Antigua and Barbuda has become one of the most popular destinations for people looking for a second passport through investment. The Caribbean nation has recently updated its citizenship by investment (CPI)programme. The new changes offer fresh opportunities for high-net-worth individuals looking for better international travel and strategic financial benefits.
What is the Antigua and Barbuda CPI programme?
Antigua and Barbuda's Citizenship by Investment programme allows investors to obtain citizenship through qualified financial investments. These investments can range from real estate purchases and national fund contributions to business ventures. In return, successful applicants receive residency and a second passport that provides better global travel freedoms.
Key CPI changes for 2024
The Caribbean nation has implemented several notable changes to its citizenship scheme. First and foremost, investment thresholds have been adjusted. The minimum real estate investment now stands at $300,000.
Contributions to the National Development Fund require $230,000 for up to four applicants. Families of six or more applying for citizenship through the high educational institution donation route must now provide at least $260,000.
A significant procedural update requires all applicants aged 16 and older to participate in a virtual interview. This new due diligence step ensures thorough screening of potential citizens.
Why consider Antigua and Barbuda for citizenship by investment?
The programme offers compelling advantages for investors. Passport holders enjoy visa-free access to numerous countries, making international travel easier and more hassle-free. The country permits dual citizenship, allowing investors to retain their original nationality.
Tax benefits represent another big appeal. Antigua and Barbuda imposes no capital gains tax, inheritance tax, or worldwide income tax. This creates an attractive financial environment for global investors after tax optimisation strategies.
Investment options
Investors can choose from multiple pathways to citizenship. Real estate investment remains a popular route. Approved property purchases of $300,000 or more can secure citizenship. After five years, investors may potentially resell their property, offering additional financial flexibility.
The National Development Fund provides another option. Contributions support national infrastructure and economic development while fast-tracking citizenship applications.
The application process typically takes between three and four months. Applicants must submit key documentation, including personal identification, financial records, and a clean criminal background. Government-approved agents manage application submissions. Thorough due diligence checks investigate applicants' financial backgrounds and international security standings.
Family considerations and residency requirements
One big feature of the Antigua and Barbuda programme is its inclusivity. Investors can include spouses, children, elderly parents, and unmarried siblings in their application. The programme is also flexible. Citizens must only spend five days in the country within the first five years of citizenship. This minimal requirement suits investors with international business commitments.
How we can help
International Wealth Ventures offers expert guidance on citizenship by investment, retirement planning, and tax advice for a secure future. Our specialists can help you every step of the way when it comes to the Antigua and Barbuda CPI.