antigua

Antigua and Barbuda is an independent Commonwealth twin-island country in the Eastern Caribbean. With more than 360 stunning beaches, these tropical paradises are considered among the most beautiful locations on earth and accordingly are a much sought after tourist destination. Tourism accounts for 60% of the island’s income, with visitors mainly heralding from the US, Canada and Europe.

To augment their economy, in 2013 the islands announced their own Citizenship by Investment program, following in the footsteps of their Caribbean neighbors Dominica and of course St Kitts and Nevis, who initiated the very first Citizenship by Investment program back in 1984.

 

Antigua and Barbuda Citizenship by Investment Options

  • $250,000 donation to National fund (or)
  • $400,000 investment in real estate (or)
  • $1.5 million business investment

The Antigua and Barbuda government is offering early bird applicants the option of a reduced investment amount under NDF (Non-Deliverable Forward) of only $250,000 plus the government fee is to be waived for three additional applicants.

Antigua and Barbuda citizenship and passports is issued within 2-3 months, and has a 5-year validity.

 

Key Benefits

  • Ownership of the Antigua and Barbuda passport gives the holder visa-free access to 133 countries worldwide, including Western Europe, Canada, the Far East, Southern Africa and most of Latin America.
  • Ownership of the Antigua and Barbuda passport gives the holder the right to residency in most CARICOM (Caribbean Community) member states at any time and for any duration
  • The Antigua and Barbuda Citizenship by Investment program requires only 35 days of residency during the first five years of citizenship.
  • Pick-up of the Antigua Barbuda passport can be undertaken either in Antigua and Barbuda or at an Embassy, High Commission or Consular Office of Antigua and Barbuda anywhere in the world

 

Fee and Costs

  • Minimum Investment – NDF $250,000 or real estate $400,000
  • Due Diligence Fee $7500
  • Government Fee: $50,000
  • Lawyer Fee – to be specified in final quote
  • Passport fee – $350

The costs will total approx. $292,000 per person. Additional costs will apply for dependents and family members. Please contact 2ndPassports.com for an exact quote.

 

Taxes

There is no capital gains or inheritance tax in Antigua & Barbuda. Personal income tax was re-introduced in 2005 and the current tax rates starts at 10% and increases to 25% on chargeable income in excess of EC$ (East Caribbean Dollar) 25,000 per month or EC$180,000 per annum.

Each individual has a personal allowance of EC$36,000 per annum. Individuals who are in the country temporarily (i.e. less than 183 days per year) will only be taxed on income arising in or derived from Antigua & Barbuda.

Individuals who have their permanent residence in the country or are present for at least 183 days per year will qualify as residents of Antigua & Barbuda and will be subject to tax on their worldwide income.

The business and corporate tax rate is 25% of net profits, although attractive concessions are available to qualifying companies.

Property tax is levied on all properties in Antigua but not in Barbuda. The taxable value is based upon the property’s current market value construction replacement cost with the applicable tax rate dependent upon the classification of the property (residential or commercial).

 

Documents Required

These are the documents which must be presented when applying for citizenship.

  • Medical certificate (HIV clearance)
  • Police clearance certificate or Certificate of no criminal record
  • Copy of current passports
  • Marriage certificate, with spouse as dependent (if applicable)
  • original birth certificate

All documents must have apostille seal.

 

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