luxury locations issue 21

PROPERTY

CITIZENSHIP BY INVESTMENT: WHAT ARE THE ADVANTAGES? C itizenship by investment (CBI) programmes have become increasingly popular among passport from Antigua and Barbuda, citizens can travel visa-free or obtain a visa on arrival to more than 150 countries, including the

individuals seeking to acquire a second citizenship and passport. Antigua and Barbuda, a small island nation in the Caribbean, is one such country that offers CBI. Across the Caribbean there are a number of these schemes. In Antigua and Barbuda, the CBI programme is referred to as the Citizenship Investment Programme or, more commonly, ‘CIP’. All of the programmes across the Caribbean are similar in structure but may use slightly different acronyms despite the commonalities. These programmes allow investors to obtain citizenship and a passport in exchange for a significant financial contribution to the country’s economy. In this article, we will discuss the advantages of CBI programmes offered by countries such as Antigua and Barbuda. 1. Visa-free travel One of the most significant advantages of acquiring a second citizenship through a CBI programme is visa-free travel. With a

United Kingdom, Schengen countries, and Canada. This allows investors greater freedom to travel and conduct business internationally without the restrictions of visa requirements. 2. Business opportunities Acquiring a second citizenship can also open up business opportunities. Citizenship from Antigua and Barbuda can allow investors to access business opportunities in the Caribbean region, which is home to many emerging markets. Investors can take advantage of tax incentives, access to free trade agreements, and a favourable business environment to start new businesses or expand existing ones. 3. Access to education and healthcare Citizenship from Antigua and Barbuda also grants investors access to quality education and healthcare. The country has a well-developed education system, a high literacy rate and a wide range of public and private schools. The healthcare system is

also well developed, with modern medical facilities and trained healthcare professionals. Investors can benefit from access to these services and provide their families with quality education and healthcare. 4. Security and stability Investors can also benefit from the security that comes with acquiring a second citizenship from a stable country. Antigua and Barbuda is a politically stable and peaceful nation with a low crime rate. Investors can have peace of mind knowing that they and their families are safe and secure in their new home.

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