ANTIGUA & BARBUDA
ANTIGUA & BARBUDA
The largest of the English-speaking Leeward Islands attracts with its mesmerizing beaches of the finest white sand and azure waters. Join the family of celebrities who chose the island as a place for winter houses and neighbor with Oprah Winfrey, Eric Clapton, and many more.
POPULATION 91,295
Population Growth: 1.25%
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GDP (per capita) 18,400 USD
GDP (purchasing power parity)
1.61 billion USD (2013)
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VISA FREE COUNTRIES: 124
LOCATION
Caribbean, Islands between the Caribbean Sea
and the North Atlantic Ocean, southeast of Saint
Kitts & Nevis
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CAPITAL
Saint John’s
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GDP
TIME DIFFERENCE
UTC-4
TOTAL AREA
442.6 sq. km
AGE DEMOGRAPHICS
0-14 years: 24.3%, 15-24 years: 16.8%, 25-54 years: 42.6%, 55-64 years: 8.9%, 65 years and over: 7.3%
LANGUAGE SPOKEN
English (official), local dialects
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RELIGIONS PRACTICED
Protestant 76.4%, Roman Catholic 10.4%, other Christian 5.4%, other 2%, none or unspecified 5.8%
GOVERNMENT TYPE
Constitutional monarchy with a parliament system of government and Commonwealth realm
CURRENCY
East Caribbean dollars (XCD), tied to USD
EXCHANGE RATE
1 USD = 2.7 XCD (2014)
Antigua & Barbuda
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Antigua and Barbuda has commenced its Citizenship-by-Investment Program since 2012, which aims at promoting economic growth, developments and increasing foreign direct investments to the country. To qualify for citizenship, investors must fulfill one of the four investment options below; either by making direct contributions to funds or investing in approved businesses or real estates.
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Why Antigua and Barbuda?
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“The largest English-speaking Leeward Islands with mesmerizing beaches, finest white sand and azure waters.”
Antigua and Barbuda is an independent Commonwealth state in the Eastern Caribbean. With approximately 365 beaches and clean turquoise waters, the lush tropical islands of Antigua and Barbuda are an inviting paradise constituting one of the most beautiful places in the world.
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Benefits
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Dual Citizenship
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Fast processing within 3-4 months;
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Inclusion of dependent children under 28, and dependent parents or grandparents over 58;
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No requirement to travel to Antigua and Barbuda during the application process;
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No interview, education or managerial experience required;
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Visa-free travel to more than 100 countries, including the Europe’s Schengen Zone, the UK, Hong Kong, Singapore, and more;
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No tax on worldwide income
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Eligibility
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Be of outstanding character;
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Hold no criminal record;
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Have excellent health;
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Have a high personal net worth;
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Reside in the country for a minimum of 5 days within the 5-year citizenship period.
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Minimum Investment Requirement
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There are four investment options under Antigua and Barbuda’s Citizenship-by-Investment Program, which are listed as follows respectively:
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Business Investment
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Apart from real estates, applicants may want to make an investment in approved businesses under the program. The contribution requirement is a minimum of USD1,500,000 for individual applicants, or a minimum of USD5,000,000 for a joint investment. The joint investment should be made by at least two investors, each contributing at least USD400,000 with the final sum adding up to USD5,000,000 eventually.
Real Estate Investment
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For those who opt for real estate investment, applicants are required to finance at least USD400,000 in an approved real estate development project and hold it for a minimum of 5 years. Joint investments are also possible in the event that two applications from related parties are made together. A minimum of USD200,000 will then be required from each applicant.
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National Development Fund
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The National Development Fund (NDF) is a non-profit fund established by the Prime Minister of Antigua and Barbuda for the purpose of funding government sponsored projects, such as public/private partnerships, approved charitable investments, or the promotion of sports and culture.
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Acquisition of citizenship under the NDF investment option requires a minimum contribution of US$100,000 per application. The main applicant may apply along with spouse, dependent children under 28 and dependent parents over 58 without the need to provide additional contribution, save for the necessary government processing and due diligence fees per person. Details of the contribution requirements are as follows:
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Main applicant: US$100,000
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Family of four or less: US$100,000
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Family of five or more: US$125,000
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University of West Indies Fund
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The University of the West Indies Fund (UWI) option is used for financing the university’s fourth landed campus. It is only available for families comprise of at least 6 members. A minimum of USD150,000 shall be invested into the fund, which will entitle one family member to a one-year tuition-only scholarship at the university.
Government processing fees and due diligence fees shall apply to all four options above. The proceeding for citizenship will take approximately three to 4 months, subject to the actual conditions for each application. Citizenship granted will be valid for a period of 5 years and is renewable provided that the applicant has stayed in Antigua and Barbuda for at least 5 days during the 5-year period.