After its successful citizenship program – Antigua and Barbuda, is currently thinking about opening a residency scheme that would allow HNWI particularly those who can work from anywhere in the world.
This move is similar to Barbados offering a 12 month welcome stamp for visitors to enter and the leave the country to counter covid-19 effects.
The Office of Prime Minister of Antigua and Barbuda released the following statement today.
“Two experts from the Citizenship by Investment Unit (CIU) were asked to provide options to the Cabinet members that would allow the residency program that is contemplated to be engineered in order to serve the country’s need.
The idea that is being transformed into policy would allow high-net-worth individuals and high-income-earners who can work from any place in the world, to decide on residing in Antigua for a period of up to two years.
The presenters provided several recommendations for Cabinet that would satisfy the expectations of the lawmakers.
The Cabinet was informed that similar programs have been adopted by Portugal, Ireland, Netherlands, Malaysia, Singapore, and Thailand. The CIU is targeting 1,000 of the various types that would be attracted to the program.
Thus far, 2,700 persons have acquired Antigua and Barbuda citizenship by the CIP, during the seven years from 2013 to the present.”
