Antigua and Barbuda is a beautiful Caribbean country with several beaches and waterfronts that people looking for a vacation-like home would love.
Don’t get it twisted, Antigua offers its citizens more than just a beautiful place to live – evident by the number of people that have applied for its citizenship by investment program since its inception.
What is a Citizenship by Investment Program?
Citizenship by investment is a fairly recent program as the first program was launched in 1993. It offers people a chance of getting another passport by investing in the economies of the country.
It has been able to help individuals looking to own a stronger passport to ease their travel burden. It has also helped individuals looking for favorable taxation for their wealth among others.
Benefits of Owning Antigua and Barbuda Passport
If you’re not yet convinced about the Antigua & Barbuda passport by investment option, these benefits will win you over.
1. Visa-Free Travel to Over 130 Countries
Obtaining Antigua’s passport will grant you visa-free entry to over 130 countries of the world including the UK, the European Union, and many British Commonwealth countries.
This helps ease the burden on frequent travelers who spend time and resources seeking passports in every country they choose.
2. Security and Political Stability
One of the major reasons people look for second passports is because of the security situation and political instability in their parent countries, this puts them at risk of harm and loosing their business.
Antigua and Barbuda on the other hand provides a stable political structure that’ll let the economy thrive and ensure the security of life and property.
Antigua operates a democratic system based on the UK Westminster system. The crime rate is low in the country and it is considered one of the safest in the world as it has no issues with terrorism and other similar issues.
3. Dual Citizenship Allowed
Antigua and Barbuda allows for dual citizenship and you do not need to relinquish your other passport. it also means your parent country is not notified when you collect your Antigua passport.
Privacy is important for people seeking passports and this dual citizenship eligibility ensures your privacy.
4. Fast Processing Time
It takes about 90 days for your application to be reviewed and approved if all conditions are met. 90 days is a fast turnaround time especially important for people looking to get a passport immediately for travel or personal reasons.
It takes an additional 30 days for passport processing after approval.
5. Tax Relief
Antigua offers its citizens favorable tax conditions and that is a huge pull for individuals looking to secure their wealth.
There is no tax on income gotten outside the country and no capital gain or estate taxes. People looking for second passports for purely tax reasons are drawn to the mild taxation in Antigua.
6. Skilled Population
Antigua is a literate country with the literacy rate sitting at 95% as most of its citizens are skilled and educated. This brings many associated advantages including low crime rates, a higher standard of living, and a good amount of human resources for whatever business you decide to run in Antigua.
7. Lifetime Citizenship
Your Antigua citizenship is valid for life as long as you stay a minimum of 5 days in the first 5 years of obtaining the Antigua passport. This will allow you to renew your passport and after which the residency requirement is lifted.
8. Covers the Whole Family
Your children under 30 years will also receive passports, same with unmarried siblings under 30 years. This offer also stretches to dependent parents above 55 years.
You should note additional passports may require extra fees usually called passport processing fees.
9. Growing Infrastructure and Improving Business Environment
The government is striving to improve certain aspects of the economy including information technology, offering tax incentives to investors.
The country’s infrastructure is steadily improving with the influx of investors into the country which will better improve your standard of living.
Antigua offers its citizens a lot of benefits and this is why it is one of the most popular destinations for people seeking second passports.