Antigua and Barbuda:
Citizenship by Investment
Antigua and Barbuda is an independent Commonwealth country situated in the Caribbean and forms part of the CARICOM. The nation is comprised of twin islands that are located between the Atlantic Ocean and the Caribbean Sea.
Antigua became a British Colony under the discovery of Christopher Columbus and was named after the church of Santa Maria de l’Antigua in Seville, Spain. The islands attained full independence on November 1, 1981.
The aim of the citizenship by investment (CBI) program is to generate foreign investment through capital and real estate investments and in exchange offer investors citizenship and a passport.
An Antiguan citizenship offers investors visa free travel to over 132 countries, including the UK, Canada as well as the Schengen zone countries.
Applicants and their families are granted full citizenship in exchange for either making an economic contribution to the country or investing in an approved real estate project, as set out by the Government.
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Visa free travel to 134 countries including the UK, Schengen Countries and Canada.
Citizenship and passport in 4 - 6 months.
No residence period.
Beautiful properties in 5 star resorts to choose from.
Freedom to sell property after 5 years.
Antigua and Barbuda is a tax friendly jurisdiction.
Citizenship and passport within 4 - 6 months
Caribbean Community (Caricom), United Nations, the Bolivarian Alliance for the Americas, the Commonwealth of Nations, WTO, Organization of Eastern Caribbean States, Organization of American States
Eastern Caribbean Dollar (EC$) – linked To USD
91 295 (2014 est.)
The Antigua & Barbuda citizenship program requires the investor to make an economic contribution to the country as well as meet certain other requirements.
Investors (and their families) who wish to apply for Antiguan citizenship by investment must meet one of the following two investment requirements:
1. Purchase of real estate with a minimum value of USD 400 000 in an approved real estate development, or USD 200 000 if purchasing a half share.
Evidence of ownership needs to be provided of a property purchased for a minimum of USD 200 000.
If the applicant opts for the real estate option, they may not sell the property within a 5 year period. After the 5 year period they are free to either keep or sell the property.
2. Donation to the NDF - Antiguan Government charity:
The required donation will depend on the size of the family:
USD 250 0000 for a single applicant
USD 300 000 for main applicant, spouse and two children <18
USD 50 000 for additional children <18
Antigua has reduced its costs for the donation option for a limited time to assist in their hurricane relief fund.
The Government of Antigua & Barbuda has announced a significant reduction in the National Development Fund donation amount required to qualify for the Citizenship by Investment Program. The new donation amounts are:
US$100,000 for a single applicant or a family of four
US$125,000 for a family of more than four members
We have not been advised how long the reduced donation option will be available for.
REQUIREMENTS FOR Citizenship
To qualify for citizenship, applicants must meet the following requirements:
The main applicant is required to be over the age of 18 years’ old.
The applicant will undergo strict due diligence and must not have a criminal record.
Be in excellent health and have a high personal net worth.
Once the passport has been received, applicants are required to visit Antigua for a minimum of 5 days over the coming 5-year period to renew their passport.
Antigua and Barbuda allow dual citizenship. The legal framework of the economic citizenship program allows for the investor and his/her family to obtain citizenship provided they follow the specified requirements. There is no residence period, the investor acquires citizenship and his/her passport directly. The application process takes 4 - 6 months.
TRAVEL AND BENEFITS
An Antiguan passport allows the holder to travel to 134 and spend a maximum of 90 out of every 180 days in any of the Schengen zone countries.
Some of the popular countries that an Antiguan passport allows the holder visa free travel to include: UK, Schengen zone and many of the Commonwealth countries.
Antigua and Barbuda allows dependent children under the age of 28 to be included in the application, provided they are unmarried.
Dependent parents over the age of 65 can also be included.
The Caribbean is a tax friendly jurisdiction and there is no inheritance or capital gains tax. Persons who are present for more than 183 days a year will be viewed as residents of Antigua & Barbuda and will therefore be subject to tax.
In 2005 personal income tax was reintroduced and the rate is between 10% - 25% on income above a minimum amount. Persons who are only in the country temporarily will only be taxed on income that is derived from or in Antigua and Barbuda. Changes to the Income Tax Act are expected which will change the income tax on worldwide income to only locally sourced income.
Antigua & Barbuda has a tax which is similar to VAT and is known as sales tax. This is a standard rate of 15% and is levied on local consumption. The business and corporate tax rate is 25% (of net profits). There are however tax breaks and concessions which are available to qualifying companies.
We highly encourage clients to meet with a professional tax consultant.
In addition to the real estate investment, the Government charges the following fees:
USD 50 000 - Government Fee – main applicant
USD 50 000 - Government Fee – spouse
USD 25 000 - Government Fee – dependent <18
Government Due Diligence Fees
USD 7 500 - Main Applicant / spouse
USD 2 000 - Dependent children (age <18)
USD 4 000 - Unmarried dependents (age >18, <25)
In addition to the donation, investors are required to pay government processing, due diligence and passport fees:
Government Processing fee
US$25,000 for family of up to four members, plus US$ 15,000 per each additional dependent
Due Diligence fee
US$ 7,500 for the main applicant
US$ 7,500 for spouse
US$ 2,000 for child 12-17 years old
US$ 4,000 for qualifying dependent over 18 years old
US$ 300 per person
In addition, professional fees will also be due. This will depend on the size of family and number of applicants.
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PROCESS AND TIMELINES
The Antigua & Barbuda citizenship by investment program adheres to very strict regulations and guidelines. The Citizenship-by-Investment Unit (CIU) is the government authority responsible for the administration of the citizenship program as well as processing all applications.
Before the submission of an application to the Government of Antigua & Barbuda, strict and comprehensive due diligence will be done and a medical certificate is also required to confirm that the family is in good health and not suffering from any serious or contagious illnesses. The CIU will examine the applications closely and may sometimes request an interview with the applicant, although this occurs rarely.
Once all steps and requirements have been achieved and the application is approved, the applicants can collect their passports. The passports can either be collected in Antigua and Barbuda or the office of any High Commission or Consulate, alternatively we can arrange delivery.
Antigua and Barbuda - Country Info
Antigua and Barbuda is an island nation in the West Indies, in the Leeward Islands in the Caribbean Sea. Antigua means ancient in Spanish and the island is named after Santa Maria de la Antigua in Seville, Spain. The island is also known as Waladli by the native population or as The Island of 365 Beaches as there are 365 beautiful beaches to visit.
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