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i. Name of country
ANTIGUA & BARBUDA
ii. Region
The Caribbean
iii. Population
The current population of Antigua & Barbuda is 99,175 (July 2021 est.)
iv. General Introduction
Antigua & Barbuda is famed for its multiple beaches said to be numbered in the hundreds. By applying to the Antigua and Barbuda Citizenship by Investment program, you can make this famous vacation spot your permanent residence. The scheme, which began in 2013, grants you citizenship in exchange for a financial contribution to this heavenly Caribbean kingdom.
v. Wifi Speed
In Antigua and Barbuda, the average mobile internet download speed was 27.67 Mbps. In terms of download speed, mobile internet exceeded fixed broadband, but not in upload speed. Fixed broadband had a faster speed than mobile internet, averaging 10.41 Mbps compared to 9.81 Mbps for mobile internet.
vi. Electrical outlet
All power sockets in Antigua and Barbuda provide a standard voltage of 230V with a standard frequency of 60Hz.
vii. Per Capita GDP
Real GDP per capita
$21,910 (2019 est.)
$21,116 (2018 est.)
$19,840 (2017 est.)
viii. Climate
tropical maritime; little seasonal temperature variation
ix. Citizenship-by-Investment
The Antigua and Barbuda Citizenship-by-Investment Program is an attractive option for high-net-worth families wanting visa-free access to over 75 countries.
Investment
National Development Fund Contribution or Charitable Donation
High-net-worth individuals can donate US$100,000 (for up to four people) or US$125,000 (for five or more people) to the National Development Fund or an approved charity. A spouse and all qualified dependents may be included in the primary applicant; nevertheless, government and due diligence requirements apply to each individual included.
Real Estate Investment
Applicants may purchase property in a pre-approved real estate development area for a minimum of US$400,000. For a minimum of five years, the investment must be maintained. Registration, processing fees, and taxes may be paid in addition to the purchase price of the property.
There is a Limited Time Offer (LTO) that runs until October 31, 2020; two (2) applications from related parties can make a combined investment, with each applicant contributing a minimum of US $200,000 to qualify.
Business Establishment
Applicants can invest up to US$1.5 million in their firm. Two or more applicants may make a joint business investment of at least US$5 million with an individual requirement of at least US$400,000.
University of West Indies Fund
A family of six (6) can seek citizenship for an investment of US$150,000. The investment amount includes processing and government expenses, however, each qualified dependent is subject to standard due diligence fees. Furthermore, one family member is eligible for a one-year scholarship at the University of the West Indies. For larger families, there are additional government processing fees.
Processing Time
Application processing within three to four months.
Key Benefits
A passport from Antigua and Barbuda grants visa-free or visa-on-arrival entry to 150 countries, including Hong Kong, Singapore, the United Kingdom, and Europe’s Schengen Area.
Antigua and Barbuda is a Commonwealth member, giving its inhabitants access to certain benefits in the United Kingdom and other Commonwealth countries.
Candidates are able to incorporate a companion, subordinate children beneath 31 (as well as their life partner and children), guardians and grandparents aged 55, and unmarried siblings of the main applicant and/or their spouse of any age, as well as to include dependents after they have been granted citizenship
With great flight ties to North America and Europe, the country is a desirable area to live or purchase a second property.
Requirements
To be eligible for citizenship, the main candidate must be at least 18 years old, complete the application requirements, and choose one of the four alternatives below:
The purchase of real estate from an approved real estate project with a minimum value of USD 200,000. To qualify, two candidates can make a joint investment of at least USD 200,000, with each applicant investing a minimum of USD 200,000. The property cannot be sold within the five-year time frame.
Individual purchase of an eligible business for a minimum of USD 1.5 million. Alternatively, a joint purchase in which each individual contributes at least USD 400,000, for a total of USD 5 million.
A non-refundable payment of at least $100,000 to the National Development Fund
A minimum non-refundable contribution of USD 150,000 to the University of the West Indies (UWI).
Procedures and Time Frame
The Citizenship-by-Investment Unit (CIU), the government agency in charge of the program’s administration, is in charge of processing all applications. The CIU thoroughly evaluates the application and may invite the applicant to an interview if it is deemed necessary.
The CIU conducts thorough due diligence inspections and will reject an application if the applicant makes a false statement or fails to include any essential information. The Antigua and Barbuda Citizenship-by-Investment Program’s documentary requirements are modest, and the procedures are simple. Passports can be picked up in Antigua and Barbuda once the application has been granted. The process should take between three and four months from the time the application is submitted to the time the passport is issued, providing there are no issues with the application.
During the first five years after getting citizenship, you must live in Antigua and Barbuda for at least five days. Due to different travel limitations caused by the COVID-19 epidemic, the CIU has temporarily suspended this requirement. On August 31, 2022, the suspension will end. Depending on the project, the time frame for the real estate choice may vary. As a result, choosing a real estate project that can give the developer the necessary papers for the citizenship application is critical.
x. Residence-by-Investment
N/A
xi. Natural Resources
pleasant climate fosters tourism
xii. Ethnic Groups
African descent 87.3%, mixed 4.7%, Hispanic 2.7%, White 1.6%, other 2.7%, unspecified 0.9% (2011 est.)
xiii. Languages
English (official), Antiguan creole
xiv. Religion
Protestant 68.3% (Anglican 17.6%, Seventh Day Adventist 12.4%, Pentecostal 12.2%, Moravian 8.3%, Methodist 5.6%, Wesleyan Holiness 4.5%, Church of God 4.1%, Baptist 3.6%), Roman Catholic 8.2%, other 12.2%, unspecified 5.5%, none 5.9% (2011 est.)her Christian 10.9%, other 3.2%, unspecified 0.3%, none 4.5% (2011 est.)
xv. Median Age
total: 32.7 years
male: 30.7 years
female: 34.4 years (2020 est.)
xvi. Urbanization
urban population: 24.4% of total population (2021)
rate of urbanization: 0.87% annual rate of change (2020-25 est.)
xvii. Physician density
2.96 physicians/1,000 population (2017)
xviii. Government type
parliamentary democracy under a constitutional monarchy; a Commonwealth realm
xix. Unemployment Rate
11% (2014 est.)
x. Taxes
Headline Personal Income Tax Rate (highest marginal tax rate)
– 0%
Headline Corporate Income Tax Rate (excluding dividend taxes)
– 25%
Territorial Tax / Worldwide Tax / Hybrid
Antigua is considered a major tax neutral jurisdiction in the world, as there is no capital gains tax on worldwide income, attractive tax holidays on qualifying companies’ profits for up to 20 years with waivers and exemptions on customs duties for these companies, and no inheritance or wealth taxes, which makes the country a very reliable attractive investment and retirement destination for high net worth individuals and their families around the world.
