Antigua Property Citizenship by Investment

Antigua and Barbuda, a true paradise, home to stunning white beaches, clean blue turquoise waters, lush tropical island,  one of the most beautiful places on earth for holidays and vacations.  Tourism drives over 60% of the economy with as many 800,000 tourists visit Antigua by air and cruise ships every year.  Antigua & Barbuda has membership with United Nations, British Commonwealth, CARICOM and OAS.  Antigua is also famous to yachting and leisure sports.

Buying a real estate property worth $400,000 qualifies for citizenship in Antigua and Barbuda under the Citizenship by investment programme under Section 6 of the Citizenship by Investment Act, 2014. The property can be freely sold off in the market after 5 years lockout period. There are property tax  2.5%, legal and escrow fees (1%) against a property purchase.

If you decide to apply for citizenship, you have to keep in mind that you have to pay Government fee ($50,000 for spouse, $25,000 per child), Due diligence fee ($7500/person) to the Government. If you dont want citizenship, only just real estate, you have to pay for 5% non-citizen license against the property value.

Most property developers will ask for 10% of initial deposit and you are required to pay the rest, only after getting approval the Citizenship investment unit  of Antigua & Barbuda (CIU). Citizenship leads to Antigua passport. Currently Antigua passport is ranked 3rd best passport in Caribbean with visa free travel freedom to 130 countries Schengen, United Kingdom, Singapore, Hong Kong, Canada. Investors are are exempt local taxes, including personal income, net worth, gift tax and estate duty. Rental yields for the property is 4-5% which will cover all the maintenance and running costs of property.

• USD 400,000 property investment in approved Antigua real estate projects for 5 years.
• Lifetime citizenship and passport for family within 3 months
• No visit or residence requirements required
• Application processing time is 3 months.
• Antigua passport offers visa free travel to Canada, United Kingdom, EU Schengen states to over 130 countries.
• No wealth, inheritance, foreign income, personal income taxes.

Famous names such as Giorgio Armani, Oprah Winfrey, Eric Clapton have brought their exclusive vacation homes in Antigua Barbuda. Recently Robert de Niro invested in a 250 million dollar mega hotel resort known as Paradise bay hotel in Antigua.

The process of acquiring citizenship in Antigua & Barbuda via a property purchase is relatively straightforward, must be done through authorized agent, representing the client.

• STEP 1 : Execute property reservation agreement with  10% deposit on property purchase and  sign purchase and sale agreement.
• STEP 2: Submit citizenship application to government (through agent) and pay due diligence fees ($7500 per adult) and 10% of government application fee $50,000 for spouse, main applicant, and $25,000 for children
• STEP 3:  In 90 days time, Antigua & Barbuda Citizenship Investment Unit (CIU) shall notify your approved agent in writing status of the application (delayed, approved, refused) and upon approval, agent will receive the “Letter of Approval” from the Government. Balance of property purchase price is paid into government approved escrow account. Balance of government application fees are paid. Property purchase closes and  ‘Certificate of Title’ sent to CIU unit
• STEP 4:   CIU will verify all the information related to property purchase and finally “Certificate of naturalization” issued to investor, which is a proof of Antigua citizenship. Agent will submit passport application takes approximately 10 days processing time, to receive “Antigua & Barbuda Passport”.  Investor will finally receive Sale deed title, Certificate of naturalization, Antigua passport.

Antigua has no capital gains, gifts, wealth, estate and inheritance taxes and income generated outside of the country (worldwide income) is not taxed locally. Antigua passport is initially valid for 5 years and upon expiry you can renew for another 5 years, provided you have visited Antigua  once for 5 days (your stamps in passport will be checked). No requirement to live in the country before or after becoming a citizen.

The following real estate developments are approved for citizenship in antigua and barbuda.

1. Galley Bay Luxury Villas

Galley Bay Heights  has 26 luxury villas are nestled in a tranquil atmosphere surrounded by tropical gardens filled with exotic flowers, palms, fruit trees and overlooking the beautiful Deep Bay and Galley Bay with breathtaking panoramic views of tropical landscapes and stunning sunsets.  This project attracted prestigious exclusive clients such as Giorgio Armani.

