Unlocking Opportunities in Antigua – Featured in Abode2’s Luxury Property Magazine
Citizens International is proud to share our feature in the latest edition (Vol 2, Issue 61) of Abode2‘s Luxury Property Magazine, where Antony Davenport delves into a conversation with Kal Dobbin, our Managing Director, to shed light on the seamless process of capitalizing on all that Antigua has to offer. You can read the full article on page 214 in their online digital edition, or continue reading below.
Why are high-net-worth North Americans and Europeans applying for citizenship in Antigua?
Most countries have immigration programmes and, after some time, have the opportunity to obtain full citizenship, however only a few offer immediate citizenship programmes like Antigua. The cost and value of Antigua citizenship make it a very compelling investment, not least for the lifestyle opportunities that follow, even if an immediate move isn’t planned. Over the past 5 years, the number of applications from North America and Europe has grown fivefold. Our clients are motivated to put an overseas hedge in place for themselves and their families. Political decisions, onerous taxation and the desire for a better life, underpin the move to secure a second citizenship, often described as the ultimate ‘Plan B’. As Licensed Government agents, our team assist applicants from all over to world to successfully apply for citizenship in the Caribbean. They further assist with post- citizenship services such as property investments, bank accounts and relocation.
What about dependent applications? Who can be included in the application?
You can include a spouse and financially dependent children up to 29 years of age. You can also include your dependent parents, grandparents and unmarried siblings (and those of your spouse). Future children and grandchildren may also be added in years to come.
What are the property investment options?
The minimum property investment required for one application is $200,000 USD and you must purchase an approved property. At the minimum level, villa fractions are available giving you a shared ownership in a luxury villa often with a usage period allocated to each shareholder. Whole ownership starts at around 500,000 USD and can rise into the tens of millions depending on the property being purchased. Some clients purchase a property for at least of $400,000 USD and split it 50/50 with another family member, or friend. Properties can be rented out when not in use and resold after 5 years. The next buyer can also apply for citizenship with the approved property investment. It can serve as a back-up property for retirement in due course, but even if you look at it as a medium-term investment, the market is quite buoyant in Antigua and Barbuda for well-located vacation properties.
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Citizens International: A Trusted Guide
As licensed government agents, our dedicated team at Citizens International assists applicants worldwide in successfully navigating the citizenship application process. Beyond citizenship acquisition, we extend our support to post-citizenship services, including property investments, bank accounts, and relocation assistance. Please do not hesitate to set up a free consultation with our team to learn more.
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