Secondcitizenship by Investment - PowerPoint PPT Presentation

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Secondcitizenship by Investment

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ANTIGUA AND BARBUDA Caribbean Citizenship-by-Investment Program – PowerPoint PPT presentation

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Title: Secondcitizenship by Investment


1
SECOND CITIZENSHIP BY INVESTMENT ANTIGUA AND
BARBUDA
2
ABOUT
  • Antigua and Barbuda is a Caribbean country
    consisting of two major islands, Antigua and
    Barbuda. The island country is in the heart of
    the Lesser Antilles archipelago.
  • The official name is 'Antigua and Barbuda.' 'The
    Rock,' as locals know it, consists of two major
    islands Antigua, which has 81,800 people, and
    Barbuda, with 1,700 people. Together they have a
    total population count of 83,500 people spread
    over 442 km² (171 mi²).
  • The capital city is St. John's on the Antiguan
    island, with 78,000 inhabitants.
  • A former British colony, it gained independence
    in 1981.

3
  • The second citizenship program of Antigua and
    Barbuda is one of the most attractive dual
    citizenship programs in the Caribbean.
  • It offers second citizenships for investments and
    contributions and provides visa-free travel to
    over 100 countries, including all countries of
    the European Union.
  • Investors benefit from no taxes on international
    earnings and capital gains made within five years
    after having obtained second citizenship status
    under the Citizenship-by-Investment Program
    (CIP) 
  • An additional advantage is that they do not need
    to renounce their original nationality. 
  • With its long tradition as a holiday destination,
    Antigua and Barbuda has developed into an
    all-year-round tourism destination offering
    activities such as sailing, water sports,
    golfing, diving, fishing, and eco-tourism.

4
  • The second citizenship program is regulated by
    the Antigua and Barbuda Citizenship Act, 2011
    (Citizenship Law). The requirements and
    procedures are governed by Citizenship By
    Investment Unit (CIU) under the Prime Minister's
    Office.
  • Participation in this second citizenship program
    requires investors to make a minimum
    non-refundable contribution to the country's
    National Development Fund (PDF) of US200,000
    plus real estate investments of at least
    US400,000.
  • The second citizenship application will only be
    processed after having made such contributions.
    Successful candidates can apply for second
    passports immediately after their successful
    investment has been approved. Those who receive
    dual citizenship will also enjoy visa-free travel
    to over 100 countries, including all countries of
    the European Union.

5
  • Investors should note that the Government will
    only approve second citizenships after
    contributing to the National Development Fund.
  • The requirements for second citizenship are given
    in detail in the Citizenship By Investment Unit
    Handbook. Successful applicants must meet strict
    due diligence criteria before second citizenship
    can be approved. In order to ensure high-quality
    second citizens among future dual citizens from
    Antigua and Barbuda, only very carefully checked
    candidates who have proven integrity, financial
    standing, and high moral character will be
    approved.
  • The second passport is a fully recognized and
    available travel document worldwide. It entitles
    second citizens to visa-free travel to over 100
    countries, including all countries of the
    European Union.
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