Prices start $400,000

2. Jolly Beach Resort

Resort and spa white sand and turquoise waters, surrounded by 40 acres of tropical gardens offering wedding and honeymoon packages. Jolly Harbour Marina offers a good choice of shops and local services with a very well stocked supermarket, golf, banks, a pharmacy and post office

Prices start $400,000

3. Hodges Bay

Hodges Bay is an ultra-exclusive residential beachfront resort and spa with luxurious oceanfront homes, penthouses, villas and suites with immersive luxury experience.  Purchasing a home at Hodges Bay you can become a citizen of Antigua.

$400,000 onwards

4. Harbour Island Residences

Located within Jolly Harbour the largest man-made Marina Community in the Eastern Caribbean with 230 villas with 18 Hole Golf Course, Bars & Restaurants, Super Yacht Terminal, Super Market, Shops & Banks,2 Spectacular Beaches, Gym and more. Investors can buy 2 Bedroom Apartment on a private island in the center of a gated and private marina community and qualify for citizenship.

Starting from $410,000

5. Ocean Grand Beach Villas

Beach villas for sale north western Antigua with great panoramic views available for investors who can buy a preferred share or full title ownership.

Prices start from $400,000

6. Trade Winds Hotel

Located north west of the island with over 50 rooms with breathtaking views across spectacular dickenson bay into the blue Caribbean with some great food, sports and entertainment.

Prices start at $400,000

7. Tamarind Hills

Five star beach front with stunning collection of freehold villas, townhouses and apartments for sale in the west coast of Antigua. One bedroom Kingfish properties available for investors who want citizenship by property investment which are fully owned free hold properties. Tamarind Hills is a 25 minute drive to the V.C Bird International Airport, and a 15 minute drive to the capital St Johns.

$400,000 onwards

8. Bluewaters Hotel & Spa

Antigua’s leading hotel for luxury living at soldiers bay with several freshwater pools, secluded beach coves and 17 acres of stunning tropical gardens with 116 rooms and 4 villas.

Prices start from $400,000

9. Pleasure Cove

Pleasure Cove Resort & Spa is a beachfront resort with luxury condos on runaway bay, Antigua,  overlooking turquoise waters, white-sand beaches and spectacular sunsets.

$400,000 onwards

10. Nelsons Retreat Apartments

Residential development six apartments at english harbour overlooking turquoise waters of Nelsons dockyard with impressive living spaces and concierge service.

Prices start at $400,000

11. Emerald Springs Villas

Tropical luxury villas overlooking turquoise waters with complete peace and serenity

$1,900,000 onwards

12. NonSuch Bay Resort

Nonsuch Bay Hotel promises guests a truly authentic and idyllic luxury Caribbean beach hotel experience with one,two bedroom villas and apartments.

$400,000 onwards

13. Papaya Hotel & Spa

Papaya Hotel’s 70-room boutique hotel with  one and two-bedroom villas on rendezvous bay, a perfect opportunity to own a  five-star property in one of the most stunning locations in the world. This hotel scheduled to open in 2017. Investors can buy a share in the hotel for $405,000 or full title for 800,000 dollars onwards

$405,000 onwards (share in hotel)

14. Southpoint Antigua

Luxury boutique hotel for travelers with stunning seaviews in the heart of english harbour with 23 luxury waterfront suites. Investors can buy a hotel room and qualify for citizenship

$400,000 onwards

15. Best Western Premier Hotel

Largest internationally renowned hotel with 126 suite rooms located in Harbour view on the South West coast of Antigua best known for its beautiful beaches and unique restaurants. Investors are invited to purchase a hotel room within the Best Western Premier, Antigua and place it into the rental management. 4% guaranteed returns for first 5 years with no operating costs.

Prices start $400,000

16. St James Club & Resort

Luxury beach resort and club over 100 acres on the southeastern coast of Antigua, ideal destination for vacations and holidays with access to two beautiful white-sand beaches such as Mamora Bay Beach, and Coco Beach in Antigua. All villas, suites and hotel rooms with stunning water views or serene garden settings.

$400,000 onwards

17. Half Moon Bay

Half Moon Bay is in quiet southeast coast of Antigua over 132 acres and more than 3,200 feet of beachfront next door to a 27-acre national park. Plans are proposed for the new half moon bay include a luxury branded five-star hotel on the beach, along with oceanfront and hillside villas, cottages, and estate lots.

