With its stunning blue waters and beautiful coves, Antigua fascinated Admiral Nelson, pirates, and people who love sailing alike. It’s hard to leave the amazing beaches as their effect on you is mesmerizing.
You’ll easily notice an English influence all over the island. The capital city of St. John’s is busy and lively, and English Harbour is charming and magical. Although the island boasts well-preserved reminders of its colonial past, Antigua still has that Caribbean feel with its colorful villages, relaxed atmosphere, rum flavors, and friendly locals.
For entrepreneurs worldwide, Antigua is a great choice because it offers opportunities to manage wealth effectively. Antiguans don’t have to pay taxes on the money they make from anywhere in the world, and they don’t pay inheritance tax either. These benefits help protect and grow your wealth as a citizen of Antigua and Barbuda. With Antiguan citizenship by investment, you create a reliable safety net for yourself and your family. Recent events have shown that the future is unpredictable, and unexpected disasters can happen. With a second passport of Antigua, you’ll feel a lot more secure.
Antigua’s economy is growing quickly and doing better than many neighboring countries. This has made Antigua a major financial center in the Caribbean. The legal system, which is based on British Common Law, offers a safe and stable environment for investing, both in Antigua and globally.
Antiguan citizenship: access local CIP regardless of your birthplace
The Antigua and Barbuda Citizenship by Investment Program comes with numerous perks that make it an attractive choice for anybody no matter where in the world you come from. Among the best Caribbean islands to visit, the country boasts stunning beaches where you can partake in thrilling activities such as snorkeling, diving, fishing, sailing, and swimming with stingrays. With a well-connected airport and a modern terminal, traveling to and from Antigua is a breeze. In the capital city of St. John’s, you’ll find a bustling port filled with shops and restaurants. Yacht owners will appreciate the popular destination of Jolly Harbour and the historical significance of Nelson’s Dockyard.
By participating in the Antigua and Barbuda CIP, you can acquire a second passport in 4 to 6 months. What is more, you only need to spend a minimum of 5 days in Antigua within a 5-year timeframe to fulfill the program’s requirements. Holding an Antigua and Barbuda second passport grants you visa-free access to numerous countries, including popular destinations like the Schengen states, the UK, Ireland, and various South American nations.
One of the notable advantages of the program is that as an applicant you can maintain dual citizenship, retaining your original passport. This allows you to enjoy the perks and opportunities of both countries. Additionally, Antigua’s tax laws provide a significant benefit. If you spend at least 183 days in Antigua during the tax year, you are exempt from paying worldwide income tax.
Here’s how you can obtain CBI in Antigua: explore economic citizenship options available to you
Through its citizenship by investment program, Antigua and Barbuda offers a diverse range of financial options to obtain economic citizenship in the country, setting it apart from other Caribbean jurisdictions. These options come with the opportunity for you to obtain an Antigua second passport. Let’s take a closer look at them.
Affluent investors can become citizens of Antigua and Barbuda by making a non-refundable contribution of at least USD 100,000 to the National Development Fund (NDF). This investment grants them the highly desirable passport of Antigua, allowing visa-free or visa-upon-arrival access to more than 150 destinations worldwide, including popular places like Hong Kong, Singapore, the UK, and the Schengen Area.
A major advantage of the program is that you as an investor and your family members can obtain Antigua and Barbuda citizenship in next to no time. Usually, everything takes 3 to 4 months and you don’t need to physically visit the country. However, if the investor chooses to live in Antigua and spends a significant amount of time there, they can become a fiscal resident and benefit from the personal income tax exemption.
In addition to the choice of contributing to the national fund, the program provides 3 more appealing investment options. These include purchasing real estate with a minimum value of USD 200,000, investing at least USD 400,000 in an approved business venture, or making a contribution of USD 150,000 as a grant for the development of the University of the West Indies campus. The last option also grants the beneficiary the added benefit of 1 year’s tuition-free study at the university.
Antigua and Barbuda CIP: modern challenges
The citizenship by investment program in Antigua and Barbuda, along with similar programs in other countries, is currently facing challenges as members of the European Parliament push to end them.
European officials argue that these programs, including those in the Caribbean and elsewhere, are ethically, legally, and economically unacceptable. Members of the European Parliament are concerned about the potential risks these immigration routes pose to the security of the European Union.
In March 2022, EU authorities issued a warning, suggesting the possibility of removing visa-free access to the Schengen area for citizens of countries with similar programs. They are now demanding stricter standards for vetting applicants to address these concerns.
It is a powerful reason to speed up the process of obtaining economic citizenship in Antigua. You don’t want to miss this great opportunity!
In today’s world, dual citizenship and a reliable second passport are a must. It is your safety belt, so buckle up. Although not a universal remedy or a silver bullet, a second passport offers many advantages, including the freedom to visit popular places without visas, a better quality of life, and lower taxes. A convenient citizenship-by-investment program is one of the best and legal ways to achieve this goal, avoiding bureaucratic issues and long waiting times for approval. At International Wealth, we recommend you don’t wait to contact experienced industry professionals to make the best of the chosen CBI program. Act now not to be left behind!