• Citizenship by Investment Programme in Antigua and Barbuda

Citizenship by Investment Programme

Lying in the Eastern Caribbean’s Leeward Islands, the English-speaking, two-island state of Antigua and Barbuda is a favoured tourist destination affectionately referred to as the ‘Land of 365 Beaches’.

Antigua and Barbuda enjoy a pleasant year-round climate, with average air temperatures ranging between 25ºC to 28ºC (77ºF to 82ºF) and sea temperatures reaching 29ºC (84ºF). These lush tropical islands are stunningly beautiful locales, and tourism is the dominant source of income generating about 60% of the islands’ GDP.

Having gained independence from Britain in 1981, Antigua and Barbuda has developed a reputation for judicial and governmental stability. Today, passport holders enjoy visa-free travel to approximately 149 countries, including the countries of the European Schengen Area, the UK, South Africa, Hong Kong and Singapore, as well as enjoying the privileges associated with citizenship of a Caricom country.

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 Real Estate

Applicants may also choose to purchase real estate with a minimum value of USD 400,000 (or USD 200,000 if two parties, which are related by virtue of being represented by the same Licensed Agent, purchase together) from an approved real estate project.

The real estate cannot be disposed of for a period of five years. Under this option, the following government processing fees and due diligence fees would apply for the same two scenarios outlined earlier:

Antigua & BarbudaSingle ApplicantFamily of Four
Minimum price200,000200,000
Government Fees50,00050,000
Due Diligence Fees7,50015,000
Passport(s)3001,200
Sub-TotalUSD 257,800USD 266,200

Many applicants prefer the real estate option, as they will acquire a tangible asset, which can also generate rental income, if desired. All of the qualifying property options that we recommend are fully managed for peace of mind ownership. The closing costs vary depending on the real estate selected.

For all clients considering the real estate option, We recommend you visit and our local team will provide tours. While this is not a requirement of the programme, you will certainly gain a better appreciation and knowledge of the available options and overall real estate market. Lastly, for those wanting to open a bank account, an address is required which this option readily provides.

Requirements / Investment Options

The Antigua and Barbuda Citizenship-by-Investment Programme requires an applicant to make a significant financial investment into the country in return for citizenship for the applicant and his/her family. To qualify for citizenship, the main applicant must be over 18 years of age, meet the due diligence requirements, commit at least five days of visit within the first five years of obtaining citizenship and must select one of the following three options:

  • A non-refundable donation to the National Development Fund starting from USD 100,000*
  • Purchase of qualifying real estate of at least USD 400,000 in a Government approved project. If two parties jointly purchase they can each contribute USD 200,000*
  • A USD 1.5 million investment in an eligible business

*limited time offer until 31st October, 2018

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Donation

The National Development Fund (NDF) is a non-profit fund that was established under section 42(2) of the Finance Administration Act 2006 for the purpose of funding government sponsored projects, including public-private partnerships and approved charitable investments.

The NDF contribution for a single applicant or a family of up to four people is USD 100,000 and the processing fee is USD 25,000.

The primary applicant may include his or her spouse, children under 18 and adult children between 18 and 28 years of age who are enrolled in full time attendance at a recognized institution of higher learning. In addition, parents or grandparents may be included who are above 58 years of age and living with, and fully supported by the primary applicant.

Below is a table summarizing two cost scenarios:

Antigua & BarbudaSingle ApplicantFamily of Four
Minimum price100,000100,000
Government Fees25,00025,000
Due Diligence Fees7,50015,000
Passport(s)3001,200
Sub-TotalUSD 132,800USD 141,200

Business

The direct purchase of an eligible business for a minimum amount of USD 1.5 million as an individual, or a joint purchase involving at least two persons, with each individual contributing at least USD 400,000, to fulfill the minimum purchase amount of USD 5 million, would also qualify as an eligible investment under the programme.

Other Requirements

In addition to fulfilling one of the three economic contributions above, main applicants and their dependants must have clean personal backgrounds. The Citizenship-by-Investment Unit (CIU) is the government authority responsible for processing and examining all applications and will perform strict due diligence checks. An applicant will be denied citizenship if he/she has been denied a visa to a country that has a visa-free travel arrangement with Antigua and Barbuda, is identified as a potential national security risk, a reputational risk or is subject to a criminal investigation.

Process Overview

The process will take between three and six months from submission of the application to issuance of the passport, assuming the application has no areas of concern.

Dual Citizenship

Antigua and Barbuda has no restrictions on dual citizenship.

Taxation

Antigua and Barbuda has no personal income tax, capital gains, inheritance taxes or tax on foreign income. Simply holding Antiguan citizenship in itself will not cause one to be a tax resident. The corporate tax rate is set at 25%. However, certain companies may qualify for attractive tax reductions on profits up to a 20-year period. A sales tax is a standard rate of 15% which is calculated on local consumption. Antigua imposes a property tax on all properties which varies depending on the classification of the property.

Summary of Key Advantages

  • Visa-free travel to 149 countries including the EU, the UK, Singapore and Hong Kong
  • Full citizenship with passport granted to main applicant, spouse, children, and parents or grandparents
  • Required donation is from USD 100,000
  • No personal income, capital gains, inheritance tax, or tax on foreign income
  • Minimal presence is required for at least five days within first five years of obtaining citizenship
  • Antigua & Barbuda is an exceptionally beautiful place to live year round or to regularly visit your second home. With over 365 beaches and a temperate climate, the country is a true jewel in the Caribbean

Application Process

Month 1

Initial due diligence.

Months 2-4

Sign client agreement, complete government forms and provide supporting documentation. If purchasing real estate, sign an agreement with the developer.

Months 5-18

Application reviewed and submitted. Government complete due diligence.

Months 9-30

Government reviews the application. On approval, government fees are paid and necessary contribution made. Passports are issued.