Antigua and Barbuda are two of the most popular places in the Caribbean Islands, especially for holidays and vacations. The exotic lifestyle, abundant with luxurious adventures and scenic beauty is enough to make anyone want to settle there for life. There are huge benefits in living in Caribbean Islands and if done properly, can ensure that you and your family have a safe and stable future.
If you are indeed applying in Antigua or Barbuda, you need an E-visa. An e-Visa is an official document permitting entry into and travel to Antigua and Barbuda. Applicants looking to move to Antigua or Barbuda can acquire their visa online after filling out the application and providing necessary details and making payments online.
It is important to note that as in the case of e-visas, respective Antigua and Barbuda immigration officials at the ports of entry reserve the right to deny entry into Antigua and Barbuda to a holder of an e-Visa without any explanation.
In order to fill out an e-visa application, you need to have a travel document which must be valid for at least 6 months onwards from the date you are entering the countries. There may be some more documentation required depending on the country you are living in. E-visa has been known for being extremely advantageous as it can be procured from anywhere where there is an internet connection. This can save a huge amount of time which would normally be spent on a paper-back visa application at overseas missions or ports of entry into Antigua and Barbuda.
In 2013, these countries had launched their own Citizenship-by-Investment program in order to make significant progress for their economies. There are three options where you can get citizenship by investment
- $250,000 donation to National fund (or)
- $400,000 investment in real estate (or)
- $1.5 million business investment
Antigua and Barbuda citizenship and passports is issued within 2-3 months, and has a 5-year validity.
There are several benefits for this program. The most prominent one is that a passport holder of Antigua or Barbuda can gain visa-free access to almost 133 countries all around the world including Western Europe, Canada, Far East, Southern Africa and most of the Latin America. Also the owner of an Antigua or Barbuda passport can gain the right of residency in most of the CARICOM (Caribbean Community) member states for any time and duration. Plus, during the first five years of citizenship, you only need to reside 35 days if you are applying through the Citizenship by Investment program of these two countries.
For investors, Antigua and Barbuda present various beneficial opportunities. Each individual has a personal allowance of EC$36,000 per annum. Individuals who are in the country temporarily (i.e. less than 183 days per year) will only be taxed on income arising in or derived from Antigua & Barbuda. The business and corporate tax rate is 25% of net profits, although attractive concessions are available to qualifying companies. In Antigua but not Barbuda, the property tax is levied on every property owned. The taxable value is based upon the property’s current market value construction replacement cost with the applicable tax rate dependent upon the classification of the property