Antigua Citizenship By Investment: Choosing the Right Investment Option
WorldExecutivesDigest.com | Antigua Citizenship By Investment: Choosing the Right Investment Option | Out of all the Caribbean nations, Antigua and Barbuda is one of the safest choices for investors. Aside from its appealing tax incentives, the country also has a generally safe and steady political culture.
Fortunately, the twin-island nation offers citizenship by investment that gives you the right not only to live in the “Land of 365 Beaches” but also to invest in the country’s booming economy. Even if you’re not considering becoming a dual citizen, you’ll find that there’s a lot to gain from applying for economic citizenship in Antigua.
But before you go ahead with your application, you must first pick an investment venture that could help you gain the most ROI and, ultimately, help you achieve your purpose for acquiring economic citizenship in the first place.
In this article, you’ll learn everything there is to know about the Antigua and Barbuda citizenship by investment options, starting from the very basics up to the extent of the ROI that each of them can offer.
Contributing to the National Development Fund (NDF)
Most articles online talk about the donation option in Antigua’s citizenship by investment program first because it is the most straightforward – not to mention the most affordable – choice there is. This is seen as the main reason why the majority of foreign investors who choose Antigua as their second passport country follow this path towards economic citizenship.
Investment through NDF donation entails paying a non-refundable amount of at least US$100,000 per application. This comes in the form of a one-time contribution.
The sum already covers the main applicant, along with three of his dependents. This means that, with that amount, he can already extend his citizenship to his spouse, dependent children, and dependent parents, so long as he keeps their number at four or less.
However, he would need to increase his donation to $125,000 if he wishes to bring five or more family members along. Also, it is worth noting that the amounts mentioned thus far are exclusive of due diligence and government processing fees for the application.
Potential for ROI
The NDF is a non-profit fund designed with transparency at its core. Not only is it overseen by the Antiguan parliament, but it is also audited by an internationally recognized auditing firm for utmost accountability. This means that your investment is safe and secure.
Also, investing through the Fund is tantamount to investing in the country itself. This makes it an excellent choice for people who actually plan to enjoy living in the twin-island nation and reap the benefits of their contribution through civic projects of the government.
Investing in Real Estate
Several Caribbean countries offer citizenship by investment programs, but none can match the real estate investment option in Antigua and Barbuda. It is considered a great opportunity for wealthy individuals and families to call the paradise-like twin islands home and, potentially, gain profit from it.
Applying for economic citizenship in Antigua through this option essentially means an applicant would need to make a minimum investment of $400,000 to a government-sanctioned real estate project.
Like the NDF donation, this is exclusive of government processing and due diligence fees. It is also limited to up to four family members, including the main applicant. This means that he would have to increase his investment to accommodate more dependents in citizenship.
Potential for ROI
Because this investment option requires the purchase of real estate, processing can take a bit longer, depending on the property chosen for the investment. Also, the property in question cannot be resold within five years after the purchase unless it is done for the purpose of buying another officially approved real estate property in the country.
However, successful applicants can also turn this into an opportunity to earn as properties can be rented out to tourists if not personally utilized. Considering the popularity of the Caribbean country among tourists, this can become a win-win situation for both the nation and the economic investor.
Joining a Business Venture
Since most high-net-worth individuals who apply for second citizenship in Antigua are businessmen, it isn’t surprising for the country to include investing in a venture as an economic investment option.
Although transporting your business to the Caribbean nation is not as easy as moving between towns within the same country, investing in an existing business there might be easy enough to get you a significant ROI.
Under this option, an applicant must pick a business venture that has been approved by the Citizenship by Investment Unit (CIU) after consulting with the Antigua and Barbuda Investment Authority (ABIA). It can be an existing or a proposed business, so long as the governing bodies gave it a thumbs-up.
Business investment applicants have two sub-options:
To propose an investment to an approved business worth a minimum of $1.5 million on their own behalf
To make a joint investment with one or more people with an approved business worth at least $5 million, with each of the individuals contributing $400,000 or more through an agent
After the business investment has been approved, the CIU will start processing the applications for citizenship. The process is quite like the NDF where the application is submitted, and the applicant is asked to pay due diligence and processing fees equivalent to 10 percent of the investment.
Potential for ROI
Like any other venture, investing in a business in Antigua and Barbuda is not without risks. However, the country has its own hidden gems that are waiting to be tapped.
Although cotton and sugar cane are two of the main exports of the country, the main driver of Antigua and Barbuda’s economy is its tourism industry. There is no shortage of visitors in the country, which also means there won’t be a shortage of customers for business-minded economic citizens.
With this in mind, be sure to pick an approved business venture that is aligned with the nation’s strengths. Not only will you ensure that you get your money’s worth, but you also get to enjoy the many perks of being an economic citizen of the nation.
Investing in Economic Citizenship
Holding an Antiguan passport alone is enough ROI to convince smart businessmen to take advantage of the citizenship by investment program. But if you’re looking for more, you should consider picking the most suited investment option for you using this article as a guide.
AUTHOR BIOKal Kennard is a Partner at Citizens International, a white-glove specialist firm offering private client services necessary for citizenship investment into the Caribbean, North America and Europe. Based in the Caribbean for the past 15 years, she is an experienced consultant who works directly with many professional partners and advises clients worldwide.