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. Eventually, most of them were re-listed for different reasons. It can be sold to another CBI program applicant, but, You may only buy real estate that’s pre-approved by The Cabinet, which means that y. ou’ll be looking at the overpriced luxury real estate segment. No clear winner there. That said, you shouldn’t wait too long if you want to get an Antiguan passport for yourself and/or your family. Here is a complete list of licensed agents, who are allowed to help you with the application process. Antigua and Barbuda is a country that consists of two small islands, and its citizenship by investment program is one of the newer ones in the region. No. As a result, they can obtain citizenship of Antigua and Barbuda for their entire families including children and parents. After five years, the property can be sold and the investment can be repaid. Antigua and Barbuda Citizenship. They are as follows: police certificate proving that you don’t have a criminal record, a copy of your passport, a marriage certificate, a birth certificate, and a few others too. will be returned after 4 years in the form of dividends. The cottages are furnished with handmade furniture, including air-cushioned king-size beds. Donate $150,000 to the University of the West Indies Fund. The islands have been functioning as an independent constitutional monarchy since 1981, with the Governor-General of Antigua and Barbuda … Antigua and Barbuda citizenship programme for investment Under the terms of the programme, investors invest from $200,000 – the value of one share in an approved hotel. (Richard Branson, Oprah Winfrey and Eric Clapton all have purchased homes in Antigua… You’d be easily forgiven if you didn’t know exactly where the country of Antigua and Barbuda is located within the Caribbean. There are many reasons to choose the Antigua and Barbuda citizenship program. How to obtain Antigua and Barbuda citizenship by investment. 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. You will have to pay 10% of the government fee (so $3,000 if you’re going the donation route) to start the application process. If you would like to obtain a second passport for the Caribbean state, contact the experts at Immigrant Invest for advice. However, it’s geographic location spells out trouble – it comes in the shape of tropical storms. The country has no capital gains, gift, wealth, inheritance, or real estate tax. Applicants and their families may obtain citizenship of Antigua and Barbuda in return for a meaningful contribution to the country. Each cottage has a veranda, and the luxury villas have a private outdoor pool built into it. The most attractive investment option in Antigua is the donation. Although the exact list of countries will vary and you can check the up-to-date official list here, you’ll be able to travel to approximately 150 countries without applying for a visa. The real estate must be held for at least five years before it can be sold. It’s $7,500 per adult applicant, $2,000 per dependent aged 12-17 (under 12s free), $4,000 per dependent aged 18 or older. Plus, there are other benefits of an Antigua and Barbuda citizenship: Visa-free travel to 150 countries. Invest $400,000 in a local Antiguan business. Advantages of Antigua and Barbuda citizenship. Keyonna Beach Resort is located on the beachfront of Turner's Beach Source: keyonnabeachresortantigua.com, A night in a cottage with its own outdoor pool costs from $860 Source: keyonnabeachresortantigua.com, The hotel restaurant serves guests on an all-inclusive basis Source: keyonnabeachresortantigua.com. Due to similar concerns and fears that the due diligence on the CBI program applicants in Antigua wasn’t stringent enough, Canada has revoked the bilateral agreement. If you’re a high net worth individual, it’s really not worth spending much time considering if all you would save is $2,000 on one program versus the other. Tier B passport. Quick passport. Section 112A of the Constitution allows Antiguan citizenship to be granted to persons born in Antigua on or before 31 st October 1981. Cocos Hotel and Keyonna Beach Resort are not yet on the list of approved projects under the programme. . In just 3 to 4 months, you could have an Antiguan passport at hand and start enjoying all the benefits that it brings. In other words, you’ll be making a donation that you won’t be able to recoup. A foreigner can buy a share, an apartment or a villa in a hotel and obtain Antiguan citizenship for the investment. Life is idyllic n the two small Caribbean islands of Antigua and Barbuda. A family of 4 can apply for the price of one. They’ve since strengthened their program. . Additional dependents at $25,000 each. The most up-to-date and official list of approved real estate investment options can be found. Here’s a quick calculation of the total amount one would need to spend to apply and get an Antiguan passport. A citizenship by investment program is something that’s created and run by a national government to attract investors to their country. Business investors will need to get their project approved. Cocos Hotel is located on the west coast of Antigua Island, next to Valley Church Beach Source: cocoshotel.com, Sunset View Cottages specially designed to enjoy Caribbean sunsets Source: cocoshotel.com, Cocos Hotel spa with sea views Source: cocoshotel.com. 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. First, Antigua’s worried that one of the program participants – now an Indian fugitive – could spell trouble for their CBI program. Dual Citizenship Antigua and Barbuda Allowed. Changes to one cause reverberations throughout the islands and others soon follow suit, trying to gain an advantage. Unless speed is of the absolute essence to you, in which case you should apply for citizenship by investment in Vanuatu (takes 1 month), all five of the Caribbean programs take 2-4 months (on paper) to get a passport in your hand. The rest is made up of Bangladeshi (8%), Libyan (7%), Russian (7%), Syrians (5%), Lebanese (5%), and others. Ten cottages will appear at Cocos Hotel and twenty lodges at Keyonna Beach Resort. Antigua’s resorts and Barbuda’s unspoiled beaches and nature attract over one million visitors a year. , you’ll be able to travel to approximately 150 countries without applying for a visa. : $400,000 invested in a local Antiguan business. All of your documents should have an apostille so that they can be legally used in Antigua and Barbuda. All villas have double beds with Egyptian cotton sheets, air conditioning, free Wi-Fi and a fridge. In December 2020, the list of approved projects includes 39 hotels and resorts. 