Citizenship by Investment Program ANTIGUA AND BARBUDA

Transcription

1 Citizenship by Investment Program ANTIGUA AND BARBUDA

2 Barbuda Saint John Saint George Saint Peter Saint Mary Saint Philip Saint Paul FAST FACTS Capital: St. John s Independence from United Kingdom: 1 November 1981 Government: Parliamentary Democracy under Constitutional Monarchy Currency: East Caribbean Dollar Area: 443 km² Official language: English 2016 PassPro

3 LAND OF 365 BEACHES Famously said to have a beach for every single day of the year, Antigua and Barbuda is one of the Caribbean s premier destinations for those wishing to sail luxury yachts, trek through lush tropical rainforests and dive spectacular reefs and wrecks. A former British colony, Antigua and Barbuda retains strong links with the history, culture and language of Britain which continue to echo across its candycolored villages and imposing old forts. In 2015, Antigua and Barbuda opened the new USD 100,000 million VC Bird International airport, one of the most modern international airports in the Caribbean islands. The new airport further enhances the nation s profile as the most interconnected nation in the Caribbean, serving as the key international gateway to the Eastern Caribbean islands with direct flights from the US, Canada and Europe. Antigua and Barbuda s banking sector is the second largest in the Eastern Caribbean region, accounting for one-fifth of regional deposits, assets and loans. Antigua and Barbuda s educational sector has seen a growing interest in medical education and is home to the University of Health Sciences Antigua (UHSA) and the American University of Antigua, both of which attract medical students from outside the island nation.

4 WHY ANTIGUA AND BARBUDA? Antigua and Barbuda s Citizenship By Investment Program is among the newest in the Caribbean region, but it has fast gained popularity. Regulations governing the program are contained in Section 6 of the Citizenship by Investment Act, Benefits of Obtaining Antigua and Barbuda Citizenship A speedy and straightforward application process. Visa free access to 134 countries including Canada, Hong Kong, Singapore, UK and the Schengen States. Antigua and Barbuda does not require you to renounce your current citizenship, allowing you to hold dual citizenship. Citizens need to spend only five days over a five-year period in Antigua and Barbuda, a condition that can be fulfilled either at once or separately. This gives you the freedom to secure permanent citizenship at your own convenience within the allocated time frame. Applicants can process spouse and additional dependents (dependent children under 26 years and dependent parents/grandparents over 65 years) as part of a single application. The local currency, the Eastern Caribbean Dollar, is pegged to the US dollar, giving you and your business financial benefits and security. Antigua and Barbuda is a member of the Caribbean Community (CARICOM), offering the benefit of freedom of movement and employment (for skilled nationals) and Duty Free trading within the 15 Caribbean nations and dependencies. Antigua and Barbuda is a member of the United Nations and Commonwealth of Nations. No taxation on worldwide income.

5 ACCESS TO 66% OF THE WORLD The following countries offer visa free access or visa on arrival to citizens of Antigua and Barbuda* Anguilla Armenia Aruba Austria Bahamas Bangladesh Barbados Belgium Belize Bermuda Bolivia Bonaire, St. Eustatius & Saba Botswana Bulgaria Burundi Cambodia Canada Cape Verde Cayman Islands Chile Colombia Comoros Cook Islands Costa Rica Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Estonia Fiji Finland France French Guiana French Polynesia French West Indies Georgia Germany Gibraltar Greece Grenada Guatemala Guinea-Bissau Guyana Haiti Honduras Hong Kong (SAR China) Hungary Iceland Ireland (Republic) Italy Jamaica Jordan Kenya Kiribati Korea (Republic) Kosovo (Republic) Lao People s Democratic Republic Latvia Lebanon Lesotho Lithuania Luxembourg Macao (SAR China) Macedonia (FYROM) Madagascar Malawi Malaysia Maldives Mali Malta Mauritius Mayotte Micronesia Montserrat Mozambique Nauru Nepal Netherlands New Caledonia Nicaragua Niue Norway Palau Panama Peru Philippines Poland Portugal Reunion Romania Samoa Seychelles Singapore Slovakia Slovenia Solomon Islands South Africa Spain Sri Lanka St. Kitts and Nevis St. Lucia St. Maarten St. Vincent & The Grenadines Suriname Sweden Switzerland Tanzania Timor-Leste Togo Trinidad and Tobago Tunisia Turkey Turks and Caicos Island Tuvalu Uganda Ukraine United Kingdom Vanuatu Venezuela Virgin Islands (British) Zambia Zimbabwe * The above list is subject to change. Please contact relevant Government authorities prior to making any travel arrangements to the countries listed above.

6 QUALIFYING CRITERIA To qualify for citizenship, the primary applicant must be over 18 years of age and meet all application requirements, including being of good character and sound health. INVESTMENT OPTIONS OPTION 1 National Development Fund (NDF) A non-refundable contribution of USD 200,000 for a family of up to 4 persons in addition to Government Processing fees of USD 50,000 for the principal applicant and spouse each, and free for up to two dependents. For a family of 5 or more, a non-refundable contribution of USD 250,000 in addition to Government Processing fees of USD 50,000 for the principal applicant and spouse each, and free for the three youngest dependents. Government processing fees apply for the 6th dependent onwards based on age as per the prescribed fees below. OPTION 2 Real Estate Investment Property investment in a Government approved project for a minimum of USD 400,000 plus Government Processing fees, Due Diligence fees, Property Registration and Other fees. The property investment should be retained for a minimum of five years. OPTION 3 Business Investment Business investment in an approved business in Antigua and Barbuda for a minimum of USD 1.5 million plus Government Processing fees and Due Diligence fees.

7 OTHER APPLICABLE FEES Government Processing Fees Main Applicant: USD 50,000 Spouse: USD 50,000 Dependent aged 0-17: USD 25,000 Dependent aged 18-25: USD 50,000 Dependent parents/ grandparents aged 65 and above: USD 50,000 Due Diligence Fees Main applicant: USD 7,500 Spouse: USD 7,500 Dependent aged 12-17: USD 2,000 Dependent aged 18 and above: USD 4,000 Passport Issuance Fee: Advisory Fees: USD 300 per person Contact PassPro at PassPro will prepare specific and up-to-date cost estimates for clients on an individual basis at the time of application. PassPro conducts a pre-qualification process. In the case of rejection of an applicant s submission, PassPro s advisory fees will be fully refunded.

8 GET STARTED TODAY Applications to the Antigua and Barbuda Citizenship By Investment Program can only be submitted by Government Authorized Agents. MONTH 1 Step 1: Prequalification of the applicant. Step 2: Preparation of required documentation. Step 3: Payment of Due Diligence Fees, 10% nonrefundable Government Fees, applicable advisory fees and reservation of property investment fees if applicable. MONTH 2-3 Step 4: Submission of Citizenship Application to the Citizenship Unit. Step 5: Application is vetted by the Government through a thorough due diligence background check. Step 6: Citizenship Approval is granted. MONTH 4-5 Step 7: Citizenship Investment is executed to the Government of Antigua and Barbuda or Real Estate Payment to the Developer along with 90% balance of Government Fees. Step 8: Granting of Citizenship Certificate and Passport. MONTH 6 Step 9: Final relevant payments upon delivery of Passport. The above timeline is indicative of a typical application. Actual timelines may vary on an individual basis.

9 At PassPro we are privileged to change lives every day.