Fax: 1-268-562-8431. If the domestic economy is lacking or overly reliant on one industry (e.g., tourism in the Caribbean), the government will seek foreign investment to diversify the ways they fill the country coffers. All rights reserved. Since Antigua and Barbuda is part of the Commonwealth, its citizens are entitled to certain privileges in the United Kingdom and its other member states. Real estate is unlikely to appreciate a great deal. You can also invest in a pre-approved business to obtain your Antiguan passport. Even though it might seem counterintuitive to make a donation as opposed to investing your money in a tangible asset, this route is by far the most popular when it comes to Antigua’s CBI program. Tel: 1-268-481-8400/1/2. E-mail: firstname.lastname@example.org. Every additional family member will add to that amount. An air conditioner, refrigerator and minibar provide relief from the heat in the cottages. More Information. Incremental payments of $15,000 for each additional dependent. How do we know that? That said, you shouldn’t wait too long if you want to get an Antiguan passport for yourself and/or your family. The country is also an independent member of several international associations such as the OAS, UN, CARICOM, WTO and IMF. Every person in your family who needs a passport will have to pay $300. During that time, you must visit and spend at least five days in the country to be able to extend the passport once it expires. It’s totally up to chance if the islands will be hit during the annual hurricane season (July to October) and if they will be, how bad the damage will be. Visit an Antiguan Embassy, High Commission or a Consular office to take an oath of. The donation amount of Antigua and Barbuda was reduced to $100,000 back in 2017 as a way to raise quick capital for the hurricane-hit Barbuda. The real estate must be held for at least five years before it can be sold. This will usually range from $40,000 to $70,000. . It could be an attractive option for those looking to recover all the money that they’ve invested if they can wait five full years. Effective May 2020, Antigua and Barbuda introduced a new donation option that is only available to families of six or more. Just like its neighboring island states, the country lets foreigners invest and manage their capital at a fraction of the cost than in the western world. Ultimately, it’s up to you to choose which route you want to go, but we strongly urge you to consider a donation to keep things simple. Want a passport to a place where Oprah Winfrey has her winter home? , you’ll be able to travel to approximately 150 countries without applying for a visa. It previously had granted Antiguan citizens visa-free travel to Canada, but it’s no longer the case. There are certain documents required to apply and complete the process of obtaining an Antiguan citizenship by investment. January 21, 2021. You can apply to become a citizen by investing in the country. Recognizing just how fragile their situation is, the Antiguan government has taken steps and made investment banking and financial services an important part of their country’s economy. (There are currently five countries in the region that offer citizenship by investment. This means that the investor will receive an interest payment at least once, even if he sells his share as soon as the five-year period expires. Notice: The Citizenship program of Antigua and Barbuda restricts nationals from Afghanistan, Iran, North Korea, Somalia, Yemen and Sudan from applying to the program. Antigua has built some of the most exclusive resorts in the world and Barbuda continues attracting people with its untouched and raw natural beauty, and fewer facilities as well. The investment: $400,000 invested in a local Antiguan business. It’s such a relief not to worry about getting a visa every time I need to travel there.”, “Antigua and Barbuda was by far the cheapest option to obtain a second passport for my family of three. Ever since the price drop, the program has seen a surge of Chinese applicants who now account for nearly one-third of the applications. On the contrary. They are designed specifically for romantic getaways: only couples can check into cabins overlooking the Caribbean Sea. : $30,000 USD (April 2020) for a family of up to four people, with additional payments of $15,000 for each additional dependent. The Citizenship Programme Department reported on the hotel expansion in the December issue of ” Antigua & Barbuda – The Citizen”. Advantages of Antigua and Barbuda citizenship. As one of the newer (started in 2013) programs in the Caribbean, Antigua and Barbuda’s citizenship by investment program offers a direct route to dual citizenship that cherry picks the best aspects of older CBI programs in the Caribbean. According to the latest CBI Index 2020, the annual CBI report from the Financial Times, Antigua & Barbuda’s seven-year-young Citizenship by Investment Programme delivers top scores in the Certainty of Product criteria, coming second only to Dominica and Saint Kitts, proving that when it comes to changing with the times, it really is on the CBI programme ball. Limited by geography. Landline: +971 (0) 4 430 1717 Mobile: +971 (0) 54 440 2955. They also offer aromatherapy and yoga classes. The rest is made up of Bangladeshi (8%), Libyan (7%), Russian (7%), Syrians (5%), Lebanese (5%), and others. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. 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