A SUCCESSFUL PROGRAM SINCE THE BEGINNING
The Citizenship by Investment Program of Antigua and Barbuda is one of the youngest British Antilles group in the region of the Western Caribbean. Just in 2013 it was adopted by the local parliament and in 2014 it could be implemented with excellent results for the country and for new citizens on the island, found in this second passport an attractive option for personal mobility and capital.
CITIZENSHIP BY INVESTMENT PROGRAM HAS THE FOLLOWING OPTIONS:
- Contribution to Antigua and Barbuda’s National Development Fund
A one-time (non-refundable) contribution of US $200 000 to fund was created by the Finance Administration Act of 2006 to fund government sponsored projects, including PPPs and other approved charitable investments.This contribution above mentioned amount covers the applicant’s spouse and dependants.
- Real Estate Investment
Only approved projects enable applicants qualify to obtain citizenship.
Required a minimum investment US$ 400 000 in a specific and approved area. This option allows for two or more applicants who have concluded sale and purchase agreements with the developer and can demonstrate that they possess the financial means to develop the project to qualify.
In this case there is a possibility that applicants for citizenship are beneficiaries of property rights through a non-profit company which in turn owns a property. Applicants should be the shareholder of the company, which is not an offshore entity under the law of Antigua and Barbuda.
Applicants who sell the real estate or the shares in the company owning the real estate will lose their citizenship and be permanently disqualified from future programme.
- The Cabinet of Ministers Provides exemption to the applicant for good and sufficient reason.
- Where at the same time They purchase another approved project or beneficial interest in a like company at least for US $ 400,000.
- If Applicants made other investments stipulated in the Citizenship by Investment Program (Business Investment or Donation).
- Business Investment
Before choice on this option, applicants should consult with the Antigua and Barbuda Investment Authority for approval of the investment. Only approved projects enable applicants to qualify to obtain citizenship. The minimum amount required is US$ 1 500 000 for a single applicant. When there are two persons or more who propose joint investment, the amount should be at least US$ 5 000 000.