Antigua and Barbuda Citizenship

Antigua and Barbuda Citizenship by Investment Program

Antigua and Barbuda’s Citizenship by Investment Program (CIP) offers individuals and their families a straightforward route to obtain second citizenship in a beautiful Caribbean nation. The program has become increasingly popular for those seeking global mobility, enhanced travel privileges, and access to a favorable tax environment. In August 2024, the government updated the pricing structure and requirements, ensuring the program remains competitive within the Caribbean's investment migration industry.

This guide will cover everything you need to know about the Antigua and Barbuda CIP, including investment options, eligibility, benefits, and the latest pricing information.

Key Benefits of Antigua and Barbuda Citizenship:

1. Visa-Free Travel: Antigua and Barbuda passport holders enjoy visa-free or visa-on-arrival access to over 150 countries, including the Schengen Area, the United Kingdom, Hong Kong, and Singapore.

2. Dual Citizenship: The country allows dual citizenship, meaning applicants are not required to renounce their original citizenship.

3. Minimal Residency Requirements: Antigua and Barbuda only require new citizens to spend five days in the country within the first five years of obtaining citizenship.

4. No Tax on Worldwide Income: Antigua does not impose taxes on foreign income, wealth, inheritance, or capital gains, offering a tax-friendly regime for global investors.

5. Family-Friendly: The CIP allows for the inclusion of a wide range of family members, including spouses, children, parents, and grandparents, making it ideal for multigenerational families.

Investment Options

Antigua and Barbuda offer several pathways to citizenship under its CIP, catering to different financial preferences. Below are the investment routes available under the updated 2024 guidelines:

1. National Development Fund (NDF) Contribution

The National Development Fund is a government-established fund aimed at financing public projects such as infrastructure, healthcare, and education.

- Contribution Amount:

- US$200,000 for a family of four (previously US$100,000)

- US$245,000 for families larger than four

- Additional Family Members: An extra US$25,000 is required for each additional dependent beyond the four-member limit.

This option remains the most cost-effective for individuals and smaller families seeking a streamlined process.

2. University of the West Indies (UWI) Fund

This option supports the regional educational system and provides an excellent opportunity for larger families. Additionally, it includes a scholarship for one member of the family.

- Contribution Amount:

- US$300,000 for a family of six or more, covering the main applicant and at least five dependents.

In exchange for the donation, one family member will be eligible for a one-year scholarship at the University of the West Indies.

3. Real Estate Investment

Investors have the option to purchase government-approved real estate, such as luxury resorts, hotels, or condominiums. This option is popular with individuals who prefer a tangible asset alongside their citizenship.

- Minimum Investment Amount:

- US$325,000 in an approved real estate project (updated from US$200,000).

The property must be held for a minimum of five years before it can be resold.

4. Business Investment

For investors looking to inject capital into Antigua’s economy, this option allows for a direct investment in an approved business venture.

- Minimum Investment Amount:

- US$1.5 million for a sole investor.

- US$400,000 for joint investors in a total business project of at least US$5 million.

This investment route appeals to high-net-worth individuals interested in contributing to Antigua's growing business sector.

Government Fees and Additional Costs

In addition to the required investments, applicants must cover various government fees, which differ based on the chosen investment route.

- Government Processing Fee:

- US$30,000 for families of up to four (covers NDF, UWI, and real estate options).

- For larger families, the fees increase depending on the number of dependents.

- Due Diligence Fees:

- US$7,500 for the main applicant.

- US$4,000 per dependent over 18 years old.

- US$2,000 per dependent under 18 years old.

- Passport Fees:

- US$300 per person.

Eligibility Requirements

To qualify for Antigua and Barbuda's Citizenship by Investment Program, applicants must meet the following criteria:

1. Age: The main applicant must be at least 18 years old.

2. Good Character: Applicants must have no criminal record and pass a stringent due diligence process.

3. Health: All applicants must be in good health and provide medical certificates to prove they do not have contagious diseases.

4. Financial Requirements: Applicants must meet the minimum investment thresholds outlined by the government and cover all associated fees.

Processing Time

The Antigua and Barbuda CIP is known for its efficient processing times. Once the necessary documents and fees are submitted, applicants can expect to receive citizenship approval within three to six months. The issuance of the passport generally follows shortly after the approval.

Conclusion

Antigua and Barbuda’s Citizenship by Investment Program remains one of the most attractive in the Caribbean, offering a flexible pathway to citizenship through a variety of investment options. With the updated pricing in 2024, the program continues to provide excellent value for individuals and families seeking a second passport and all the benefits that come with it.

Whether you are looking to make a significant real estate investment or prefer the simplicity of a donation, Antigua and Barbuda's CIP offers tailored solutions to meet a range of financial objectives, all while delivering the perks of citizenship in a vibrant, tax-friendly, and globally connected nation.