Legal Citizenship By Investment For Antigua And Barbuda
Benefits Of Dual Citizenship With Caribbean Passports
So, join the famous tourist destination and live the life of Antigua And Barbuda Island. The reason for this success is due to our commitment to provide always the best professional services and staying abreast of the changes and announcements made from time to time by the Citizenship and Immigration Canada. As of January 2020, nationals of Afghanistan Iran, North Korea, Iraq, Somalia, Yemen and Sudan are restricted from applying for the program. The country’s banking and financial services sector is an important economic contributor as well. Agricultural production is centered mainly on meeting domestic demand, with limited water supply and a shortage of labour, caused by locals pursuing higher paid jobs in construction and tourism, contributing to the sector’s limited scope. Tourism is the country’s biggest economic contributor, accounting for over 50% of its GDP.
The amount of these fees depends on the size of the families who will submit an application. The citizenship acquired under the Antigua and Barbuda Citizenship by Investment program is fully recognized by the Government of Antigua and Barbuda. All people age 12 and up who are applying for citizenship must take an HIV test. Applicants are disqualified if a medical professional determines that one or more family members are infected with an infectious disease or have significant health issues.
How To Apply
Currently, an investor can gain an Antigua and Barbuda passport by contributing a sum of 152,800 USD. 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. There are several options for investment to gaining citizenship in Antigua.
The United Arab Emirates has announced major changes to their citizenship laws making it possible for foreign nationals living there to apply for citizenship. The country also plans to position the UAE Golden Visa as one of the most desired investor visas on earth. But whereas St. Lucia’s donation option would cost a family of four $167,500, you only donate $147,200 for a family of four for the Antigua passport. This means purchasing a bond of at least $250,000 for a term of at least five years– the bond amount and time frame increase for couples, or if you are applying for citizenship for the whole family. Instead of buying a property for $300,000, plus $59,500 in government and processing fees , you just donate $109,500 for a single applicant.
Banks, Bonds, And Businesses
Greece offers the cheapest EU Golden Visa, requiring a $250,000 investment to obtain a residence permit. There are other programs where you can invest money and essentially get paid for a passport. Most people in the citizenship industry sell passports like it’s McDonald’s. Just follow the process staying permit turkey set out by the government and you will be approved. Traditionally, citizenship has been granted through birth, naturalization, and marriage. But beginning in 1984, various countries around the world have introduced another path toward citizenship – the second half of our breakdown – investment.
The child is at least 18 years of age but mentally or physically challenged, and who resides with and is fully dependent upon the main applicant. Only one application is required for the main applicant and their and their dependants . No limits exist for the number of dependants that can be included on the application. Residents and non residents of Antigua and Barbuda are not subject to any tax on foreign income, estate tax or capital gains tax. Beneficial ownership of real estate is permissible through a non-profit company which shall meet certain corporate requirements. These are the documents which must be kept ready, when applying for citizenship.
Khan says there has been an increase in interest from China and Middle Eastern companies, although the company does not provide statistics reports Bloomberg. According to Bloomberg, the island nation helped usher in and pioneer the idea of citizenship-by-investment which has evolved into a billion-dollar industry. Wealthy residents of other countries are able to have a back-up plan. People who have always held dreams of island homes may now have their chance. The coronavirus pandemic has caused a drop in tourism and now select Caribbean nations aim to make up for the deficit with citizenship offers for the right price. Members who have signed up can dine at any of the participating restaurants and partake in offers such as pre-fixe menus and Happy Hour Specials and gain 5 points for each purchased offer.
Consequently, if you have a son or daughter that is in their late 20s and still studying full time, Grenada may be the best citizenship by investment country for your family. The island nation has also lowered the minimum age of dependent parents from 65 to 55, making it easier than ever to include family members both young and old in a single turkish citizenship investor citizenship application. Dominica requiresUSD 100,000 or USD 200,000 real estate investment to qualify for becoming a Citizen of Dominica. There are no residence requirements nor visit to the country required to become a ‘Dominica Citizen’. Antigua and Barbuda Citizenship Program let obtain a second passport in just 3-4 months.
