citizenship by investment programmes we offer
Where did Citizenship by Investment begin?
The Caribbean nation of St Kitts and Nevis unveiled the world’s first-ever citizenship by investment program in 1984, and was the first region to provide citizenship by investment to people living overseas. Nowadays, all Caribbean schemes offer at a minimum of two pathways to becoming a citizen through an investment; Option one is to make payments to a government fund, which in turn is spent on developing the local community and economy. Option two requires an individual to invest in a certain piece of approved real estate. This real estate is chosen by the government and usually includes apartments and hotel shares. Ever since that time, citizenship by investment in the Caribbean has grown in popularity. It has become increasingly trustworthy to investors who wish to benefit from a peaceful, stable life and increased mobility for themselves and their families.
Which other countries take part in Citizenship by Investment?
Countries which currently offer a fast track to citizenship via investment in this way include Australia, the USA, Canada, Switzerland, Malta, Cyprus, Austria and the United Kingdom.
Each country sets out its own eligibility criteria, however it’s worth noting that programs offered in Canada, the US and the UK can be more costly and time consuming. Essentially they offer the same benefits as Antigua and Barbuda, but with extra taxation involved. In most of these countries, once citizenship by investment has been obtained you are then part of that country’s taxation system. This is not the case though in Antigua and Barbuda.
What is attractive about Citizenship by Investment in Antigua and Barbuda in particular?
The Citizenship by Investment program in Antigua and Barbuda gives applicants the chance to be granted citizenship whilst enjoying the opportunities of investing in an exceptionally low tax twin state. Indeed, in Antigua and Barbuda there is no worldwide income tax, estate tax, death tax or capital gains tax.
Benefits of Citizenship by Investment
Citizenship by investment programs have become very well established over the last three decades. They have successfully provided a great number of benefits which have attracted hundreds of thousands of foreign nationals to enjoy second citizenships all over the world. Indeed, acquiring a second citizenship is a fantastic asset on its own, and in itself carries a huge range of diverse and beneficial elements. Furthermore, all citizenship by investment programs allow the overseas investor to bring dependents into the country such as their spouse and children. Many countries also offer foreign investors exceptional tax breaks.
Last but by no means least, a small number of countries also offer their overseas investors the opportunity to bypass the normal requirement to become a permanent resident completely before citizenship can be sought. This means that the investor and their family would become citizens immediately after the investment application has been approved, regardless of how long they’ve already been in the country. The benefit of this is that ultimately second citizenships can be gained in less than twelve months, depending on the country’s application processing time.
Disadvantages of Citizenship by Investment
Despite the huge advantages for both country and investor in citizenship by investment, there are some potential disadvantages which are worthy of note. For instance, some investment programs will offer only temporary residence initially, which can be revoked if the overseas investor turns out to not be eligible. For example, some governments stipulate their investors much create and maintain a certain number of new full-time jobs made available for the country’s citizens. If the investment fails to meet this criteria and not enough jobs are created, the individual will lose the investment funds and will not become a citizen.