At the end of January, Honourable Gaston Browne released a report for 2020, which presented the income from the Citizenship by Investment program.
According to the report, the country received 366 applications in the previous year, which is 22% less than in the previous year. However, in 2020, the Citizenship by Investment program generated US$115.7 million.
Since the previous year had a negative impact on the country (a decrease in the number of tourists due to restrictions related to COVID-19), it was the citizenship by investment program that was able to support the economy.
That is why Prime Minister Browne emphasized that “We have set a target to double the number of applicants in 2021, and every effort will be made to achieve it.”
As for tax revenues, they fell rapidly. GDP fell from 4.5% to 3.6% in 2020. The tourism industry also saw a 62.5% decline from the 1.05 million visitors recorded in 2019.
Antigua and Barbuda citizenship offers a number of benefits:
- Global mobility
- Quick processing 3-9 months
- Inclusion of dependent children under *28 years, and dependent parents or grandparents over 58 years
- No taxes on international revenue, wealth or inheritance tax
- Antigua is the first jurisdiction to formally offer Citizenship by Investment to Stateless persons
- CIP investors can resell the property to subsequent CIP applicants, whether in the form of share or unit, passing on the same rights to apply for citizenship
The full text of the statement is available here.
Learn more about Antigua & Barbuda Citizenship by Investment Program