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. Citizenship of Antigua and Barbuda Home page Passport of Antigua and Barbuda. Life is idyllic n the two small Caribbean islands of Antigua and Barbuda. Jovana is our lead R&D Associate at Nomad Capitalist. You’ll still get to keep the citizenship if you sell the real estate once the five years are up. Two hotels in Antigua and Barbuda are planning to expand in 2021. : $400,000, or $200,000 each if two related parties make the investment. Real estate investors will need to provide a sale agreement. You’ll be in good company in Antigua and Barbuda, one of the most luxurious and exclusive two-island-states out there. Contact Us. Required fields are marked *. Government fees: All processing fees are included in the $150k donation amount, but additional family members will require an extra $15,000 donation per person. With their corrugated coasts and coves that shelter 365 immaculate, The Antiguan program was established back in 2013 and it became one of the five such, They’ve since strengthened their program. However, you won’t automatically have the right to vote in elections. Those are some outstanding numbers. There are three options set out by the Antiguan government, but the reality is much simpler. It previously had granted Antiguan citizens visa-free travel to Canada, but it’s no longer the case. Currently, there are four qualifying investment options: National Development Fund. Cocos Hotel and Keyonna Beach Resort are boutique hotels built on the west coast of Antigua Island. contact the experts at Immigrant Invest for advice. Cocos Hotel’s 35 wooden cottages are situated on a picturesque cliff. Additionally, not many people want to live in Antigua and Barbuda on a permanent basis. Well, when most Caribbean states agreed to make changes to their financial sectors and CBI programs, they were taken off the blacklist, but only for a short while. All applications are subject to rigorous due diligence to ensure that only meritorious applicants are granted citizenship of Antigua and Barbuda. A one-off national donation Fund of US$100,000 to the Government of Antigua and Barbuda can be accepted. And 2019 outdid it, offering a 66% year-on-year growth. 1. 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. Foreigners will be able to buy shares in hotels when construction starts. Still, some people will choose this investment route and it breaks down like this. Copyright © 2021 Immigrant Invest. The citizenship by investment programme for Antigua and Barbuda provides a second passport to investors offering visa-free travel to over 160 countries including the UK, EU Schengen zone, Hong Kong and Switzerland. Learn how your comment data is processed. $100,000 donation to the Antigua National Development Fund for a family of up to 4 people. This really is the absolute minimum. Facebook. Want to make Antigua and Barbuda your home? It’s a beautiful country with gorgeous beaches and luxurious amenities to get you fully relaxed. Cabinet Notes: The Cabinet has agreed to make amendments to the Residency Program as it now exists, in order to make it more attractive to foreign-born workers who may not wish to be citizens but who wish to reside in Antigua and Barbuda lawfully. The Citizenship Programme Department reported on the hotel expansion in the December issue of ” Antigua & Barbuda – The Citizen”. Just been permanently reduced to US$100,000 Tables are set on the open veranda overlooking the beach, so guests can enjoy a picturesque sunset while dining. Not only that, but they’ve become, Option A – National Development Fund (NDF), Invest or donate a specified amount of money to the country, The money has to be invested/donated in a way that’s specified by the CBI program legislation, A citizenship and a passport will be granted to you as a result, And even though you ideally want to be looking for. And even though you ideally want to be looking for recoverable investment opportunities when you buy a second passport, that’s not likely in Antigua and Barbuda. So, how exactly do you get an Antigua and Barbuda citizenship by investment? It’s also put in further danger by the rising sea levels. The Antigua and Barbuda CBI program is also one of the few that not only allows for adult dependent children aged 18-26 to be included in the main application (if they are a full-time student), but it also allows for parents and parents-in-law of the main applicant to be added too (financially dependent, 58+ years old). The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success, 3 Tiers of Passports: How to Define the Best Passport in the World, How to Obtain French Citizenship By Descent. There are no TVs or radios: the philosophy is for couples to enjoy each other’s company without distractions. There shouldn’t be any problem fulfilling this requirement, however. Only 1-2% of the applicants go for this option, for obvious reasons. Otherwise, you won’t be able to renew your passport after it expires. They will be added when construction begins. However, you could potentially recover your funds after the holding period is up. (There are currently five countries in the region that offer citizenship by investment. . Dual citizenship is recognized in Antigua and Barbuda. Here is a complete list of. All subsequent passports are valid for periods of 10 years. On the contrary. Antigua and Barbuda, a beach a day, with 365 beaches is a common description for the beautiful Eastern Caribbean twin island paradise and its glorious weather all year round which has captured the hearts of celebrities all over the world as a second home, a few of which are Oprah Winfrey, Eric Clapton and Giorgio Armani. complete list of approved business investment opportunities. 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