Investors are tempted by lure of island citizenship
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