Antigua and Barbuda’s Citizenship by Investment Program (CBI) has emerged as one of the most attractive options for investors seeking second citizenship in a stable, picturesque Caribbean country. One of the program’s key features is its affordability compared to other nations offering similar programs. In this article, we’ll delve into the Minimum investment for Antigua and Barbuda citizenship, exploring the available investment options, the specific costs, and the benefits of securing citizenship through this program.
Antigua and Barbuda Citizenship by Investment Program?
Antigua and Barbuda’s Citizenship by Investment Program was established in 2013 to stimulate the country’s economy by attracting foreign investors. In exchange for a financial contribution to the nation, investors can gain citizenship and all the associated privileges. The program is popular for its relatively low Minimum investment for Antigua and Barbuda citizenship, flexible options, and streamlined application process.
Benefits of Antigua and Barbuda Citizenship
Before diving into the specifics of the minimum investment for Antigua and Barbuda citizenship, it’s essential to understand why obtaining citizenship in this Caribbean nation is so appealing. Some of the benefits include:
- Free travel VISA: Antigua and Barbuda citizens can travel visa-free to more than 150 countries, including the UK, the Schengen Area, China, Hong Kong, and Singapore.
- No global income tax: The country does not tax foreign-earned income, making it a tax-efficient option for global investors.
- Dual citizenship: Antigua and Barbuda allows dual citizenship, meaning you won’t have to give up your current citizenship.
- Inclusion of family members: The program allows investors to include their spouse, dependent children, and dependent parents or grandparents in their application.
- Efficient process: The entire process takes between 3 to 6 months, and there’s no requirement to reside in Antigua and Barbuda during or after the application process.
Minimum Investment for Antigua and Barbuda Citizenship
The minimum value for investment for Antigua and Barbuda citizenship varies depending on the investment option you choose. The government offers several pathways to citizenship, each with its own set of requirements, minimum value, and benefits. Below are the key investment options available.
National Development Fund (NDF) Contribution
The most cost-effective and straightforward way to obtain Antigua and Barbuda citizenship is through a contribution to the National Development Fund (NDF). This government-managed fund supports various national projects, from infrastructure development to social programs.
- Minimum investment for Antigua and Barbuda citizenship: A non-refundable contribution of $230,000 for a single applicant or a family of up to four members.
- Additional fees: Due diligence and processing fees apply as the table below.
Government Fees
| Main Applicant (Up to a family of four) | $30,000 |
| Additional Dependent | $10,000 |
Due Diligence Fees
| Main Applicant | $7,500 |
| Spouse | $7,500 |
| Dependent aged 12-17 | $2,000 |
| Dependent 18 years and over | $4,000 |
This option is popular due to its affordability and simplicity. Once you make the contribution and pay the necessary fees, you’ll be well on your way to securing citizenship.
Real Estate Investment
For those who prefer to invest in property, the real estate route offers a second pathway to citizenship. Antigua and Barbuda’s real estate market is thriving, driven by its vibrant tourism industry and natural beauty. The minimum investment for Antigua and Barbuda citizenship through real estate is higher than the NDF contribution, but it allows you to own a tangible asset that can appreciate over time.
- Minimum investment for Antigua and Barbuda citizenship: $300,000 in government-approved real estate projects. The property must be held for at least five years.
- Additional costs: Real estate purchase-related fees, as well as government fees, due diligence, and processing fees as below:
Government Fees
| Main Applicant (Up to a family of four) | $30,000 |
| Additional Dependent | $10,000 |
Due Diligence Fees
| Main Applicant | $7,500 |
| Spouse | $7,500 |
| Dependent aged 12-17 | $2,000 |
| Dependent 18 years and over | $4,000 |
This option is ideal for those who wish to combine the benefits of citizenship with the potential for capital appreciation or rental income from their investment.
University of the West Indies (UWI) Fund
For larger families (six or more members), a unique and relatively new option is the University of the West Indies Fund. This fund supports the UWI’s fourth campus in Antigua and Barbuda, and the investment comes with the added benefit of a scholarship for one family member.
- Minimum investment for Antigua and Barbuda citizenship in UWI: A non-refundable contribution of $260,000 for families of six or more.
- Additional benefits: Includes a one-year tuition-free scholarship for one family member at the University of the West Indies.
This option is particularly appealing for families looking to invest in education while securing their Antiguan citizenship.
- Additional fees: Due diligence fees apply as the table below.
Due Diligence Fees
| Main Applicant | $7,500 |
| Spouse | $7,500 |
| Dependent aged 12-17 | $2,000 |
| Dependent 18 years and over | $4,000 |
Application Process for Citizenship by Investment (CBI)
Once you’ve selected your preferred minimum investment for Antigua and Barbuda citizenship, the application process is relatively straightforward. Here are the basic steps:
- Choose an authorized agent: All applications must be submitted through a government-authorized agent, who will guide you through the process.
- Prepare the required documents: You’ll need to provide copies of your passport, birth certificate, medical report, police clearance, and proof of funds, among other documents.
- Submit your application: Your agent will submit your completed application to the Citizenship by Investment Unit (CIU).
- Pay government and due diligence fees: In addition to your investment, you’ll need to pay government fees and undergo a background check, which takes approximately three to six months.
- Make the investment: Once your application is approved, you’ll complete your chosen investment (NDF contribution, real estate, or business investment).
- Receive citizenship and passport: After completing the investment, you’ll receive your Certificate of Citizenship and can apply for an Antiguan passport.
In the end; it is illustrated that Antigua and Barbuda’s Citizenship by Investment Program offers a flexible and affordable route to second citizenship, with several investment options to suit various financial circumstances. The Minimum investment for Antigua and Barbuda citizenship starts as low as $230,000, making it one of the most accessible citizenship programs in the Caribbean. Whether you choose the National Development Fund, real estate, business investment, or the University of the West Indies Fund, the benefits of obtaining citizenship are undeniable.