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Maples Global > Antigua and Barbuda

Antigua & Barbuda

Citizenship By Investment

Tourism continues to dominate Antigua and Barbuda’s economy accounting for nearly 60% of the GDP and 40% investment. The dual-island nation’s agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction.

The country’s industries include tourism, construction, light manufacturing (clothing, alchohol, household appliances). Manufacturing comprises enclave-type assembly for export with major products being bedding, handicraft and electronic components.

The exports include petroleum products, bedding, handicraft, food and live animals. Machinery and transport equipment, manufactures, chemicals and oil are among the major exports.

Highlights

  • In 2016, GDP was estimated at a total of $1.579 trillion, while the per capita was $24,100.
  • In recent years, Antigua and Barbuda have emerged as a major investment destination
  • It consists of competitive enterprises with high growth and export potential

Investment Program

The law of the Citizenship by Investment Program of Antigua & Barbuda was established in 2013. The passport is internationally recognized and includes most Schengen countries.

Investment Options

The Government offers a variety of instruments that an investor can choose from to qualify for the Citizenship-by-Investment Program.

National Development Contribution or charitable donation

The applicant may choose to make a monetary contribution of US $100,000 to the National Development Fund or an approved charity.

National Development Contribution

Two options are available for the Antigua and Barbuda citizenship-by-investment programme; either a cash donation to the National Development Fund (NDF) sent directly to the escrow account managed by the CIU or investment in real estate through one of the government approved real estate asset classes. This covers freehold property with title deed, hotel shares, fractional ownership or land.

NDF donation.
Minimum donation per application of 100,000 USD for a family up to 4

The National Development Fund (NDF)

 Single Person Family - 4 Persons Family - +4 People
Processing fees$25,000$25,000 for a family of up to 4 persons$25,000 for a family of up to 4 persons with incremental payments of $15,000 for each additional dependent.
Contribution$100,000$100,000$125,000
Due Diligence$7,500$7,500 + $7,500 for spouse,

$2,000 per dependent 12-17,

$4,000 per dependent 18 and over

$7,500 + $7,500 for spouse,

$2,000 per dependent 12-17,

$4,000 per dependent 18 and over

Real Estate Investment

The property purchased must equal a minimum of US $400,000 in a pre-approved real estate development area. The investment must be maintained for minimum of 5 years. If during these 5 years, the property is sold, another property of the same value must be purchased and held until the completion of this period.

Property registration, processing fees and taxes must be paid in addition to the property purchase.

Business Investment

The two business investment options are:

Where a person proposes to make an investment in an approved business of at least US $1,500,000 on their own behalf.

Or at least two persons propose to make a joint investment in such an approved business totaling at least US $5,000,000 and each of those persons individually propose to contribute at least US $400,000 to the joint investment an application or application for Citizenship by Investment may be submitted on his, her or their behalf through an agent.

Eligibility

  • Be an outstanding character
  • Hold no criminal record
  • Be in good health
  • Have no legal source of funds
  • Reside (with the family members who are included in the application) in the home country for a minimum of 5 days within a period of 5 years.

Antigua & Barbuda Citizenship by Investment Program - Process Outline

  • Consultation, program selection and sign up
  • Due diligence from attorneys / concerned authority
  • File preparation and submission
  • Receive pre-approved letter
  • Citizenship file preparation and submission
  • Receive “approved by principal” letter from citizenship by investment unit
  • Make investment
  • Receive naturalization certificate
  • Submit your application for passport
  • In the end you will receive your second passport

Antigua and Barbuda citizenship allows travel to the following countries
(134 visa free and the remainder visa on arrival).

AlbaniaAndorra
ArmeniaAustralia
AustriaBahamas
BahrainBangladesh
BarbadosBelgium
BelizeBolivia
Bosnia and Herzegovina  Botswana
BrazilBulgaria
CambodiaCanada
Cape VerdeChile
ColombiaComoros
Costa RicaCôte d’Ivoire
CroatiaCuba
CyprusCzech Republic
DenmarkDjibouti
DominicaDominican Republic
EcuadorEgypt
El SaladorEstonia
FijiFinland
FranceGabon
GambiaGeorgia
GermanyGreece
GrenadaGuatemala
Guinea-BissauGuyana
HaitiHonduras
HungaryIceland
IndiaIndonesia
IranIraq
IrelandIsrael
ItalyJamaica
JordanKenya
KiribatiLaos
LatviaLebanon
LesothoLiechtenstein
LithuaniaLuxembourg
MacedoniaMadagascar
MalawiMalaysia
MaldivesMalta
MauritaniaMauritius
MicronesiaMonaco
MontenegroMozambique
NepalNetherlands
NicaraguaNorway
PalauPanama
PeruPhilippines
PolandPortugal
RomaniaRwanda
Saint Kitts and NevisSaint Lucia
Saint Vincent and the GrenadinesSamoa
San MarinoSenegal
SeychellesSingapore
SlovakiaSlovenia
Solomon IslandsSouth Africa
South KoreaSpain
Sri LankaSuriname
SwazilandSweden
SwitzerlandSão Tomé and Príncipe
TanzaniaTimor-Leste
TogoTrinidad and Tobago
TunisiaTurkey
TuvaluUganda
UkraineUnited Kingdom
VanuatuVatican City
VenezuelaZambia
Zimbabwe

The list of countries can change subject to variations depending upon each government’s policy when you travel.