Category Archives: America

Dominica

Dominica: Nature Isle of the Caribbean

TheCommonwealth of Dominicais an island nation in the Eastern Caribbean archipelago of the Caribbean Sea. The French-speaking islands of Martinique and Guadeloupe lie to its south and north respectively. Dominica is famous for its unspoiled and pristine natural beauty.

Dominica became an independent nation in 1978. It is a parliamentary democracy within the Commonwealth of Nations and, since 1979, a member of La Francophonie. Dominica also belongs to the predominantly English-speaking Caribbean Community (CARICOM), the CARICOM Single Market and Economy (CSME), and theOrganization of Eastern Caribbean States (OECS).

Tourism and agriculture are the two economic pillars of this island nation. Dominica’s main exports are agricultural and include coffee, cocoa, bananas, citrus fruits, and tropical fruits. It’schief exported manufactured products include rum, timber, and soap.

Cruise ship stopovers have increased in recent years following the development of modern docking and waterfront facilities in Roseau, the capital. Along with other Caribbean islands, Dominica is fast becoming a popular tourist destination in the Caribbean.

Dominica offers tax-free status to companies locating from abroad. It also continues to serve as a major transit point for persons facing economic problems in their own countries, and wishing to migrate to the French Islands, St. Marten, and even the United StatesandCanada.

The Commonwealth of Dominica has been nominated as one of the happiest place to live on earth.

Residency & Citizenship by Investment Program:

In 1993, the Dominican government introduced the concept of Economic Citizenship (now referred to as Citizenship by Investment Program). An amendment was made to the Citizenship Act whereby for a stipulated investment, an individual could apply for Dominican citizenship without having to physically reside in Dominica.

Investors willing to invest in Dominica must:

  • Be over 18 years of age.
  • Be of good character, without any criminal record.
  • Have a basic knowledge of the English language.
  • Be able and willing to make the required contribution

Under current regulations, to qualify for citizenship of the Commonwealth of Dominica under its Citizenship by Investment Program, the Government requires either a contribution made into the Government Fund amounting to USD100,000 depending on the number of dependents included in the application or an investment in designated Real Estate with a value of at least USD 200,000. Additional payments for any dependents included in an application, due diligence fees, government fees and other fees are also payable.

Option 1- Government Fund:

The Government Fund was established through the Citizenship by Investment Program as one component of a national capital mobilization portfolio towards an ultimate goal of national development for Dominica.

Generated funds are utilized for public and private sector projects where a need is identified.

To qualify for citizenship under this investment option, there are four investment categories with different contribution amounts, based on the number of dependents included in the application, which are as follows:

  1. Single Applicant: a non-refundable contribution of USD 100,000 is required
  2. Main Applicant and Spouse: a non-refundable contribution of USD 175,000 is required
  3. Main Applicant with up to three qualifying dependents: a non-refundable contribution of USD 200,000 is required.
  4. For an additional qualifying dependent, other than a spouse, a non-refundable contribution of USD 25,000 per dependent is required.

In addition to the contribution made into the Government Fund, certain fees are also payable including, but not limited to, due diligence fees.

Option 2 – Real Estate:

To qualify for citizenship of Dominica under the Real Estate Option of the Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of USD 200,000.

On approval in principle of an application through a real estate investment or other approved project, the following fees also apply:

USD 25,000 for the Main Applicant;

USD 35,000 for the Main Applicant applying with his or her spouse;

USD 35,000 for a family of up to four persons, including the Main Applicant and up to three dependents

USD 50,000 for a family of up to six persons, including the Main Applicant and up to five dependents; or

USD 70,000 for a family of seven persons or more, including the Main Applicant and six or more dependents

The real estate must be held for 3 years and may be eligible for re-sale under the Citizenship by Investment Program after 5 years from the grant of citizenship.

Option 3 – Other investment opportunities:

The Government of the Commonwealth of Dominica invites investments of a minimum of USD 200,000 for each main applicant where two or more main applicants apply for citizenship together by investing in an Approved Project. An Approved Project may be a real estate development or any other development project that has been approved by Cabinet asa qualified project for Citizenship by Investment.

Note: Applications for citizenship may not be submitted directly to the Citizenship by Investment Unit (CBIU) and must only be handled by authorized representative/licensed agents.

Investors are not required to reside in Dominica before or after citizenship is granted under this Program.

