Visit 150 countries, including Russia, South Africa, and Central America. Citizenship can be acquired by birth, descent or naturalisation. It will then be issued for five years. They all are very much the same. How much total for a family of four to get Citizenship in Antigua please? They will be added when construction begins. , you’ll be able to travel to approximately 150 countries without applying for a visa. Known as the land of 365 beaches, the twin islands of Antigua and Barbuda boast of mesmerizing natural beauty. All subsequent passports are valid for periods of 10 years. Antigua and Barbuda plans to reduce fees for its residency programme. It’s not an extremely restricted CBI program and all of the requirements are, You can’t be someone who’s under sanctions, restrictions or bans to enter EU countries, the United States, the UK or Canada, You must be able to confirm that the source of your income is legal and that you have enough money coming in to survive, You must not be a threat to the integrity and the safety of Antigua and Barbuda, It will take approximately three months for the government to look into your application and, From the day that the Certificate of Registration of Citizenship is issued, you will have 30. calendar days to finalize your investment and pay all the fees. You will obtain the right to live and work in the country. Antigua and Barbuda Citizenship by Investment program has gained popularity and solid reputation as one of the fastest growing Citizenship programs in the Caribbean. Want a passport to a place where Oprah Winfrey has her winter home? Only 1-2% of the applicants go for this option, for obvious reasons. Now that you know what the total costs involved might be, we’ll give you a rundown of what the process of applying for an Antiguan passport looks like. Ten cottages will appear at Cocos Hotel and twenty lodges at Keyonna Beach Resort. 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. High Commissions & Consular Offices ; Antigua and Barbuda Passport; … An island paradise. Spend just 5 days in Antigua in a 5 year period. It’s also put in further danger by the rising sea levels. Citizenship of Antigua and Barbuda Home page Relocate Antigua is equipped to guide you throughout the process of obtaining your citizenship through the Antigua and Barbuda Citizenship by Investment Program (CIP). As a tiny island nation that’s at the whim of nature, both Antigua and Barbuda have been ravaged by hurricanes in recent years. For the more active, they offer kayaking and scuba diving. Assuming an agent fee of $40,000, a single applicant going the donation route will spend approximately $177,800. 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. 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. Jovana is our lead R&D Associate at Nomad Capitalist. Currently, the cost of such a residency program is US$20,000. That’s because it requires the lowest amount of investment, even though you can potentially see a return on investment on your real estate or business. Passport of Antigua and Barbuda. The Antiguan program was established back in 2013 and it became one of the five such programs offered in the Caribbean. It’s a beautiful country with gorgeous beaches and luxurious amenities to get you fully relaxed. Favorable tax. No. Required fields are marked *. While other programs will tack on additional costs for every member of your family, Antigua lets a family of four apply for the same price – that’s a bargain. This site uses Akismet to reduce spam. There is no pre-passport residency required. When you think about it, placing countries on a blacklist is an extremely efficient way for richer and more economically developed countries to coerce smaller countries to adopt higher tax rates. 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. Живые разборы изменений и процессов оформления, Все о проверке на благонадежность при получении второго гражданства, Узнайте какие задачи решают наши клиенты получая второе гражданство, Antigua and Barbuda citizenship programme for investment. We can help you navigate the entire application process, from your first considerations of the program to holding your new passport in hand. During this time, they rent out the property and receive about 4% yield per year. 2. Don’t forget to factor in flights to Antigua if you plan to retain your Antiguan passport for more than 5 years. All of the Schengen area, South Africa, Hong Kong, Brazil, and others. Additionally, not many people want to live in Antigua and Barbuda on a permanent basis. After five years, the property can be sold and the investment can be repaid. of the main applicant to be added too (financially dependent, 58+ years old). Finally, when it comes to visa-free travel, Antigua and Barbuda stands out as the most powerful Caribbean passport with a reach of 150 countries (and counting). Essentially, Choksi had applied and was approved for citizenship before he became wanted for major fraud. Access and privileges in the UK. 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. The investor will receive dividends in 4 years, and the property must be owned for 5 years. Small ROI of investment properties. Antigua and Barbuda citizenship by Investment. The investment: $100,000 donation to the Antigua National Development Fund for a family of up to 4 people. Or perhaps you just care about its passport and the benefit that it would bring to both you and your family? You don’t have to live or even visit Antigua and Barbuda to obtain its passport. 