Obtaining a passport through the citizenship by investment programme allows an investor and their family to enjoy a number of benefits conferred by their citizenship. As a member of the Commonwealth the holder of an Antigua and Barbuda passport can enjoy visa-free travel to over 100 countries including the United Kingdom, Canada and all European Union Schengen countries. As well as the ability to travel freely and invest in a growing economy the citizenship will allow, but not require, an investor the ability to reside in Antigua for as long as they would like.
Due to the lack of significant foreign direct investment in Antigua and Barbuda, both islands remain relatively undeveloped compared to other Caribbean islands such as Barbados. The citizenship by investment programme offers significant opportunity for a developer wishing to capitalise on the programme by purchasing undeveloped areas of beachfront land for resort development. Antigua Estates represents a number of unspoiled greenfield sites ranging from three acres to over 1,000 acres in prime locations across both Antigua and Barbuda. The citizenship by investment programme includes real estate purchases, which can be individual residences, fractional ownership of residences or part ownership in hotel resorts, facilitating many routes for developer
The benefits of dual or multiple citizenship range from ease of movement where there is political and social unrest, where travel within or out of a country might be restricted, where personal and family security might be a concern to investment planning, to where an individual may need to transfer funds in order to reduce taxation and prepare for the future. Citizenship by Investment should be distinguished from residency programmes. Although many countries offer residency visas to investors and wealthy individuals there are few countries with provisions for granting Citizenship by Investment. Citizenship by Investment is the granting of citizenship status to an individual and their immediate family members contingent on a specific investment within the country granting the citizenship.
Several countries around the world levy tax on non-resident citizens. Alternative citizenship has therefore become increasingly important as an effective tool for international tax planning and reducing an individual’s potential taxation profile. Holding citizenship of two or more states, an individual will in general have more planning options as well as more privacy in banking and investment.
There are several possible routes including investment in a national development fund, real estate purchase and business investment. The real estate investment allows an investor to gain citizenship as well as own a revenue generating asset with potential for future capital gain. Contact us for a list of approved developments and property options.