Benefits of the Program:

 This program has been running since 1993 and is established and experienced in processing applications. It has quick processing times and offers the most affordable route to full, legal citizenship of any of the Citizenship by Investment Programs in the world.

  • Applicants can live and work in Dominica at any time and enjoy the same rights and privileges accorded to a Dominican citizen i.e right to vote and right to purchase a property.
  • As Dominica is a member of CARICOM, applicant can live in any other member nation.
  • A Dominican passport ensures visa-free travel to over 120 countries, including the UK, Singapore, Hong Kong and Ireland.
  • As a Commonwealth citizen, applicants enjoy special rights and privileges in the United Kingdom. For example, their children can study in U.K. without a student visa and work in U.K. after completion of studies for upto 2 years.
  • No residency requirements.
  • Citizenship is for life and is irrevocable.
  • Dual citizenship is permitted and applicants are not required to give up their primary citizenship.
  • Applicants are not liable to taxation on any income earned outside of Dominica and hence applicants enjoy tax-free status on foreign income, capital gains, gift, wealth and inheritance tax. Applicants’ income is liable to taxation only if they reside in Dominica.
  • Off-shore bank accounts, investments, and Dominica-incorporated companies give unique opportunities for business and tax planning.

 Additional Benefits:

  •  Minimal taxation
  •  No wealth, gift, inheritance tax
  •  No foreign income tax
  •  No capital gains tax

St Lucia

Saint Lucia – Helen of West Indies

The volcanic island of Saint Lucia is a sovereign island country in the eastern Caribbean Sea. It is renowned for its incomparable beauty highlighted by rainforests, mountains and spectacular scenery. Because of this beauty, the island’s history is replete with long squabbles over it between the British and the French, eliciting the apt nickname, “Helen of the West Indies”.

More mountainous than most Caribbean islands, Saint Lucia is famous for two other mountains – the Pitons. Saint Lucia is also one of the few islands in the world that contains a drive-in volcano.

The island nation is a participating member of the Caribbean Community (CARICOM), Organization of Eastern Caribbean States (OECS), and La Francophonie. Saint Lucia is a Commonwealth Realm.

Offshore banking and tourism industries form the backbone of SaintLucia’s economy and are the main sources of the country’s revenue. Its manufacturing sector is the most diverse in the Eastern Caribbean area.

The island’s currency is the East Caribbean Dollar (EC$), a regional currency shared among members of the Eastern Caribbean Currency Union (ECU). It has been pegged at XCD 2.70 per dollar of the United States of America (USD) since July 1976.

 Residency &Citizenship by Investment Program (CIP):

Saint Lucia offers four different options to investors looking to invest in the island nation and obtain its passport. The four options are:

  • Saint Lucia National Economic Fund
  • Real Estate Projects
  • Enterprise Projects
  • Government Bonds
  1. Saint Lucia National Economic Fund:

 Saint Lucia National Economic Fund is a special fund established for the sole purpose of receiving qualifying investments of cash for funding government sponsored projects.

Once an application for citizenship by means of an investment in the Saint Lucia National Economic Fund has been approved, the following minimum investment is required:

Applicant applying alone: US$100,000

Applicant applying with spouse: US$165,000

Applicant applying with spouse and up to two (2) other qualifying dependents: US$190,000

Each additional qualifying dependent, of any age: US$25,000

  1. Real Estate Projects:

 The Cabinet of Ministers approve real estate projects to be included on the approved list for the Citizenship by Investment Program. Approved real estate projects fall into two broad categories:

  • High-end branded hotels and resorts
  • High-end boutique properties

The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equaling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia.

Once an application for citizenship by means of an investment in a real estate project has been approved, the following minimum investment is required:

Main Applicant: US$300,000

  • Enterprise Project:

 The Cabinet of Ministers approve the enterprise projects to be included on the approved list for the Citizenship by Investment Program.

Approved enterprise projects fall into seven (7) broad categories:

  • Specialty Restaurants
  • Cruise ports and marinas
  • Agro-processing plants
  • Pharmaceutical products
  • Ports, bridges, roads and highways
  • Research institutions and facilities
  • Offshore universities

Once an application for citizenship by means of an investment in an approved enterprise project has been approved, the following minimum investment is required:

Option 1 – A sole applicant.

A minimum investment of US$3,500,000

Option 2 – More than one applicant (joint venture).