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. And we don’t necessarily see this as a bad thing because it shows that Antigua wants its applicants to take the whole citizenship thing a bit more seriously. No residence requirement. Business investors will need to get their project approved. Government of Antigua and Barbuda. Still, some people will choose this investment route and it breaks down like this. On top of that, the Antiguan passport is one of the most powerful in the Caribbean, allowing you to access 150 countries visa-free. English speaking and part of the Commonwealth (ex-British colony), Antigua and Barbuda thrives on tourism, which generates approximately 60% of its GDP. “I thoroughly enjoy having an Antiguan passport. . , who are allowed to help you with the application process. Over a million people – mostly Americans, Canadians, and Europeans – visit the country every year. contact the experts at Immigrant Invest for advice. 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. Here’s a quick calculation of the total amount one would need to spend to apply and get an Antiguan passport. The hotels do not accept singles or families with children. Assuming an agent fee of $55,000, a family of six (2 adults, 2 teenagers, and 2 young children) applying for citizenship by way of donation will spend $285,800. $100,000 donation to the Antigua National Development Fund for a family of up to 4 people. Tier B passport. If you have a spouse and children, Antigua is the cheapest jurisdiction in the world to obtain a second (or subsequent) passport. Nations whose citizens are only accepted if they are residents of any other country: Afghanistan, Iran, North Korea, Somalia, Yemen, and Sudan. Investors will be able to buy shares in these hotels and receive dividends. There are five Caribbean citizenship by investment programs right now and they all look very similar. Think building roads, investing in education and the like. You’ll still get to keep the citizenship if you sell the real estate once the five years are up. The resort consists of wooden cottages overlooking the Caribbean Sea. Foreigners will be able to buy shares in hotels when construction starts. 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. Antigua and Barbuda has temporarily removed the 5 day visit requirements to renew passport under citizenship by investment program due to investors unable to travel to Antigua and Barbuda due to Covid-19 travel ban. It’s not an extremely restricted CBI program and all of the requirements are standard in the industry. Antigua and Barbuda citizenship by investment is well managed and has clear guidelines. You can acquire an Antigua and Barbuda passport by investment by either making a charitable contribution, investing in real estate, or establishing a business. Whatever fee you agree upon with the authorized agent or an agency, you’ll have to add it to the total cost of obtaining an Antiguan passport. The Antigua and Barbuda citizenship by investment program remains one of the most popular in Caribbean. Jeopardizing a major source of the country’s income, Mehul Choksi’s case has been in the news and has been putting investors off Antigua and Barbuda for a while now. Established in 2013, the program was one of the first to offer an investment option of a donation to the National Development Fund, whereas other CBIs in the region had additional options to purchase real estate or invest in a local business. The country has no capital gains, gift, wealth, inheritance, or real estate tax. 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. The hotel restaurant menu is a mix of West Indian cuisine and seafood dishes. You could have a second home there, with easy air connections to major hubs in North America and Europe. “The investment: $100,000 donation to the Antigua National Development Fund for a family of up to 4 people. Office: Pavilion Drive, Coolidge, P.O. Only you can decide, but there are some obvious pros. So, what are the additional Antiguan passport fees? But, as history shows, their ‘limited-time’ reductions in price usually become permanent. All of them are quite similar and compete closely with each other. So, if you are looking for the best overall cost-to-benefit ratio, we would strongly consider including an Antiguan and Barbudan passport in your passport portfolio. It doesn’t have an extensive history in this industry like, Antigua and Barbuda Citizenship By Investment Woes, Choksi is an Indian billionaire who is wanted for over $2 billion worth of fraud, India has requested that Antigua reveal Choksi’s whereabouts, Choksi has appealed to the country’s High Court to prevent extradition, Antigua PM Gaston Browne said they will revoke Choksi’s citizenship and extradite him when he “exhausts all of his legal options”, All island-states that offer CBI programs have been put on the, So, if you are looking for the best overall cost-to-benefit ratio, we would strongly consider including an Antiguan and Barbudan passport in your, 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. Antigua and Barbuda Department of Immigration Ministry of Foreign Affairs, International Trade and Immigration. The country is also an independent member of several international associations such as the OAS, UN, CARICOM, WTO and IMF. Usually, if a program lures you in with a lower ‘total investment,’ they will tack on higher processing fees. A quick flight from North America and a longer one from Europe, the country really has plenty to offer to the foreign investor. 