Owning your own slice of paradise in the Caribbean is something you normally hear about in celebrity news: from Leonardo DiCaprio to Julia Roberts to Robert De Niro, purchasing Caribbean property (or even entire islands) might seem like nothing more than a Hollywood trend—but it’s not.
Markets for owning prime beach-front property have broadened to the world’s wealthiest individuals through Caribbean Citizenship by Investment Programs, or CIPs, over the last few years. One of the most sought-after destinations is the dual islands of Antigua and Barbuda located in the Eastern Caribbean. Introduced in 2013, Antigua and Barbuda’s Citizenship by Investment Program (CIP) has become a shining star among its island competitors not only for the program’s positive contributions to the country’s economy, but its overall transparency.
The positive effects of Antigua and Barbuda’s Citizenship by Investment Program (CIP) are evident, and largely due to high net worth individuals tapping into the island’s luxury property market. If you’re wondering why people might be eager to purchase property in the Caribbean, there are more than a few reasons.
First and foremost, Antigua and Barbuda grants citizenship and a passport to those willing to make a substantial investment into the island’s property market. What this means is that you’re not only purchasing a luxury flat, resort, or villa, but gaining a second passport in the process. Why is this important? For individuals seeking greater travel freedom, holders of an Antigua and Barbuda passport have visa-free and visa-on-arrival access to more than 130 countries worldwide, including the UK and Schengen region. While this may not seem like a significant reason for someone from North America or Europe, owning a second passport is a prized commodity for foreign nationals who face heavy visa restrictions due to their country of origin.
Second of all, purchasing real estate property in Antigua and Barbuda is a luxury in itself: with beautiful beaches and turquoise waters, the tropical islands of Antigua and Barbuda are recognized as one of the paradises of the world. The island’s modern development projects include a new international terminal, which provides a key point of access to the Caribbean for vacationers, businesspeople, and residents across the globe. Even more, Antigua and Barbuda offers a variety of lavish seaside real estate options, from one-bedroom apartments to five-bedroom villas or townhouses starting at USD $400,000. When it comes to owning your own slice of paradise, Antigua and Barbuda delivers the whole package.
Third, purchasing property in Antigua and Barbuda does not mean you have to physically reside there full-time, even after acquiring citizenship and a passport. Through the island’ Citizenship by Investment Program (CIP), successful applicants are only required to stay in the country for 5 days within a 5-year period. Not only does this take the pressure of having to permanently relocate to the Caribbean (but let’s be honest—who wouldn’t want to) but affords property owners the perfect opportunity for a holiday getaway.
It’s true; tapping into luxury property markets in the Caribbean is no longer a privilege reserved for celebrities. You and your family can make the Caribbean your own paradise in Antigua and Barbuda—and for an affordable price. If owning property in a tropical haven isn’t enough, citizens of Antigua and Barbuda are afforded a number of benefits, including visa-free access to North America and Europe, tax breaks on worldwide income, and the ability to enjoy Caribbean life at your own pace.
Have you always dreamed of owning your own piece of paradise? Contact our office today to discuss real estate investment options through Antigua and Barbuda’s Citizenship by Investment Program (CIP) with one of our qualified immigration professionals.
For more information on Antigua and Barbuda’s Citizenship by Investment Program, please click here.
To view our Citizenship by Investment comparison table, please click here.
To see our Citizenship and Residency Programs by Investment in Real Estate comparison table, please click here.
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