Why Antigua & Barbuda is becoming a prime destination for investors?

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Antigua and Barbuda is a sovereign state in the West Indies, lying between the Caribbean Sea and the Atlantic Ocean. It consists of two major islands, Antigua and Barbuda, and a number of smaller islands. The permanent population is about 81,800 and the capital and largest port and city is St. John’s, on Antigua. The country’s name was given by Christopher Columbus in 1493 after discovering the island. It is nicknamed “Land of 365 Beaches” due to the many beaches surrounding the islands. Its governance, language, and culture have all been strongly influenced by the British Empire, of which the country was formerly a part, gaining sovereignty on November 1st, 1981. It remains a member of the Commonwealth and Queen Elizabeth II is still the head of state. Antigua is the larger of the two islands and is easily accessible on direct flights from the UK, USA, and Canada.

Antigua and its flatland topography was well suited to produce its early crops of tobacco, cotton and ginger. The main industry, however, developed into sugar cane farming which lasted for over 200 years. Today, with its 30-year independence from Britain, Antigua’s key industry is tourism and related service industries accounting for over 60% of their GDP.

Antigua, like many Caribbean nations, has experienced a challenging economic environment in recent years.  The Government has created and implemented several public and private initiatives in order to stabilize and restructure the economy. One of the initiatives to support the island nation’s economy was the introduction of a Citizenship-by-Investment program (CBI or CIP).

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Antigua’s Citizenship-By-Investment program is divided into three investment streams from which the investor and his family can choose according to their needs:

  • Contribution to the National Development Fund of a minimum of USD 100,000 per application;
  • Investment of USD 200,000 in one of the Government-approved real estate projects; or
  • Investment of a minimum of USD 1,500,000 directly into and eligible business.

One example of already built investment among others is Tamarind Hills. Set on a sunset-facing cliff on Antigua’s glorious west coast between Darkwood and Ffryes, two of the island’s most beautiful beaches, Tamarind Hills offers a stunning collection of villas beautifully designed for a contemporary and stylish Caribbean getaway.

Approved as a qualifying investment under the Antigua’s CIP, Tamarind Hills’ luxury complex of villas is located just over 20 minutes from Antigua’s international airport and 15 minutes from the capital, St. John’s. The master plan includes a full set of amenities such as tennis courts, dining facilities, pools, a watersport center and shopping galleria as well as a spa and fitness club. The minimum investment was initially set at USD 400,000 but was recently reduced at USD 200,000 in the event the applicant applies with another related investor under this Limited Time Offer.

In 2009, the Antigua and Barbuda government signed a visa waiver agreement with the EU which allow Antigua and Barbuda citizens to visit all Schengen countries without a visa. The Antigua and Barbuda passport is an excellent travel document and grants access to over 130 countries in the world, including Hong Kong, Singapore, the UK and Europe without challenging visa requirements.

Additionally, being a member of the Commonwealth, Antigua and Barbuda citizens are entitled to certain privileges in the UK and in other Commonwealth countries.

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Harvey Law Group (HLG) is a leading multinational law firm specializing in corporate law and investment immigration with a worldwide reputation for representing high-profile clients and corporations, with over 19 offices worldwide. As the top immigration consulting law firm, HLG offers most comprehensive residency and citizenship programs available to date.

HLG was awarded for Immigration Law Firm of the Year at the 13th and 17th annual Macallan ALB Hong Kong Law Awards 2014 and 2017.

For further inquiries or investment immigration program opportunities, please contact HLG Managing Partner, Mr. Bastien Trelcat [email protected] or Ms. Krittiya Keeratiyut, Office Director [email protected]

 

Call +6626701848 or visit www.harveylawcorporation.com or FB: https://www.facebook.com/HLGThailand/

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