4. Incremental payments of $15,000 for each additional dependent. Assuming an agent fee of $55,000, a family of six (2 adults, 2 teenagers, and 2 young children) applying for citizenship by way of donation will spend, 3. Investors can choose to contribute $100,000 to the … 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. This West Indies tourist hub established a Citizenship by Investment programme in 2013, following a voting by the Senate of the island.The Regulations regarding Citizenship by Investment in Antigua and Barbuda are contained in Section 6 of the Citizenship by Investment Act, 2014. Government fees: $30,000 NDF processing fee (April 2020) for up to four family members. Get an Antiguan passport for as low as $100,000. Let’s discuss each of the three investment options and talk about the Antigua passport fees associated with them. There are certain documents required to apply and complete the process of obtaining an Antiguan citizenship by investment. Plus, there are other benefits of an Antigua and Barbuda citizenship: Visa-free travel to 150 countries. Lodge an application and only if you receive a passport will you have to spend five days in the country in five years to retain your citizenship. A family of 4 can apply for the price of one. The investor will receive dividends in 4 years, and the property must be owned for 5 years. To qualify for Antigua and Barbuda citizenship by investments, citizens have to make $150,000 contribution to UWI fund: – USD 150,000 is the required amount for families for four or more people. Antigua and Barbuda Citizenship. 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. This includes a spouse, child who is less than 18 years of age, or a child of the main applicant or his/her spouse who is at least 18 years and less than 28 years of age, and is in full time attendance at a recognized institute of higher learning, and fully supported by the main applicant. 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. You will obtain the right to live and work in the country. A citizenship by investment program is something that’s created and run by a national government to attract investors to their country. 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. This really is the absolute minimum. Assuming an agent fee of $40,000 going the real estate route will have to pay a total of, Please note that only licensed agents can lodge applications on your behalf. The country joins St.Kitts and Nevis and Dominica where the citizenship program is already up and running. Under the terms of the programme, investors invest from $200,000 – the value of one share in an approved hotel. This is the least expensive and most direct route to Citizenship by Investment. Around 300,000 people come to the country every year for holidays, including celebrities such as football star Lionel Messi. The Antigua and Barbuda Citizenship-by-Investment Program offers an excellent solution for high-net-worth families seeking access to the European and Caribbean markets, as well as visa-free access to key Asian financial centers. So, the minimum $100,000 investment has stayed, making an Antiguan passport the cheapest one you can get for a family of four. Antigua and Barbuda Citizenship by Investment. Thanks. It’s also put in further danger by the rising sea levels. There is no requirement to attend an interview either. Otherwise, you won’t be able to renew your passport after it expires. Quick passport. There are no TVs or radios: the philosophy is for couples to enjoy each other’s company without distractions. Antigua & Barbuda’s Citizenship by Investment Programme Launched in 2013, Antigua’s citizenship by investment programme requires a low-cost contribution option, a donation of US$100,000 (making it one of the cheapest worldwide and highly competitive with the other Caribbean CIP offerings. 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. Access the UK as part of the Commonwealth and all the EU too. The Citizenship by Investment Unit. Talk about island fever…. Altogether, the investment in real estate in Antigua and Barbuda comes to $430,000. It previously had granted Antiguan citizens visa-free travel to Canada, but it’s no longer the case. Fees will be added for each person, but the principal investment of $100,000 remains the same, no matter how many people are in the family. Even though you can’t live tax-free in Antigua and Barbuda if you choose to become a resident, the tax environment as a whole is quite favorable. Antigua and Barbuda Citizenship by Investment. . You will get to enjoy your citizenship for life and the same goes for your children. As a result, they can obtain citizenship of Antigua and Barbuda for their entire families including children and parents. • Quick citizenship processing time (3 to 6 months only) than any other country. Although similar to other programs, such as St Lucia or Grenada, Antigua and Barbuda has an edge if you aren’t a solo applicant. That’s because you can claim a spouse and up to two kids under the same investment fee of $100,000 (plus fees). To initiate the process, apply with your advisor or individually via an authorized agent. It doesn’t have an extensive history in this industry like St Kitts and Nevis, for example. 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. Introduced in 2013, the Antigua and Barbuda Passport/Citizenship by Investment Programme is one of the world’s most innovative economic programs. Just been permanently reduced to US$100,000 All island-states that offer CBI programs have been put on the EU’s Tax Haven Blacklist at certain points, with fears that they were ignoring the principles of transparency and refusing to share information. We’re here to tell you how to invest in Antigua and Barbuda and get citizenship. Antigua & Barbuda is one of the most beautiful island nation in Caribbean with beautiful beaches and … To obtain citizenship of Antigua and Barbuda, you do not need to speak its official language or study the history of the country. Real estate is unlikely to appreciate a great deal. Facebook. Every person in your family who needs a passport will have to pay $300. Citizens of the country can travel visa-free to 151 countries around the world, including Schengen states, the UK, Singapore and Hong Kong. . So far, Antigua was the only CBI program in the Caribbean requiring a personal visit for 5 … when you buy a second passport, that’s not likely in Antigua and Barbuda. Cocos Hotel and Keyonna Beach Resort are not yet on the list of approved projects under the programme. Government fees: $30,000 NDF processing fee (April 2020) for up to four family members. All would seem fine and dandy except for a few recent developments. Antigua and Barbuda citizenship through Naturalisation as a Commonwealth citizen. They’ve since strengthened their program. An air conditioner, refrigerator and minibar provide relief from the heat in the cottages. . Eventually, most of them were re-listed for different reasons. 