Legendary Hollywood superstar Robert De Niro and business partner mogul James Packer will be the major investors in the Paradise Found mega-resort project on the Caribbean Island nation of Antigua and Barbuda. Two-time Academy Award winning actor De Niro and Australian billionaire Packer claim construction will start in June 2017 on a project which looks set to transform the island of Barbuda and turn it into the playground of the rich and famous.
The sleepy Caribbean island of Barbuda has long enjoyed a status of contented underdevelopment. However all that is about to change, as the Prime Minister of Antigua Barbuda Gaston Browne and his Ambassador Gilbert Boustany have recently approved a massive new development that will thrust Barbuda into the global spotlight.
Paradis Found is the working-title given to the $300+ million, 400 acre development on the site of the abandoned K-Club, the former resort made famous in the 1990s by the late Princess Diana who holidayed there with her sons William and Harry. While De Niro and Packer will be the primary investors, the mega-resort will also be a golden opportunity for high net-worth individuals looking to obtain dual citizenship via a Citizenship by Investment program, and looking for the perfect investment project.
Antigua and Barbuda is a dual island nation situated in the Caribbean. It is a member of the British Commonwealth and English is the first language of its 91,000 population. The prime sources of income of Antigua and Barbuda are tourism, investment banking and Citizenship by Investment.
Golden CBI “Buy In” Opportunity
Citizenship by Investment, also referred to as CBI is the increasingly popular and perfectly legal practice of a country granting an individual citizenship and a passport in return for a specific and often substantial financial commitment to said country. Investors will have to pass a stringent background check, and may need to comply with a period of residency in the country they are seeking citizenship with.
CBI programs are primarily available in Europe and the Caribbean. EU passports are highly desirable as they grant the holder access to more than 150 countries visa-free, and EU citizenship means one is free to live and work unrestricted in any European Union country. EU countries with CBI programs include Austria, Belgium, Germany, Hungary, Malta and Portugal. Caribbean nations include St Kitts and Nevis, Dominica and Grenada.
In the case of Antigua and Barbuda, business people acquire citizenship to take full advantage of the country’s discreet banking and tax-shelters, and pay virtually zero tax on their investments. The purchase of real estate is traditionally secondary in the deal, but that won’t be the case with the Paradise Found project. Investors will be only too keen to own a piece of real estate on what will no-doubt be one of the most exclusive holiday destinations in the world, and one that will surely increase substantially in value.
Antigua and Barbuda’s CBI program usually requires an investment of $250,000 to a government fund, or a business purchase that ranges from $400,000 to $1.5 million. Full citizenship and passport is granted within 2-3 months. For further details go to the 2ndPassports.com homepage.
De Niro and Packer: An Odd Couple That Succeeds
72-year old Robert De Niro has been a major movie star since his breakout role in Martin Scorsese’s Mean Streets in 1973. His roster of films include Taxi Driver, The Deer Hunter, Angel Heart, The Untouchables, Goodfellas, Cape Fear, Casino and the Meet The Parents movies. He won Oscars for his roles playing a young Vito Corleone in 1974’sThe Godfather Part 2 and six year later portraying boxer Jake LaMotta in Raging Bull.
As well and being one of the finest actors of his generation, De Niro is also a shrewd businessman with a large New York property portfolio, his own Tribeca Film Center and Tribeca Film Festival, plus co-ownership of the Nobu restaurant chain.
49-year James Packer is the son of the legendary Australian business mogul and high-stakes gambler Kerry Packer, who passed away in 2006, leaving his $6 billion dollar empire to his son. While maintaining the family businesses of publishing and broadcasting, Mark Packer has also established RatPack Entertainment, a film financing company that has been behind dozens of recent movies including the Night at the Museum and X-Men franchises, Avatar, and the Oscar winning Gravity. It was via RatPack that Packer met De Niro and an unlikely yet highly successful business alliance was born.
De Niro has been involved in several business dealing with Packer. Recently, Packer paid $100 million for a 20% stake in De Niro’s Nobu chain of restaurants that he co-owns with Japanese celebrity chef Nobuyuki “Nobu” Matsuhisa. Packer’s input has seen the construction of the first Nobu hotel. In 2015 the pair opened a Nobu Hotel in the center of Packer’s City of Dreams casino resort in the Philippines.
The Movie Star and the Prime Minister
While clearly multi-billionaire Packer is the heavyweight when it comes to business and finance, it is the De Niro name that Antigua’s Prime Minister Gaston Browne believes will give the Paradise Found project credibility and attract the attention of wealthy tourists and investors from the US and Europe.
De Niro, who has held the position of Special Economic Envoy for Antigua and Barbuda since 2014, has accompanied Prime Minister Browne on recent trips to Dubai and New York, where they went face-to-face with an abundance of investors, bankers and real estate firms only too keen to be part of the ongoing project of turning Antigua and Barbuda into the business hub of the Caribbean.
Prime Minister Browne recently stated his attention of turning his country into the Dubai of the Caribbean, with regular flights direct from the no.1 city in the Middle East to Antigua airport. Having such high profile investors like Robert De Niro and James Packer spearheading his country’s development with an attention-grabbing project like Paradise Found only looks likely to achieve that ambition sooner.
If you are keen to know more about Antigua and Barbuda’s Citizenship by Investment program or indeed any of the other CBI programs in the Caribbean or even in Europe, log onto 2ndPassports.com today for more information.
There you will find full details of the very best CBI and resident programs currently available. You will also find all of 2ndPassports.com’s contact details on our homepage. Feel free to email or message us via WhatsApp or Telegram for more information or, if you prefer, you can phone or Skype us and speak directly to one of our expert representatives, all in the strictest of confidence.
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