The Government of Anguilla has officially announced the launch Anguilla Residency by investment (ARBI) scheme for $150,000 scheduled , which is scheduled to open in Q4 2018 (phase 1).
Anguilla’s RBI scheme is government’s interest in providing an ‘elevated’ status to visitors who make significant financial investments into the island.
Foreign investors get immediate permanent residency status bypassing the then 10 year living requirement with a path to British Overseas Territory (BOTC) citizenship.
Anguilla Residency by Investment (ARBI)
ARBI scheme to promote growth by:
- Encouraging investment into our local real estate market,
- Capitalizing the Government’s capital development fund which will allow critical investment in priority projects for the good of our island.
Program Benefits
- Low-tax jurisdiction that boasts slower paced living, a clean environment, low air pollution, low crime rates and a relatively good quality of life set amidst a tropical climate, amazing food, people and beautiful beaches.
- Make Anguilla their second home, by conferring the right to reside in Anguilla year-round without being subject to immigration control.
- Alternate country of residence for investors and their family members for tax planning and other purposes.
Investment options
The permits of permanent residence can be granted based on making a significant financial investment into one of three schemes of at least a given minimum.
1. Capital Investment Fund ($150,000)
The Capital Development Fund is a special fund that will established by the Government of Anguilla for the purpose of financing public sector projects in an effort to grow, develop and diversify Anguilla’s economy and fund meaningful social projects.
2. Real Estate Investment ($750,000)
Property must be held for five years for a family of four. Additional family members, the value of property must be $100,000 each
3. Tax Residency
The granting of a certificate of Tax Residency in Anguilla is being explored as an important tangible offering to investors who desire an alternate country of residence for tax planning purposes. This route will have very specific criteria and rules to ensure that it is marketable without being in contravention of global compliance rules.
Route to BOTC & British Status
Permanent Resident status can be an attractive route to becoming a British Overseas Territories Citizen and eventually a British Citizen. However, the naturalization process to become a BOTC requires that the applicant has been lawfully residing in Anguilla for at least 9 months per year for a consecutive five year period prior to the date of application and a similar time requirement applies to registration as a British Citizen. However, Government recognize that the time requirement enshrined in British Law is admittedly quite restrictive and therefore we do not consider this pathway to be the major attraction of our program, although it still remains a beneficial possibility for the smaller category of permanent residents of Anguilla who actually want to live here year round.
Launch of Program
Phase 1: 4th quarter 2018 (tentatively)
- Retroactive Fast Track Application Period
- Relaxed application process
- Past Real Estate Investments (completed before launch date)
Phase 2: 1st quarter 2019 (tentatively)
- Full Program with All Residency Pathways Open
- New Investors Application Period begins
- Need for well-placed marketing agents and apparatus Will secure such services ahead of Phase 2 launch
Due Diligence
A program that bypasses the 10 years of residence requirement, demands a robust due diligence process is followed to verify the information submitted, and review—in great detail—the present and past activities of applicants in effort to ascertain a risk profile of prospective permanent residents of our island. Use of well-reputed international due diligence companies to verify the authenticity, correctness of information contained in application package. Companies used for due diligence : Thomson Reuters, Exiger , Wealth X ,Other Companies
Revocation Clause protects the integrity of the program
In accordance with Sections 24 and 25 of the Immigration and Passport Act, the Governor has the right to revoke any Permanent Residence with immediate effect in the event of: Involvement in illegal activity of any card holder as laid out in the Act previously; A breach of any of the conditions of the grant of their permit e.g. re-selling real estate in under 5 years
Fee schedule
The fee schedule for CDF and Real estate, in addition to investment criteria
There is also fast track application process available for additional fee with 30 day turnaround.
Authorized agents
The Government will also appoint authorized agents and will not accept applications at the ARBI Office without an agent. Responsibility of authorized agents to be the first point of verification/due diligence to advise clients on their likelihood of meeting the eligibility profile
The official website for ARBI will open soon http://anguillaresidency.com
