- August 14, 2017
- Posted by: CIP Journal
- Category: Real estate
Antigua & Barbuda is home to pristine white beaches, remain relatively undiscovered, leaving a world of paradise in the Caribbean. Antigua & Barbuda, as a former colony of the British, has been in the luxury tourism industry along the other Caribbean islands.
There are two easy routes available to foreigners to buy a property in Antigua and Barbuda
- Citizen: Buying an approved property under Antigua citizenship by investment programme, the minimum is US$ 400,000. You become a citizen of Antigua and Barbuda and owner of the property. There is a property tax of 2.5%. You also have to pay additional citizenship fees to the government (due diligence, government fee etc)
- Non-Citizen: Citizens of other countries are required to apply for a non-citizens licence when purchasing land in Antigua. The cost of the licence is 5% of the property purchase price and approval takes approximately 3 months.
There is also a legal fee between 1% and 2%.