Antigua & Barbuda Investor Citizenship: Documents Required
A fee of $10,000 is to be payable for children under 5 years of age and $20,000 for children 6-17 years of age. Applicants are required to make an investment in a designated, work permit turkey officially approved business investment. A principal applicant, on his own behalf, makes an investment in an approved business of at least US $1,500,000.
Additional costs include client fee, government fee and due diligence fee depending on how many persons included in the application. Antigua & Barbuda citizenship program offers one of the strongest passports in the world allows you to visa-free travel to more than 140 countries including, the EU, the whole Schengen, UK, Hong Kong, and Singapore. Antigua and Barbuda is the only country in the Caribbean that requires its new citizens to spend at least five days on the ground within five years after receiving a citizenship.
Antigua Economic Citizenship Cost
There are three options for obtaining Antiguan citizenship by investment. The first one is a non-refundable contribution of USD 200,000 National Development Fund. Alternatively, you can make an investment of at least USD 400,000 into a state-approved real estate project, to be maintained for 5 years or until a substantial part of the project is completed.
But there remains one aspect of interest in Antigua & Barbuda that many do not know about; taxes. Antigua and Barbuda’s tax regime can be a major attraction for global investors, especially those who must pay obscene amounts of capital in taxes in their permanent residence nations. Although not an out-and-out tax haven, Antigua and Barbuda do have a taxation structure that many could find extremely favorable.
Specialized Second Citizenship Solution For Wealthy Africans And High Net
You can be helped with choosing a management company if you decide to invest in real property, or with moving if you obtain a passport to settle in a foreign country. The third criterion is an individual approach to each client and unique solutions that are perfectly suited to each particular case. You can apply for a second passport for adult children under 30 years of age if they are financially dependent on you, e.g. if they study on full-time basis at a university and cannot earn money themselves.
Antigua and Barbuda believes it is essential that this programme improves life for all residents – old and new. By encouraging investment in the University of the West Indies, the programme facilitates the country’s development. In September 2018, the Cabinet of Antigua and Barbuda agreed to the creation of this fourth method of investment; in September 2019, the Five Islands Campus of the University of the West Indies opened its doors. Ownership must be maintained for at least five years following the purchase unless the buyer acquires an alternative approved property in Antigua and Barbuda.
Not only do you get your second citizenship within 3 or 4 months, but you can include dependent children who are attending college up to age 28 (!) and dependent parents and/or grandparents over age 58. For one thing, the cost of Antigua and Barbuda citizenship is currently one of the lowest among the Caribbean citizenship by investment programs. Even without this new option, Antigua and Barbuda citizenship by investment was still the cheapest route for families.
Investment plans are available from USD 100,000 and on average an individual application process can take up to 3-4 months to be completed. If you would like to know more about the Caribbean citizenship by investment programs that we offer, get in touch with our citizenship advisors. While the economic citizenship Antigua and Barbuda application is being processed, the investor’s initial funds are held in an approved escrow account until citizenship is approved in principle. If Antigua economic citizenship is not issued, the funds are returned minus any fees previously agreed on. This escrow transaction proves that the investor has the necessary funds to proceed with their citizenship by investment bid, and also gives the program increased credibility in the eyes of foreign investors. This also helps ensure that investors obtain their Antigua passport as soon as possible after their application is approved.
Antigua’s service-based economy is almost entirely dependent on tourism, with more than one million tourists visiting the islands each year. The country’s economy grew by more than 4% in 2019, and has a GDP per capita of $16,500 USD. A number of other countries also offer citizenship by investment but do not give citizenship immediately. This includes major economies like the UK, USA, Australia, France, Italy, Germany, Poland, Spain and Hong Kong. Processing the application for Antiguan citizenship usually takes about 4 months.
When it comes to due diligence, citizenship requires biometrics and use independent due diligence firms for on-the-ground checks. If you want to receive your citizenship by the investment by owning a business in Antigua and Barbuda, you must invest a minimum of $ 1.5 million. As in real estate, two or more applicants can also make a joint investment, but the minimum per person is an investment of $ 400,000, and the total has to amount to a minimum of $ 5 million. Children aged can be included as dependents in an Antigua and Barbuda citizenship application provided they are enrolled in school full time and are unmarried and have at least six months of education remaining. To satisfy this requirement, the education records of any dependent adult children who wish to become Antigua nationals are required as supporting documents.