There is no doubt that Citizenship by Investment (CBI) has a thriving market, while the recent pandemic has affected the whole world, more and more wealthy individuals are being attracted to this market.
Antigua and Barbuda are a sun-soaked Caribbean islands offering an enticing CBI program since 2012 with a secure and fast-forward process.
Investors and their families can receive their second citizenship within 4 months and enjoy free movement at a time of global crisis, as Antigua and Barbuda’s passport enables its citizens to travel visa-free to more than 160 countries including Schengen Area, UK, Singapore, and Hong Kong.
Compared to other CBI programs, Antigua and Barbuda’s scheme is incredibly innovative and flexible in response to the circumstances.
Below we discuss some of these initiatives that were introduced by the Antigua government.
1. Investment in Business: Antigua and Barbuda state was the first to allow investment in approved businesses, the option that is now included in other CBI programs.
2. Investment in the University of the West Indies (UWI): Recently the government introduced a new investment method, in which the investment is made to the UWI and enables one member of a family of 6 to study for one year in this university with a tuition-free scholarship. Both the UWI fund and the National Development Fund (NDF) options are now the most popular methods among others, due to their suitability for large families.
3. Ease of becoming a citizen: As mentioned before, the Covid-19 pandemic becomes an incentive for high-net-worth individuals (HNWIs) to invest in CBI programs to facilitate their global mobility. Antigua makes this process easier as the successful applicants now can take their citizenship oath in consulates worldwide or via various audio-visual platforms.
4. Extending the dependents: The dependent families of the main applicant are now extended to future spouses, adult children up to the age of 30, unmarried siblings, future spouses of adult children, grandchildren, and parents or grandparents over the age of 55.
5. Expanding investment opportunities: Investors are now able to include the construction of new property and expansions in existing top-level properties with the potential to gain capital and returns on the investment.
The second citizenship of Antigua and Barbuda is a wonderful plan to guarantee your social and financial security and ensure your mobility in the time of an unforeseen political, economic crisis, or pandemic. By residing in Antigua, you can enjoy a luxury lifestyle, investment return, and tax beneficiary.
The MICS Global professional team is ready to assist you to opt for the best option for you and your family and guide you in every step of the process.
If you are interested in having a preliminary assessment of your situation, you can get a consultation from one of our experts by contacting us on our website https://mics.global/.
