Why do you need a second passport? Well, it’s just a matter of safety: you have an opportunity to relocate to your second home as a full-fledged citizen if something happens in your country of residence or in neighboring countries. The world is shaken by conflicts now, so the possibility of relocating is a must. Antigua and Barbuda offers one of the quickest and the most affordable citizenship-by-investment programs in the world, and this is a destination you will certainly like if you decide to live there!
If you want to read a detailed description of different Caribbean and non-Caribbean citizenship-by-investment programs, welcome to our portal. Take advantage of our extensive knowledge base of articles written by experts who know all the ins and outs when it comes to relocation, international banking and business, investment, asset protection, and much more. You can also book a session with our specialist to find out more details and choose the best destination to relocate your family or business at no charge. If you decide to use our services, we will help you overcome all the administrative barriers at a reasonable fee: in fact, you can become a citizen of Antigua and Barbuda without leaving your home!
Citizenship of Antigua and Barbuda: Main Advantages
Let’s look at the reasons why you should opt for Antigua and Barbuda:
- Get your passport quickly. The process of obtaining a passport is not very long if you compare it with the citizenship by naturalization procedure: you will only need 4 to 6 months to become a citizen.
- Obtain a strong passport. If you have a passport of Antigua and Barbuda, you will have access to 121 countries without a visa, including the UK, Schengen states, Ireland, and most South American countries.
- Excellent holiday destination. You will be a citizen of the beautiful Country of 365 Beaches as Antigua and Barbuda is also known. Come here to enjoy watersports and swim with stingrays. The second island, Barbuda, would be perfect if you like to enjoy solitude in the lap of nature.
- Dual citizenship. Dual citizenship is permitted in Antigua and Barbuda, which practically means that you will not have to renounce the passport of your current country of residence if it also allows dual citizenship.
- Transport connections. Antigua and Barbuda is a busy hub that has a large international airport to connect the Caribbean region to Europe and North America and a port in its capital, St. John’s, that can receive a few cruise ships at once.
- Low taxes for tax residents. Antigua and Barbuda is a low-tax jurisdiction like all the Caribbean countries. In particular, you will not have to pay personal income tax on your worldwide income if you are a tax resident of Antigua and Barbuda (that is, you live in the country at least 183 days a year).
- Perfect yachting. You can visit Jolly Harbour, a local port where private yachts and boats are parked, and villas and golf courses are located nearby. You will be able to look at stunning regattas with the participation of the world’s most beautiful and expensive vessels.
- Mandatory 5 days in the Caribbean paradise. We call it an advantage, but some people consider it a disadvantage… Tastes differ! Anyway, you will have to spend five days in Antigua and Barbuda in the first five years after receiving your new passport. We are sure you will enjoy it!
Sounds good? If you have any questions, do not hesitate to click on the above link to book a session with our expert!
Eligible Applicants
Here are the criteria you need to meet to qualify for the Antigua and Barbuda citizenship-by-investment program:
- The principal applicant is required to be at least 18 years of age
- The criminal record should be clean
- You need to provide a medical certificate that proves the absence of infectious diseases
- You should have enough assets to make investments
- You will need to take an oath of allegiance to your new homeland
The main applicant can include the following members in the application:
- Husband/wife
- Children under 18
- Children aged from 18 to 28 if they are dependent on the main applicant (supporting documents will be needed in this case, like a certificate of study at the university or the absence of family/children)
- Parents older than 58
The following countries are blacklisted, and their citizens are not eligible for the Antigua and Barbuda program:
- Yemen
- Iran
- North Korea
- Afghanistan
- Somalia
- Sudan
Investment Options
There are four options available.
Donation to the National Development Fund
If the main applicant is alone or the number of family members does not exceed 4, you will have to contribute 100,000 US dollars plus a processing fee of 30,000 US dollars. In the case of a larger family, you will have to contribute 130,000 US dollars plus a processing fee (30,000 US dollars) with 15,000 US dollars payable per each additional dependent.
Donation to the University of West Indies
If you have a six-member family, the most affordable offer is the investment in the University of West Indies: you will have to donate 150,000 US dollars plus 15,000 per additional member. As a bonus, one family member will get one free year of studies at the University.
Investment in Real Estate
You will have to buy real estate that costs at least 400,000 US dollars and keep it for five years before you can resell it. The property should be approved by the government.
Investment in Business
You can invest 1,500,000 US dollars into the local business project approved by the government. This amount can be reduced to 400,000 US dollars if you are an investor in a joint project with a total investment of 5 million US dollars.
Conclusion
The Caribbean authorities do not accept applications from individuals: they work with licensed agents instead. You can get in touch with our expert by following the above link, and we will tell you how to start the process of acquiring second citizenship – or help you choose a jurisdiction if you are not sure that Antigua and Barbuda is the best option for you. Make your first step without delay!