Antigua and Barbuda, also known as the land of 365 beaches, is a Commonwealth state located in the Eastern Caribbean, between the Atlantic Ocean and the Caribbean Sea. It is considered one of the most beautiful places in the world, infamous for its marvelous beaches, tropical weather, and outstanding nature, all of which resulted in the vast development of the tourism sector making it the major driver of the country’s GDP.
Many high net worth individuals around the world are opting to make Antigua and Barbuda their permanent home due to the many financial and business benefits which the country offers to its citizens.
History of the program
The Government of Antigua and Barbuda first introduced the program during the Global residence and Citizenship conference in 2012, and then introduced laws which govern the program and launched it after the parliament approval in 2013, this program was established to encourage foreign direct investment for the purpose of funding government-sponsored projects and initiatives.
Legal Authority responsible the program
Upon the introduction of the program, the government has appointed an independent governmental authority which is called the Citizenship by Investment Unit, the Unit’s main responsibilities revolve around managing the registration of licensed agents as well as to take full responsibility of processing the application for obtaining the citizenship of Antigua and Barbuda through Investment.
Program benefits and investment options
The Government of Antigua and Barbuda has modified the program in the year 2018 to accommodate the economic needs of the country after the significant hurricane damage that incurred in the year 2017, Antigua and Barbuda now offers three investment alternatives for investors who are willing to obtain its citizenship and enjoy the many benefits which the country provides for them and their families.
Stages and processing time
In order to obtain the citizenship of Antigua and Barbuda by Investment, applicants can only apply through the authorized representatives of the program, who will be responsible for the representation of the applicant and his family, through assisting them and submitting their applications to the Citizenship by Investment Unit (CIU), the process of obtaining the citizenship of Antigua and Barbuda through investment goes through several stages, which start by choosing and contacting the authorized representative, followed by the submission of documents then due diligence and background checks, and ends of obtaining the certificate of registration of citizenship which will be submitted to the passport office to obtain the passport of Antigua and Barbuda.