Do you know that these days, you can legally acquire direct citizenship and passport in a second country within a few months by investing a lump sum of money? Having a second passport/citizenship brings extensive travel freedom plus numerous benefits for family members.
EuroStar provides its specialized services incorporation with © The Citizenship by Investment Program - Antigua & Barbuda to help clients secure second citizenship by investing in ANTIGUA & BARBUDA while completing all necessary documentations and legal processes.
Antigua and Barbuda is an independent Commonwealth state in the Eastern Caribbean. With some 365 beaches of clean turquoise waters, the lush tropical islands of Antigua and Barbuda are an inviting paradise and considered to be one of the most beautiful places in the world. As a result, tourism is the key driver of Gross Domestic Product (GDP) and generates around 60% of the island’s income, with key target markets being the U.S., Canada and Europe.
Antigua and Barbuda is a member of the United Nations, the British Commonwealth, Caricom and the Organization of American States (OAS) among many other international organizations. Holders of the Antigua and Barbuda passport enjoy visa free travel to approximately 130 countries, including the U.K., Canada, and the countries of the Schengen area.
The Citizenship-by-Investment Program requires a person to make a significant economic contribution to the country. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, the applicants and their families are granted citizenship.
To qualify for citizenship, the primary applicant must be over 18 years of age, meet the application requirements and select one of the following three options available:
Purchase of Real Estate up to a value of at least US $400,000.00. Such investment cannot be disposed of within a five year period or before the proposed development in which the investment has been made has been subsequently completed.
Contribution to the National Development Fund (NDF) of at least US$250,000.00. However there is Limited Time Offer up to 1st May, 2016 where the contribution to the NDF shall be US$200,000.00
Investment in an approved business of at least US$1,500,000.00; additionally, if at least 2 persons propose to make a joint investment in such an approved business totaling at least US$5,000,000.00, and each of those persons individually propose to contribute at least US$400,000.00 to the joint investment, an application or applications for Citizenship by investment may be submitted on his or their behalf through an Agent.
The NDF is a special fund established for the purpose of funding government sponsored projects, including public-private partnerships and approved charitable investments which deliver services in healthcare, education, environmental management, youth development or the promotion of sport and culture.
Under each of these options, there are government processing fees of US$ 50,000 for the main applicant plus additional government processing fees of US$ 50,000 for the spouse, any dependent child of 18 to 25 years of age and any dependent parent over the age of 65 years, as well as US$ 25,000 for each dependent child under 18 years of age. However, the Government has announced a “Limited Time Offer” under the NDF option only, whereby for a family, the government processing fees will be US$ 50,000 for the main applicant, US$ 50,000 for the spouse, and up to two dependents will be free.
There are also due diligence fees of US$ 7,500 for the main applicant and US$ 7,500 for the spouse, US$ 2,000 for any dependent child of 12 to 17 years and US$ 4,000 for any dependent child of 18 to 25 years of age as well as any dependent parent over the age of 65 years.
The main applicant and his or her dependents must have a clean personal background, and not having received a free pardon, have at no time been convicted in any country of an offense for which the maximum custodial penalty is in excess of six months imprisonment. The Regulations further provide that a person who has been denied a visa to a country with which Antigua and Barbuda has visa-free travel arrangements and has subsequently not obtained a visa to the country that issued the denial shall not be entitled to apply under the program. A person who is deemed a potential national security risk, a reputational risk or is subject to criminal investigation will also be denied citizenship.
There are no restrictions on dual citizenship in Antigua and Barbuda.
The government authority responsible for administering the program, the Citizenship-by-Investment Unit (CIU), is responsible for the processing of all applications.
The CIU examines the application thoroughly and, if deemed necessary, may request the applicant to attend an interview. The CIU undertakes strict due diligence checks and will decline an application if the applicant makes a false statement.
The documentary requirements of the Antigua and Barbuda Citizenship-by-Investment Program are reasonable and the procedures are quite straightforward. Once the application is approved, passports can be collected in Antigua and Barbuda or the applicant may attend an Embassy or the office of any High Commission or Consulate of Antigua and Barbuda or such other office as may be specified from time to time by the Minister, to both collect their passport and to take the oath of allegiance of affirmation.
It is estimated that the process will take between three and four months from submission of the application to issuance of the passport, assuming there are no areas of concern with the application.
Under the real estate option, the time frame may vary depending upon the project. Therefore, it is important to select a real estate project that is able to provide the necessary paperwork required from the developer for the citizenship application.
Holders of the Antigua and Barbuda passport enjoy visa free travel to approximately 131 countries, including the U.K., Canada, and the countries of the Schengen area.