A minimum investment of US$ 6,000,000 with each applicant contributing no less than US$1,000,000

  1. Government bonds:

 Citizenship by investment may be made through the purchase of non-interest-bearing Government bonds. These bonds must be registered and remain in the name of the applicant for a  five (5) year holding period from the date of first issue and do not attract a rate of interest.

Once an application for citizenship by means of an investment in government bonds has been approved, the following minimum investment is required:

Applicant applying alone: US$500,000

Applicant applying with spouse: US$535,000

Applicant applying with spouse and up to two (2) other qualifying dependents: US$550,000

Each additional qualifying dependent: US$25,000

An application for citizenship by investment must be submitted by an authorized agent on behalf of an applicant. The average processing time from receipt of an application to notification of the outcome is generally three months.

Benefits of the program:

  • Applicants can choose from four options which range from an investment amount of US $100,000 to US $3,500,000 for a single applicant.
  • Short processing times
  • No interview or language requirement
  • No requirement of physical presence
  • Inclusion of dependent children under 25, dependent parents above 65 and mentally or physically challenged dependent children and/or parents
  • Visa-free travel to over 120 countries around the world
  • Good quality of life
  • No tax on worldwide income

Grenada

Grenada – The Spice of Caribbean

Grenada, the picturesque island country of West Indies consisting of the island of Grenada, the most southerly of the Windwards in the Eastern Caribbean, and some of the southern Grenadine islands. Carriacou and Petite Martinique boast the most beautiful coral reefs. Carriacou – the larger of the two – is known as the ‘Land of Reefs’The beautiful island of Petite Martiniqe is also a part of Grenada.

It is also popular as the island of spice primarily because it is the one of the largest producer of nutmeg and mace in the world. Besides these spices, Grenada also produces cocoa beans, bananas and avocados in abundance.

Grenada is also famed for its unspoilt natural beauty – clear blue waters, white sand beaches and eye soothing greenery. It is a popular tourist destination for aturalovers and adventure seekers.

Grenada is a member of the African, Caribbean and Pacific Group of States, Association of Caribbean States, Caribbean Community, Non-Aligned Movement, Organisation of Eastern Caribbean States, Organization of American States, United Nations and World Trade Organization. It tropical climate and pristine beauty make it a very popular tourist destination.

Grenada is a commonwealth realm and a parliamentary democracy. It is a member of the African, Caribbean and Pacific Group of States, Association of Caribbean States, Caribbean Community, Non-Aligned Movement, Organization of Eastern Caribbean States, Organization of American States, United Nations and World Trade Organization.

Tourism is the main driving force behind Grenada’s economy. Besides this, Grenada is a leading producer of several different spices. Cinnamon, cloves, ginger, mace, allspice, orange/citrus peels, wild coffee used by the locals, and especially nutmeg, providing 20% of the world supply, are all important exports. Grenada is the world’s second largest producer of nutmeg after Indonesia.

Grenada shares a common central bank and a common currency (the East Caribbean dollar) with seven other members of the Organization of Eastern Caribbean States (OECS). Grenada enjoys a stable economy due to the fact that the East Caribbean dollar (XCD) has be pegged to the United States dollar (USD)at a standard rate since the last 40 years.

 Residency & Citizenship by Investment Program:

The Grenada CBI was established in 2013 and anyone over the age of 18 years of age, with no criminal record, in good health and with a legal source of funds is eligible to apply.

Under this program, applicants can only make two types of investments to obtain citizenship or permanent residence:

  1. They must make a payment into the National Transformation Fund, or
  2. They must invest in an approved real estate project in Grenada

 

  1. National Transformation Fund (NTF):

 The National Transformation Fund (NTF) is a Government fund responsible for financing projects that will benefit the country’s economy and help its diversification.

Applicants who choose to invest in NTF must make a one-time contribution to the fund. Under this applicants may either immediately apply for citizenship, or first apply for permanent residence and apply for citizenship at a later stage.

Under this category, applicants must contribute at least USD 200,000 to the Fund for a family of four. For each additional dependant, the applicant must contribute an additional amount of $25,000 US. The applicant will also be required to pay the applicable application fees, due diligence fees and processing fees.

