Antigua & Barbuda
Total Page:16
File Type:pdf, Size:1020Kb
Antigua & Barbuda Citizenship by Investment Program Who is qualified to apply? To qualify, applicants need to be of outstanding character and meet the following requirements: ▶ No criminal record ▶ Excellent health ▶ High personal net worth ▶ The applicant and their family must stay in Antigua and Barbuda for a minimum of 5 days within 5 years ▶ Choose from 1 of the 3 available investment options Overview of the Program Benefits of Antigua and Barbuda Antigua and Barbuda is a twin island Citizenship by Investment nation located between the Caribbean Sea and Pacific Ocean, approximately As the newest economic citizenship program in the world, Antigua and Barbuda 2100 km Southeast of Miami. The citizenship by investment provides the following benefits: islands became an independent state ▶ Fast processing (within 4 months) within the Commonwealth Realm system on November 1, 1981, with ▶ Inclusion of dependent children under 25 years old and dependent parents Elizabeth II as the first reigning queen over 65 years old of Antigua and Barbuda. ▶ No requirements to travel to Antigua and Barbuda during the application With a combined size of 442 km2 and a process population of over 80,000 people, the islands of Antigua & Barbuda are the 9th ▶ No interview, education or management experience required largest country in the Caribbean. ▶ Obtain visa-free travel to more than 131 countries including the Schengen The Antigua and Barbuda Citizenship Zone, Canada, the UK, Hong Kong, and Singapore by Investment Program was established No tax on worldwide income in 2012 under the Antigua and Barbuda ▶ Citizenship by Investment Act. It is the newest economic citizenship program in the world. The Antigua and Barbuda citizenship by investment program facilitates visa-free travel for you and your family throughout the world to over 131 countries. Plus, Antigua and Barbuda recognizes dual citizenship, which gives you significant benefits when it comes to business expansion and tax relief. Antigua & Barbuda Citizenship by Investment Program Investment Options in the Antigua & Barbuda Citizenship by Investment 01 Real Estate Investment An investor much purchase property that for at least USD $400,000 in a pre-approved real estate development area. The property must be owned and maintained for a minimum of 5 years. Visa- Property registration, processing fees and taxes must be paid in addition to the property purchase. Each applicant included in the application must also pay government, due diligence, and legal/advisory fees. free travel 02 National Development Contribution or Charitable Donation High net worth individuals may also choose to make a monetary contribution of for you USD $250,000 to the National Development Contribution or an approved charity. There are two categories within the National Development Fund: • USD 200,000 for a family of up to four and • USD 250,000 for a family of five or more The investor should pay separately the government fees, due diligence fees, and the your legal/advisory fees applicable to this investment option. family 03 Establish Business An applicant may invest USD 1,500,000 to establish a business and qualify to apply for citizenship. Additionally, two or more applicants may invest no less than USD 400,000 each, but a total minimum of USD 5,000,000 as a joint business investment. Government Application Fees In addition to the investment amount, an applicant will also be required to pay the following fees, depending on the number of applicants: US $50,000 Main Applicant US $50,000 Spouse US $25,000 Dependant between 12-17 years US $50,000 Dependant between 18-25 years US $50,000 Dependants over 65 Antigua & Barbuda Citizenship by Investment Program Due Diligence Fees US $7,500 Main Applicant US $7500 Spouse US $2,000 Dependant between 12-17 years US $4,000 Dependant between 18-25 years US $4,000 Dependants over 65 * Dependent children below 11 years old do not pay government application fees or due diligence fees. Biometric Passport fee is US $300 for each dependent included in the application. Step-by-Step Procedure and Timeline of the Application Process The application process for Antigua and Barbuda’s Citizenship by Investment program is one of the simplest and fastest on the market. The following is an outline of the general steps that an applicant needs to follow in order to obtain an Antigua and Barbuda citizenship and passport: Month 1 Get your Step 1 File preparation stage. HNWI will verify all documents. Application fees are applicable at this stage. Investing in piece of the selected development. paradise Month 2 Step 2 Submission of Citizenship Application after which confirmation of received file is issued. Naturalization today certificate is issued. Month 3&4 Step 3 Submission of Passport Application. Issuance of passport. The above timeline is an estimate provided for informational purposes only, based on experiences with past clients. Processing times and costs will vary depending on a number of factors. High Net Worth Immigration is not responsible for any deviations from the estimates above; we can provide specific time and cost estimates on an individual basis. Antigua & Barbuda Citizenship by Investment Program Location: Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, East-Southeast of Puerto Rico Capital: Saint John’s Time difference: UTC -4 Total area: 442.6 km2 Age demographics: 0-14: 24.7%, 15-64: 68.1%, 65+: 7.1% Language: English (official), local dialects Religions: Protestant, Roman Catholic, and other Christian Government type: Constitutional monarchy with a parliamentary system of government and Commonwealth realm Currency: East Caribbean dollars (XCD) 442.6 km2 Exchange rate: Total area 1 USD = 2.7 XCD (2016) GDP (per capita): 91,295 USD 14,753 GDP (purchasing power parity): Population (estimate 2014) 2.159 billion USD (2016) Population growth:1.26% Calling code: 131 +1.268 Visa-free countries Please contact us or our Affiliate Partners listed on our website www.high-net-worth-immigration.com..