0 Comments. Does it make sense for you to invest in Antigua? The investment: $400,000, or $200,000 each if two related parties make the investment. No matter how you cut it, Antigua and Barbuda will never be able to level up to have a Tier A passport. . 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. It’s the lowest amount that can get you an Antiguan passport and it’s one of the most affordable options for a family of up to four people in the world. Contact Details. Known as the land of 365 beaches, the twin islands of Antigua and Barbuda boast of mesmerizing natural beauty. Here is a complete list of. The investor will receive dividends in 4 years, and the property must be owned for 5 years. The due diligence fee is charged for each family member above the age of 11 years as prescribed in the table below. In the evenings, there are discos and live entertainment. . At the same time, the Antiguan passport is pretty similar to other Caribbean passports by investment, so you need to do your own due diligence and decide if it’s worth your while. There are three options set out by the Antiguan government, but the reality is much simpler. You may only buy real estate that’s pre-approved by The Cabinet, which means that you’ll be looking at the overpriced luxury real estate segment. We tell you how to not only multiply your capital but also get a Caribbean passport. Participants in the citizenship programme own the property for a minimum of 5 years. The total time it takes, from the lodging of your application to actually holding your passport in your hand is relatively quick, especially when compared to European CBI programs. Surrounded by tranquil blue waters and dotted with sprawling beaches and verdant mountains, Antigua and Barbuda is an absolute treat to the eye. It’s risky to invest in a country that relies only on tourism and foreign investment and can potentially be hit by a hurricane every year. Sure, the overreliance on tourism and a general lack of any other domestic industry can be seen as drawbacks, but they’ve done remarkably well compared to other Caribbean islands. Each cottage has a veranda, and the luxury villas have a private outdoor pool built into it. There are an on-site restaurant and two beach bars. It will take approximately three months for the government to look into your application and decide on the outcome. All applications are subject to rigorous due diligence to ensure that only meritorious applicants are granted citizenship of Antigua and Barbuda. While other programs will tack on additional costs for every member of your family, Antigua lets a. apply for the same price – that’s a bargain. Here is a complete list of licensed agents, who are allowed to help you with the application process. Agent fee. The NDF is a fund that was established around 15 years ago to finance government projects that improve the lives of its populace. The due diligence fee is charged for each family member above the age of 11 years as prescribed in the table below. 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. Not only would you be able to travel to more than 150 countries visa-free, including all of the EU, most of Latin America, South Africa, Russia, Hong Kong, and the likes, Antiguan citizens are also Commonwealth citizens, which in itself has some benefits if you were to go to the UK. Once becoming a citizen, you must visit and spend 5 days in Antigua and Barbuda during the first five years. The total time it takes, from the lodging of your application to actually holding your passport in your hand is relatively quick, especially when compared to European CBI programs. 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. 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. Assuming an agent fee of $40,000, a single applicant going the donation route will spend approximately, 4. Getting Antigua & Barbuda citizenship leads to diversified benefits, such as: • Ease in acquiring residency through simple requirements as low as 7 days annually. All the CBI programs of small island states are under constant threat by major economic forces who’d like to eradicate all ‘tax havens.’ Don’t be surprised if Antigua and Barbuda is put on some other blacklist or gets their international banking services interrupted in some way. The program has been present in several countries including Cyprus, Montenegro, and St Lucia. Dual Citizenship Antigua and Barbuda Allowed. Those are some outstanding numbers. We give you deep insights into the pricing of Antigua… New to the world of buying a second passport? Effective May 2020, Antigua and Barbuda introduced a new donation option that is only available to families of six or more. (There are currently five countries in the region that offer citizenship by investment. Not many people choose to invest in real estate on the island and go for a donation to the government fund instead. Your email address will not be published. Don’t forget to factor in flights to Antigua if you plan to retain your Antiguan passport for more than 5 years. This has resulted in a tarnished reputation. So it all evens out in the end. Ever since the price drop, the program has seen a surge of Chinese applicants who now account for nearly one-third of the applications. Although other Caribbean countries with CBI programs don’t have residency requirements, Antigua and Barbuda does. 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