Citizenship for Sale?

Invest your way to citizenship in another Country?

Antigua and Barbuda has introduced a new citizenship program aimed at boosting investment in the country.

The program enables international investors and their family members to apply for economic citizenship under the Antigua and Barbuda citizenship through its Investment Act of 2013.

The Investors are granted visa-free travel to over 130 countries and have the ability to spend as much time in Antigua and Barbuda as they desire.

At a conference Wednesday in Lagos, Chief Executive Officer of Citizenship by Investment Unit, of Antigua and Barbuda, Mr. Chisanga Chekwe, disclosed that all qualified Nigerians were entitled to become citizens of the Caribbean country.

Chekwe said, ‘’Investors may purchase a preferred share in Verandah Resorts Limited or a new villa at St. James’s Clubs.

The Preferred Share Option offers advantages such as ease of acquisition, no property taxes, no income taxes on dividends, no management fees, and no homeowner association fees.

Chekwe stated the Antigua & Barbuda Citizenship has a population of 87,000 people and has a GDP per capita of US $21,000 per person.

On behalf of the United Nations, Chekwe observed the historic first democratic election in South Africa in 1994 affirming that a majority of the Antiguan citizens originated from West Africa and the country has been stable for several decades both politically and economically.

“The Real Estate Option offers fractional ownership or whole ownership options. This is a freehold real estate purchase; investors are issued a registered deed”.

What can you invest in?

The Verandah Resort & Spa opened in 2007, and quickly became one of the Caribbean’s most popular all-inclusive resorts. The resort includes 180 luxury suites on 34 picturesque acres overlooking a stunning turquoise bay.

The Verandah is part of the Elite Island Resorts Group, which has been building and operating Caribbean resorts for over 30 years.

The resort is situated on 34 picturesque acres. World class amenities include: 180 luxury guest suites; white sand beaches; swimming pools; air-conditioned restaurants; outdoor beach-themed cafes; water sports; 18-hole miniature golf course; tennis courts; conference center; and many other services and amenities.

Antigua & Barbuda is an independent country and one of the most sought after tourism destinations in the Eastern Caribbean. It is roughly 17 degrees north of the equator, approximately 14 miles long and 11 miles wide, and encompasses 108 square miles.

To the south are the islands of Montserrat and Guadeloupe, and to the north and west are Nevis, St. Kitts, St. Barts, and St. Martin. The current co-population for the nation is approximately 68,000 and its capital is St. John’s on Antigua. The government is democratically elected and based on the British parliamentary system. English is the official language.

Benefits of citizenship include: The ability to maintain dual citizenship. No Personal Income Tax on worldwide income.

No Estate, Death, Inheritance or Capital Gains Tax plus Visa-free access to 130 countries including Canada, the EU and the United Kingdom.

Officials point out that they are a economically, legally and socially stable country part of the Commonwealth democracy based on British parliamentary system.

Who’s up for dual citizenship?

About Jake Johnson 178 Articles
Jake Johnson is a full-time travel bum, who prefers warm climates where the women wear less clothing. We've tried to teach him things like manners and diplomacy, but we've given up and simply rely on our editors to remove the most offensive bits from his articles. We take no responsibility for his inane ramblings opinions - they are his own.

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