One of the things that financially successful people do is invest. They invest whether the economy is doing great or not. Of course, they study investment opportunities carefully to ensure that what they will get is an asset instead of a liability.
Investments for the well-to-do come in all shapes, sizes, and forms. Options include real estate, stocks, cars, art, private equity and more. If you are looking to diversify your portfolio, consider citizenship by investment.
Second citizenship is an investment that offers unique returns. For example, the Antigua citizenship by investment program will reward you with a safe place to retreat to. Anytime the economic or political situation in your country of origin becomes unstable, you can escape here with your family. Antigua is one of the safest places in the Caribbean and an extremely fun place to spend the winters, which is why it has a steadily growing population of expats and why it attracts tourists from different parts of the globe all year round.
Being part of a community in the Caribbean will open new doors and relationships with friends and business partners that can take your life and business to a whole new level.
Now is the best time for any creative investor to take advantage of the second citizenship program. The Government of Antigua & Barbuda significantly reduced the expected donation amount for the program for a limited time until October 2019. Plus, citizenship investment programs can provide you with your second citizenship in just a matter of months. Becoming a dual citizen is so much quicker than ever before.
It is worth adding as well that there are still more other great returns from this special investment. Five of which are discussed below.
1. Extra social rights and entitlements.
You will have access to quality education (Antigua has one of the top education systems in the region) and various social services. Antigua also has some of the best medical facilities in the region.
2. The easier process of starting a new business.
If you have an enterprising spirit and would like to open a business in the country, you can avoid the long and complex process that foreign investors are typically subjected to.
3. Visa-free travel
Citizens of Antigua and Barbuda can travel to 150 countries and territories visa-free or by visa on arrival. If you are originally from a country where citizens require a visa to visit most countries, you can definitely enjoy the better travel freedom an Antigua and Barbuda passport comes with.
Visa-free travel can save you a lot of money. Applying for a visa to enter different countries can set you back thousands of dollars. US visa application alone, for instance, costs anywhere between $160 to $265, but the real cost is your time since applying for visas can take weeks and often involves sending your passport away, leaving you without the ability to travel during the application period.
4. Lower taxes
Should you decide to become a permanent resident of Antigua, you can enjoy lower taxes. Residents of the country are not required to pay estate taxes or pay any personal income tax. This will allow you to manage your finances more wisely and even explore more investment opportunities for wealth expansion.
5. A more pleasant alternative life.
Antigua is famous for its many beaches, which attract sun-worshippers from different corners of the globe. Likewise, its local culture is colorful, vibrant, and often praised for being warm and welcoming. All of these present an attractive lifestyle change, especially for people who are tired of the rat race, as well as those from cold countries.
There is a sophisticated mix of international residents in the winter months and some of the top restaurants in the region, making Antigua all the more enticing to international would-be residents.
For many, the way of life in Antigua is truly the best return on their investment.
If you are looking for a great investment, citizenship of Antigua is certainly worth considering. It’s the opportunity to live in paradise and explore fresh possibilities. If you are interested in the program, find a Licensed Agent who can assist you in identifying approved investments that qualify for citizenship by investment.
Kal Kennard is a Partner at Citizens International, a white-glove specialist firm offering private client services necessary for citizenship investment into the Caribbean, Canada and Europe. Based in the Caribbean for the past 15 years, she is an experienced consultant who works directly with many professional partners and advises clients worldwide.