Antigua and Barbuda citizenship by investment

Antigua and Barbuda represents a small country, that is situated in the Caribbean region, and is a commonwealth realm. It draws attention with warm sunny climate, white sand beaches, surfing, yachting, diving opportunities in the Caribbean Sea, its primordial, untouched nature.
It is an exclusive destination in case of political turbulence and instability. Antigua and Barbuda possesses efficient political infrastructure. Owing democratic principles, strong legal and regulatory framework, a parliamentary system of government, protection of freedoms and rights, Antigua and Barbuda gives expats the sense of stability and security.
Moreover, the same sense exists in entrepreneurship, investing, and business set up. Specifically, people come to this destination from all over the globe to reduce their tax burden and experience welcoming investment and business environment. In particular, investors are attracted by the absence of taxes on local income, global income or capital gains, whilst business can benefit from the Antigua and Barbuda's Special Economic Zone.

Real Estate Costs

When considering buying real estate for investment, there are various properties to choose from depending on your preferences and budget:

• Apartments up to 80 square meters in a resort area (or special complex), with communal pools and gardens. Distance from the beach is no more than 500 meters. Price: $400,000-$600,000.
• Residential house (cottage) in a hotel complex with an area of up to 200 square meters, with a terrace and several bedrooms. Located 100-200 meters from the coast. Price: $600,000-$900,000.
• Detached villa with furniture and an area of 200-400 m2, equipped with private pool, garden, 3-4 bedrooms and with direct access to the sea. Price: $1,500,000-$2,000,000,000. For foreign buyers purchasing a villa with a plot of land, there is an additional cost. For the right to own a plot of land requires a special license, the cost of which is equal to 5% of the value of the transaction. Thus, when buying a villa for $1,000,000, the final cost for a foreigner will be $1,115,000, including this commission.

The procedure of obtaining citizenship through investment usually lasts from 6 to 12 months, depending on the chosen country and the peculiarities of the process. The smallest amount of investment required to obtain citizenship usually ranges from $100,000. These investments may include purchasing real estate, investing in local businesses or government funds, and additional taxes and fees.

Who can obtain citizenship

Antigua and Barbuda citizenship can be obtained along with the principal applicant by his immediate family members who are included in the application. This category includes:

• Spouse of the principal applicant.
• Children under the age of 18 years.
• Children between the ages of 18 and 30 if they are financially dependent on the principal applicant (e.g., students).
• Parents or grandparents over age 55 if they are also financially dependent on the principal applicant.
• Minor siblings who are unmarried and without children.

All family members included in the application must also pass a background check and meet health requirements. The citizenship process for all applicants generally takes 3 to 6 months.