Antigua and Barbuda Citizenship by Investment
Antigua and Barbuda is an independent Commonwealth state in the Eastern Caribbean. With some 365 beaches of clean turquoise waters, the lush tropical islands of Antigua and Barbuda are an inviting paradise and considered to be one of the most beautiful places in the world. As a result, tourism is the key driver of GDP and generates around 60% of the island’s income, with key target markets being the U.S., Canada and Europe.
Antigua and Barbuda is a member of the United Nations, the British Commonwealth, Caricom and the Organisation of American States (OAS) among many other international organisations. Holders of the Antigua and Barbuda passport enjoy visa free travel to approximately 131 countries, including the U.K., Canada, and the countries of the Schengen area.
The Citizenship by Investment Unit (CIU) was established by the Honourable Prime Minister of Antigua and Barbuda and is the Government authority responsible for processing all applications for Agent’s Licenses, and all applications for Citizenship by Investment by applicants and their family.
Antigua and Barbuda Citizenship – Benefits
- Citizenship Certificate and Passport issued normally issued 90-120 days after application
- Investment is made once government has issued Approval-in-Principle letter
- Visa Free travel to 131 countries including the UK, Schengen states, Canada, Hong Kong, Singapore, South Africa, and more
- Possibility to obtain US 10 year multiple entry visa
- No educational or language requirement
- Dual citizenship allowed
- Citizenship for dependant family members such as Spouse, Children up to 25 years old and parents aged over 65
- Beautiful Island to reside and vacation in
- Growing economic market
- Generous tax regime, no taxation on wealth, inheritance, foreign income or capital gains
Four Options to Apply for this Program
Option I: Contribution to National Development Fund
US$250,000 single applicant or family of four. Plus Government Processing fees and Due Diligence fees.
Option II: Real Estate Investment
US$400,000 single applicant or family. Plus Government processing fees and Due Diligence fees.
Option III: Business Investment
An investment of a minimum of US$1,500,000 directly into an eligible business as a sole investor. Joint investments of a larger nature involving at least 2 persons is also possible, for additional details please contact us. All investments above are non-refundable.
Option IV: Antigua Sustainable Aquaculture
Antigua Sustainable Aquaculture Investment & Citizenship Application Process
Overall investment Application and Government Fees will be as follows:
|4,000 Preferred 5 year redeemable shares with par value of $100.00 per share (developer buy-back option)
|Main Applicant Government Processing Fee
|Spouses Government Processing Fee
|2 dependents Government Processing Fee (child or dependent parent)
||Waived exclusively under the ASA option
|Due Diligence Fee
||US$ 7,500.00 Main Applicant
US$ 7,500.00 Spouse
US$ 0.00 Child 0-11
US$ 2,000.00 Child 12-17
US$ 4,000.00 Child 18-25
||US$ 300.00 each person
|Sample Government Cost Family of 3
Child aged below 18 (additional US$2,000.00 if 18-25)
(US$ 50,000.00 x 2) + (US$ 7,500.00 x 2) + 2,000.00 + (300.00 x 3)
|Total Cost Family of 3
US$ 400,000.00 returned after 5 years*
To maintain citizenship, investors are required to hold the asset for 5 years, after which they may issue notice to the developer which will repurchase the full amount of the shares for the principal value within 90 days (US$ 400,000.00).
Advisory fees not included in above calculation.
Step 1 – Reservation
The Applicant signs Share Purchase Agreement and Escrow Agreement, Submits KYC Form, Passport copy of Main Applicant and deposits a non-refundable reservation deposit of US$20,000.00 with the local escrow agent.
Step 2 – Application Forms and Full Document submission
The Applicant submits completed application forms (AB1-AB5) and full supporting documents .
10% of Government Processing Fee and Full Due Diligence Fee is paid to the Citizenship by Investment Unit (the “unit”) who issued receipt of application, file number and begins processing.
Step 3 – Approval in Principle, Payment of Balance of Investment and Government Processing Fee, Extraction of Certificate of Citizenship(s) and Passport(s)
After approximately 90-120 days of issuance of file number by the unit, subject to satisfactory due diligence checks, the same unit will issue an Approval-in-Principle letter. The Applicant pays within 30 days, the balance of Investment (US$380,000.00) into the account of the escrow agent. Antigua Sustainable Aquaculture Limited. issues and deposits with the escrow agent 4,000 Preferred Redeemable Shares in the name of the main applicant. The escrow agent submits proof of investment and share ownership to the unit, who proceeds to extract the Certificate of Citizenship(s) through the office of the Prime Minister. Upon issuance of Certificate of Citizenship(s), the escrow agent releases the investment funds to Antigua Sustainable Aquaculture Limited. upon which escrow closes.
Upon issuance of Approval-in-Principle letter, the applicant must also within 30 days make payment of the remaining 90% of Government Processing Fee plus Passport Fee.
Based on Certificate(s) of Citizenship, passport(s) are issued by the local passport office.
Step 4 – Redemption of shares
Upon the wish of the investor, the full investment value can be recouped after the mandatory 5 year holding period, by giving written notice to Antigua Sustainable Aquaculture Limited. c/o Hill and Hill Chambers, Long St, PO Box 909, Saint John’s, Antigua, W.I., to repurchase all shares held at US$400,000.00. The investor has the option to remain a shareholder in this profitable business, enjoying a minimum of 6% annual returns once the company declares dividends.. Aspen Assurance Company Ltd. has been further contracted to assure the investor of the repurchase of shares after the 5 year period, providing maximum investor security.