The following chart details the fee structure and investment amount:

NTF DONATION Single Applicant Main Applicant + Spouse Family of four family members Family over four family members
Required Contribution Amount USD 200,000 USD 200,000 USD 200,000 USD 200,000 plus USD 25,000 per additional dependant after the third dependant
Application Fee USD 1,500 USD 1,500 per person USD 1,500 per person USD 1,500 per person
Due Diligence Fee USD 5,000 USD 5,000 per person USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17 USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17
Processing Fee USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under 18 USD 1,500 per person aged 18 and over, USD 500 for persons under 18

 

  1. Investing in real estate:

The second option available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved real estate project. Currently, these projects include real estate developments such as hotels, villas, and resorts. Because of the growth of the tourism industry, there is rising demand for tourist housing facilities. Real estate developments are thus fantastic opportunities for investors looking for high returns.

Applicants opting for the approved project (real estate) option must invest at least $350,000 US. They must keep the real estate for at least three years following the granting of citizenship.

The applicant will also be required to pay the necessary government fees, application fees, due diligence feesand processing fees.

The following chart details the fee structure and investment amount:

REAL ESTATE OPTION Single Applicant Main Applicant + Spouse Family of four family members Family over four family members
Required Contribution Amount USD 350,000 USD 350,000 USD 350,000 USD 350,000
Government Fee USD 50,000 USD 50,000 USD 50,000 USD 50,000 and USD 25,000 per additional dependant after the third dependant
Application Fee USD 1,500 USD 1,500 per person USD 1,500 per person USD 1,500 per person
Due Diligence Fee USD 5,000 USD 5,000 per person USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17 USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17
Processing Fee USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under 18 USD 1,500 per person aged 18 and over, USD 500 for persons under 18

 Note: Applications for citizenship may not be submitted directly to Grenada’s Citizenship by Investment Committee (CBIC) and must only be handled by agents. Applicants must contact an Authorized International Marketing Agent, who in turn will liaise with an Authorized Local Agent. Applicants may not contact Authorized Local Agents directly.

 Program Benefits:

  • Right to live and work in Grenada at all times
  • Visa free travel to over 115countries around the world including China
  • Applicants can hold dual citizenship
  • Citizenship may be extended to family members such as a spouse, dependent children, and dependent parents.
  • No interview, education, or management experience required.
  • No requirement to reside in Grenada before or after citizenship is granted.

Additional benefits:

  • No income tax
  • No wealth, gift, inheritance, or capital gains tax
  • No restriction on the repatriation of profits and imported capital

St. Kitts & Nevis

 

Saint Kitts and Nevis: Exotically beautiful

The Federation of Saint Kitts and Nevis (also known as the Federation of Saint Christopher and Nevis) is a two-island nation in the West Indies. St. Kitts is the larger island which is separated from Nevis, the smaller island situated 2 miles southeast of St. Kitts, by a shallow channel of water called “The Narrows”. These two beautiful islands are the smallest sovereign state in the Americas, in both area and population.

They are a popular tourist destination and much like their neighboring islands, they have become an important destination in the itinerary of cruise ship companies. St. Kitts is famous around the world for excellent preservation of the ecosystems.

The Federation is a member of the United Nations (UN), of the Organization of American States (OAS), the British Commonwealth and many other international organizations.

The country is an independent Commonwealth nation. The government is a constitutional monarchy with Queen Elizabeth II as its head of state.

A dominant tourist industry characterizes the economy of this two-island nation. Agriculture and light manufacturing industries also make a significant contribution to the national economy.The Eastern Caribbean Dollar is fixed at XCD2.70 per dollar of the United States of America (USD) since July 1976.

Globally, the twin island federation is recognized for its unspoiled beauty, vibrant culture and welcoming people – so much so that the U.S. News & World Report ranked St. Kitts-Nevis as one of the best islands in the world to visit.

 Residency &Citizenship by Investment Program:

St. Kitts & Nevis is one of leading countries worldwide who offer citizenship in return for substantial investment. St. Kitts and Nevis has the oldest established Citizenship-by-Investment program in the world, running uninterrupted since 1984. The Government of St. Kitts and Nevis established this program to attract investors of good character to make substantial investments which benefit the development of the country.

In the world’s first comprehensive guide to countries that offer citizenship in exchange for investment, the CBI Index has acknowledged St Kitts and Nevis’ Citizenship by Investment (CBI) Program as an industry leader.

Under this program, the Government requires an investment in designated projects, along with government administrative fees. This investment will allow an applicant, who fulfills the formal and character requirements set by the Government, to qualify for St. Kitts and Nevis citizenship along with their immediate family.

