Tuesday, November 12, 2024

Buying a property in Antigua and Barbuda

Antigua & Barbuda is home to pristine white beaches, remain relatively undiscovered, leaving a world of paradise in the Caribbean. Antigua & Barbuda, as a former colony of the British, has been in the luxury tourism industry along  the other Caribbean islands.

There are two easy routes available to foreigners to buy a property in Antigua and Barbuda

  • Citizen: Buying an approved property under Antigua citizenship by investment programme, the minimum is US$ 400,000. You become a citizen of Antigua and Barbuda and owner of the property. There is a property tax of 2.5%. You also have to pay additional citizenship fees to the government (due diligence, government fee etc)
  • Non-Citizen: Citizens of other countries are required to apply for a non-citizens licence when purchasing land in Antigua. The cost of the licence is 5% of the property purchase price and approval takes approximately 3 months.

There is also a legal fee between 1% and 2%.

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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