Antigua and Barbuda
The Antigua and Barbuda Citizenship Program is a program that is appealing to applicants seeking alternative citizenship by acquiring desirable properties or making some contribution to the island’s National Development Fund.
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The Antigua and Barbuda Citizenship Program is a program that is appealing to applicants seeking alternative citizenship by acquiring desirable properties or making some contribution to the island’s National Development Fund.
The Antigua and Barbuda Citizenship Program is a program that appeals to applicants who are seeking alternative citizenship by the means of acquiring desirable properties or by making some contribution to the island’s National Development Fund.
The program appeals to applicants seeking alternative citizenship through acquiring desirable properties or by contributing to the islands’ National Development Fund.
An independent Commonwealth state in the Eastern Caribbean, Antigua and Barbuda is definitely a prominent name in all of the Eastern Caribbean. Antigua is 14 miles long and 11 miles wide; the flatland topography of the island has long been considered suitable to be able to producing its early crops of tobacco, cotton, and ginger.
But that’s not all about the place and the agriculture, since the staple industry developed into sugar cane farming, which has lasted for over 200 years now. Following its independence from Britain in 1981, Antigua’s primary industry happens to be tourism and related service industries. Apart from this, the largest job-creating sectors here include the finance and services industry and the government.
What makes Antigua and Barbuda a promising destination are the clean, clear, and turquoise waters on over 365 beaches, making it one of the most beautiful places on the globe. This clearly is one of the main reasons why tourism is a key driver of GDP and generates almost 60% of the island’s total income, with the target markets basically being Canada, Europe, and the USA.
Speaking of Antigua’s economic market, there have been some challenging times recently. However, these didn’t really last long because the government has been credited with its implementation of the National Economic and Social Transformation Plan and a debt restructuring effort. One of the initiatives that have immensely supported the island nation’s economy is the introduction of the citizenship by investment program—something that has brought about a major reform here on the island.
Overall, it is Antigua’s commitment to serving its tourism industry that has largely increased its GDP, and this can be demonstrated with the airport expansion project, which is worth USD 45 million and includes three passenger jet bridges and more than two dozen check-in counters, creating an overall higher efficiency for passenger arrivals. This is huge and allows an increase. in scheduled, charter, and inter-island flights. Furthermore, there are direct flights to Antigua from London, New York, Miami, and Toronto, giving people the best chance to enjoy the island life here.
Visa-free or visa-on-arrival travel is available to Antiguan passport holders for over 150 countries, including the UK and the Schengen Area states of Europe. As the country is not a participant in the Holders of this passport, like those from all Caribbean nations, must get a visa in order to visit the USA.
The local currency is the USD-pegged Eastern Caribbean dollar (ECD), which is currently trading at 2.70. Among many other international organizations, Antigua is a member of the British Commonwealth, CARICOM, the Organization of American States, and the United Nations.
The Antigua and Barbuda Citizenship by Investment Program is a great option for high-net-worth families who want easy access to European and Caribbean markets, as well as visa-free travel to key Asian financial centres.
Key Benefits: You get the right to free movement across Antigua and Barbuda, other than Hong Kong, Russia, Singapore, the United Kingdom, and Europe’s Schengen Area among other few destinations.
The principal candidate must be over 18 years old, satisfy all application criteria, and choose one of the four alternatives listed below in order to be eligible for citizenship:
All of the applications are processed by the Citizenship by Investment Unit (CIU), the government authority that is responsible for administering the program. The CIU is also required to examine the application thoroughly and, if deemed necessary, may as well request the applicant to attend an interview on a scheduled date for further processing.
The CIU undertakes strict checks and can decline an application if the applicant provides any kind of false information or makes a false statement. The documentary requirements of the Antigua and Barbuda Citizenship by Investment Program are reasonable, and the procedures are straightforward.
Once the application has been approved, passports can be collected in Antigua and Barbuda. An estimated timeline of the entire process happens to be something between three and four months from the submission of the application to the issuance of the passport, all of this only if there are no corrections required to be made in the application.
For the purpose of staying, it is a requirement to reside in Antigua and Barbuda for a minimum duration of five days during the first five years after obtaining citizenship. However, considering the COVID-19 pandemic, the Citizenship by Investment Unit temporarily suspended this requirement due to the travel restrictions to and from the island. This suspension period stands valid only till August 31st, 2022.
If you choose the real estate option, then the time frame may vary depending on the project. Considering this, it is imperative to select a real estate project that can provide you with the necessary paperwork that may be required from the developer for the citizenship application.
This is essentially all you need to know about investing in high-end property in Antigua and Barbuda that is associated with the country’s citizenship by investment programme.
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