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Home»LIFESTYLE»Benefits and Pitfalls of Antigua & Barbuda citizenship
Benefits and Pitfalls of Antigua
LIFESTYLE

Benefits and Pitfalls of Antigua & Barbuda citizenship

By Tomer JackFebruary 22, 2023No Comments4 Mins Read
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Some countries offer a chance to permanently work, live and rest in their territory. Many people are attracted to the island states. There are several ways to obtain a passport. It is worth first deciding what you need it for. The status of a full-fledged resident of the country allows you to travel around the globe for travel or on other occasions without a visa. In addition, there are such “pluses”:

  • transfer of status by inheritance to your own children;
  • an excellent chance to save money on taxes;
  • an affordable processing fee

In addition to incredible scenery and visa-free and excellent vacation, this small island state can offer a win-win option – Antigua citizenship by investment program. When various difficulties arise in the country where a person has lived since birth, another passport can be a real salvation. Representatives of this region can offer a quick examination of the citizenship request. It usually takes a few months. As a rule, three. However, the period can be shortened in some cases. 

What are the pros?

As a specialist in the company Immigrant Invest Svetlana Gorchakova notes you should pay attention to this state if you do not have enough money to purchase a passport in a European country but want another citizenship. The Caribbean states are almost as good as the countries of the Old World. So, the advantages of Antigua and Barbuda citizenship are the following:

  • no barriers during entry – there is no requirement for a special entry permit in about 150 countries of the world, which includes the Schengen area, Canada;
  • 100% data safety and security – the authorities are not allowed to disclose any personal information to third parties, which are the benefits of Antigua and Barbuda passport;
  • Easy and fast – you will spend minimal time to complete all manipulations;
  • residence – you do not have to be permanently on the islands. The advantages of citizenship for investment are that you have to live there for less than a week (only five days over five years);
  • no taxes – the list of the main advantages is the absence of tax charges on real estate and other things. 

Looking at Antigua and Barbuda passport benefits, you can see that such an option as sending documents online and transferring what you want to get to your children and grandchildren is also available.

It is also worth noting the prospect of studying at various institutions, which are the highest, in more than 50 countries, without the need for knowledge of the English language.

Options for obtaining

A popular way to become a legal owner of a state passport is to make a large investment. Such a program gives benefits to your children. They have the right to receive an education in the UK on favorable terms. A share in a hotel, a villa, or an apartment for rent is available for purchase. It is allowed to use real estate for personal use in the case of immigration to the island or to rent.

As another option, consider marriage to a local resident and living with him for at least 3 years.

What pitfalls might be faced?

In addition to pros, cons can also be encountered. They are not significant but worth considering. Speaking of pitfalls of Antiguan passport, it is worth saying that it is all about the amount of money. You can expect a lot of investment when you are going to invest in the economy of a foreign country. You will have to spend about $ 400,000 on the property. In addition to this, the mandatory payment of specific fees which are part of the procedures.

Everything mainly rests on problems for people whose activities are related to movement in the Schengen area. It should also be noted that one of the disadvantages of Antigua and Barbuda citizenship is the fact that citizenship cannot be obtained for investments in securities. If it is not possible to provide proof of the legality of the source of income to obtain an identity document of this country will not be possible.

Obtaining a passport here is a great option for those who want to visit different parts of the world without the need to issue a visa and save on taxes. 

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