ANTIGUA & BARBUDA: Antigua & Barbuda’s citizenship program shows promising growth as CEO reveals big changes in 2024

With applications surging at an average growth rate of 14.3% between 2013 and 2023, Antigua & Barbuda’s Citizenship by Investment program (CIP) is slated to see a significant increase in application numbers in 2024, as per reports released by experts at Dubai-headquartered citizenship and residency by investment, Savory & Partners.

Since its launch in 2013, Antigua & Barbuda’s CIP has been known for its simplicity, accessibility, and remarkable value proposition. At the core of the program are its diverse investment routes, from National Development Fund (NDF) or the University of West Indies Fund (UWF) to real estate investments and business establishments.

Experts highlight Antigua & Barbuda’s CIP for its significant benefits and positive trajectory, proven by ongoing development within the Unit overseeing the program. This includes modifications in the application process, making the journey to obtaining an Antigua & Barbuda’s passport increasingly smooth. In addition to last year’s changes, including the introduction of mandatory interviews, a complete overhaul of the application process is expected soon, as per the CEO of the Unit.

During her exclusive interview with Savory & Partners, Charmaine Donovan, CEO of CIU, revealed important updates within the program, including plans to establish an embassy in Dubai. “This major new development will greatly benefit investors with superior customer service and delivery,” she said.

Expanding global mobility

Recent diplomatic initiatives, such as the signing of ten memorandums of understanding (MOUs) with top Chinese officials, further enhance the global mobility of Antiguan citizens, framing the country’s position as a strategic hub for international cooperation and connectivity.

“With strategic initiatives and the Unit’s commitment to improvement, Antigua & Barbuda’s CIP is steadily progressing towards becoming one of the leading investments in 2024,” commented Jeremy Savory, CEO of Savory & Partners

Price hike in the horizon?

Looking to the future, one potential development on the horizon is the possibility of a price hike in Antigua & Barbuda’s CIP, mirroring similar adjustments in neighboring Caribbean nations. While no official statement has been released, advisors urge investors to seize the opportunity presented by the program’s current favorable terms before any changes take effect.

Savory & Partners is an accredited agent  for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.

With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.

19 January 2024

PALESTINE: EU promises support to PA as Israel withholds tax revenues

EU officials met with the Palestinian minister of finance, Shukri Bishara, and the governor of the Palestinian Monetary Authority (PMA), Feras Melhem, to discuss the impact of the ongoing war by Israel

Read More
21 August 2024

AFRICA: UN tax convention moves closer but African diplomats fail to win new support

The African Group has been the driving force behind the agreement but it is a fragile triumph. African diplomats have moved closer to setting up a new United Nations tax authority focused on illicit

Read More
27 February 2024

AML: A money laundering watchdog removes the UAE, Uganda, Barbados and Gibraltar from a watchlist

An international watchdog said Friday that it was removing the United Arab Emirates from its so-called gray list of countries that don’t take full measures to combat money laundering and terrorism

Read More
13 August 2024

WEALTH TAX: Plan to tax super-rich divides at G20 meet in Rio

Brazil’s vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers in Rio de Janeiro, where Washington dismissed the need for an international

Read More