In recent times, Antigua and Barbuda has emerged as a preferred alternate state of residence among many investors. Antigua offers a transparent citizenship program under which any individual willing to make certain investment into the state of Antigua can obtain a citizen of the state and also conduct business there.
The Antigua Economic Citizenship program guidelines must be followed thoroughly in order to become a citizen of Antigua. Under the guidelines of the citizenship program, applicants willing to settle in Antigua must make an investment in the state. This investment has to be then approved by the state government, which then processes the application after charging application processing fees.
Citizenship by investment in Antigua
Applicants interested in obtaining full Economic Citizenship in Antigua can make investments in the following sectors:
Real estate - real estate prices in Antigua has skyrocketed in the past few years due to steady growth in the tourism sector. Investment in real estate can be made by purchasing a property in the island in a government approved project. The minimum investment amount being USD 400,000. To begin with, an initial investment of USD 15,000 or 10% of the property price (as per the preference of the developer) has to be made. Once the application approved, the balance amount can be paid to the developer.
National Development Fund - for each applicant, an investment of US$250, 000 has to be made into the national fund.
Charitable non-profit organizations - government approved charitable organizations working on development in education, health and the environment were made to the tune of US$250, 000 for a single applicant.
Business investment - Investment in business starting at US$1. 5 million or with multiple investors jointly investing US$4million. The minimum investment amount by a single investor is US$400, 000.
Benefits of Economic Citizenship in Antigua
All citizens of Antigua have the freedom to conduct business in the entire Caribbean region. The state also does not any tax on foreign income. The state also offers the facility of dual citizenship, which is looked upon as a very lucrative opportunity among the investors internationally.
The government of Antigua charges certain professional fees once the application of citizenship is approved. In order to know more about such processing charges you need to go to their official websites and find out the rates and other rules and regularities that will be imposed upon you when you submit your application.
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