Benefits And Requirements Of Applying For Antigua & Barbuda Citizenship!
Update Antigua And Barbuda Citizenship By Investment Program A New Path To Acquiring Citizenship
Modifications have been made to the requirements for potential citizens to ensure that the process continues to be a smooth one given the closure of multiple business places globally. The ever dedicated staff of the Unit continues to assiduously process applications, completing applications in as little as six weeks. The Unit continues to encourage potential applicant to submit applications and has even made changes to its investment offerings to maintain its competitive edge.
The prepared package of documents is sent to the Antigua and Barbuda government department dealing with citizenship by investment. This includes examining the investor’s documents and checking information about them and their family in international databases. All family members over 12 years old must undergo the Due Diligence check. In order to prepare the applicant for the Due Diligence check that will be carried out by the relevant government department, Immigrant Invest conducts a preliminary check of its own. It helps identify the risk of the application for citizenship by investment being rejected and find alternative solutions when required.
Eligibility To Apply For Antigua And Barbuda Citizenship Program
If you also plan to move to Antigua and Barbuda permanently, we can be the right partners. At Premiers Consultants, we are one of the largest and most trusted Antigua and Barbuda immigration consultants in the UAE. We have expertise and experience to guarantee success and we will provide you with all the assistance you need in migrating to Antigua and Barbudafrom Dubai or anywhere in the UAE. Your family’s Antigua and Barbados passport are typically issued in 3 to 4 months. Study the application, sign the retainer agreement, prepare tailor made list of documents and application preparation. The islands are promoted as luxurious Caribbean escapes, and whilst tourism is the major source of income for the islands generating over 60% of its wealth, the region also relies on agriculture to sustain the domestic market.
During 2009 and 2010 Antigua saw negative growth but this has now returned to positive growth in 2011 with projected increases for 2012 and 2013 of 2.5% . Tourism is the largest industry sector accounting for nearly 60% of GDP and 40% of investment. Antigua is the sixth wealthiest Caribbean country on a per capita basis. Sending the documents to the Island where the lawyer will check the papers for the last time before submitting the application to The Antigua and Barbuda Citizenship-by-Investment Unit . The direct purchase of an eligible business for a minimum amount of USD 1.5 million as an individual. Alternatively, a joint purchase where each person contributes at least USD 400,000 totaling a minimum of USD 5,000,000.
Disadvantages Of Obtaining The Citizenship And Passport Of Antigua And Barbuda
Antigua and Barbuda’s citizenship program has a robust and multi-tiered due diligence process that ensures it is globally trusted and respected. What’s more, it grants those on the program visa-free travel to more than 150 countries, including the UK, the Schengen Area, Hong Kong, and Singapore. Unlike other naturalization programs that take years to conclude, the application processing for citizenship by investment in Antigua can be done in six months or less. Plus, you don’t have to live in or travel to the country frequently during the processing of your application; you only need to visit at least five days within five years of the approval of your application to maintain citizenship status. This option allows investors to receive citizenship following the investment of $1.5 million USD into an approved business in Antigua.
We explored, scuba-dived, kayaked, enjoyed seafood, and met wonderful people. The Migronis team had all the answers I was looking for, so I was pretty sure what I would get for the money paid. It was helpful to have a person with me all the way long, right to the end of the process. Still, we only succeeded in relocating our children while staying in our country right up to retirement. Prospects for economic growth in the medium term will continue to depend on tourist arrivals from the US, Canada, and Europe and could be disrupted by potential damage from natural disasters. The new government, elected in 2014 and led by Prime Minister Gaston Browne, continues to face significant fiscal challenges.
Those that are successful in acquiring an economic passport in Antigua will likely find that it is easier to travel freely to many different countries. Antigua and Barbuda passport holders can travel to France, Switzerland, Germany, Spain, the UK, Italy, and many other European countries without requiring a Schengen Visa. Before 2017, Antigua economic citizenship used to offer visa-free access to Canada, which the investment citizenship programs in St Kitts and Nevis, Dominica, Grenada and St Lucia did not.
By the way, the authorities of two more Caribbean countries ask a similar amount for their economic citizenship. Antigua & Barbuda citizenship program offers one of the strongest passports in the world allows you to visa-free Turkish citizenship 250.000 USD travel to more than 140 countries including, the EU, the whole Schengen, UK, Hong Kong, and Singapore. The total cost will be made up of the investment, and then other fees relating to the processing of the application.
From 1 April 2020, these nationals irrespective of where they live will be allowed to apply for citizenship by investment. Once approved, foreign investors will be granted Antigua and Barbuda passports which will enjoy a 5-year validity period in the first instance. After that, a requirement of visiting the country for 5 days will be necessary to renew. Here the full list of visa free countries and territories for Antigua citizens and passport holders. Only available to families of six or more, The University of West Indies donation starts from $150,000.USD with an additional fee of $15,000.USD per dependent over 6 years of age. Antigua & Barbuda citizenship benefits will provide peace of mind in an every changing world.
Information on the nature of this declaration is was not available among the sources consulted by the Research Directorate. The Citizenship Act also outlines, in detail, the grounds and procedures for revoking citizenship (ibid, Part 3, Sec. 8-11). Moreover, citizenship can be revoked if a citizen is convicted abroad of a criminal offence by a “competent court” and sentenced to more than 12 months in jail without obtaining a pardon turkish citizenship by investment (ibid., Part 3, Sec. 9 ). As a Antigua and Barbuda passport holder you will benefit from important tax advantages such as no tax on personal income or inheritance, no capital gains tax, estate or foreign income tax. The possibility of living in an exotic country with a mild tropical climate, tax freedom and open access to all countries of the world, including for obtaining a quality education, compensates them in full.
We also suggest that independent legal, tax, professional advice be obtained by the user of this information before proceeding with the application. The CIU examines the application thoroughly and, if deemed necessary, may request the applicant to attend an interview. The ability to include the father, mother of both the applicant and/or spouse.
- All procedures for each family member are accompanied by the payment of special duties, including mandatory and very serious verification of the criminal past.
- This period of time varies depending upon the programme, but it may be used to further explore what opportunities will become available once residency or citizenship are attained.
- Antigua and Barbuda is an independent Commonwealth country that consists of two major islands, Antigua and Barbuda, and a number of smaller islands .
- The CIU conducts due diligence on all applicants and reserves the right to request the applicant attend an interview.
The National Development Fund is a non-profit fund which was set up in 2006 to run government projects, private-public partnerships and other government approved charitable investments. An investor can acquire citizenship in Antigua and Barbuda by investing a minimum amount of US $250,000 in the NDF. After a brief description of the islands, let me tell you that you can be more than a simple tourist in the paradise and why you should apply for citizenship and make a live as the country has some appealing investment programs.
Naturally, like most things in life, holding dual citizenship comes with both advantages and disadvantages. Applying for a second passport therefore needs to be thoroughly considered. Let’s take a look at the pros and cons, and at the options for becoming a citizen of Antigua and Barbuda in particular.
In month three, you will make the investment in the Government approved property or invest in the National Development Fund Contribution. If you plan to stay in the country, the second option is perfect for you. You and your family can move into a house on the island and spend your life peacefully without the hustle and bustle of city life. The process can be simple when you have a well-heeled professional at your side helping you to navigate through the red tape of the government agencies that are involved in the process. Our services are fast, easy and affordable options that are geared toward helping you meet your citizenship goals. Antigua and Barbuda is an independent state within the Commonwealth of Nations, and is one of the Caribbean’s most prosperous nations thanks to its developed tourist industry and offshore financial services.