In­vestors are tempted by lure of is­land cit­i­zen­ship

7 Days in Dubai - - NEWS -

Visa-free travel to 131 coun­tries, in­clud­ing the United King­dom and Canada, was among the ap­peal for in­vestors at yes­ter­day’s con­fer­ence on in­vest­ment and cit­i­zen­ship in An­tigua and Bar­buda. A $200,000 in­vest­ment in the Caribbean na­tion’s Na­tional Devel­op­ment Fund would make you el­i­gi­ble for cit­i­zen­ship, along­side a pro­cess­ing fee of $50,000. An­tigua and Bar­buda Prime Min­is­ter Gaston Brown told 7DAYS that the ben­e­fits for in­vestors are clear. ‘ We have the fastest grow­ing econ­omy in the Caribbean,” he said. “At no point has there ever been a de­cline in the value of real es­tate. “You can be sure of good sus­tain­abil­ity on your in­vest­ment.” He said any­one who in­vests in prop­er­ties or busi­nesses in An­tigua and Bar­buda will be ex­empt from pay­ing tax for 25 years. Brown added that Dubai is the model on which he is hop­ing to build his coun­try’s fu­ture growth. A trade agree­ment be­tween the UAE and An­tigua and Bar­buda is ex­pected to be signed to­day.

IDYL­LIC: Jolly Habour in sunny An­tigua

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.