There are two main options available to an investor who wishes to obtain citizenship of St. Kitts and Nevis. These two options are:

  1. The applicant must make either an investment in one of the approved real-estate developments in addition to paying government fees, other fees and taxes;

OR

  1. The applicant may make a donation to the Sugar Industry Diversification Foundation (SIDF, a public charity) which includes all government taxes;
  2. Investment in approved real-estate development:

To qualify for citizenship of St. Kitts and Nevis under the real-estate option of its Citizenship-by-Investment Program, the Government requires an investment in designated/pre-approved real estate project which may include hotel shares, villas and condominium units. The minimum real estate investment required by law is US$ 400,000 for each main applicant.

Besides this investment requirement, the following processing and due diligence fees are payable to the Government of St. Kitts and Nevis:

  • US$ 50,047 for the main applicant
  • US$ 25,047 for the spouse of main applicant
  • US$ 25,047 for any dependent children below the age of 18
  • US$ 35,000 for any dependent and unmarried children older than 18 but younger than 25.
  • US$ 50,047 for dependent child of the main applicant above the age of 18 years or dependent parent aged 55 or above.

Additionally to these fees, real-estate buyers should be aware that there are also purchase costs (mainly compulsory insurance fund contribution and conveyance fees) of approximately 4 – 5% of the purchase price. The investor may purchase a part of the unit or an entire unit in the designated real estate property.

The real estate cannot be re-sold until 5 years after the purchase, and after that will not qualify the next buyer for citizenship.

Two or more applicants may apply for citizenship together by purchasing one piece of real estate, provided each main applicant contributes the minimum investment of US$ 400,000.

  1. Citizenship by donating to the Sugar Industry Development Foundation (SIDF):

To qualify for citizenship of St. Kitts and Nevis under the SIDF Option, the Government requires a contribution to the St. Kitts and Nevis Sugar Industry Diversification Foundation, a public charity audited by PricewaterhouseCoopers. Under this option, the required investment is as follows:

  1. Single applicant: a non-refundable contribution of US$ 250,000 is required
  2. Main applicant with up to three dependants (i.e. one spouse and two children below the age of 18): a non-refundable contribution of US$ 300,000 is required
  3. Each additional dependent, regardless of age: a non-refundabl contribution of US$ 25,000 is required

Upon submission of an application, non-refundable due diligence fees must also be paid. These fees amount to US$ 7,500 for the main applicant and US$ 4,000 for each dependent of the main application who is over the age of 16 years.

Unmarried dependent children who are older than 18 but younger than 30 can also be included in the application. Similarly, dependent parents aged 55 or above may also be included,

The documentation required for an application is reasonable and the application procedure is straightforward. The average processing time under the SIDF option is 3 – 4 months.

The SIDF option is the most straightforward means of obtaining citizenship in St Kitts and Nevis.

NEW: St. Kitts and Nevis Accelerated 60 day process

The Accelerated Application Process (AAP) approved by the Government of St. Kitts and Nevis in October 2016 allows applications with the Citizenship by Investment Program to be accelerated to a 60 day processing period.

Interested persons applying utilizing the AAP will still be required to meet all mandatory criteria and submit the necessary supporting documents to apply for citizenship by investment.

Applications will be given an accelerated treatment from the Citizenship by Investment Unit, Due Diligence Providers and the St. Kitts and Nevis Passport Office. As a bonus this process also includes the application and processing of the St. Christopher (St. Kitts) and Nevis passport.

Applying using the AAP can see an application completed within 60 days with some applications completed in as early as 45 days.

AAP Process Fees (inclusive of Due Diligence Fees)

Main Applicant: US$25,000.00

Dependent above 16 years: US$20,000.00

In addition to the US$25,000.00 and US$20,000.00 AAP processing fees, an additional fee of US$500.00 per person will be applicable for the processing of the St. Kitts and Nevis Passport for any dependents under the age of 16 years.

Benefits of the Program:

  • Visa free Travel to over 150 countries.
  • No requirement of stay.
  • Applicant can reside in St. Kitts and Nevis as well as in most CARICOM member countries at any time for any length of time.
  • Full citizenship for life for applicant, spouse, dependents and descendants.
  • As a Commonwealth citizen, the applicant receives certain preferential treatment in the United Kingdom. For example, the applicant’s children may enter the United Kingdom to study without first having to apply for student visas. After studying, they may work in the United Kingdom for two years without needing a work permit.
  • Two or more applicants may apply for citizenship together by purchasing one piece of real estate.