18. Sugar Ridge Villas

Family owned boutique hotel in located at Sugar Ridge,  Antigua.

$400,000 onwards

19. Caribbean Free Trade Zone

Commercial real estate investment in Caribbean free trade zone – world trade center project (Antigua park) in the east of Antigua near international airport.  The minimum is 400,000 dollars but investments over 40 million dollars will be given a equity and a share in real estate ownership.

Starting from $400,000

20. World of Indulgence

New development of 3 ultra-luxurious villas in the 5 star Non-Such Bay resort is under way. The cost of a World of Indulgence property fraction is USD $450,000. All the investors will get an investment share in a 5-star branded home development on an established 5-star resort with worry-free ownership as maintenance and service charges covered by the rental programme.

Starts $450,000 onwards

21. The Peninsula Antigua

The Peninsula, Antigua offers a small number of quality plots for homes on the waterfront with breathtaking views. Land plots for sale range in size from 0.7 acre to 1.5 acres sloping towards the inlets within the bay. Prices start at US$225,000, and $4.90 per sq foot.

$400,000 onwards

22. Tolumnia Orchids

Private luxury real estate development comprising of private  2 luxurious villas (5000 sqft) on a superb elevated east enjoying an uninterrupted panorama to north, east and south over the Caribbean Sea.The Tolumnia Orchids development is a 1.5 acre site in Savannah, overlooking Willoughby Bay by Ondeck Living, an Approved Development Project under the Citizen by Investment Program Act, Antigua and Barbuda 2013.

$500,000 onwards

23. Passion Village Antigua

Passion Village is a dual development, comprising 10 residential homes with a communal swimming pool in valley church bay, a restaurant-Club House, and an additional 16 homes in a neighbouring plot not far from jolly harbour.

$550,000 onwards

24. Yacht Club Marina

Antigua Yacht Club Marina is ideally located among shops, boutiques and restaurants in Falmouth harbour. It is also a resort with 49 resort houses, 19 hotel rooms and suites.  This club offers unique experience in international yachting.

25. Dieppe Bay Villas

Dieppe Bay villas will see the construction of 84 condominium units with the first 36 units slated for completion by 2019 across 3 acres of beach-front property built at Dieppe Bay, in English Harbour.. Each villa will come fully furnished with top brand amenities and finish and they offer spectacular views of Falmouth Harbour and its surroundings. The property will also have its own large swimming pool and individual parking area.

$400,000 onwards

26. Tranquility Bay Hotel

All-suite Antigua resort fully furnished with a separate bedroom at Jolly harbour with private balcony.

$400,000

27. Verandah Estates

Villas for sale on long bay overlooking the stunning turquoise watersthe Caribbean Sea. Villa Purchase Price: US$400,000 (2-Bedroom) or US$450,000 (3-Bedroom). All major ownership expenses will be covered by rental income for a period of five years.Excess rental income over $1000 will be paid to the owner.

Starts at $400,000

28. Adams Business Hotel

Starts from $450,000

The Business Hotel and Conference Centre, Marble Hill, St. John’s comprises of 120 Luxury Condominium Units, Conferencing facilities, Lobby Area, Restaurant, Gym/Sporting Facilities, Olympic Size Swimming Pool, Spa, Concessionary Mart, Parking Areas and Green Spaces on a 10 Acre land site. It is located 10 minutes from the Capital, 15 minutes from the Airport and easy access to all Beaches and Activities.

29. Bucaneer Cove

A mega project by waterfront properties ltd with 2 and 3 bedroom penthouse apartments, villas with spa, gym, tennis court,  shops, pool coming soon  at Dickenson Bay, Antigua. The Bucaneer cove property is an approved project by Antigua and Barbuda Citizenship unit.

$400,000 onwards

30. Daniel Bay Luxury Villas

Prices start $2,900,000

Daniel Bay luxury villas by Blueprint development is gated development comprising of five stylish homes across breathtaking views of crystal blue turquoise waters.Each home will occupy 1/2 acre of prime, beach-front land and encompass approximately 6,500 square feet of impressive indoor and outdoor living spaces, with infinity pool and split level sun terraces, with privacy and security.