua and Barbuda, life’s a beach.
Quintessentially Caribbean, Antigua and Barbuda is surrounded by crystal clear waters, miles of golden sand, and a rich colonial past. The allure of Antigua and Barbuda’s historical footprints and mellow lifestyle has brought many travelers to its shores.
But why just settle for a two-week getaway? Why not make the move permanently?
In recent years, new avenues have opened up, enabling individuals with a high net worth to obtain a citizenship by investment. In short, this grants high net worth individuals a fast track to citizenship status through a specified investment to the country.
For wealthy individuals, citizenship status on the twin island state provides an insurance policy, guaranteeing asset protection, risk diversification, and ease of movement.
If that isn’t enough to pique your interest to invest in Antigua and Barbuda, then consider the reasons below.
Ease of travel is determined by your passport. But, not all passports are created equal. Some of the richest nations in the world have incredibly limiting passports, resulting in weak traveling power.
According to the 2018 Passport Index, a global ranking of the world’s passports, Antigua and Barbuda rank in the 25th top percentile, ranking this small island nation above economic powerhouses like Russia and China.
Obtaining a second passport with Antigua and Barbuda allows you to breeze through customs visa-free in over 90 countries. This includes entry into the Schengen Area, the United Kingdom, and Hong Kong, among many others.
There are also many countries that will issue Antigua and Barbuda passport holders a visa on arrival, totaling nearly 140 countries Antigua and Barbuda citizens can travel to without the need to obtain a visa.
Imagine dipping your toes into crystal clear water in January. In Antigua and Barbuda, that dream can be a reality.
As a Caribbean country, this twin island state enjoys a tropical climate all year round. Typically, the average temperature in Antigua and Barbuda is 28°C (82°F). In the winter months, between December to March, average temperatures are still a pleasant 24°C (75°F).
A greater sense of community
Despite being seen as a tourist location by many travelers, Antigua and Barbuda has a strong sense of community. Its rich colonial past makes the country a cultural melting pot, providing a certain cultural flare that can be seen and felt through the country’s music, food, and way of life.
And a long list of local public holidays means you’ll get numerous opportunities to mix and mingle with the locals, all of whom are friendly, warm, and attentive to the community spirit.
English is the official language of this Caribbean country, making it a very comfortable place to integrate.
Strong economic profile
As a member of the Eastern Caribbean Currency Union (ECCU), Antigua and Barbuda is one of the most prosperous nations in the Caribbean.
Not only is it one of the most prosperous nations, but it is also a well-connected and key hub throughout the region.
TIn addition, this small island is host to a well-connected and modern airport. The VC Bird International Airport connects travelers and citizens with direct flights to global destinations like Europe and the Americas. It also serves as a key hub for regional flights throughout the Caribbean.
While tourism dominates the country’s economy, accounting for over half of the GDP, Antigua and Barbuda has diversified its economy, allowing the country to remain prosperous in the event of declines in tourism due to unpredictable weather or global economic recessions.
What was once an agricultural society now sees economic growth through manufacturing, financial services, telecommunications, and its recent Citizenship by Investment Program.
Low barrier to entry of investment
The country’s recognition of dual citizenship makes it an advantageous destination for wealthy individuals seeking investment and business opportunities. The investment options available to wealthy individuals all offer low barriers to entry.
One investment avenue available to high net worth individuals in through The National Development Fund (NDF). The minimum sum contribution to this non-profit fund is US$100,000 for a family of four. A family of five or more is required to contribute a minimum sum of US$150,000.
Wealthy individuals seeking to grow their real estate portfolio can choose the real estate investment option.
A minimum sum of US$400,000 is required to qualify for this option. By investing in government-approved Caribbean investment properties, foreign investors can reap the benefits of rental revenue and own their own home under the sun.
Investors can also qualify for the Citizenship by Investment Program through a government-approved business investment. Investing US$1,500,000 qualifies high net worth individuals into the citizenship program.
The path to Antigua and Barbuda citizenship
If you’ve been harboring dreams of one day living in the Caribbean, Antigua and Barbuda Citizenship by Investment Program offers a pathway to make that dream a reality.
While there are stringent rules and criteria that one must meet, working with qualified legal and accounting professionals will ensure your application is streamlined for approval. In no time, you and your family will be enjoying the country’s laid-back elegance and favorable living conditions.
Kaline Kennard is the co-founder of Citizens International, a white-glove specialist firm offering private client services necessary for citizenship investment into the Caribbean. Based in the Caribbean for the past 15 years, she is an experienced consultant who works directly with many professional partners and advises clients worldwide.