Antigua and Barbuda is a sovereign state in the West Indies, lying between the Caribbean Sea and the Atlantic Ocean. It consists of two major islands—Antigua and Barbuda—and a number of smaller islands. The country’s name was given by Christopher Columbus in 1493 after discovering the island. It is nicknamed “Land of 365 Beaches” due to the many beaches surrounding the islands. There are about 81,800 permanent residents to date. The capital and largest port and city is St. John’s, on Antigua.
Antigua, with its flatland topography, was well suited to produce its early crops of tobacco, cotton, and ginger. The main industry, however, developed into sugar cane farming, which lasted for over 200 years. Today, with its 30-year independence from Britain, Antigua’s key industry is tourism and related service industries accounting for over 60% of their GDP.
Like many Caribbean nations, Antigua has experienced a challenging economic environment in recent years. The government has created and implemented several public and private initiatives in order to stabilize and restructure the economy. One of the initiatives to support the island nation’s economy was the introduction of a Citizenship-by-Investment program, simply called CBI or CIP.
How Antigua’s Citizenship-By-Investment Can Help Start-up Entrepreneurs
Antigua’s CBI or CIP is divided into three investment streams from which the investor and his family can choose according to their needs.
- Contribution to the National Development Fund of a minimum of USD 100,000 per application.
- Investment of USD 200,000 in one of the government-approved real estate projects.
- Investment of a minimum of USD 1,500,000 directly into an eligible business.
Success Story: Tamarind Hills
One example of already built investment among others is Tamarind Hills. Set on a sunset-facing cliff on Antigua’s glorious west coast between Darkwood and Ffryes, two of the island’s most beautiful beaches, Tamarind Hills offers a stunning collection of villas beautifully designed for a contemporary and stylish Caribbean getaway.
Approved as a qualifying investment under the Antigua’s CIP, Tamarind Hills’ luxury complex of villas is located just over 20 minutes from Antigua’s international airport and 15 minutes from the capital, St. John’s. The master plan includes a full set of amenities such as tennis courts, dining facilities, pools, a watersport center, shopping galleria, a spa, and a fitness club. The minimum investment was initially set at USD 400,000 but was recently reduced at USD 200,000 in the event the applicant applies with another related investor under this Limited Time Offer.
For more information about this Limited Offer or any other investment immigration opportunities, contact your Harvey Law Group representative today.
- Samuel Harvey
Harvey Law Group – Director of Business Development – Philippines
Edits: Kath C. Eustaquio-Derla
About Harvey Law Group
HLG is a leading multinational law firm specializing in corporate law and investment immigration with a worldwide reputation for representing high-profile clients and corporations, with over 19 offices worldwide. As the top immigration law firm, HLG offers the most comprehensive residency and citizenship programs available to date. HLG was awarded for Immigration Law Firm of the Year at the 13th and 16th annual Macallan ALB Hong Kong Law Awards 2014 and 2017.