Antigua and Barbuda is an independent Commonwealth state located in the Eastern Caribbean, and it holds a constitutional monarchy and governs with a British style parliamentary system. The twin-island is surrounded by beautiful beaches of turquoise waters and is recognized as one of the paradises of the world.
The prime minister of Antigua and Barbuda, Gaston Browne, had announced on January 21st 2016 that the personal income tax will be abolished entirely as of April 2016, and stated that this was a promise made to the people of Antigua and Barbuda during the election campaign.
“Promise made, promise kept. Abolishing personal income tax is an important reform. Not only will it put more money in the pockets of the people, so that they can save or spend more for the benefit of the economy as whole, it will help to re-establish our country as one of the most competitive in the Caribbean and beyond.” said the prime minister.
In addition to the abolishment of personal income tax, Antigua and Barbuda does not force any estate tax nor inheritance tax, so Antigua and Barbuda will become the preferred destination for retirees and Citizenship by Investment (CIP) investors as it will encourage the headquarters of companies and professionals to relocate. The government of Antigua and Barbuda has formed the Citizenship by Investment program to allow such individuals to become citizens of Antigua and Barbuda and benefit from all these advantages offered to its people, as well as the freedom of movement that the Antigua and Barbuda passport allows to over 100 countries around the world, including Canada, the UK, and Europe.
Interested candidates including their families are granted citizenship in Antigua and Barbuda in return for their investments in the country. The Antigua and Barbuda Citizenship by Investment program has presented an attractive ) as a less expensive investment option: The National Development Contribution (NDC) through which a family of four has to pay only US $200,000 to obtain the citizenship plus the fees for the principal applicant and spouse. The fees are waived ($0) for two dependents under 18 years old.
The offer is coming to an end this month so interested individuals are encouraged to act fast and benefit from this limited time offer to become global citizens.
For more information on the Antigua and Barbuda Citizenship by Investment program, click here.
Please fill out our Free Assessment, and find out if you qualify under any of the business immigration programs offered.