Caribbean Citizenship: One More State Opens Up New Horizons
iCrowdNewswireMay 31, 2021 8:42 PM ET
Antigua and Barbuda is the fifth Caribbean state to expand its citizenship-by-investment program. Now the investor has the right to apply for additional family members.
Earlier, Grenada, Saint Lucia, Dominica, and Saint Kitts, and Nevis were getting themselves into the similar expansion of their programs. Due to such solutions, immigration to the Caribbean region is becoming more obtainable and profitable for transborder investors.
Changes in Antigua and Barbuda citizenship
The authorities of the island state adopted a regulation that changed the citizenship-by-investment program. The main innovations were the expansion of the number of candidatures and the state fees reduction.
Passport for relatives
Now, in addition to the contributing participant him/herself, citizenship can also be applied for:
the investor’s child (the age must not exceed 30 years, the child must be financially dependent on the qualifier)
the applicant’s child who has a physical or mental disabilities and lives with the investor (age 18 years and older)
the investor’s or spouse’s parents and grandparents (their age must be over 55 years old, they must be financially dependent on the investor)
unmarried brother and/or sister
future spouse of the investor
children’s partners (children must be financially contingent on the applicant)
grandchildren whose birth is still expected (subject to financial dependence).
Before the changes, the state duty for adult candidates was $75,000. Now its size has reduced to $50,000.
The state duty for grandchildren under five is now $10,000, and for grandchildren between six and seventeen $20,000.
Benefits of Antigua and Barbuda patriality
The Migronis specialists represent the primary profit of being a citizen of Antigua and Barbuda:
This passport was declared one of the best over the globe in 2019.
Henley and Partners ranked the Antigua and Barbuda passport 28th in the world in 2021.
This patriality is ranked fifth in the CBI Index’s international ranking.
Citizens of Antigua and Barbuda can travel to 151 states without a visa.
It takes 3-5 months for a depositor and his or her relatives to gain citizenship.
The request is done entirely online.
To renew a citizen’s status, an investor must stay in the state for just five days every five years after receiving a passport.
Second citizenship is permissible here.
The least possible prerequisites for the applicant are a clean reputation and good health, no criminal record (concerns severe criminal offenses), confirmation of the legality of funds, and no sanctions or prohibitions/restrictions on entry to the USA, Canada, the UK, and the European Union nations.
The bare minimum of spending. You will gain citizenship by
investing $125,000 in the state development fund (note it is a non-refundable capital outlay).
contributing $200,000 in real estate on the island.