Additional benefits: 

  • No personal income tax
  • No wealth tax, no inheritance tax
  • No other direct taxes
  • The islands offer a business friendly environment that nurtures investment and growth

 


Antigua & Barbuda

Antigua & Barbuda – The Caribbean Gem

Known as the Gem of the Caribbean, Antigua & Barbuda is viewed by many as the top luxury vacation destination in the region. Its pristine beaches are just the beginning of a trip to Antigua & Barbuda.

The social and political life in the picturesque island nation of Antigua and Barbuda is stable and calm. Antigua & Barbuda is a member of the United Nations and the Commonwealth of Nations. English is the official language and the country’s currency, Eastern Caribbean Dollar (EC) is fixed to the US Dollar at a rate of US$1.00 = EC$2.68 since 1976 ensuring great financial stability.

Antigua & Barbuda passport holders can currently travel to over 130 countries, including Canada, UK, Europe (Schengen), Hong Kong Singapore and more, without the need for a visa.

The island is home to American University of Antigua and University of Health Sciences Antigua; both are American medical, health sciences and nursing educational institution. Citizens of Antigua & Barbuda may enjoy preferred tuition rates, scholarships, and, in some cases, the opportunity to complete their residency program or more easily obtain a work permit in other countries such as Canada, China, United Kingdom, and United States.

The very secure banking system in Antigua & Barbuda, through many of the large Canadian banks such as CIBC, RBC, and Scotiabank, offers a safe place to deposit funds in a tax-friendly jurisdiction as economic citizens are not taxed on their worldwide income.

Residency & Citizenship by Investment Program:

The Antigua and Barbuda Citizenship by Investment Program was established in 2013. Though the commonwealth state is a new entrant in this category, its CIP program is becoming very popular among HNIs owning to its straightforward application process, fast outcome and quality of real estate offered.

Anyone above the age of 18 years can apply for this program. There are three options available to make an investment:

  1. The National Development Fund (NDF):

Acquisition of citizenship under the NDF investment option requires a contribution to the National Development Fund in the minimum sum of US$100,000 per application. The contribution is in the form of a one-time payment.

The primary applicant may include spouse, dependent children and dependent parents over 65 years of age within the application with no additional NDF contribution required, although government and due diligence fees will be payable per each individual.

  1. For a single applicant, or a family of 4 or less

US$100,000 contribution

Processing fees: US$25,000

  1. Family of 5 or more

US$125,000 Contribution

Processing Fees: US$15,000 for each additional dependent

Upon submission of the application, the investor will be asked to pay the due diligence fees and 10% of the government processing fee.

  1. Real Estate:

To qualify for citizenship under the real estate option, the government requires applicants to make an investment in designated, officially approved real estate with a value of at least US$ 400,000 plus the payment of government processing fees and due diligence fees.

For a single applicant, or a family of 4 or less

Processing fees: US$50,000

For a family of 5 or more

Processing Fees: US$15,000 for each additional dependent

In addition, two or more applicants who have executed a binding sale and purchase agreement may apply jointly for citizenship by investment provided that each applicant contributes the minimum investment of US$ 400,000.

As the application procedure under this option involves the purchase of real estate, this can lengthen the processing time depending on the chosen property. The real estate cannot be re-sold until 5 years after the purchase, unless purchasing an alternate officially approved real estate property in Antigua and Barbuda.

Upon submission of the application, the investor will be asked to pay the due diligence fees and 10% of the government processing fee.

  1. Business Investment:

The two business investment options are:

  • Where a person proposes to make an investment in an approved business of at least US$ 1,500,000 on their own behalf.
  • At least two persons propose to make a joint investment in such an approved business totaling at least US$ 5,000,000, and each of those persons individually propose to contribute at least US$400,000 to the joint investment an application or application for Citizenship by Investment may be submitted on his, her or their behalf through an agent.

Once approval of the business investment has been given, the Citizenship and Investment Unit (CIU) will consider applications for citizenship. The application process is similar to that of the NDF, namely, upon submission of the application the investor will be asked to pay the due diligence fees and 10% of the government processing fees.

For a single applicant, or a family of 4 or less

Processing fees: US$50,000

For a family of 5 or more

Processing Fees: US$15,000 for each additional dependent

In addition to the funding of the selected investment option, additional fees are payable by each family member. These comprise of the following:

Government Fee

The fees applicable are stated in the table below. 10% of the government fee is payable (and non-refundable) upon submission of your application with the balance due following receipt of an approval letter sent to the authorised agent who submitted the application. A government fee is charged for each family member.

