Citizenship by Investment Program (CIP)
In 2013 the Government of Antigua and Barbuda announced a Citizenship by Investment Program (CIP) for individuals investing in approved property developments, making these properties very special and singular investment vehicles. Antigua’s government has continued to demonstrate its commitment to the tourism industry with projects such as the US $75M expansion of the international airport which is the region’s hub for international flights allowing increase flight numbers, passenger jet bridges and overall higher efficiency. Antigua levies no capital gains or inheritance taxes and there is no tax on income generated outside the country.
UPDATED December 2024 by Citizen International
As 2024 comes to a close, I want to take a moment to reflect on what has been a dynamic and productive year for Citizenship by Investment (CBI) in the Caribbean and, in particular, Antigua & Barbuda. We believe the Citizenship by Investment Unit (CIU) in Antigua & Barbuda processed over 1,500 applications this year—a significant milestone. While we await the government’s official statistics, this reflects a strong global interest in the program. A majority of these applications came from U.S. nationals, reinforcing Antigua & Barbuda’s appeal as a destination for those seeking new opportunities and a second citizenship. Economic Growth in Antigua By July 2024, stay-over arrivals reached 205,004, reflecting a 16% growth over 2023 and an 11% increase from 2019. This upward trend underscores the nation's appeal as a premier destination, highlights the advancement of its tourism industry and reinforces the value of investing in property here through the CBI program. Our Clients’ Preferred Programs Changes in Processing and Timelines Who’s Applying? A Stronger Regional Framework Our latest blog delves into the evolving landscape of Citizenship by Investment programs, stating that over 100,000 passports have been issued through Caribbean CBI programs since 2014, highlighting their popularity and global appeal. In 2024, we saw the highest number of applications to date, with Antigua & Barbuda leading the region in growth. This surge reflects the growing demand for dual citizenship as individuals prioritize mobility, security, and economic opportunity. At the same time, enhanced due diligence measures and increased collaboration among Caribbean nations have ensured the continued integrity of these programs. If you’re considering a second passport, understanding these insights will help you make informed decisions for 2025. A Look Ahead As we reflect on 2024, we want to extend our gratitude to those who entrusted us with their journey to citizenship this year. For those still in the process, we appreciate your patience and collaboration as we navigate the intricacies of your applications. To our clients who achieved citizenship this year, it was a privilege to celebrate your success, including welcoming many of you to Antigua for your oath ceremonies at our headquarters in Falmouth Harbour Marina. Antigua & Barbuda continues to experience a period of growth and transformation. We look forward to sharing updates on developments within the country and any changes to the citizenship pathways in the coming year. On behalf of the entire team at Citizens International and Paradise Properties Connection team, we wish you and your family a peaceful and joyous end to the year. We look forward to continuing our partnership in 2025 and supporting your aspirations |
Expats choose a second citizenship for several reasons, including better opportunities for themselves and their families, stronger passports for travel freedom, and even as an alternative plan. The COVID-19 pandemic has changed the situations for many expats, making their futures uncertain, and some with financial means may look to obtain another citizenship.
The COVID-19 pandemic has changed lives worldwide and introduced a general uncertainty around the future. Many expats might be interested in changing their current locations, either by returning to their home countries or immigrating elsewhere, and wealthy individuals have the option to get an alternative citizenship.
Knight Frank, in their Wealth Report 2021 stated, “nearly a quarter of UHNWIs (Ultra-High-Net-Worth Individuals) are planning to apply for a second passport or citizenship”.
Several countries in popular regions offer Citizenship By Investment (CBI) programs to qualifying individuals.
Antigua and Barbuda
Expats can get citizenship in the Caribbean nation of Antigua and Barbuda with a minimum donation of USD 100,000 plus other fees. The destinations you can travel visa-free with an Antigua and Barbuda passport include the Schengen area. You’ll also not face income and some other taxes. Check the different investment and donation options and fees.
Several other countries have CBI programs for qualifying applicants and families. Expats should make sure to understand all requirements applicable to their circumstances, including fees on top of the investment amounts and extra funds required for dependants, etc., as such amounts can be substantial.
Unfortunately, given the high price tag, CBI programs may not be an option for all expats. Some countries also don’t allow dual citizenship, and certain expats from such places may not wish to give up their home country’s citizenship.
Benefits of having more than one citizenship
Expats who obtain more than one citizenship by way of CBI or through other migration programs will generally have the following advantages.
• Access to a good quality of life and opportunities
Citizenship in a stable destination may provide a better quality of life for expats leaving their home countries due to uncertainty or other issues. For some, getting another citizenship might provide the opportunity to enjoy the best of two countries. Expats may even choose to split their time between the countries of citizenship.
A second citizenship will also open more job and business opportunities, in addition to social benefits, for qualifying individuals and their families.
• Lower tax bills
Depending on each person’s circumstances and the tax laws of their home countries, getting a citizenship in a tax-free destination may lead to lower tax bills. However, expats should get professional financial and tax advice ahead of making any tax-related decisions.
• Visit more destinations freely
For expats with weak home-country passports, a stronger second passport will provide a higher freedom of movement and reduce the burden of complex visa applications.
While there are benefits of having more than one citizenship, it may not be the case for everyone. Hence, expats who wish to obtain a second citizenship or multiple citizenships should check all relevant factors, obtain professional advice as required, and make an informed decision.
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