In 2021, the demand for the Antigua and Barbuda Citizenship by Investment (CBI) program increased by more than 30% compared to 2020. This number is set to rise as the trend of acquiring a second passport in such a volatile and uncertain world that we live in is gaining momentum.
Since the Antigua and Barbuda CBI is a popular choice among investors, high-net-worth individuals, and their families, it is natural that people have questions as they try to figure out if this program is right for them.
Thus, the High Net Worth Immigration team has compiled answers to the most frequently asked questions we receive regarding this program to help you better understand the specifics and make an informed decision.
What Is Antigua and Barbuda Citizenship by Investment Program?
Antigua and Barbuda Citizenship by Investment program, launched in 2012, is a pathway to obtaining a second passport through investment in real estate projects, establishment of a business, and contribution to the National Development Fund or the University of West Indies Fund.
Successful applicants of the Antigua and Barbuda CBI program can enjoy a range of benefits, from visa-free access to 165 foreign countries and territories, including the UK, the Schengen Area, and Hong Kong, generous tax system, favorable family reunification rules, and high quality of life, among others.
If you want to learn more about the program, its requirements, and the application process, check out our Comprehensive Antigua and Barbuda Citizenship by Investment Guide here.
FAQs About Antigua and Barbuda Citizenship by Investment Program
1. How Much Does the Antigua and Barbuda Passport Cost?
Despite the prevailing perception that you can buy an Antigua and Barbuda passport, this is actually not possible. However, the cheapest and fastest way to obtain an Antigua and Barbuda passport is via a one-time donation of $100,000 to the National Development Fund.
2. What Are the Benefits of Antigua and Barbuda Citizenship?
The Antigua and Barbuda citizenship by Investment program gives you many benefits, such as an Antigua and Barbuda passport, the right to reside in the country, visa-free travel to more than 165 countries, wealth protection, the chance to get a B-1/B-2 USA visa for stays of up to 180 days per year, and no need to give up your original citizenship.
3. How Many Countries Can You Go to With Antigua and Barbuda Citizenship?
One of the main perks of the Antigua and Barbuda passport is that it allows international visa-free or visa-on-arrival entry to 165 countries across Europe, Asia-Pacific, Africa, the Americas, and the Caribbean.
4. Is the Antigua and Barbuda Passport Good?
The Antiguan passport is ranked highly among global passports with a high overall mobility score, making it a desirable choice for individuals looking for trouble-free travel, financial advantages, and excellent business opportunities. Passport holders are still required to obtain a visa to enter the US, Australia, and Canada, among others.
5. Is Antigua Tax-Free?
Antigua and Barbuda is not entirely tax-free. But, under certain circumstances, Antiguan and Barbuda passport holders can enjoy no capital gains tax, 0% wealth, gift, or inheritance taxes, along with no tax on worldwide personal income. This allows high-net-worth individuals and investors to significantly reduce colossal tax liabilities.
6. Are You Obligated to Stay in Antigua and Barbuda Before Applying for Citizenship?
No, you are not required to enter the country before submitting your application for the Antiguan passport. Once you obtain the citizenship of this two-island nation, you must spend only 5 days during the first five years of holding the passport. During the visit to Antigua and Barbuda, you can establish your company, open a bank account, and apply for drivers license, if you wish so.
7. Is Family Eligible for Antigua and Barbuda Citizenship by Investment?
Yes, you can add family members to your Antiguan and Barbuda passport application. Eligible family members include the principal applicant's spouse, financially dependent children up to age 30, mentally or physically disabled children who are 18 or older, children with special needs fully supported by the main applicant, financially dependent parents or grandparents aged 55 or above, and siblings if unmarried and without children.
In total, five generations can benefit from the Antigua and Barbuda Citizenship by Investment – your family, children, grandchildren, parents, and grandparents.
8. What Are the Pros and Cons of Living in Antigua and Barbuda?
Antigua and Barbuda boast a warm tropical climate and picturesque beaches. It also has excellent links to the US, UK, Europe, and Canada, a safe environment for you and your children, low taxes, a modest cost of living, and fantastic tourism business opportunities. Complex access to specialty goods and natural disasters are the main downsides.
9. What Is the Cost of Living in Antigua vs. the US?
The cost of living in Antigua and Barbuda is approximately 8% less expensive than in the United States, according to data presented by Numbeo. Rent prices and most consumer products are lower in Antigua and Barbuda compared to the United States; however, local purchasing power in the States is considerably higher than in Antigua and Barbuda.
10. Do Antiguans Need a Visa to Travel to the United Kingdom?
Since Antigua and Barbuda is part of the Commonwealth, you do not have to obtain a visa to travel to the United Kingdom. In addition, as an Antiguan and Barbuda citizen, you can spend up to 6 months in the UK for tourism, medical treatments, or business meetings. You must obtain a separate visa if you want to study or work in the UK.
11. Can I Visit Schengen Countries With the Antiguan Passport?
Absolutely, holders of the Antiguan and Barbuda passport can travel to the Schengen Area for tourism purposes without requiring a visa. You can stay for up to 90 days in any 180 days.
12. What Are Antigua and Barbuda Restricted Countries?
Currently, applicants from Afghanistan, Iran, North Korea, Somalia, Yemen, and Sudan cannot apply for the Antigua and Barbuda Citizenship by Investment program. Further restrictions could apply; thus, it is vital to consult official government sources as the situation may change.
Click here to read our Comprehensive Guide on Nationalities Banned from Applying for Citizenship or Residency Programs in 2022.
13. Do I Need to Reside in Antigua and Barbuda for Citizenship?
You can hold Antiguan and Barbuda citizenship without permanently residing in the nation. To retain your Antiguan passport, you must visit the country for only 5 days during the first 5 years of your citizenship.
14. Is Antigua and Barbuda Crypto Friendly?
Antigua and Barbuda is the second nation in the world to recognize Bitcoin and other forms of cryptocurrency. Its authorities think doing so would boost the country's economy and speed up its growth. Hence, Antigua and Barbuda is an excellent place for cryptocurrency investors since it has no tax on wealth or capital gains.
15. How Much Money Is Required for Antigua and Barbuda Real Estate Investment?
The minimum amount for a single applicant for Antigua and Barbuda Real Estate Investment is $400,000. Alternatively, two candidates may jointly acquire a property valued at a minimum of $400,000, with each applicant investing at least $200,000. In addition, applicants must pay application processing and due diligence fees.
There has never been a better time to unlock your freedom and obtain a second passport in this beautiful Caribbean nation of Antigua and Barbuda. Holding dual citizenship comes with unparalleled privileges and advantages for you and your family, and we hope this article has answered some of your questions regarding the program.
If you want to discuss your case in more detail and get hands-on help with your application, get in touch with our team today.
We can help you secure a second passport not only in Antigua and Barbuda but also in other Caribbean countries and nations worldwide.