Due Diligence Fee

All applications are subject to rigorous due diligence to ensure that only meritorious applicants are granted citizenship of Antigua and Barbuda. The due diligence fee is charged for each family member above the age of 11 years as prescribed in the table below. The due diligence fee is payable upon submission of the application by the appointed agent and is non-refundable.

Passport Fee

Each family member is required to pay the sum outlined for issuance of their passport.

Note: Applications for citizenship may not be submitted directly to The Antigua and Barbuda Citizenship by Investment Committee (CBIC) and must only be handled by authorized representative/licensed agents.

Program Benefits:

 ·         Visa free travel to over 135 countries

·         Simple, streamlined application process

·         No minimum net worth requirements or previous business experience needed

·         One-time contribution and no hidden costs

·         Quick processing times – 60-90 days in most cases

·         Permits dual nationality

·         Citizenship obtained for life

·         Once citizenship is obtained, investor has the right to reside permanently on the islands. Alternatively, new citizens have to spend at least five days in the five years following granting of citizenship

 Additional Benefits:

·         No property taxes

·         No personal income tax

·         No property transfer taxes

·         No management fees

·         No monthly association fees.

 

 

Cayman Islands

Please visit the government site for more information. 

For more information email us at:  info@ajmeralaw.com  or refer to official government resources and publications.

Website disclaimer:

The information contained in this website is provided for general  informational purposes only, and should not be construed as legal advice on any matter related to Residency and Citizenship

The transmission, contacting  and receipt of information contained on the Ajmeralaw.com Web site, in whole or in part, or communication with Law office of Prahsnat Ajmera & Associates using  the Internet or e-mail through this website does not establishes or create a lawyer-client relationship between our law firm and any recipient.

You should not send to our law firm any confidential information in response to this webpage. Such responses will not create a lawyer-client relationship, and whatever you disclose to us will not be privileged or confidential unless our law firm have agreed to act as your legal counsel / lawyer / advocate and you have executed a written engagement agreement with our law firm.

Due to very nature of the rules and regulations related to Residency and Citizenship by investment, the information on this website may not reflect the most current legal developments. The information, content and interpretation of the law addressed herein is subject to revision. Our law firm disclaim all liability in respect to actions taken or not taken based on any or all the contents of this site to the fullest extent permitted by law of various counties.

Do not act or refrain from acting upon this information without seeking professional legal counsel with your own advocate.

Panama

Quick Reference for Residency and Citizenship by Investment for Panama 

1 Country Passport  Panama
2 Country Map  
3 Country Flag  
4 Minimum Investment Required $300,000
5  Name Of The Program Real Estate
6 Processing Time
7 Residency By Investment Immediate Residency
8 Real Estate investment Allowed Yes
9 Business Investment Yes
10 Minimum Stay Requirements
11 Permanent Residency (PR)/Business Immigration
12 Naturalization  Time for Citizenship 5 years
13 EU Schengen Member No
14 UK Visa Needed No
15 USA Visa Needed Yes
16 Double Citizenship
17 Visa Free Travel Countries* 125
18 Passport Reputation (out of 10) 7.9

For more information email us at:  info@ajmeralaw.com  or refer to official government resources and publications.

Website disclaimer:

The information contained in this website is provided for general  informational purposes only, and should not be construed as legal advice on any matter related to Residency and Citizenship

The transmission, contacting  and receipt of information contained on the Ajmeralaw.com Web site, in whole or in part, or communication with Law office of Prahsnat Ajmera & Associates using  the Internet or e-mail through this website does not establishes or create a lawyer-client relationship between our law firm and any recipient.

You should not send to our law firm any confidential information in response to this webpage. Such responses will not create a lawyer-client relationship, and whatever you disclose to us will not be privileged or confidential unless our law firm have agreed to act as your legal counsel / lawyer / advocate and you have executed a written engagement agreement with our law firm.

Due to very nature of the rules and regulations related to Residency and Citizenship by investment, the information on this website may not reflect the most current legal developments. The information, content and interpretation of the law addressed herein is subject to revision. Our law firm disclaim all liability in respect to actions taken or not taken based on any or all the contents of this site to the fullest extent permitted by law of various counties.

Do not act or refrain from acting upon this information without seeking professional legal counsel with your own advocate.

Turks and Caicos